The share market is popular as an avenue for share traders who want to make some quick money. There are many traders who prefer to trade in the cash segment where the risk and investment are low but the opportunities to earn good money his high. The primary condition to be a successful trader is the knowledge that can help one to have right trade and fetch good profit as a result of concerned trade. The trading and demat are accounts that a trader needs to have before buying shares of starting trading.
Among these accounts, the demat account can be opened with either CDSL or NSDL The trading account can be opened with any of the share brokers. The role of a broker is very important for a trader as he offers the services of trading and also other such as advisory, investment, and sharing of knowledge. Hence one needs to choose the broker wisely before opening an account. The market has no short of such brokers, and hence for a trader, it is little difficult to find a quality broker. He needs to do his research and check the reviews of the broker with the help of social media sites, various references and also from the internet. Such small research can help the client get the best stock broker in India, and he can open an account with him.
The Account Opening:
For opening a demat account, every broker has an account opening form where all the particulars of the concerned client are filled. Usually, such form has a name, contact number, the address of the client, details of the amount paid for account opening and PAN number. The client also needs to provide the copies of various documents and all of them must be self-attested also.
To open an account, one needs to contact any of the brokers in the market or contact the customer care of any broking company or broking house. The client needs to fill an application form for the account opening and submit his documents such as Adhaar Card, PAN card, address proof and a photograph. One also needs to provide a cheque with canceled mark to provide the bank details to the service provider.
One needs to sign the documents as well as the application form and submit the form with the copies of required documents. After the thorough check of the form, the service provider opens the account of the client. It may take time of two days to a week as per the rules of the concerned service provider. The client is notified once the account is opened. He needs to fund the account with some amount as per his trading needs, and once the account is funded, he can start trading as the risk department offers some limits to him. Hence the process of account opening is much simple nowadays. However, in case of emergency one may go for the online account opening which is a good option for the client with required resources.