Commodity Trading Part 2 – How To Open A Demat Account In Aliceblue – Commodity Market – Commodity Trading
Commodity trading has been a fundamental part of human civilization for centuries. It involves the buying and selling of raw materials and goods such as agricultural products, energy resources, metals, and precious metals. The commodities market serves as a platform for businesses, investors, and speculators to engage in trading activities. This essay delves into the world of commodity trading, with a specific focus on the Multi Commodity Exchange (MCX), Natural Gas Mini contracts, and the trading platform provided by Aliceblue.
Commodity trading refers to the buying and selling of standardized contracts for physical commodities or their derivatives. It serves as a vital aspect of the global economy, providing a means for producers, consumers, and investors to manage price risks, facilitate trade, and discover market prices. Commodity trading has a rich historical background, with ancient civilizations engaging in barter and trade of goods. Over time, the establishment of organized commodity exchanges revolutionized the way commodities are traded.
Before you learn How to open a Trading & Demat Account, Check out this article to know Start Commodity Trading And Earn Huge Profit
Opening a Trading & Demat account is quite convenient these days, and much easier with Aliceblue.
Trading & Demat Account Opening Procedure
- First, visit our website and click on Open an Account.
- Fill in your Name, Email, Mobile Number, and State and click on Open an Account.
- Fill in your PAN Card details and Date of Birth. (DOB should be as per PAN Card)
- Select the products you want to trade-in.
- Enter your permanent address details.
- Link your bank account to the trading account.
- Enter your personal and financial details.
- Upload account opening documents.
- Select the Demat Profile and Brokerage Plan.
- Provide an IPV (In-person verification) by showing your PAN towards the camera along with your face.
- E-sign the documents by verifying your Aadhaar with your Mobile Number.
- Your account will be activated within 24 hours.
Read More About…. What is Commodity Trading, Start Commodity Trading And Earn Huge Profit
Documents Required To Open A Trading & Demat Account Online.
You need to have a soft copy of the following documents while opening an account online:
- Identity Proof (PAN Card Mandatory)
- Address Proof (Aadhar, Voter ID, Passport, etc)
- Passport Size Photo
- Income Proof (Latest six month’s bank statement, Latest ITR copy, Three month’s salary slip)
- Scanned copy of the signature
How To Open A Trading & Demat Account Offline?
- Download the KYC form ABFSPL.
- Take a printout and fill up all the details.
- Attach a self-attested copy of the account opening documents.
- Sign the KYC form and send the hard copy to Aliceblue Corporate office address.
Documents Required To Open A Trading & Demat Account Offline.
You need the following self-attested copy of documents to open an account offline:
- KYC form ABFSPL.
- Identity Proof (PAN Card Mandatory)
- Address Proof (Aadhaar Card, Driving License, Passport, Ration Card, etc)
- Income Proof (3 Months Salary Slip, 6 Months Account Statement, Latest Income Tax Return Copy)
- Bank Proof (Cancelled Cheque, Passbook Copy or Bank Statement with visible Bank Account Number, MICR, and IFSC code)
Trading & Demat Account Opening Charges
- Account Opening Charges: ₹ 0/-
- AMC Charges: ₹ 400/- per annum.
Once you open an account you will be able to buy shares but to sell the shares you need to submit a document called Power of Attorney.
Read More About…. What is Commodity Trading, Start Commodity Trading And Earn Huge Profit
