What is Trading Account ?
A trading account can be any investment account containing securities, cash or other holdings. this account is used to place buy or sell shares in the stock market. You can execute buy or sell stocks at the click of a mouse. The demat account is used as a bank where shares bought are deposited in, and where shares sold are taken from.
Traders can open account with Brokers or Financial institutions who trade on their behalf in the stock market. This account contains the list of all the investments of a particular investor.
A Trading Account is usually overseen by an investment dealer, fund manager or personal trader.in trading online you can trade various products, including commodity trading, equity trading, derivatives trading, currency and Forex trading, life insurance and mutual funds.
Types of Trading Account ?
There are many types of online accounts available in the market for the purpose of trading securities, stock, gold, ETF’s, currencies, etc. These include Online Forex, Online Commodities, Online Currency, Online Equity and Online Derivatives account. the best financial services with respect to trading.
What is the difference between Trading Account and Demat Account ?
A trading account is a medium to buy and sell shares in a stock market.The trading account operates in the same way as your current bank account and serves as a link between your bank account and your demat account. Its only work is to sell your shares in the market after withdrawing them out of your demat account. Thus, while a demat account works as a storage facility for your securities, a trading account is required when you want your shares in the stock market.
Demat account in the short form for ‘Dematerialised account’. Demat accounts are used to store the actual shares and other securities you buy in the market. It is an account which works in the same way as your savings bank account. Demat account is used only for the storage of stocks, not for transactions (buying/selling).