What are the different types of trading accounts?

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.