No, FYERS Demat account is mandatory for all new clients. Therefore, if you wish to trade or invest in equities or ETFs you will be required a Demat account with FYERS to hold these securities but you need not submit POA and Buy/Sell equities through EDIS. For more information on EDIS, refer to this blog.
A Trading -Demat account will enable you to trade in the following segments:
- Equity Delivery
- Equity Intraday
- Equity Derivatives (F&O)
- Currency Derivatives (F&O)
- Commodity Derivatives (F&O)
- Mutual Funds
To open an account online, click here. If you need any assistance, you can request a call-back or contact us.