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A Trading account is an account through which a trader carries out his transactions and performs trading using the capital he transferred in that account. So basically, a trading account simply facilitates the trading and acts as a bridge between the trader and the market.
There is no limit to withdraw cash from trading account. It all depends on your requirement. One can withdraw any amount from trading account.
The trading account needs to be linked with a Demat account which in turn acts as a repository for the collected or purchased shares.
A person who wishes to trade in the stock market needs to get his trading account created with one of the brokerage firms. These firms help complete the procedure for making or rather, opening a demat and a trading account with them.
The procedure is a small one and does not take too long to get completed. There are certain charges for opening a trading account which are collected with the submission of the form. Once all formalities are done, the trading account is in place, the trader is good to go and can begin trading.
When one speaks of having the best online Trading account, there are a number of names that come to the fore. Some of these firms are Upstox, Sharekhan, Zerodha, ICICI and so on. There are various parameters on which the users judge these firms and then give their verdict.
Some of these parameters are the ease of use, charting tools, the type watch lists and alerts given online, the types of services offered. Not to mention, the fees charged by these firms to provide the various services.
Ease of use simply means lesser the effort more the focus on trading. If a trader spends much time switching between the windows, he may lose track of that he was doing and may end up messing a few things.
Some companies offer to view updates on up to four screens simultaneously and this saves up a lot of time switching between windows. So, there it gets some good brownie points by the trader.
The alerts help a lot, especially if the trader is a newbie and is not much acquainted with the market. This feature can be a real USP for a firm. With mobile apps, people trade via their phones as well.
These alerts help in taking quick decisions and one can trade even when one is traveling. The new traders really do trust these alerts and the researches done and presented by these firms. As stated earlier, the fees affixed with opening of a trading account and also the Annual maintenance charges levied by the firms help take the decision.
To have the best online Trading Account, the trader simply needs to put his requirements to the forefront and compare the brokerage firms based on his own requirements and then choose the best among them.
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges.
As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Past performance of securities/instruments is not indicative of their future performance. This post is only for Educational purpose.