Selecting an account as a beginner

Dear all,

I am new and want to open a trading account, to be very frank i don't know much about the inside stuff.. but i want to give it a start.


I am really confused with so many brokers, I don't want to open an account with a small broker, I want some one established and known. I do not have a demat account and looking for a life time account (which one of these offers), with minimum brokarage. Though i found many threads on this site about the comparisions but im still confused.. Initially i don't want to make huge money but i want to learn trading, then i'll start investing and getting into it. I am not from accounts background and it will take some time for me to read useful threads in the beginners section

I am considering three of them
-- IndiaInfoline
I contacted them they are having a 555 plan and i negotiated to 3paise and 30 paise

-- India Bulls
I contacted them they are having a 900 plan and I am waiting for their call

-- Angel broking
Still to contact them


Kindly suggest me and guide me, and forgive me if my questions are really intial



Many Thanks
Surya

Surya,

Is the 555 plan and 900 plan montly, If so, since you are new to trading...I think this will not suit you.......go for still cheaper plans....

Dear tvrssvk,

they say that both 500 and 900 rs plan are for life time and their are no annual maintainable charges or recurring charges

Go for indiainfoline....

theirs terminal has every facility available on it. Simple and fast. Brokerage is also cheap

well will say indiabulls.
m using it from 2005.
PIB (power indiabulls) is the best piece of s/w (one time fees 750Rs). trust me.....i;ve tested like 3-4 s/w myself & no one can touch pib.

besides 3 pasia & 30 paisa are normal rates......u need not to negotiate for these rates. most of firms are giving 3 paisa & 30 paisa now a days.

also try to get in contact with religare.......they give u interest on money u keep in ur trading accnt. i am using them from last 2 yrs.......their service is not that cool......but no one in whole india gives u money on ur money in trading accnt(AFAIK).
they also ask u to deposit 2500 Rs in advance for a year. then they lower ur brokerage to like .025 & .25 paisa. now u start trading with this rate for year. if u can generate 2500 Rs brokerage (flat brokerage) from all trades (intraday, delivery, F&O), they give u back ur 2500 Rs. this is unbelievable. in case say u generated amount less than 2.5k ( say 2000Rs) then they refund that amount.

As an beginner, you should not be giving much weight to brokerage. More importance should be given to trading platform, guidance from RM, customer care, online documentation/help file.

Don't just jump the gun in hurry.

I have decided it.. im going with India Bulls they are taking initial charges of Rs 900 and a brokerage rate of 20 paise and 2 paisa after negotiation.


I felt it was good ..


Thank you all..

Good move.

Hi,
I am just planning to start trading and wanted to choose a broker with the following criteria
1. Should provide good analysis/research scope (not exactly looking for RM but material,charts etc which will help to understand the market)
2.Should have online browser based trading platform.
3. Good to have mobile software for alerts ,quotes etc
4. Brokerage is not of much consideration as the volume will be very low initially (as low as 1k per month) but I definitely don't want to pay outrageous Brokerage

My main target for next 2/3 months will be to learn trading,technical analysis basics .Please provide your suggestions which firm to choose from.
Thanks.

Please someone reply