Can I make a second broker account and start trading there?

Can I make a second broker account and start trading there? 1

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I have a few IPOs but I have not sold them. I have also never traded in the secondary market. Basically, I have not used any broker service yet.

So in this scenario, can I make an account at different broker and do trades there?

Since i have not traded anything, my BOID shouldn’t be mapped yet, right? So does this mean i am free to do trade with any broker right now?

View on r/NepalStock by DocSuperLazy

Comments

2 responses to “Can I make a second broker account and start trading there?”

  1. captainright1 Avatar
    captainright1

    Two demat is a problem. I suggest you just have one.

    Reply
  2. amalla48 Avatar
    amalla48

    If you already have a existing broker account with the BOID that has the IPOs, you cannot use the same BOID to open another broker account. However, you can legally open two Demat accounts and two broker accounts. If you want to use the same BOID and open another broker account, you have to close the previous broker account.

    Reply

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