How to open a trading account


The stock market has gone electronic in a bid to keep up with the changing times. And so, now it is possible to buy and sell your stocks by trading accounts and exchanges electronically or through a phone call.

But before you dive into the world of stocks and shares, the first step that you will need to take is opening a trading and a Demat account. A trading account allows you to buy and sell shares and security exchanges within a matter of minutes and is managed by a brokerage firm.

Trading Account

A trading account can be specified as an account that simply enables you to buy or sell stocks and securities on the country’s stock market. The primary advantage of an online business account is the convenience, suitability, and ease of making payments. You can do business online from the comfort of your home or office, or even on the go. In addition, you don’t have to worry about security issues because all your transactions are encrypted and secure. Having an online trading account is a prerequisite for trading stocks in India. When you open a merchant account, you will receive a unique identifier that is required for each transaction.


How to proceed about opening a trading account?

  • Select a Brokerage Firm

To open a trading account, the first step is to find a brokerage firm. This is an important step, and you need to choose a firm that takes and processes your orders promptly and diligently.

Since trading, unlike investing, is a short-term game, the returns can shift from very high to very low within minutes or even seconds.

And hence, your orders to buy and sell must be handled swiftly and with precision.

  • Check for the brokerage charges of the firm

All brokerage firms charge a certain amount of processing fees on your orders. The rate of this charge varies from one firm to another. Some firms may offer a discount on a specific amount of order.

Compare the rates among a few top firms that you are considering before making a final decision. You need not always pick the cheapest option since high-quality brokerage services can sometimes cost above average, but they will ensure the maximum return on your investment as well.

  • Get in touch with the firm

Once you have finalized the firm that you want to go with, you may get in touch with them to enquire about the procedure to open a trading account.

You can do so either telephonically or in person. Most of the reputed firms would then assign a representative to you, who would then visit you with the account opening and KYC forms.

  • Fill and submit the forms and other documents

Fill in these forms and submit them with other documents that will serve as your identity and address proof.

The documents that can be used as proof are PAN card, Voter ID, Driving License, Passport, IT Returns, Electricity and Telephone bills, or photo ID cards issued by central or state governments, PSUs, or other authorized bodies.

  • Complete the verification process

Once your application is submitted, the firm will get in touch with you on the phone or in-person to verify the details that you have submitted in your application.

Once verified, the account will be created, and the details will be shared with you. You may need to visit the firm to get these details if your account was opened offline.

If it was opened online, you may log in to the brokerage firm’s official website with your credentials and check your account status.

A trading account is activated almost immediately after opening and you can start trading with it the same day.

Gill Broking makes your Share Investment & Trading Experience simple with major exchanges like NSE & BSE.

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It is, therefore, important to learn both the pros and cons of intraday trading to get a better idea of how this market works and how exactly you can grow your money. In this post, we will walk you through a few advantages and disadvantages of intraday trading. So, keep reading to learn more.

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

Names and contact details of all Key Managerial Personnel including Compliance Officer

Sr. No.Name of the IndividualDesignationContact NumbersEmail Id
1 Charanpreet GillCEO/
2 Charanpreet GillWhole Time
3 Charanpreet GillCompliance
4Manpriya GillDesignated
5Kewal GillDesignated

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