Bank online trading

hmm, informative and confusing..........i had planned to open up in 5paisa, now am confused! should i give high brokerage and anual fees and go with ICICI or should i go with lifetime scheme( rs 555) and low brokerage and take risk with 5 paisa!!

Hi Tintin,

You don't have to be confused. First see what is your requirnment. If it is daytrading then go with some good online trading system houses like sharekhan or 5 paisa no worries. start trading once you start making profits start shifting your profits in to a value investing mode with good stocks. In some good demat account like ICICI or HDFC or someother which ever you feel or think will be safe for you. This POA stuff i know has put lot of investors who are planning long term in some kind of confusion after all eveybody earns with hard luck and work. Long term investing with bank trading accounts will be good for this. Atleast people will not have to worry puting there eggs in one brokers basket it is not advisable atleast in India.

for Trading choose a broker like 5 paisa or sharekhan who ever gives u some good brokerage advantage and speed go and trade...

For satisfaction you can do one thing:

Intraday with a good online trading broker

Profits start shifting like 30% every month or higher which ever you think suites you to a demat accout of some established bank or somewhere else put them in long term investment mode with good scrips.

20% profit in mutul fund

so two broker all you need to hassle free investing.

after experiencing for couple of months if the intraday borker system is not working for you or you are upset with there service move on to some other one but keep your bank online demat.

See its very simple you will get 10 advice in + and 10 in - so
you have to try till you don't fit.

I traded with 5 paisa sharekhan and indabulls mostly all and don't find any wrong with them because i never gave them a chance to do wrong.

its our money so we have to keep an eye rest is all fine tintin...so no confusion dear go ahead...with what you think is right.

Brokers in India "remember no one is perfect with services" as i told before some times it is bound to go wrong...don't stick if there is a problem...

its the same way we put a stop loss on a stock and if we move our stop thinking it might go up then your technical analysis the same moment gone in the dump...if stock falls more who is to blame...
so let there be a stop loss in everything you do....

all the best.

regards,
RN@Equity.

Thanx to everyone for replying and to RN for giving a detailed answer.

one more question to everyone can anyone tell me if you suppose buy and sell stock worth 2 lakhs through HDFC securites how will the brokerage calculated means total how much adding the taxes will go out brokerage+taxes total = ??

can any one give break it will be a big help.

thanks
zeal

thank u @ RN@Equity.

If you open 3-in-1 a/c with usectrade.com,you get zero balance facility at uti bank savings a/c.
cheers

they have annual charges!

I don't think they charge some amount annually for savings account.Have
you confirmed with them? How much they charge?

not fr savings but fr demat.........

Friend,

It depends on what kind of investor are you. If you have good portfolio then it is better to go for integrated account like hdfc or Icici. I am an icici a/c holder trading for the past 3 years.

5000 min balance should not be a problem if you are a big investor. You can see their websites for brokerage charges.

When I opened the a/c HDFC was not there in broking business. So I went for icici. Generally a long term investor need not worry about brokerage. Generally we do not find huge differences in brokerage between players.

generally integrated a/cs are hassle free. if you sell then amount get credited to your bank a/c and shares will be deducted from your demat if you buy then amount will be deducted form your a/c and shares will be added to your demat a/c.

ICIci has lot of atms all over India. I do not know much about HDFC. I think hdfc does not have futures & options trading thru online yet.