Hello everyone,
I have been lurking around this forum for a while and I have to thank you all for all the valuable lessons I learned around this forum. I currently trading using ICICI and lately finding myself very limited with ICICI. So I am looking for a new broker. I know everyone needs a broker to fit their specifc style. Though I dont need any money out of trading for my living, I would like to consider it as my primary business. Also I will be sitting ideal around my computer during market hours. I would be in the trade from a few days to few weeks.
I have read the thread 'Confused - Sharekhan vs Icicidirect vs Hdfc vs Kotak vs Indiabulls vs 5paise' but its pretty outdated almost 3 years old.
From my basic research and for my needs, I came to the following conclusion.
1. Broker should have a standalone software with real time charting and quotes.
2. Brokers with direct access to Market preferred.
3. Brokers with good customer service (Basically on a disaster day, there should be someone to pickup the call)
4. Brokers with low-commission rate (I would be trading around 25Lakhs per month, also please mention the final brokerage cost along with taxes if possible).
5. Should be hassel free to transfer money in and out from Bank account (if there's a preferred bank for a broker, I can open an account in that specific bank).
6. I don't need any trading tips, tricks etc from the Broker.
Please feel free to reply back if you think your broker would be a good choice. Also please let me know if I should be looking for any other specific criteria from a broker.
Help much appreciated,
Thanks,
Vairam.Ed
I have been lurking around this forum for a while and I have to thank you all for all the valuable lessons I learned around this forum. I currently trading using ICICI and lately finding myself very limited with ICICI. So I am looking for a new broker. I know everyone needs a broker to fit their specifc style. Though I dont need any money out of trading for my living, I would like to consider it as my primary business. Also I will be sitting ideal around my computer during market hours. I would be in the trade from a few days to few weeks.
I have read the thread 'Confused - Sharekhan vs Icicidirect vs Hdfc vs Kotak vs Indiabulls vs 5paise' but its pretty outdated almost 3 years old.
From my basic research and for my needs, I came to the following conclusion.
1. Broker should have a standalone software with real time charting and quotes.
2. Brokers with direct access to Market preferred.
3. Brokers with good customer service (Basically on a disaster day, there should be someone to pickup the call)
4. Brokers with low-commission rate (I would be trading around 25Lakhs per month, also please mention the final brokerage cost along with taxes if possible).
5. Should be hassel free to transfer money in and out from Bank account (if there's a preferred bank for a broker, I can open an account in that specific bank).
6. I don't need any trading tips, tricks etc from the Broker.
Please feel free to reply back if you think your broker would be a good choice. Also please let me know if I should be looking for any other specific criteria from a broker.
Help much appreciated,
Thanks,
Vairam.Ed