Q. Can I open two trading accounts with two different broker firms and link one account to the other to make it to a single Demat account?
Ans. The answer is Yes and NO. I will explain why it is Yes/NO.
Things are no more the same as they used in the past. In the past, you can have a Trading account with one Broker and a Demat Account with another Broker. And by showing the CMR to other brokers they would have to do trading in Equity and buy stock on Delivery as they use to attach the Demat account. However, Since Dec 2019 that’s not the case. Now you have to open both Demat and Trading together with a broker if you are looking to Invest I mean if you are buying the Stock on Delivery you must have a Demat Account.
permitted
However, if u want to take the Intraday benefit of a Discount broker like High Leverage, Low Brokerage, then you can open only a Trading account with them which means you can only trade but can not buy a stock on a delivery basis and then open a Demat Account with some other broker.
Ans. The answer is Yes and NO. I will explain why it is Yes/NO.Things are no more the same as they used in the past. In the past, you can have a Trading account with one Broker and a Demat Account with another Broker. And by showing the CMR to other brokers they would have to do trading in Equity and buy stock on Delivery as they use to attach the Demat account. However, Since Dec 2019 that’s not the case. Now you have to open both Demat and Trading together with a broker if you are looking to Invest I mean if you are buying the Stock on Delivery you must have a Demat Account.
permitted
However, if u want to take the Intraday benefit of a Discount broker like High Leverage, Low Brokerage, then you can open only a Trading account with them which means you can only trade but can not buy a stock on a delivery basis and then open a Demat Account with some other broker.
