Trading is done by many people in various segments to ensure some extra income besides their regular income. Share and security markets have always witnessed rise and fall of many people who come to try their financial luck here. With the passage of time everything has got innovative and modernized in these modern times. Online trading is being done in place of traditional ones where people used to visit the trading sites and run after brokers every time they wish to make some investments. Now online trading is into the operation using several facilities offered by the internet.
For conducting trade online using internet facilities one needs to open a demat account or online trading account which will help conducting the business of trading on stocks, securities, shares etc smoothly and with maximum efficiency. For facilitating easy and smooth financial transactions and make advances and payment one needs to have a valid online trading account. Demat account is also called Dematerialized account.
For Demat account opening the trader or investor needs to mentions his or her wish of opening so right at the time of registration with the brokerage firm or this can be opened with a bank also offering such help. Some documents are required to be submitted for giving address proof like Voter’s ID card, PAN card, Driving License etc and other such which can prove the residential address. The passport sized photographs of the account holder in an attested form also needs to be submitted along the important documents.