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Brokers And Trading Accounts

Stock brokers and share brokers, both connote the same meaning

. They play an important role in helping you open a trading account, particularly a demat account. Different services mark the uniqueness of different brokers, but the key objective is to facilitate investors in trading in the stock market. Finding informed share brokers will help you meet your trading needs, which prove profitable. Stock brokers charge certain rates, more often based on the number of units of shares you buy. The more the number of units, the less is the charges; however brokerage charges are negotiable for big buys. When you contact share brokers, do also look for veiled fees that may be mentioned within the terms and conditions. Many investors fall prey to such hidden charges, ending up paying even for transferring money. These are more noticed in paper based work rather than online trading.

Investors no longer need to get in touch with stock brokers every now and then during trading hours to gain information on shares. With online trading taking into its grip a huge section of the people from different vocational backgrounds and even homemakers, the stock market has witnessed an altogether new phenomenon. Finding experienced share brokers is possible online. Many brokerage platforms offer facilities to open free demat account or free trading account. If you are a beginner, interested to invest in the stock market in India, visit an online trading platform and open a free broking account. Without a trading account you cannot trade in shares. At Nirmal Bang and similar other brokerage platforms, you can open a free demat account and at the same time avail a number of benefits. In addition to this facility, you can take a tour on the performance of the stock market at this one-stop brokerage destination.

Generally, to open a trading account, you need to pay a certain amount as fees. For a free trading account, you are exempted from paying the fees. All you need to do is to open a cash management account for trading purposes. You will have to deposit funds in this broking account, enough to facilitate your buying and selling. Share brokers handle the complete responsibility of your funds; they withdraw the exact amount needed for a purchase of a stock and once the share is sold, the profits get automatically credited into your account. You are required to deposit sufficient funds for trading purpose. A trading account is similar to a bank account where shares take place of actual money.

To open a free demat account, you should have a Pan card, which has been made mandatory by the government since April 2006. As all processes and transactions are electronically recorded in case of a demat account, you need not sign papers as physical evidence. The DP (depository participant) takes care of everything; the DP can be a stock broker or an agent or a brokerage platform registered under SEBI. And you can view the statement of your account transactions from time to time as per your convenience.

by: Nirmal Kumar
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