Hi,
Currently i have Demat account with Zerodha and planning to open addition account with HDFC Securities. below are my doubts.
- Can i open both Demat and Trading Account with HDFC Sec ?
- Can i open only Trading account with HDFC Sec (as i alreday have one with Zerodha)
Thanks,
Alex.
There is no limit on how many trading accounts you have. You can have one with every broker if you want.
You will have to open both HDFC Demat + Trading account. You can’t have a trading account with a broker without their demat account also. So it’s compulsary to open trading account and demat account.
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Yes, you can open as many demat accounts as you want (max 1 account with each broker)
-
Theoretically, it’s possible however it depends on the broker if they allow it or not.
The thing is if a demat account is not maintained by them they have no control over it which makes it harder for them to provide their services such as pledging, debit & credit and so on. Moreover, they lose revenue by not being able to charge AMC since the demat is not open by them.
Do it a try if HDFC allows.