Are you new to stock market? If you’re then you should know trading account is the most essential to invest in stock market.
A common issue, a new investor does not realize exactly what is a trading account and demat account.
A trading account is, in simple terms — a platform to facilitate transactions in shares/securities/stocks for investors.
Once you bought you stocks in trading account, your stocks will be stored in the Demat Account
A demat account is, in simple terms — an account to store your shares, bonds, government securities in electronic form.
How To Open Trading and Demat Account
There are many brokers in India proving trading account, We recommend UPSTOX.
Instructions to Open UPSTOX trading and demat account
· Head to the upstox trading and demat account opening page
· Enter your Contact details, and click Sign Up.
· Keep scanned copies (i.e. soft copies) of your documents (Aadhaar, PAN, Cancelled Cheque, and your latest bank statement) with you for when you are directed to upload them.
· Enter your Aadhaar details and the OTP you receive on your linked mobile number in order to verify your identity.
· Once all the procedures are completed you will be provided with the details of your trading and account.
Now, you should be all set to conduct trades in the stock market.
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