To achieve high returns over a short period, many investors prefer to do trading over other investing strategies as it helps them to get maximum investment benefits. There is a lot of trading experience and guidance is required to achieve a high return and hence most investors prefer to take a stock broker’s advice before investing in any stock.
To trade successfully in equity trading, it is compulsory to open a trading account with any stockbroking firm. Well, when it comes to the top stockbrokers who offer subsequently low brokerage rates with quality advisory services, then Swastika comes second to none. Swastika not only provides regular follow up calls but also quality customer services that leave the user satisfied.
If you are a newbie who often gets confused with trading terminologies, you come to the right place. Swastika’s learning courses will help you to get a deep insight into stock’s and their investment methods.
Let’s understand what is an Equity Trading Account and how do we successfully create Demat accounts.
What is an Equity Trading Account?
Equity trading accounts are required to trade any financial securities. This account involves purchasing and selling of shares within a single account, which is known as Demat account or dematerialised account.
Equity trading account opening involves signing up for trading and Demat accounts. Both the accounts can be interlinked to your savings accounts for the transferring of funds.
Trading Account
A trading account lets you successfully trade in the Indian stock market. After opening a Demat account and trading account, you will get a unique identification number (UID).
Demat Account
A Demat account enables you to buy/sell and hold financial securities that too in a dematerialised form. Earlier, shares used to trade physically, however with the arrival of the Demat account, many problems have been resolved.
Benefits of Opening of Equity Trading Account
There are bountiful benefits of the opening of Equity Trading Account:
Accessibility:
Accessibility is such an important concept here and therefore it is suggested to go for an equity trading account that has accessibility to all the stock exchanges across the country.
Seamless Transactions:
Imagine you are in the middle of trading and often face multiple transaction issues such as transferring amounts. It not only creates hurdles in your transactions but also decreases the mode of trading.
How to Open Equity Account With Swastika
Step 1:
You are required to choose a DP for your account.
Step 2:
The next step is to fill the account opening form for Demat and trading accounts.
Step 3:
A Photo Id proof is required such as PAN card/ Voter ID card/ Passport.
Step 4:
A financial proof is required such as ITR acknowledgement, a copy of annual accounts and more.
Step 5:
Once you cleared all the above steps, you will receive Demat and trading accounts.
Conclusion:
Stock trading is something that provides you with high returns too with a short period. Although there are multiple financial securities investors can invest their amount such as government bonds, debts, certificate of deposits. These securities give less return as compared to the stock market.
With Swastika’s equity trading account, you can seamlessly perform stock market operations. Swastika’s trading tips and recommendations will also help you to get the best stocks to invest in.
