You can open a trading account online on Motilal Oswal. Recently, stock markets are transformed from an open outcry system to an Electronic system. Trading accounts acts as an investment account that holds your cash or securities electronically and also lets you buy or sell those securities in the stock market. Stock Traders trade many instruments, for example, shares, securities, commodities, and currency through online trading platforms. Income from trading in Equity Intraday, Equity F&O, Commodity Trading, and Currency Trading is considered as a Business Income.
Steps to open a trading account online on Motilal Oswal
- Visit the Motilal Oswal website
You can also do it from here.
- Fill in your details
The details are:
Click on Let’s begin.
- A pop up will come asking you for your email address
Submit your Email address for further communication. Click on Submit.
- Choose a Plan for as per your requirement
Check the tick box. Click on Next.
- Pay the account plan charges
Through your preferred payment mode
- After that, you will be required to upload your documents
-One recent passport size photo
-Cancelled cheque/ bank statement/ passbook
-Driver’s licence/ electricity bill (not older than 2 months)
- Hence, the process is now complete.
A sales representative will contact you for account activation after verifying your documents.
Demat account hold securities and certificates of stocks, shares etc electronically while Trading account lets you buy or sell those securities in the stock market.
Yes. An Individual can have as many trading accounts as they want. You can also link the same bank account with different trading accounts. However, you can’t have multiple accounts linked with the same broker.
3 in 1 account refers to as an Individual opening a Bank account, Demat account and Trading account simultaneously with the same bank.