What is Demat ?
#ans - Full form of Demat is dematerialisation i.e. absence of paper or material in trading. Demat account is necessary to enter into stock market and for trading. Demat account is connected to broker and the person or trader. Demat account is also connected to person or trader with his bank account mentioned in the Demat form for fund transfer. Demat account is maintained by NSDL and CDSL.
Why we need broker ?
#ans - Broker is nothing but the agent between the trader and stock market for trading ( buying and selling). Broker must be registered under SEBI. Broker is not means to advice but it means to make deal between two traders.
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