How to Start Trading with SBI Demat Account in 2023?

Time needed: 1 minute

What are we waiting for when we know the agenda of the topic. Let’s start with these simple steps if you’re using the platform for the first time. (Buy a Stock)

1. Go to SBI Securities Website

   Open the SBI Securities website and click on the login option available in the right corner of the platform. Alternatively, you can use this URL for login also: https://trade.sbisecurities.in/. Firstly enter your client code, password, and then Date of Birth. After that, click on Login Now Button.
   

2. You can select the Stock from your Watchlist

   There are multiple ways to place an order on this platform. You can choose the Stock from the watchlist created by you or else under Equity Segment you can choose the buy option and then enter the Stock Name. Click on + Sign for Buy or Click on Buy Button.
   

3. Fill in your Order Details

   On the create page, fill in your order details like Quantity, choose a market place or limit order. For example, if you’re okay to buy at the market rate, then the order will execute at the current price. On the other hand, in a limit order, if you want to set a price upon which the transaction will get executed.
   

4. Click on Place Order

   After filling in the details on the order page, click on the place order button and it will preview the order details. In case you want to modify any order details you can do so by clicking on Modify Button.
   

5. Click on Confirm Order Button

   If the details reflecting on preview pages are all okay or post-modification it’s as per your order. Then proceed with clicking on Confirm Order Button. In case of insufficient funds in your trading account, then you’ll be prompted to hold funds in your linked saving account. By clicking on Confirm & Hold you will be able to see a shortfall of funds in your trading account.

6. Order Confirmation

   Post clicking on confirming & holding, your order will be placed & sent to the respective exchange for execution.
   

7. Check the Order Status in Order Book

   You can simply check the order status in the order book. In case you wish to modify or cancel the order, the same is just a click away.

8. Sell a Stock

   To sell stock via this platform you get multiple options like the Buy option. Similarly, you go on your watchlist or under the Equity segment choose the Sell option.

9. Fill in your details

   To fill in the details, you can choose the exchange and enter the first few letters of the stock you wish to sell. After that, choose the product like cash, intraday followed with limit or market order selection followed with quantity to sell. Finally, click on the place order button.
   

10. Preview the Sell Order

    Before confirming the sell option, just review the sell order details and choose the Demat account from which it’s supposed to be debit. Now click on Confirm and Hold.

11. Congratulations! Your Sell Order is Confirmed

    After clicking on confirm and hold, you will get confirmation that sells order is placed successfully. You may check the order status in the order book for execution.