• HDFC securities
• 05 Oct 2018
• Equity Product

Gone are the days of paper trading or depending completely on brokers to get started with your equity investments. In an age where most things in life are available at your fingertips, even equity investments are possible online. Today, all you need is an online trading account and expert guidance from well-qualified stock marketanalysts is at your disposal! 

Note that you wil also essentially need a Demat account to do trading and depending on your needs, you can open a Demat account with HDFC Securities for full-service broking or Open Demat Account with HDFC SKY for a discount broking experience.

So, how is the online stock trading account beneficial for you? Let us deep dive into some of the benefits of a reliable online trading platform.

1. Single Point of Access: There are two major exchanges Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) where you can buy stocks. With the online trading account, you can choose to buy from any of these exchanges. Additionally, you will be able to sell stocks from the same platform as well. The platform gives you detailed information about every trade transaction so that you are on top of your calculations from determining the amount invested and number of shares to profits earned and other things. All of this is possible by simply accessing a single platform.

2. 24x7 Access: Not only is the access provided from a single trading account, but it is also flexible enough so that you can log in from any location and at any point in time. More importantly, you can access a trading platform like ours from your internet browsers (on a laptop, desktop PCs, etc.) as well as from applications (on your tablets, smartphones, etc.).

3. Detailed Portfolio Reporting: With an online trading account, you can get various reports of all the stocks you own. For example, you can view reports of all the existing stocks in your portfolio with key information like buy price, current market price, number of shares bought, current profit percentage, number of shares sold (if you have made any partial profit booking), and so on. The detailed reports enable you to view your stock holdings sector-wise and assess diversification possibilities.

4. Control Order Placement Process: You can place a buy or sell order from the online trading account with options to select the exchange and quantity of shares among other things. You also have control over the type of order i.e. whether you wish to transact at a current market price or set a target price for the transaction to trigger.

5. Transparency: The details shared from the online trading account also reveal the additional charges applicable for every transaction that you undertake. These include the brokerage charges, taxes, etc. Thus, you have more clarity on the exact calculations to be done for your trade.

6. Uninterrupted End-to-End Transactions: Your online trading account gets linked with your bank account from which you drive the funds into your stock investments. The online trading account ensures a smooth transfer of funds from your bank account to your demat account (when you wish to make a stock purchase) and from your demat account to your bank account (when you sell off any stock). The secure trading platform ensures you can complete the transactions without any issues.

7. Access to Professional Research: Companies like ours that offer online trading accounts for you comprise of a big team of well-qualified stock market analysts and experts. These professionals conduct detailed research on various companies and share the stock research reports over emails with investors who have their trading accounts with us. This provides you access to detailed and comprehensive reports and analysis of stocks, enabling you to make informed stock investment decisions.

 

The above are just some of the major benefits you get by having an active online trading account for your stock investments. Get one now to enjoy a seamless experience with your stock market investments!