A broker (TMS) account is one that allows us to trade (buy and sell) stocks online. Nepse (Nepal Stock Exchange) created TMS (Trade Management System) for online buying and selling of shares.In it, we will walk you through the process of opening an online broker account, including the prerequisites, documentation, time frame, and TMS account. We don’t have to go to the broker’s office to buy or sell our shares if we have a TMS (Trade Management System) account. We can acquire fresh shares in the secondary market and sell shares in the secondary market using this account.
Which broker should I go with?
Nepse has set a regulation that the money had to be deposited within three days. Some brokers do not deposit funds within three days. Your buddies can vouch for the broker service. Technical analysis is aided by the TMS account chart service. Check with your broker to see if this option is available for your TMS account. Choose a broker based on your proximity to the area. If you have any issues in the future, you can come to the office. After selecting any broker who meets the above-mentioned criteria, locate your broker’s company number. I’ve decided on Online Securities Company Ltd.
How to Open an Online Broker (TMS) Account in Nepal
After you’ve decided on a broker firm, enter this broker tms URL into your preferred browser. I’ll enter ‘tms49.nepsetms.com.np’ into Google Chrome and any other browser.
Now the TMS interface for broker number 49 will look like this.
Now, select New Registration.
If you want to register a personal account, choose ‘Personal,’ and if you want to open a corporation account, choose ‘Corporate.’
Now, choose the member branch that corresponds to your locality. This implies that if you reside in Kathmandu, you should select ‘Kathmandu.’ You can choose a place near you if you don’t have a location choice.
In the ‘Phone Number area,’ enter your phone number.
If you do not have a PAN number, keep it handy. Leave it alone and go forward. (It’s worth noting that headers with the star ‘*’ are required, while others are optional.) You can skip this section if you don’t have any stars.
Now enter the email address that you are currently using. Send a message with the subject ‘Username and Password’ to this email address. (Link to password reset.)
Fill up all of your personal information in this form now.
If you are involved with an investment company, click ‘Yes’ and enter your company name. Click ‘No’ with the other hand
Now enter your address details.
Now keep your bank details as per your DEMAT account.
Maintain a link between your bank account and your DEMAT account. After you sell your shares, the broker company will deposit the money into your bank account.
Now, choose the name of the bank, the name of the branch (where you established your bank account), and the account type: typically, a ‘Savings’ account. You can contact your bank if you don’t know what this ‘branch name’ and ‘account type’ are.)
Fill out the Depository Statement, also known as the DMAT Account Statement, right now. Please enter your DMAT account number (BOID provided by your capital company)
Documents may now be uploaded. In pdf format (picture, ID card, scanned copy or photo of KYC form, citizenship certificate, and trade agreement form). If you are a minor (under the age of 18), you must attach your birth certificate as well as your parent’s citizenship before clicking ‘Submit Application.’
Within 2 to 3 days of submitting the application, the broker business will deliver the login and password to your email.
Once you’ve obtained your username and password, you’ll be able to log in to your account and quickly purchase and sell shares.
How can I open a Nepal online broker account: Video Tutorial
If you do not understand something you can contact me.
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