A trading account is an account that carries cash and securities, similar to a bank account that carries salary and savings. The account is generally maintained in a financial institution, e.g., a broker, and provides a facility for the traders to view their investments and trades.
Key Characteristics of a Trading Account
A few of the benefits of having a trading account include:
- Reduced brokerage fees: Discount brokers such as Religare Broking have lower brokerage fees compared to other brokers.
- Independent trading: You are free to make independent investment decisions and trade on your own without the help of a broker.
- Convenience: Trading accounts are maintained online, so accessing them and trading securities online is easy.
Conclusion
A trader who wishes to monitor their investments and trades anonymously requires a trading account. With the advantages of low brokerage costs, anonymous trading, and ease of use, a trading account can help traders reach their financial objectives. To trade and enjoy the advantages of online trading, sign up on the Religare Online platform today!
