Why does broker require a Power of Attorney (PoA) for the iTrade demat account?

Save over 60% on Brokerage

We can help you save between 60% to 90% brokerage fee & taxes. Contact us today...

NamePhone
EmailCity
State
Are you a day trader?

The PoA gives limited rights to the broker to withdraw shares from your trading account to settle the sell transaction in your linked trading account. Without PoA, the broker cannot withdraw the shares from your demat account and thus cannot complete the sell transaction.



Comments

Add a public comment...

Ask Your Question







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App