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What is a Trading account?

If you are looking to buy or sell equity shares in a stock market, you must have a trading account. A trading account operates like a brokerage account and holds investments including securities, cash, and other holdings, thus, allowing investors to buy and sell assets within the same trading session. Trading account holders are involved in day trading and sticking to long-term buying and selling propositions.

Many people confuse demat accounts with trading accounts, not realizing the difference between the two. A demat account is used as a bank to deposit the securities bought. When a company lists its shares or debentures in the stock market, you can trade on it through your online trading account. After registering your trading account with a firm or a stockbroker, you are assigned a unique trading ID that allows you to carry out your trading transactions.

Intraday Trading Brokerage Charges (Unlimited per order)

₹20

Intraday Trading Brokerage Charges (Unlimited per order)

Sell stocks and get money within 30 mins

30 mins

Sell stocks and get money within 30 mins

Margin Funding interest rate to buy stocks

8.9% P.A.

Margin Funding interest rate to buy stocks

  • ₹0

    Futures trading Charges

    01
  • ₹20

    Options & Intraday trading (Unlimited per order)

    02
  • ₹20

    Commodity & Currency Derivative (Unlimited per order)

    03

Trading Account Fees & Charges

The list of charges associated with the trading account include-

1. Account opening charges:
When compared to discount brokers, traditional or full-service brokers typically have higher overhead costs. As a result, account opening fees may differ depending on the type of broker you select. Thus, when the company is a bank, a trading account is usually free.


2. Annual maintenance charges:
That is typically paid yearly in advance to keep your account active and ensure consistent service delivery. Many brokerage firms try to make this process as simple as possible by bundling it with account opening charges.


3. Transaction fees:
The brokerage is calculated based on the number of transactions or as a percentage of the trade value. You will have to pay a brokerage fee, which will vary depending on the plan you opted for and the broker you select.

Trading Benefits

One-stop access to all exchanges

One-stop access to all exchanges

Opening a trading account allows you to access all the stock exchanges across the country via a single platform. Some of these exchanges on which you can trade your stocks and securities include the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), Multi Commodity Exchange (MCX), and the National Commodity and Derivatives Exchange (NCDEX).

Flexibility to trade

Flexibility to trade

Accessing online trading accounts from the comfort of your place is one of the benefits of opening a trading account. The flexible browser and application-based trading platforms allow you to access your trading account through your choice of electronic devices.

Smooth transactions

Smooth transactions

The entire procedure right from the purchase of shares and stocks to their sale across the platform is completed without any hassle, thus, lending a sense of ease and satisfaction among customers.

Reliable research reports

Reliable research reports

Informed purchase and sale is the key to successful trading in the stock market. With a trading account, you get access to accurate research reports that contain correct information regarding stocks by numerous experts and professionals in the field. Such reports help make informed trading decisions concerning investments across multiple platforms.

Personalized service

Personalized service

With a trading account, you get personalized customer support services. Clients trading across various platforms are regularly updated through SMS alerts or emails, reminding them of scheduled purchases and sales, if any or about their sales targets.

Multiple media channels

Multiple media channels

Apart from trading securities and stocks during market hours, you may need to access the market during off-market hours too. A trading account allows you to place your orders via multiple channels through the online mode, thus, enabling you to avail the benefits of a streamlined process.

Trading Features

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Purchase or sell stocks over the phone or online

Investors can access the best performers in various categories thanks to expert recommendations

Investors can access the best performers in various categories thanks to expert recommendations

On successfully opening an online trading account

On successfully opening an online trading account, you will receive regular market updates and free news alerts.

Margin investing allows investors to increase their exposure to a variety of stocks

Margin investing allows investors to increase their exposure to a variety of stocks

A high-speed trading platform will enable you to trade stocks in real-time

A high-speed trading platform will enable you to trade stocks in real-time, with no delays, to maximize your profits.

Orders can be placed using special facilities during after-market hours

Orders can be placed using special facilities during after-market hours

In addition, an experienced team of analysts can provide expert research advice

In addition, an experienced team of analysts can provide expert research advice

Open Trading Document Required

  1. PAN Card (mandatory)

  2. Passport-size photographs

  3. A signature, same as the one on your PAN card, on a white paper

  4. Address proof like Aadhar card, passport or copy of last three months' bank statement

  5. Bank proof like a copy of cancelled cheque or copy of passbook

  6. Income proof like six months' bank statement, Income Tax Return statement or three-month salary slip

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FAQ

What is trading account?

A trading account is a link between your bank account and Demat account. It is used to sell and buy equity shares in the stock market. When you wish to buy shares, you need to place an order through your trading account.

A trading account allows you to set your own trading limits and execute trades quickly for maximum profit. Special features of the online trading account include the ability to place orders even after market hours. A trading account can also be used to keep track of your profit margins.

To open a trading account, you will need a copy of your-
Address proof (Aadhar card, ration card, utility bills or passport), identity proof (PAN Card, Aadhar card, passport or voter ID card), income proof (ITR, bank account statement, salary slip with copy of Form 16, or net worth certificate) and proof of corresponding bank account (canceled check).

Anyone with even a basic understanding of the market can now trade thanks to the availability of online trading platforms. All that is required is to open a trading account, connect to the market, and begin trading.

a) The first step in closing a trading account is to inform the brokerage firm or Depository Participant with which you opened it.


b) You'll be asked to fill out an Account Closure form, which you should double-check for accuracy. This form is easily accessible on their website or at any of the DP locations.


c) You must submit the Account Closure form to your nearest DP branch after filling it out.
d) Because your trading and demat accounts deal with securities, double-check that you've cleared the board before closing your trading account.

Investors can trade securities such as equities, futures, and options through a trading account. Currency derivatives, in addition to equities, can be traded through a trading account.

No, you cannot open a trading account in the name of a minor. However, it can be opened in the name of either of the parents or the legal guardian.

You can enjoy low brokerage charges with a wide range of delivery plans. You get a real time calculation on both your short-term and long-term capital gains in just a single click.

You can open an online trading account if you are over the age of 18. PAN, bank account, identity, and address proofs are all required documents.

ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, India, Tel No : 022 - 2288 2460, 022 - 2288 2470. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and having SEBI registration no. INZ000183631. AMFI Regn. No.: ARN-0845. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents are solely for informational and educational purpose.

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