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How to Open a Trading Account

The stock market displays a positive correlation between the potential return and the risks involved. When an investment provides an opportunity to earn high returns in a short period, it is natural that it is a risky investment. Therefore, online trading is appropriate for individuals who are comfortable with the risks involved in the market. Today, offline trading is obsolete and replaced by online trading. To start online trading, all you will need is a Demat account and a trading account.

How to Open a Trading Account Online

Before you open a trading account to trade in the share market, you should first determine your trading goals. Most brokers today provide Demat and Trading account. Bajaj Financial Securities Limited facilitates 100% digital account opening. Investors can choose from three different subscription packs while opening the account- The freedom pack, Professional pack, and Bajaj Privilege Club. The more premium the subscription pack, the lower brokerage is charged. All you need to open an account is to visit the online account opening form, enter your basic details, upload your PAN card, address proof, and bank proof and submit it. We will verify the details and the documents to create your account. Once your account is opened, you will receive the login credentials on your registered email ID and Mobile number.

Why Open Trading Account?

  • It gives you access to all the financial securities on a single platform
  • You can place trade orders not just online but also over the phone or through Call & Trade facility
  • You get regular market updates and alerts about, IPOs and your investments
  • Transparency in your trading account

What is a Trading Account?

A trading account is used by investors to buy and sell shares, view live share prices, and extensive stock details through a digital medium. A trading account eliminates the verbal communication to convey buy/sell orders to the Exchange. Using the account, you can trade in securities without being physically present on the stock exchange.

Trading Account Benefits

  • One-stop access: Investors can access all the stock exchanges across the country through a single platform. Some of the leading exchanges include National Stock Exchange (NSE), Bombay Stock Exchange (BSE), National Commodity and Derivatives Exchange (NCDEX), and Multi Commodity Exchange (MCX).
  • Seamless Transaction: Online trading has made the entire procedure of fund transfer and conducting equity trading very seamless; providing clients with the ability to invest with ease, using a secure trading platform.
  • Flexibility: Trading platforms help investors access their accounts through laptops or smartphones.

Documents Required to Open Trading Account

To open Demat and Trading account , you fill out the account opening application form along with KYC documents. These documents are required to validate your identity, address, and bank. The full list of documents required is given below:

  • Proof of Identity
    • Submitting a PAN card is mandatory and the same serves as proof of identity
  • Proof of Address
    • Any one of these can be used: Aadhar card, Voter ID card, Driving license, 3-month bank statement
  • Proof Of Income
    • Any one of these can be used: 6-month bank statement, Demat holding statement, Copy of ITR (Income Tax Returns) acknowledgment that you have provided to the Income Tax Department.
  • Bank Account Proof
    • Cancelled cheque that shows your name, account number, and IFSC code clearly
  • Photograph

    • Open Demat & Trading Account

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    Frequently Asked Questions - Trading Account Opening

    With a Trading account, investors can buy and sell securities.

    An individual who is above the age of 18 and a resident of India with a valid proof of address, proof of identity, PAN card, and bank account can open a trading account.

    Closing a trading account requires submission of the requisite form i.e., “Application for closure of Demat and Trading Account” and completion of necessary formalities.

    If you wish to trade in the share market in India, it is crucial to open a Demat and Trading Account. Most brokers offer Demat and Trading Account online.

    If you are 18 years or above and an Indian resident, with a valid proof of address, proof of identity, and PAN card then you are eligible to open a trading account.

    You can open a trading account in less than 10 minutes with Bajaj Financial Securities Limited.

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