Posted by Binary Options Questions on Oct 7, 2011 in Forex | 5 comments
how to get it? im looking to invest in forex market please help
For Demat account you should have PAN number. if you have then just go to any broker and ask them that you want to open an trading + demat account.
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Try to use this steps , i hope it iwll help :
Opening an individual Demat account is a two-step process: You approach a DP and fill up the Demat account-opening booklet. The Web sites of the NSDL and the CDSL list the approved DPs. You will then receive an account number and a DP ID number for the account. Quote both the numbers in all future correspondence with your DPs.
So it is just like a bank account where actual money is replaced by shares. You have to approach the DPs (remember, they are like bank branches), to open your demat account. Let’s say your portfolio of shares looks like this: 150 of Infosys, 50 of Wipro, 200 of HLL and 100 of ACC. All these will show in your demat account. So you don’t have to possess any physical certificates showing that you own these shares. They are all held electronically in your account. As you buy and sell the shares, they are adjusted in your account. Just like a bank passbook or statement, the DP will provide you with periodic statements of holdings and transactions.
open currency trading and demat a/c through your broker.
besides agreements providing address proof (by voters card,bank statement,driving licence,electric bill) and identity proof by pan card,passport is compulsory.
Try use their alternative site for forex market help.
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Posted by Binary Options Questions on Oct 7, 2011
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