How do I open a trading account online in India

With every month and year, India has been progressing towards a cashless economy. The origin of the digital revolution of finance lies in the capital markets. The share markets moved towards an electronic mode of transaction (dematerialisation) in 1996 ever since the entry of the Depositories Act 1996.

Before the conversion, the stock markets operated on an open outcry system. Traders talked verbally and through hand gestures to purchase and sell shares. With the presence of electronic trading, an easy online command is more than enough to execute a trade.

Below are a few steps to open a trading account online in India:
Choose a stockbroker
Compare different brokerage rates and services offered
Talk to a selected broker for an account opening
Fill in the application form
Apply for the verification process
Get your trading account details
Place your order