Can I open a Joint Trading Account?

No, a joint trading account is not allowed. By law, it becomes a partnership firm.

A Demat account could be opened as a joint account. Up to 3 people could be part of the demat account. The demat account also has a nomination facility. 

Ket Facts

• One person can open only 1 trading account with a particular broker.
• One person can open as many trading accounts as he wants but each should be with a different stockbroker.
• A trading account can be opened in the name of a partnership firm, private limited, HUF, etc. 
• A demat account cannot be opened in the name of a partnership firm. It has to be open in the name of the partner.

A trading account is to buy/sell shares in the stock market. An investor needs a trading account with a stock broker to deal in the stock market.

A demat account holds the shares in digital format. A demat account is like a bank account but it holds securities instead of money.