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What is a Trading Account? How to open a Trading Account? Basan Online

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basanonline
What is a Trading Account? How to open a Trading Account? Basan Online

What is a Trading Account?

Not to be confused with a Demat account which allows you to hold your security in a digital format, a trading account allows you to trade in them. 

Trading Account is needed to operate and conduct trade in securities. This article will also help you set up a free trading account.

Why do you need a trading account?

Both Demat account and trading account are needed to trade in securities, however, it is possible to trade in futures and options with just a trading account and without having a Demat account. 

Trading accounts can be used for day-to-day trading, long-term investment, education, and health insurance, and retirement planning.

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