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| Discuss what are the quastion shuold i ask to a broker b4 opening a A/C ? at the Brokers & Demat Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; hi This is Ali from hyderabad a new bee in trading world. wrigth now i ... |
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#1
23rd November 2007, 02:47 PM
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what are the quastion shuold i ask to a broker b4 opening a A/C ?
hi
This is Ali from hyderabad a new bee in trading world. wrigth now i am in the propcess of opening a A/C. so will seniors please tell me and new bee's like me what are the quastion we should ask to a broker ? waiting 4 replay-Ali 
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#2
24th November 2007, 10:38 PM
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Re: what are the quastion shuold i ask to a broker b4 opening a A/C ?
Quote:
If he is spelling NEWBIE and QUESTION... dump him... He will fool you! I told the fact!!! Now take the decision! More soon friend...Please try to make a spell check before posting!
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#3
25th November 2007, 12:09 AM
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Re: what are the quastion shuold i ask to a broker b4 opening a A/C ?
I can think of the following that I asked mine ......
Correct me if I am wrong friends! a. Account Opening charges (Fresh Demat accounts) These are normally about 500-750/- and are one time only. These also include the first year Demat account charges. Second year on, about 250-300/- is charged towards Demat maintenance charges; something that your brokerage firm has to pay Depositories such as NSDL or SDSL. b. Yearly Demat charges (Second year on) c. Delivery Brokerage charges (also called BTST or Buy Today Sell Tommorrow) Typically includes two legs: Buying and Selling. Both are normally charged. Charges vary from 0.40% to 0.75% exclusive of SEBI transaction tax, Service Tax etc. E.g. 0.40% brokerage means 40 paise for every 100 rupees trade that you do online. If you buy a share worth 100 rupees today and sell it tommorrow, they will charge you approx 40 (buy) + 40 (sell) = 80 paise + Service charge etc. d. Intra-day Brokerage charges (also referred to as Square-off deals) Typically includes two legs: Buying and Selling. Most brokers charge only one leg. i.e. only buying or only selling. e. Whether they'd give you a HTTP web page Login or whether Client software is given. Client software, if provided, requires minimum monthly brokerage committment or advance brokerage payment. Check their Terms & Conditions very carefully. f. Which Banks does the Brokerage firm have tie ups with? Having a savings account in one of the tied up banks will ensure speedy (almost instantaneous) money transfer from savings account into Trading account for Share trading. If you use a non-listed bank with a given brokerage firm, it might take you days into weeks for the money transfer to reflect. This can be critical. I think that's about what you need to clarify. There might be more, but its possible a rookie like me might have missed out on the same. Do ask our Money Gurus out here for their sound judgement as well. All de best ahead .....
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#4
30th November 2007, 11:24 AM
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Re: what are the quastion shuold i ask to a broker b4 opening a A/C ?
thanks logmein,
senior's, your comments please,
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#5
30th November 2007, 12:03 PM
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Re: what are the quastion shuold i ask to a broker b4 opening a A/C ?
If your RM is a lady, you are lucky!
If your RM has father, mother, sister, wife kids, grand father, grand mother... you are lucky! If your RM is unmarried, you are unlucky! If your RM has girlfriends...You are way too unlucky!!! Think and act! THIS IS TRUE FOR THE LOCAL broker!!!
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#6
3rd December 2007, 04:08 PM
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Re: what are the quastion shuold i ask to a broker b4 opening a A/C ?
Hi,
to all trading friends , i am very new to this field, i have not yet opened Dmat account can any one provide me some tips how to proceed, u can mail on manjunat.rammohan@*****.com
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#7
5th December 2007, 12:23 PM
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Re: what are the quastion shuold i ask to a broker b4 opening a A/C ?
hi manjunath
well come to traders world. my suggestions to you are, 1] start with basics and keep learning, 2] b4 opening aaccount have your trading plan in writing 3] paper trade your trading plan, see is it working as want or not, if not see what is missing ect,,,, 4]the most important have a stop loss i am palcing alink here follow it, and keep learning ---Ali http://www.traderji.com/beginners-gu...on-centre.html
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#8
5th December 2007, 01:09 PM
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Re: what are the quastion shuold i ask to a broker b4 opening a A/C ?
hi every one
go thro this article use full for new bee's http://www.thehindubusinessline.com/...0300431300.htm -ALI
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