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Open Trading Account Online

Trading Account helps to buy and sell shares in the stock market. Besides shares, it can also help transact in financial instruments traded in stock market like Futures, Options, Mutual Funds, Exchange Traded Funds (ETFs). A stockbroker can help open trading account through online account opening process. Trading Account is necessary to trade online in the stock market. Trading Account gives the interface to check the share prices in the stock market and place the buy and sell order. The share prices keep updating in real time and associated charts and number of buyers and sellers can be viewed on the trading platform.

With Bajaj Financial Securities limited, open free online Demat and Trading account instantly and get the benefit of low brokerage rates in India.

  • Our unique offerings and advanced UI interface has been designed to give a hassle-free trading experience.
  • Bajaj Securities App, which is the trading application of BFSL, provides stock baskets that contain well researched stocks. This is offered in partnership with Pickright.
  • BFSL offers Margin Trading Funding (MTF) at low interest rates.
  • Subscription packs from BFSL gives users the choice to select their brokerage and MTF interest rates. There are three subscription packs users can select from.

Trading Account Fees and Charges

Opening Charges Free*
Brokerage Charges ₹ 5/order*
Application Process Online within 15 minutes
Demat AMC Free
Trading Products Equity/Derivatives/MTF

Here is a list of trading account charges you need to be familiar with:

  1. Account Opening Charge

    2. It is the amount charged by the stockbroker for opening the account. Some stockbrokers do not charge the account opening fee.

  2. Brokerage Charge

    3. Every time a buy or sell order is executed through trading application, brokerage charge is applied. This charge varies across brokers.

  3. Annual Maintenance Charge

    4. It is the fee levied by the stockbroker for maintaining Demat and Trading account. It is charged annually. Some stockbrokers charge it quarterly or half-yearly also.

  4. Dematerialization &Rematerialization charge

    5. The physical share certificates can be converted to digital form which is called Dematerialization. Also, a share in digital form can be converted to physical share certificate, which is called Rematerialization. The associated charges are applied.

  5. Pledge Charge

    6. Shares in Demat Account can be pledged to get margin benefits. The associated charge is called Pledge charges.

What are the advantages of a Trading Account?

Trading Account has several advantages that eases online trading. Below are some enlisted:

  • Easy to open

    • A Trading Account can be opened online in few steps. A user has to fill an online form and upload KYC documents. There is no physical documentation required.

  • Can be accessed from anywhere

    • Trading Account can be accessed from anywhere, anytime through mobile phone or laptop.

  • Convenient Order Placement

    • Using trading account, buy and sell orders can be conveniently placed in exchange.

  • Detailed record of transactions

    • All transactions executed through trading account is well recorded and can be viewed anytime through reports.

Why Open Trading Account Online with BFSL?

  1. Easy Account Opening Process

    2. Opening Demat & Trading Account with BFSL is quick and easy. Just fill details, upload documents & e-sign the application through Aadhar linked mobile number.

  2. Trade in Cash & Derivatives

    3. With BFSL Trading account, you will be able to trade in two segments which is Equity Cash Delivery & Intraday and Equity Derivatives (Futures & Options).

  3. Get Margin Benefit

    4. You can buy shares under Margin Trade Funding at low interest rates. The position can be carried for up to 365 days.

  4. Reduce brokerage with subscription plans

    5. Get the brokerage that suits your trading style and save on brokerage through subscription plans.

    Subscription pack details to avail low brokerage trading account:

Benefits of opening Online Trading Account with BFSL

  1. Trade in various segments

    2. Place buy and sell order in stock market under various segments as mentioned below:

    • Equity Cash (Delivery & Intraday)
    • Equity Derivatives (Futures & Options)

  2. Access from anywhere

    3. Access the trading account from mobile or laptop and trade from anywhere

  3. Trade at lowest brokerage

    4. Trade at low brokerage rates through multiple subscription plans. Click here to view details.

  4. Margin Trade Funding (MTF) at low interest rates

    5. BFSL offers the facility of MTF that helps to increase the buying power of an investor by up to 3.5 times. The interest charged is low compared to others in the industry.

  5. Investment Advisory through stock baskets

    6. BFSL has partnered with Pickright to offer curated stock baskets that gives a collection of well researched stocks.

  6. Invest in Bonds

    7. BFSL clients can buy bonds on the trading platform offered by GoldenPi. Bonds help in portfolio diversification and get stable returns.

    BFSL is only distributor of these products (Pickright, Bonds); These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism. BFSL is not a registered Investment Advisory or Research entity. User discretion is required before investing

  7. Use Scanners to filter stocks

    8. BFSL offers scanners in the trading application that can help filter stocks which are at key levels in technical indicators.

