what are the quastion shuold i ask to a broker b4 opening a A/C ?

#1
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 :)
 
#2
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 :)
Ask him the spelling of these two words!

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!
 
#3
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 ..... :)
 
#5
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!!!