Hi all, Firstly i must say this forum, is a versatile platform for the trading needs of experts and newbies, congrats on that to traderji.
As I am a newbie I have read most of the threads on starting an account etc. Unfortunately no one thread has given a comprehensive solution as to where to start a trading account, as most are a general discussion or pretty old in terms of review. After some leg work some of the basic facts I dug about on the know traders are as follows :-
Indiabulls.com Starting fee Rs 750 (Dmat+trading account etc) extra for their stand alone software. Web based terminal sw free. Trade in BSE/NSE.
Yearly Maintenance - ?
Call based trading - Yes
Brokerage Intraday - 10P/Rs100
Delivery - 50p/Rs100
After office bookings - ?
Religare.com
Yearly Maintenance - ?
Call based trading - ?
Brokerage Intraday - .05%
Delivery - .50%
After office bookings - ?
Kotak Securities
Yearly Maintenance - ?
Call based trading - ?
Brokerage Intraday - 0.05%
Delivery - 0.45%
After office bookings - ?
ICICI.com
Opening charget dmat+trading+savings ac - Rs 975
Trade in NSE/BSE
Yearly Maintenance - Rs 500 less Rs 50 thereof per yr
Allows buying in Mutual funds/IPO's
Call based trading - Yes
Brokerage Intraday - 0.05%
Delivery - 0.75%
After office bookings - ?
SBI Securities
Opening Charge dmat+trading - Rs500
Trade in NSE/BSE
yearly maintenance - Rs 200 for dmat
Allows buying in Mutual funds/IPO's -?
Call based trading - ?
Brokerage Intraday - 0.075%
Delivery - 0.50%
After office bookings - ?
Booking platform Motilal Oswal which seems to have quite a good name in industry.
HDFC Bank :-
Opening charge dmat+trading+saving - ?
Savings acc requires min rs2500
yearly maintenance - Rs 500
Allows buying in Mutual funds/IPO's -?
Call based trading - ?
Brokerage Intraday - 0.05%
Delivery - 0.50%
After office bookings - ?
These of course are the agents quotes. What lies beneath is something which the seniors can only say,eg hidden costs, sudden selling of stocks, wrong trading, time for order to be realized in real time. For my own requirements, as a newbie I have a corpus or Rs15k to invest which of course i will increase once im comfortable. I aint looking at trading more like investor type, and plan to hold shares for long time in the volatile market scenario. As such market research etc. makes little difference as i do my own research and input work. Given these details I ask the seniors to point the pros and cons of the trading platform and give their suggestion asap.! thanks!
As I am a newbie I have read most of the threads on starting an account etc. Unfortunately no one thread has given a comprehensive solution as to where to start a trading account, as most are a general discussion or pretty old in terms of review. After some leg work some of the basic facts I dug about on the know traders are as follows :-
Indiabulls.com Starting fee Rs 750 (Dmat+trading account etc) extra for their stand alone software. Web based terminal sw free. Trade in BSE/NSE.
Yearly Maintenance - ?
Call based trading - Yes
Brokerage Intraday - 10P/Rs100
Delivery - 50p/Rs100
After office bookings - ?
Religare.com
Yearly Maintenance - ?
Call based trading - ?
Brokerage Intraday - .05%
Delivery - .50%
After office bookings - ?
Kotak Securities
Yearly Maintenance - ?
Call based trading - ?
Brokerage Intraday - 0.05%
Delivery - 0.45%
After office bookings - ?
ICICI.com
Opening charget dmat+trading+savings ac - Rs 975
Trade in NSE/BSE
Yearly Maintenance - Rs 500 less Rs 50 thereof per yr
Allows buying in Mutual funds/IPO's
Call based trading - Yes
Brokerage Intraday - 0.05%
Delivery - 0.75%
After office bookings - ?
SBI Securities
Opening Charge dmat+trading - Rs500
Trade in NSE/BSE
yearly maintenance - Rs 200 for dmat
Allows buying in Mutual funds/IPO's -?
Call based trading - ?
Brokerage Intraday - 0.075%
Delivery - 0.50%
After office bookings - ?
Booking platform Motilal Oswal which seems to have quite a good name in industry.
HDFC Bank :-
Opening charge dmat+trading+saving - ?
Savings acc requires min rs2500
yearly maintenance - Rs 500
Allows buying in Mutual funds/IPO's -?
Call based trading - ?
Brokerage Intraday - 0.05%
Delivery - 0.50%
After office bookings - ?
These of course are the agents quotes. What lies beneath is something which the seniors can only say,eg hidden costs, sudden selling of stocks, wrong trading, time for order to be realized in real time. For my own requirements, as a newbie I have a corpus or Rs15k to invest which of course i will increase once im comfortable. I aint looking at trading more like investor type, and plan to hold shares for long time in the volatile market scenario. As such market research etc. makes little difference as i do my own research and input work. Given these details I ask the seniors to point the pros and cons of the trading platform and give their suggestion asap.! thanks!