which broker to choose

#1
hi..
i m new to to trading and wish to do online trading(delivery based) but confused with which broker should i open the demat account. with lots of reading i thought of opening account with reliance money or icici as i have a savings account with icici.
icici is also offering a brokerage og 0.55% instead of 0.75%
which will be best for me?
plz give some details like other charges, user friendly and easy site...
 

bunny

Well-Known Member
#2
If you are a beginner and will be mostly doing delivery based trading, then go with sharekhan, india bulls, angel broking, etc.

Normal delivery brokerage quoted by brokers for small accounts is around 50 paise per 100 (same as 0.5%). You can try to bargain and bring it down to 30 paise(0.3%) if luck in on your side.

Brokerage is not the only expense when trading. Some other costs such as service tax on brokerage, security transaction tax, cess, stamp duty will be also there. More details here: http://www.traderji.com/beginners-g...an-brokerage-stock-exchange-transactions.html

Do not trade with any banks. Broking is not their primary business. Deal only with a house whose primary business is broking. Having a demat where you have savings account makes no difference at all.