How does Online Trading Account work?
An online Trading Account consists of a Trading account, a Demat account and a Bank Account. Just like a bank account is used to store our funds, in the same way, Demat account is used to store dematerialized shares. A trading account helps us in connecting with the exchange for the trading of securities online. In order to trade with the trading account, a customer has to transfer funds from the bank account, post which he can use these funds to buy and sell securities online through the exchange.. Usually, there are other products in which he can trade online such us Derivatives, IPOs and Mutual Funds. With Reliagre Online, he can purchase Health Insurance, Commodities and Currencies too.
For trading in stock market through a trading account, a set of guidelines need to be complied for. Following are the documents which are required for opening a trading account:
For Trading in Futures and Option, the customer needs Income Proof(6 months Bank Statement)