There used to be a time when brokers and traders had to verbally fight it out on the floor of the share market to buy or sell shares. It was the days when only the voice of the Bulls and Bears used to be heard on the floor but gone are those days. With the introduction of online trading accounts, the voice of anyone can be heard. Now, one need not shout out their lungs to buy or sell shares but instead do it from the comfort of their home by sitting in front of their computer or smartphone, all thanks to online trading accounts.
An online trading account is an electronic account that lets a trader buy any shares, commodities, mutual funds, or other securities. Each trading account is provided with a unique identification number for carrying out a transaction. The advent of online trading accounts has made trading more lucrative. It also made trading more convenient, simpler, and more accessible. Apart from all that, it also provides many other benefits to the traders, and they are:
- Single Point of Access:
Investors can gain access to all stock exchanges in India via a single platform with the help of a trading account and don’t need to make multiple phone calls or shuttle between different cities or locations to carry out a single transaction. The Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), the Multi Commodity Exchange (MCX), and the National Commodity and Derivatives Exchange (NCDEX) are among these exchanges.
This is one of the main factors about the online trading account that drove traders from around the nation and world to invest in Indian share markets. Online trading accounts have ensured that the traders don’t have to be physically present in the Exchanges to buy and sell shares themselves. Account-holders can access their online trading accounts at any time and from any location. Trading accounts can be accessed using a computer, laptop, smartphone, tablet, or another smart device with a browser and application-based trading platforms.
- Hassle-free Transactions:
Having unwanted hassles while buying or selling shares will completely ruin the whole trading process, and this has been avoided to a great extent with the arrival of online trading accounts. Clients benefit from seamless transactional capabilities thanks to advanced technology. The entire process of transferring funds and stocks goes off without a hitch. Online trading enables clients to invest and save with ease and convenience by using a secure trading platform.
- More sources to research from:
It is incredibly beneficial to have access to reliable research reports prepared by experienced and knowledgeable professionals to succeed in inequity and other investing. Such reports are frequently provided by service providers, making it easier to make informed investment decisions. The traders are also empowered with adequate resources to verify these research reports’ authenticity and have access to carry out their research. This can significantly increase the likelihood of making more money for the traders through their investments.
- Personalised care and support:
Customers can get personalised customer service from trained executives if they have technical problems with their trading accounts. Furthermore, clients can set personal alerts via messaging or email, ensuring they do not miss out on their buy and sell targets.
- Wide range of access to the account:
Placing orders through the online account simplifies the entire process. The various methods of accessing the account enable an investor to trade during market hours and after-market hours, if necessary.
The advantages of opening an online trading account increase multifold when you choose to do with Tradeplus. In addition to a Trading account, we also provide you with a Demat account as a part of our all-in-one investment account at absolutely no cost. However, if you wish to open a trading account, we can still do it for you; all you need to do is spare some time, keep your documents ready, upload them and sign the application form digitally using the e-KYC process, and voila your account is ready. Also, if you are wondering what document we are talking about, it is just your PAN card.
Other sets of benefits you will be entitled to when you open an account with us are access to our advanced trading platforms integrated with some of the best analytical tools and extensive customer support whenever you need it. To open a trading account with us, click here.