Step-by-Step Guide: From Opening a Demat Account to Placing Your First Trade
If you are a stock market newbie, the first concern is how to open a demat account and start trading.
As per the statistics, India has recently crossed the mark of 20 crore Demat account holders. It is a signal that there are numerous other new investors coming in just like you.
Another report on MarketWatch mentions that global stock trading has increased to a huge extent at the start of 2025.
To make the process simpler and insightful, let’s dig deep into demat account opening and making your first trade.
Gather Your Basic Documents
The first and foremost thing is to have your PAN card, Aadhaar card (with an active mobile number), bank account details, and a selfie ready. These are only four important things to consider when opening a demat account.
Having these four documents handy will make the process seamless and quicker for you, without facing any kind of frustrating delays.
Choose a Simple and Reliable Broker
Choose a trading application or platform with which you can trade comfortably. Make sure the app navigation is simple for you. It should show you everything with transparency to make your trading experience better.
Check if you easily find the search bar, fund status, trade buttons, and more. The broker app needs to show the essential costs, charges, and fees to give you confidence.
Open Your Demat and Trading Account
Find the signup process on the broker’s website or application and upload the photos of the four documents (PAN, Aadhaar, Photo, and bank proof). Complete the Aadhaar OTP verification and send the application.
After uploading the photo and other documents, the broker app will verify everything. Oftentimes, the broker may even need a video call for identity verification.
Wait for Approval and Log In
You’ll get a quick text or email notification once your new account is all set. Open it and log in using the PIN or password you set up while signing up.
Once you’re in, you’ll see your main dashboard right away with stock prices and company details.
How To Purchase Your Initial Stocks
Look for the button saying “Funds” or “Add Money” and put in some amount through various payment options.
Always make sure to check the updated balance in the trading app or platform to purchase stocks.
Use the search bar to add a company name or stock name to find the same.
Find the stock’s main page and check the current price. You can tap the buy button to begin the stock purchase.
You will find various options for your order, such as Market (buy now at the best available price) or Limit (Set a specific price you wish to pay)
Put in the number of shares you want to buy in the app and check the estimated final cost.
Also, check the small details such as taxes, brokerage, etc., to know the complete cost.
You can confirm and place your stock order. You can find the order details as well.
Open “Holdings” or “Portfolio” to check the purchased shares under your account.
Conclusion
So, it’s quite easy to sign up for a demat account and make your first trade. All you need to gather the paper together, choose a reliable broker, and complete the process. As soon as the account gets the green light from the platform, start adding money and start purchasing the stocks.
Always remember to take your time and really explore the app before making any purchase.
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This analysis is for informational purposes only. Please consult a SEBI-registered financial advisor before investing.
– Chandan Pathak
Equity Research Analyst, StockYaari