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Define the process of Opening an Account with Broker

After a broker has been selected, the investor has to place an order on the broker. The broker will open an account in the name of the investor in his books. He would also ask the investor for a small sum of money known as margin money advance. In case, investor wishes to sell his securities, he will have to deposit with broker share certificates and transfer deeds. He would also have to sign in the transferor's column on the transfer deed. Physical preference of share certificates isn't required if shares have been through the 'demat' process.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9583482

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