Trading account: Need and Benefits
20 May, 2021
While our previous blog ‘What is a trading account: The beginner’s guide’ spoke all about how online investing has replaced physical investing, what trading account is, how it works and some basics, this one will talk about the importance of an online trading account. So without any further delay, here we go...
Online trading account: Need of the hour!
In order to trade, every trader needs an online trading account, as it allows you (investors) to set trading limits and execute trading faster. Apart from the fact that you need a trading account to buy and sell shares online, there are many other reasons you need it. You can get access to multiple stock exchanges and financial reports. You can also track your profitability online and enjoy seamless transactions and customisable experience.
To know more, let us take a look at some of the advantages of having an online trading account in India.
Benefits of an online trading account
1. Ease of accessibility:
Trade from multiple stock exchanges through a single platform
Trading in multiple stock exchanges seemed next to impossible during old days when people used to visit the stock exchange physically to trade. However, with an online trading account, you can trade through multiple stock exchanges through a single platform; be it BSE (Bombay Stock Exchange), NSE (National Stock Exchange), MCX (Multi Commodity Exchange) or NCDEX (National Commodity and Derivatives Exchange).
2. Staying up-to-date:
Get latest news, reliable information that helps you make an informed decision
Correct information, latest happenings of what’s going on in the market, some facts and numbers, research reports created by the expert professionals etc. are some of the most important things that will help you make right decisions for your trade. These reports and information are often given by your service providers, which drastically increase the chances of earning high profits.
3. Multi-device support:
Trade on-the-go from multiple platforms
Online trading has reached a level of unparalleled convenience by letting us trade from anywhere at any time. You can trade from your app on your smartphone or from your desktop or laptop on a website or from any other hand-held device. Can it be easier to buy/sell shares onlines and keep track of your investments?
4. Customised trading experience:
Personalise your experience using technology, strong customer service and notifications
You can now transform the way you see your orders or watchlist on your trading platform; thanks to advanced technology! You can now customise your entire experience as per your requirements. In case you get stuck anywhere, the answer to your queries are just a call or a mail away. A strong customer support team is at your rescue. You can also set alerts and get notified about transactions and other actions.
To know how to open a trading account, click here.
You can open a trading account only through a registered stockbroker like SHAREPA that acts as a mediator between you and the stock exchange. This trading account is linked to the bank account from which the liquid cash can be used to buy or sell shares or other securities in the stock market.
You can open a trading account only through a registered stockbroker like SHAREPA An Online Discount Broker that acts as a mediator between you and the stock exchange. This trading account is linked to the bank account from which the liquid cash can be used to buy or sell shares or other securities in the stock market.
To know how to select the Best Discount Broker in India and to get some of the best tips to trade online.
For any queries, drop us an email at firstname.lastname@example.org or call us on 022-61778660 / 68. To open an account, please click on the button below.