What is the benefit of multiple trading accounts?

[Raman12]

list down the benefits of having multiple trading account

 

[Pradeep-Bhatia]

One can own multiple trading accounts as per the existing rules and regulations. The biggest advantage of having more than one trading account is that you can use them for different trading strategies. Let’s suppose apart from making long term investment you also want to be an intraday trader. In that case, the trading strategies clash with each other. Here it is wise to use a different trading account. It will keep both the trading strategies in their respective places. So, there would be no mix up or confusion.

However, one thing you should notice is that having multiple trading accounts can increase your expenditure. What is trading accounts come with certain charges. So, you will have to pay for every account you own. Alternatively, you can open one trading account with firms like Kotak Securities where you can easily trade with several objectives.

For More Information Visit Here- Kotak Securities

 

[MasterOfMyDomains]

Thanks for sharing such valuable knowledge.