Is It necessary to open a demat account with Zerodha?

It is necessary to open a demat account with Zerodha to trade equity, commodity, or currency. The demat account opening along with the trading account is mandatory at Zerodha.

Zerodha does not allow you to open only a trading account without the Demat account. Even when you have a Demat account with any other broker, you need to open a Demat account with Zerodha with the trading account to trade in Equity, F&O, Commodity, and Currency.

As per SEBI mandate, the Demat account has been a mandatory requirement for trading in Equity stocks for quite some time. For F&O, the Demat account requirement came into effect from October 2019 with the introduction of physical settlement of F&O Stock contracts.

Trading in commodity and currency derivatives generally does not require a Demat account. However, Zerodha does not allow Commodity or Currency trading accounts without an Equity Trading and Demat account.

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