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How does an online trading account work?

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You need to open an online trading account with any of the registered brokers like Zerodha,Sharekhan, ICICIdirect etc. Most of these brokers offer 3 types of platforms to facilitate trading:

  • Web based platform
  • Installable trading platform
  • Mobile app

Depending on your convenience, you can access any of the platforms offered by your broker. You can login to your online trading account using the user id/password provided to you by your brokerage company. You can use the account to trade in desired instruments. You can trade in stocks, derivatives, commodities, currency and IPOs using the account. Some brokers also facilitate purchase of mutual funds, bonds, insurance etc., from the trading account. All your holdings will be credited and maintained in the demat account.


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