How to Open Trading Account Online?

Follow these steps to open Demat & Trading Account with BFSL:

  • Step 1: Visit the online Demat and Trading Account Opening Form.The process can be completed online. BFSL offers quick account opening with zero account opening charge.

  • Step 2:In the form, enter your basic details like name mobile number, email id PAN number, etc. These are called KYC details and it is mandatory to provide these details to open account.

  • Step 3:Enter your Bank account details that you want to link to your trading account. Money can be transferred between trading account and this bank account. Note that money in your bank account has to be transferred to the trading account in order to trade.

  • Step 4:Upload KYC documents (soft copies), such as PAN card, Aadhar Card, photo and signature. These are proof documents to verify your address and identity. In place of Aadhar Card, you can provide Voter ID Card, Passport or Driving License as address proof.

  • Step 5:Finish In-Person Verification (IPV) where you have to record a 30s video of yourself reading the provided script, to confirm your identity. This step is easy and convenient, compared to earlier, when a representative from stockbroker had to personally visit you to verify your identity.

  • Step 6:E-sign the form through OTP sent on Aadhaar linked mobile number. This is the way to digitally sign your trading account opening form. It is safe and secure.

  • Step 7:Review & Submit the application. The application will be checked by the verification team of the stockbroker. In case, there is any mismatch between the details entered in form and the proof document provided, the application will be rejected. The broker will inform you to correct the error and resubmit the application.

  • After successful verification, login id and password will be provided to access the trading account. You can login and start exploring share market through the trading account.

Document Required To Open Trading Account

You need to submit the below mentioned documents to open a Trading account:

  • PAN Card: It’s a mandatory document to open a Demat and Trading account. Ensure the picture and signature are clearly visible

  • Photo: A passport size photograph

  • Address Proof: Any one of these documents - Voter ID, Driving License, Aadhar Card, Passport, Utility Bill (not more than 3 months old) or last 3 months bank statement

  • Bank Proof: Any one of these documents - Cancelled cheque, passbook, bank statement of 6 months. Ensure clear visibility of IFSC code and bank a/c number

  • Income Proof: This is required only when you want to trade in Futures & Options. You can provide any one of these documents –
    • Bank statements for 6 months,
    • Net-worth certificate,
    • 3-months’ Salary slips,
    • ITR statement,
    • Demat holding statement or Holding report

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    Open Demat & Trading Account

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    FAQs On Open Trading Account Online

    BFSL offers one of the lowest brokerage rates with seamless trading platforms. Its unique offerings will boost your investment power.

    Open Trading Account in 4 easy steps:
    1. Open the account opening form
    2. Fill personal details & bank details
    3. Upload the documents for address proof and identity proof
    4. E-sign the application by entering Aadhar Number & verifying OTP received on linked mobile number

    To open a Demat & Trading Account with BFSL, one must meet the below eligibility criteria: Must be an Indian citizen, residing in India & must be above 18 years of age. The client must have a bank account and valid proof of address and proof of identity.

    To open Demat & Trading Account, one has to fill the online account opening form that requires filling of personal details, bank details and providing soft copy of PAN card, Aadhar card (address proof) and selfie (to confirm identity). The process can be completed in less than 10 minutes. The application is sent for verification. Once approved, the login id and password is shared to registered email id. The verification can be completed within 15-20 minutes post application submission.

    • Demat Account helps store stares in digital format whereas a Trading Account helps in placing buy and sell orders in the stock market
    • It is mandatory to have a Demat Account to apply in IPO. However, a trading account is not mandatory to apply in IPO
    • Demat Account is needed to take the delivery of shares. However, in Intraday, Futures & Options, delivery of shares does not take place and these orders can be executed without a demat account also, through a trading account.

    Yes, you can open only trading account but to hold your shares in a digital or electronic form, a demat account will be required with any SEBI registered stockbroker.

    You can visit the website and submit the application form. Once the verification is done by the team, your account will be opened.

    Demat & Trading Account can be closed by submitting account closure request with the broker. Get the account closure form, fill the details of your account and submit the account closure request. Some brokers provide online account closure, while some will require you to send the signed closure form in hard copy.

    No, minors cannot open a trading account.

    All the shares or securities which are listed in stock exchange and are available for trading can be traded.
    • Shares
    • Futures
    • Options
    • Exchange Traded Funds

    Yes, you can invest in IPOs through BFSL trading account. Visit link to apply in Live IPOs.

    No, to sell shares online, you need a trading account. Most brokers offer demat and trading account. The shares stored in your demat account can be sold by using the trading account.

    You can link a primary bank account and a secondary bank account with your BFSL trading account. There can be only one DP account linked with BFSL trading account.