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  1. Asked: April 20, 2024In: Finance

    Can I check my trading account details, trades and balances online?

    Kavya T
    Kavya T Knowledge Contributor
    Added an answer on April 20, 2024 at 11:12 pm

    Yes, you can check trading account details. All you need to do is login into your trading account on the m.Stock portal and locate the section on transactions. Here, you will be able to check trading account balance, trades conducted through the account and other necessary details.

    Yes, you can check trading account details. All you need to do is login into your trading account on the m.Stock portal and locate the section on transactions. Here, you will be able to check trading account balance, trades conducted through the account and other necessary details.

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  2. Asked: April 20, 2024In: Finance

    How to trade using online share trading account?

    Kavya T
    Kavya T Knowledge Contributor
    Added an answer on April 20, 2024 at 11:11 pm

    The process to trade using a trading account is relatively straightforward. Your trading account is like a link between your bank account and your DEMAT Account. You can place an order for the shares you wish to purchase through your trading account. Your order is then sent to the stock exchange forRead more

    The process to trade using a trading account is relatively straightforward. Your trading account is like a link between your bank account and your DEMAT Account. You can place an order for the shares you wish to purchase through your trading account. Your order is then sent to the stock exchange for processing. If the order is executed, the shares get deposited into your DEMAT account, and the funds are debited from your bank account. Sell orders follow a similar process. Once the order is executed, the shares are taken from your DEMAT account, and the funds are credited to your bank account.

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  3. Asked: April 20, 2024In: Finance

    What are the documents required to open a trading account?

    Kavya T
    Kavya T Knowledge Contributor
    Added an answer on April 20, 2024 at 11:11 pm

    The documents required for trading account are as under: Proof of Identity: PAN card/Aadhaar Card/Passport/Voter ID/Driver's License Proof of Address: Utility Bills (Telephone, Electricity, etc.)/Ration Card/ Aadhaar Card/Passport/Voter ID/Driver's License. Bank Details: Cancelled cheque/Copy of BanRead more

    The documents required for trading account are as under:

    Proof of Identity: PAN card/Aadhaar Card/Passport/Voter ID/Driver’s License
    Proof of Address: Utility Bills (Telephone, Electricity, etc.)/Ration Card/ Aadhaar Card/Passport/Voter ID/Driver’s License.
    Bank Details: Cancelled cheque/Copy of Bank passbook.
    Proof of Income: Copy of ITR/Account Statement for the last 3 months/Salary slips

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  4. Asked: April 20, 2024In: Finance

    What are the advantages & benefits of online trading account?

    Kavya T
    Kavya T Knowledge Contributor
    Added an answer on April 20, 2024 at 11:10 pm

    The benefits of online trading accounts are numerous! To begin with, they allow you to place buying and/or selling orders without actually being physically present at the stock exchange. This allows you to trade shares from anywhere you like, even from the comfort of your couch. Online trading accouRead more

    The benefits of online trading accounts are numerous! To begin with, they allow you to place buying and/or selling orders without actually being physically present at the stock exchange. This allows you to trade shares from anywhere you like, even from the comfort of your couch. Online trading accounts also allow for speedy delivery and settlement of orders. Besides, trading accounts also bring down your trading costs, especially with the advent of discount brokers such as m.Stock. Many broking services, including m.Stock, also provide a consolidated profit/loss and tax statement as part of trading account, making tracking investment and tax compliance simpler for you.

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  5. Asked: April 20, 2024In: Finance

    What is the process to open trading account?

    Kavya T
    Kavya T Knowledge Contributor
    Added an answer on April 20, 2024 at 11:10 pm

    The process to open trading account is very easy and is explained in the following steps: Provide your Aadhaar-linked mobile phone number for OTP verification Please read through the terms and conditions before proceeding. Choose your preferred language to start the eKYC and account opening process.Read more

    The process to open trading account is very easy and is explained in the following steps:

    Provide your Aadhaar-linked mobile phone number for OTP verification
    Please read through the terms and conditions before proceeding.
    Choose your preferred language to start the eKYC and account opening process.
    (Optional) You may also setup the MIRA voice assistant now or at a later time.
    (Optional) You may choose to mute the MIRA voice assistant via the mute button during the entire process.
    Once your preferred language is set, press the continue button.
    Please verify your email ID to receive a 3-digit OTP for verification. This email ID will be used for further communication between m.Stock and you.
    Provide your PAN Card number (mandated as per SEBI guidelines).
    Enter your date of birth to authorize m.Stock to fetch/update your KYC details and open your demat and trading account.
    Capture a selfie from your camera, preferably in front of a plain wall without any photo filters or glasses. Remember to face the camera directly and follow the instructions provided by MIRA.
    Provide a signature within the box provided. Remember that it needs to match the signature on your PAN card.
    Link your bank account to your trading account. Provide the IFSC code, bank account number and hit the verify button.
    Fillin in your personal details, and provide information about your occupation, and trading experience.
    (Optional) Provide nominee details now or at a later stage.
    (Optional) Congratulations! You can now trade equities on m.Stock. However, trading in derivatives requires filling in one additional document, which you can choose to do now or at a later stage.
    Complete your application by e-signing your application via Aadhaar OTP or Emudra PAN service. Alternatively, download your completed form, sign it and courier it to the registered address provided below:

    Mirae Asset Capital Markets (India) Private Limited
    KYC Operation Department:
    Unit No. 502, 5th Floor, Leela Business Park, Andheri Kurla Road,
    Near Airport Road Metro Station, Andheri (East), Mumbai – 400059

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  6. Asked: April 20, 2024In: Finance

    What is the Trading account opening procedure?

