Hi ,
I am a total newbie and want to learn trading . So I have decided to open the necessary trading and demat accounts.
I intend to trade with only Rs.10,000 in the first 3-4 moths while learning the basics.
I have visited various brokers, best offer I am getting is from Kotak Bank, I already have a savings account with them and they are asking 2 paisa on intraday,20 paisa on delivery trades and 100 per trade for options. In addition to that they have offered to waive off demat and trading account charges for first year if I open my trading account with more than 50,000 Margin money.
They assure that, I can transfer this margin back to my savings as soon as my trading account is opened and no minimum balance in trading needs to be maintained.
Kindly advise, whether its good to open the new account with Rs. 50,000 margin money for avoiding account opening charges? I am weary of any hidden clause or charges. Also, suggest what other factors should I consider if I am to go with other broker.
Thanks a lot. :thumb:
I am a total newbie and want to learn trading . So I have decided to open the necessary trading and demat accounts.
I intend to trade with only Rs.10,000 in the first 3-4 moths while learning the basics.
I have visited various brokers, best offer I am getting is from Kotak Bank, I already have a savings account with them and they are asking 2 paisa on intraday,20 paisa on delivery trades and 100 per trade for options. In addition to that they have offered to waive off demat and trading account charges for first year if I open my trading account with more than 50,000 Margin money.
They assure that, I can transfer this margin back to my savings as soon as my trading account is opened and no minimum balance in trading needs to be maintained.
Kindly advise, whether its good to open the new account with Rs. 50,000 margin money for avoiding account opening charges? I am weary of any hidden clause or charges. Also, suggest what other factors should I consider if I am to go with other broker.
Thanks a lot. :thumb: