Trade Action Account Type

Trade Action offers various types of brokerage accounts tailored to meet the needs of different investors. The primary account types include cash accounts and margin accounts.

• Cash Accounts:
• Investors in cash accounts must pay the full amount for securities purchased, with no borrowing allowed.
• This type of account is ideal for those who prefer to limit their risk and avoid debt.
• Margin Accounts:
• Margin accounts allow investors to borrow funds from Trade Action to purchase securities, using the securities in their portfolio as collateral.
• This type of account provides greater purchasing power but comes with increased risk, as investors can lose more than their initial investment.

Trade Action Broker Account Opening Process

Opening a brokerage account with Trade Action is a straightforward process that typically takes 24 to 72 hours for activation. Here are the steps involved:

• Required Documents:
• Aadhaar card (proof of identity)
• PAN card (proof of identity)
• Latest bank statement with IFSC/MICR code and address (proof of address)
• Cancelled cheque (to link the bank account with the trading account)
• Account Opening Charges:
• Charges vary from broker to broker, so it's essential to check with Trade Action for specific details.

By following these steps and providing the necessary documentation, investors can successfully open an account with Trade Action and start trading.