    Kavya T
    Kavya T Knowledge Contributor
    Added an answer on April 20, 2024 at 11:09 pm

    The process to open trading account is simple. You need to sign up on the Mirae Asset website or app and fill an online form providing your personal and contact details. Follow along the instructions on the portal, and your trading account will be opened within minutes.

    The process to open trading account is simple. You need to sign up on the Mirae Asset website or app and fill an online form providing your personal and contact details. Follow along the instructions on the portal, and your trading account will be opened within minutes.

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  7. Asked: April 20, 2024In: Finance

    Am I eligible to open a trading account?

    Kavya T
    Kavya T Knowledge Contributor
    Added an answer on April 20, 2024 at 11:08 pm

    The basic eligibility to open a trading account is as under You need to be either a Resident Indian, a Non-Resident Indian (NRI), a Person of Indian Origin (PIO) or an Overseas Citizen of India (OCI). You should be above 18 years old. You should have a functional bank and DEMAT account to link to thRead more

    The basic eligibility to open a trading account is as under

    You need to be either a Resident Indian, a Non-Resident Indian (NRI), a Person of Indian Origin (PIO) or an Overseas Citizen of India (OCI).
    You should be above 18 years old.
    You should have a functional bank and DEMAT account to link to the trading account.
    You should also have a valid ID and address proof documents and complete the required Know Your Customer (KYC) process.
    If you check both these boxes, you will have complied with the eligibility criteria of trading account and can begin the process of opening the account.

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  8. Asked: April 20, 2024In: Finance

    What is the difference between DEMAT & trading accounts?

    Kavya T
    Kavya T Knowledge Contributor
    Added an answer on April 20, 2024 at 11:00 pm

    There is one fundamental difference between trading accounts and DEMAT accounts – a trading account allows you to buy and/or sell orders for shares, whereas a DEMAT account only allows you to hold shares and securities. When you place a buy/sell order through your trading account, the securities areRead more

    There is one fundamental difference between trading accounts and DEMAT accounts – a trading account allows you to buy and/or sell orders for shares, whereas a DEMAT account only allows you to hold shares and securities. When you place a buy/sell order through your trading account, the securities are debited from or credited to the DEMAT account. As such, both accounts are synced to one another.

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  9. Asked: April 20, 2024In: Finance

    What are the different types of trading accounts?

    Kavya T
    Kavya T Knowledge Contributor
    Added an answer on April 20, 2024 at 10:59 pm

    The different types of trading accounts you can choose from include equity, commodity, online, offline, 2-in-1, 3-in-1, discount and full-service trading accounts. Each of these trading account types offers different features and benefits and is suited for different investors. Equity trading accountRead more

    The different types of trading accounts you can choose from include equity, commodity, online, offline, 2-in-1, 3-in-1, discount and full-service trading accounts. Each of these trading account types offers different features and benefits and is suited for different investors. Equity trading account: As the name suggests, using this you can only trade in listed stocks and their derivatives on exchanges like National Stock Exchange and BSE.
    Commodity trading account: This can be used to trade in commodities like cotton, spices, cereals, metals, etc. on exchanges such as MCX and NCDEX, who deal primarily in commodities.
    Offline account: Traders having this account can buy and sell securities by calling their broker or visiting their office to place orders. It is the traditional and cumbersome way of trading.
    Online account: This requires placing orders via an app or computer. All you need is a decent internet connection. Trading is seamless and orders are placed instantaneously.
    2-in-1 account: This integrates trading account and DEMAT account. The aim of 2-in-1 account is to ensure fast and seamless transfer of shares after a transaction.
    3-in-1 account: This is usually offered by bank-based brokers as it integrates your bank, trading and DEMAT accounts. From debit of money to credit of money, entire trading cycle is seamless with this type account.
    Discount broking accounts: This is considered no-frills account that may not have many services offered by full service accounts. The focus of this type of account is to reduce trading cost as much as possible.
    Full service accounts: This account, along with trading, may also offer research, recommendation and other services.

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  10. Asked: April 20, 2024In: Finance

    What is a Trading Account?

    Kavya T
    Kavya T Knowledge Contributor
    Added an answer on April 20, 2024 at 10:58 pm

    A Trading Account is used to place buying and/or selling orders in the stock market. The shares purchased through a trading account are deposited in your DEMAT Account and the shares sold are taken from it. The unique feature of a trading account is that you can buy/sell assets as frequently as youRead more

    A Trading Account is used to place buying and/or selling orders in the stock market. The shares purchased through a trading account are deposited in your DEMAT Account and the shares sold are taken from it. The unique feature of a trading account is that you can buy/sell assets as frequently as you like, even within the same trading session! This makes it ideal for day traders.

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