Why Demat Account Is Required For Trading?
The global online trading platform market is anticipated to grow at US $12.16 billion in 2028 at a CAGR of 5.1% during the 2021-2028 period. These are the increasing numbers with the ease of demat account-based stock trading. With the introduction of the demat account and Depositories Act, 1996, screen-based trading has replaced paper-based offline trading in India. Indeed, paper-based trading was a cumbersome task - a process of months on the ground of the stock exchange. In the digital era, you require your demat account and trading account, and you are ready to access multiple stock exchanges through an online trading platform. As per SEBI (Securities Exchange Board of India), an online demat account is mandatory for all individuals entering the stock market. No demat account means you can not take numerous opportunities available in the stock market. Trading account requirement depends on the trading style you want to adopt in the stock market. These brokerage accounts ...