Comment on Various Types of Accounts

Rajesh commented on 20 Jan 2015, 06:53 PM

Hi Nithin…

I have a normal trading account with Zerodha since 2 yrs…Since I will become an NRI soon, I was thinking of converting it into an NRI account…But, after having gone through your previous comments regarding NRI account and trading in Equity/F&O, it seems that it’s quite a complicated procedure to get this done…So, I was thinking of an alternative –

What if I opened a regular trading account in the name of one of my family members (who is an Indian resident), and I trade on their behalf ? Would it still be “legal” ? (legal as in, would anyone look into the ip addresses of orders placed, other complications etc ??)

Please let me know your thoughts…

Thanks,
Rajesh

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