Opening an online demat account is the gateway to trading online on stock exchanges. Without having an online demat account, you can’t trade or buy or sell any stocks in the market. Additionally, it helps you to hold the shares in the electronic format. As the offline trading involves a lot of tedious processes like paperwork, dealing with the broker at their office, doing calls for transactions, most of them prefer to eliminate such toilsome work by going online.
All the online demat accounts opened with the depository participants are supervised by NSDL and CDSL. Motilal Oswal is associated with both the aforementioned depositories. If you are planning to start online trading, you can start by opening an online demat account with a reputable and experienced depository like Motilal Oswal. There are a lot of perks for opening a motilal oswal demat account.
For instance, you can open a 2-in-1 account, meaning, with Motilal Oswal, you can avail the opportunity to open a trading and online demat account in one single shot.
Online trading may have its ebbs and flows, but not more than offline trading. For instance, in online trading, the traders have command over their account, but when it comes to offline trading, brokers may perform trading activities in the trader's absence. As a consequence of which, the trader could possibly lose their money.
Other than that, traders are one step ahead in online trading. They receive prompt updates of stock market changes, ups and downs in the economy, and crashes, if any. This is not the case with offline trading. However, we’ll leave the trading platform (online or offline) decision to your discretion. In case, if you have second thoughts about trading online, simply open a motilal oswal free demat account, and enjoy investing in multiple securities and products across financial platforms.
Now, if you already have an existing motilal oswal demat account, there’s no need to create a new one. You can use the same online demat account that’s operative with Motilal Oswal. Sometimes, traders have their online demat account with a different depository. This being the case, a trader can’t use their existing online demat account to trade via Motilal Oswal.
This is what you can do. Put forward your account closure request to the existing depository participant (DP). As and when they receive your request, they’ll proceed for closure. If there are securities in your online demat account, the depository participant (DP) transfers them to another demat account, and then closes the existing one.
To trade on big platforms like Motilal Oswal, you must have a motilal oswal demat account with them. As far as the motilal oswal charges for demat account goes, you don’t need to pay a single pie for opening an online demat account. That’s not all. Motilal oswal online account opening is cost-free, meaning, zero account maintenance charges (AMC) forever. These benefits are only for online traders. But if you choose to trade offline, you can operate your existing demat account.
The debate between online trading and offline trading is never ending. If you choose to trade online, open a free demat account with Motilal Oswal. There are no annual maintenance charges for the motilal oswal free demat account. The best part of going online is that you can access or verify the securities whenever you want by sitting at your comfort from across the world.
Related Articles: How to Open a Demat Account Without a Broker | Factors to Keep in Mind While Opening a Demat account | Factors to Consider When Opening a Demat Account | 10 Points to Remember When Operating your Demat Account | Types Of Demat Account & Trading Account
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