Steps for Trading Account Opening with Zeroshare

Trading Account Opening online opens up a variety of investment possibilities. You may be wondering how to open a trading account. You can open a trading account in a few simple steps.

·         In the first step, choose a brokerage company to open a trading account. Conduct thorough research and opt for a credible brokerage firm. Take the various charges levied by brokerages, the interface of the trading platform and the value-added services into account before finalising a brokerage.

·         After hiring a broker, ask and inquire about the process of opening a trading account. The brokerage needs to fill out an account opening form and a customer identification form. A representative from the brokerage company will assist you with the process. Most brokerage firms offer a demat-cum-trading account because a demat account is required to store securities.

·         You must provide proof of identity, proof of residency and, in some cases, proof of income along with the form. Aadhar card or a copy of your passport and several other documents can be used as proof of residency. Similarly, you can use your Aadhar card or a copy of your PAN card as proof of identity. The PAN card is essential for opening a trading account.

·         After submitting the document, the broker performs customer verification manually. A representative may visit your house to verify the documents or you may be asked to verify the documents over the phone.

·         If you don't want to manually verify your documents, you can choose the e-KYC process. For the e-KYC process, you need to make sure your PAN card is linked to your Aadhar card and bank account. The mobile phone number submitted on the account opening form must be the same as your Aadhar card for the e-KYC process.

·         It usually takes 3-4 days to activate your trading account after the verification process is complete.

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