Difference between demat and online trading account?
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Answer:
Trading Account is through which all your trading orders takes place. Your buy and sell orders go through this account. Demat account is where your shares ( when you buy and take delivery ) are kept. When you sell and release the delivery, the delivery is given through the demat account. You need both the accounts for trading and investing. Charges and all other fees etc - better you discuss in detail with the broker or banker where you are opening your accounts.
Ravi Chandra at Yahoo! Answers Visit the source
Other answers
Like you have bank account for cash. Demat is for shares. demat is like bank account for share and online trading account means online platform for doing transaction is shares (buying and selling) The term "demat", in India, refers to a dematerialised account for individual Indian citizens to have stocks or debentures in electronic form rather than paper, as required for investors by the Securities and Exchange Board of India (SEBI). In a demat account, shares and securities are held electronically instead of the investor taking physical possession of certificates. You can't trade online if you don't have online trading account.
Yahoo User
Like you have bank account for cash. Demat is for shares. demat is like bank account for share and online trading account means online platform for doing transaction is shares (buying and selling) The term "demat", in India, refers to a dematerialised account for individual Indian citizens to have stocks or debentures in electronic form rather than paper, as required for investors by the Securities and Exchange Board of India (SEBI). In a demat account, shares and securities are held electronically instead of the investor taking physical possession of certificates. You can't trade online if you don't have online trading account.
Yahoo User
Trading Account is through which all your trading orders takes place. Your buy and sell orders go through this account. Demat account is where your shares ( when you buy and take delivery ) are kept. When you sell and release the delivery, the delivery is given through the demat account. You need both the accounts for trading and investing. Charges and all other fees etc - better you discuss in detail with the broker or banker where you are opening your accounts.
Nitin G
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