2nd Demat/Trading Account.

Trading
1

Hi,

Currently i have Demat account with Zerodha and planning to open addition account with HDFC Securities. below are my doubts.

  1. Can i open both Demat and Trading Account with HDFC Sec ?
  2. Can i open only Trading account with HDFC Sec (as i alreday have one with Zerodha)

Thanks,
Alex.

2

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.

3

  1. Yes, you can open as many demat accounts as you want (max 1 account with each broker)

  2. 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.