What is a Trading Account?

Open Trading Account For Free

A Trading Account can be defined as the account that allows you to purchase or sell stocks and securities across stock markets in the country. The key advantage of an online Trading Account is the convenience and ease of carrying transactions. You can transact online from the comfort of your home or office, or even while on the go. Besides, you don’t need to worry about any safety issues as all your transactions are encrypted and secure.

Here, you must remember that you cannot directly approach a depository, either CSDL or NSDL, to open a Trading Account online. You can only open a Trading Account through a Depository Participant (DP), who is a member of a depository. Typically, stockbroking firms in India are registered either with the CSDL or NSDL. But Motilal Oswal is registered both with CSDL and NSDL and you have the option of choosing your preferred depository while opening your online Trading Account.