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


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


2 thoughts on “Can I make a second broker account and start trading there?

  1. 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

More Interesting Read

How long does it take for bonus shares to get listed after book close date 1
r/NepalStock

How long does it take for bonus shares to get listed after book close date

Can someone please tell me how long (on average) it takes to list the bonus share in nepsetms and mero share after the book close date? For example, STC book close date was on 22nd Mar 2024 but I do not find the listing date anywhere. Thank you. View on r/NepalStock by p_gautam Popular Tags: […]

Read More
Are there any Screener like sites for nepse listed companies? 3
r/NepalStock

Are there any Screener like sites for nepse listed companies?

Are there any websites that shows latest data and provides convenience for fundamental analysis? View on r/NepalStock by anonymoustwenty20 Popular Tags: Companies, sites, NEPSEListed, Fundamental Analysis, Screener Highlights: Why is the banking sector down? When will it bounce bank? Why is no IT companies listed in the stock market in Nepal? Where do all these […]

Read More