What is trading account?

Different brokers levy different trading account opening charges. Furthermore, there may be other charges as well like brokerage and annual maintenance charges (AMC). The amazing part about m.Stock is that the trading account can be opened for free and with a one-time charge of ₹ 999 you can trade in all the available products without incurring any brokerage. If you would like to get rid of the AMC as well, this can be done for life by paying another ₹ 999 as a one-time cost. So, effectively, you can save over thousands of rupees on brokerages and other charges, making it the most cost-effective option out there.

If you open a trading account through the traditional, offline, mode, then it is likely to take 5-6 business days. However, these days it can be done using the internet in a paperless manner. While most brokers have started offering the ability to open a trading account online, with m.Stock this can be done in just a matter of a few minutes by using its state-of-the-art technology and intuitive platform to help you open an account without leaving the comfort of your home. All you need are the following:

• Smartphone
• Email ID
• Bank Account (IFSC code, Account number, Photo of a cancelled cheque)
• PAN card
• Address proof (like passport, Aadhaar card)

There are 3 types of Demat accounts in India:

• Regular Demat Account is the most popular one, used by resident Indian citizens to hold and store stocks and other securities in digital form. This account is linked to a regular bank account
• Repatriable Demat Account is used by NRIs wherein they can transfer their trade earnings overseas. A Non-Resident External (NRE) bank account is compulsory to open a repatriable Demat account
• Non-repatriable Demat Account is used by NRIs to trade on the Indian stock exchange without transferring money abroad. This Demat account is linked to a Non-Resident Ordinary (NRO) bank account.

There are three main types of trading accounts:

• Equity trading account allows you to buy and sell stocks, futures and options contracts. However, you will not be able to take delivery of the stock. In other words, you can trade but you can only hold them in a Demat account.
• Currency trading account lets you participate in the largest and most liquid trading market in the world - the foreign exchange trade. Forex or currency trading requires very low margins and can be highly rewarding.
• Commodity trading account is required to trade in various commodities like precious metals (gold, silver, platinum), Agri-products (pulses, cotton, paddy), spices, crude oil, etc. The most popular commodity trading exchanges are the National Commodity & Derivatives Exchange Limited (NCDEX) and the Multi Commodity Exchange of India Limited (MCX).

Due to the multitude of share brokers providing the option to open an online trading account, it becomes imperative to carefully understand and compare the features before choosing one. Here are some of the important factors to note in order to have the best and most rewarding trading experience.

• Brokerage and transaction cost
• Speed and stability of the platform
• Products and features offered by the platform
• Costs and other charges
• Variety of products
• Reliability and availability of technology
• Information and financial security

m.Stock offers one of the fastest trading platforms, which is highly intuitive and built using state-of-the-art technology. It is extremely easy to use and navigate while giving you all the latest market updates and information in real time, for you to make informed trading decisions. Apart from the best technical and fundamental analysis gained from decades of market experience, m.Stock offers the option of Zero Brokerage and AMC-free trading for life, by paying a one-time fee upfront.

Yes, you can trade in the four major currency pairs, which are, USD-INR, EUR-INR, GBP-INR, and JPY-INR. In fact, the currency market is one of the largest in the world and is highly liquid. Moreover, it requires very low margins. This makes it highly lucrative and extremely popular. All you need to do is open a currency trading account or activate the currency/forex trading segment in your existing m.Stock trading account. The most common purposes people do currency trading for include general gains and business operations, hedging their portfolio from market volatility, and as a means of speculative trading.

Yes, you can trade in derivatives as well. Derivatives can be traded across different asset classes such as equity, currency, metals, and other commodities etc. Your m.Stock trading account allows you to buy and sell derivative contracts for Future & Options, forex, and commodities as well. Since, derivatives trading requires experience and expertise, the m.Stock platform offers guidance and helpful tips that help you maximise your gains while minimising your risk exposure.