Bank online trading

Hi All
am a seasonded investor that means I am a short term and a long term investor but I was holding my shares in a local broker account now
I want to shift to a online demat account as i will be going for a 3 in one account of a bank so please suggest me what is the best option for me I have choosen following ones

ICICIDIRECT
KOTAK Secuties
IDBIPAISABILDER
HDFC SECURITES

what do you people think as many are there who has used either of one which one will be good for online investing for short and long term and brokerage will be fine...

any comments

thanks

thumbs down for the first and last, no idea about others.

waiting fr seniors to coment

Haven`t you heard about Reliance Money. Open account with them. Call 9311275266 , 9311275267

dear zeal,

pls take all advice about brokers with a pinch of salt as there may be some people marketing the same here. go to extensive threads by other users in brokers and demat sections and read through them and decide for yourself.

happy trading

r trade is not clear about the deals fr low vlume/amount customers.......prepaid cards are of large denominations and requires trading a lot to get it exhausted.........i guess no life time scheme anounced till date by them!!.......and no scheme like post paid, where i just pay the brokarage amount only when i make the deals......without pre commitments!!
pls coment

regarding bank acounts, u need to keep min balance in any bank u open a acount!! and to make online transactions u need to have acount in ICICI/UTI/HDFC all req 5000 as min!!! and yes i dont know if sharekhan, indiabulls, 5paisa suport any other banks/nationalised banks!! but if they do, then also u wont be able to transact online!!
coments awaited.

can u give details about uti min 500 acount?

regarding icicibank student acount, will they allow trading using that kind of acount?
salary acounts can only b opened by the employer and not employee!!

IdbiPaisabuilder bank account IDBI requires 1300 min balance 0 balance only in case with type ups.

Like Geojit has tie up with UTI it is 0 balance for geojit customers

zeal,

Kotak securities is mostly for traders and high net ones. Your idea it seems to hold for longer periods.

if your requirment longterm and short term with bank demat

then only two choices in front of you

Stable and long term saftey for pople like you who invest for long term appreciation is

HDFC and ICICI

HDFC only NSE ( no idea if BSE available if any one has any idea then do reply)

5000 quaterly balance in both if you have corporate account then fine

ICICI BSE and NSE both

only disadvantage ICICI is very huge customer base more than 10 lakh demat
HDFC same segment in coming years

brokerage and other thing is expensive still you have to comprimise somewhere

if you look into market and play it safe then pick any one out of these two

UTI securties has type up with Geojit for selling and buying but demat is with UTI so can consider them too..

IDBI paisabuilder is new and will take time to establish market is tight and winning customer is not easy for any one now a days....

if you want a Hassle free investment and total saftey 100% and if staying in Delhi then you can look for ELITE stock mangament they don't have a good online trading system but if you opt for there branch trading one then good advantage is that they don't take POA so ur stock is in safe deposit mode in NSDL...even if they go broke or bankrupt still no POA so ball in ur court only thing is that they in Delhi itself and you have to look for there branch near by because after every sell you need to submit delivery instruction slip as POA not involved.

Brokerage 0.5% intra 0.05% negotiable till 0.03% fix high volumes then .02

If only bank you want then

HDFC and ICICI is the only choice.

so think over it always remember before choosing a broker they must not be new in market if new then must have solid financial background ......or a part of some good big group so that you can keep an eye on there financial performance every quarter and year and is visable in the market......

Money once lost with brokers it will be tough to regain it.

All the best.
regards,
RN@Equity

Thanks a ton to eveyone for giving there valuable views.

yes i think i will go with HDFC for long term planning in mutual funds and stocks

has anybody checked this broker and there charges for intraday if yes pls give ur views.

http://www.networthstock.com/