Monday, March 26, 2007

Opening Online Share Trading Account

Things to do before opening Online Share Trading Account

1. Ask for Demo: Contact the broker who provide online trading service and ask him to give you a demo of product.
2. Check if the broker trades in multiple stock exchanges. Usually most of the Online Trading Websites trade in NSE and BSE in India.
3. Check the integration of Brokerage account, Demat account and Bank account.
4. Compare brokerages with other peer companies.


Standard document require to open an Online Trading Account

1. Proof of residence (Address proof)

  • Driving license
  • Voter's ID
  • Passport
  • Photo credit card
  • Photo ration card
  • Utility Bill (Telephone, Electricity etc)
  • Bank Statement
2. Proof of identity
  • Driving license
  • Voter's ID
  • Passport
  • Photo ration card
3. PAN Card
4. Two photographs

3 comments:

India Job Updates said...

Sogotrade provides the best demo of online trading with its online trading demo pages on the site alongwith a lot of educational material is available for stock traders to help out.

raj said...

Very nice blog for new traders.very helpful to open online share trading account.
Work from home

SMC Global said...

Nice info in this post, thanks for your guidelines and support to provide me this type of huge information about Online Share Trading Account. This kind of information are very Important for beginners,Like me. Presently I am doing trading with following leading Indian Stock Broker Company. for more information, Kindly Visit: http://www.smctradeonline.com/