I already have a Demat Account with another broker; do I need to open another Demat Account with Trade Smart Online? Can I use both Demat Accounts?

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Are you a day trader?

Yes, you can use your existing Demat account but it would be better if you open another Demat account with Trade Smart Online. This is because you cannot sell the shares holding in the Demat account of another broker through Trade Smart's trading account as the company currently doesn't offer services for delivery selling from stocks held with another DP. You need to transfer the securities to be able to sell it using TSO's trading account. To do so, you have to use the trading account of the other broker.


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