POSTED BY February 14, 2014 4:08 pm COMMENTS (2)ON
This is a query for diff between DP account and Trading account.
What I understood from my stock broker is: DP account is required to purchase Shares and MFs; whereas Trading account is required for selling the already purchased units (shares & MFs). He also informed that both accounts are mandatory for me to trade MFs/IPOs/claiming RGESS.
And the stock broker is charging 300/-each for opening DP account & Trading a/c. AMC and trading charges are extra.
Pl. let me know, whether the stock broker is correct/partially correct. He has given me a big bunch of documents (un-fillled) and asking me sign in about 30 places on the doc. When I tried to read the document, lot of technical/ legal terms are involved. Is this a general practice to sign such an unfilled document.
Or can you suggest me a good broking agency (preferably online agency) for opening DP and Trading accounts.
Thanks in advance, Regards, Jhaji