Why some brokers force you to open new demat accounts
SummaryBrokers wary of linking their trading accounts with demat accounts held at other brokerages
The Securities and Exchange Board of India does not limit the number of demat accounts that an investor can open. To be sure, many investors have multiple demat accounts, usually to segregate their investments. The same goes for trading accounts but that though depends on the number of brokers they are dealing with. And most brokers won’t let you link your existing demat account to their trading account. They would rather insist you open a combined trading and demat account with them.