which broker the best for 5L in short term trader

#1
hello all

I have read all of the forum by now for brokers and their brokerages, infact, now i am tired......so please help me out, this is my first question in here...

which broker is the best for 5Lakhs used in short term trader technique...


I have a turnover of 1 crore every month (500000 x 20)
as i do buy transaction at least 10 times in a month and sell 10 times......correct me if i am wrong..

sometimes i have to accept delivery's (DP/SR) because i follow stop loss, but somehow market sometimes opens below my triggered stop loss......

please let me know the lowest possible brokerage that i can get for delivery's.

I prefer a plain web interface to trade or invest. I dont trust any software like odin at all.....lot of reasons for that

thank you for ur time
 
#2
I forgot to tell my experience so far.............

I have account with sharekhan, they are good, with 99% uptime of their servers and normal or say average speed of order execution. one cant complain about sharekhan, but the fact is, i need lower brokerage in less prepaid fee

have heard about angelbroking, they are better than sharekhan in all aspects, they have better brokerage structure, in fact, they have made their brokerage structure same as sharekhan, but a bit more cheaper, so no use to move for less profit

[Interactive Brokers] Better technology than anyone... I heard so, and I believe it too, as they are not from India, they must be better :D .... but yet to check their brokerage structure

heard a lot of bad reviews about reliancemoney, religare, indiabulls, 5 paisa

i want to know about R K GLOBAL i hear they have 999 a month fee and all is free......or Rs. 9 per transaction, but is it valid for delivery too?........ please let me know your view or experiences
 
#5
i like thrills and excitements, also i wanna do it on my own always, nice option u reminded, i will check about it, but for now, let me know about my questions.... ty
 
#6
You can try Sharekhan Plan platform for trade. But yheir service at Trivandrum is not good. If in your place the service is good you can try them.
Except service and recommendations all the rest with share khan is good.

SA
 
#7
thanks, yea i also have sharekhan account, they are good, but angelbroking is comparatively better.

I needed a very low brokerage, like R K GLOBAL have only 9 rs per executed order, such other brokers names i needed, and their experiences too

I am going to open an account with R K GLOBAL today, let me know your experiences everyone...

ty
 
#8
All the best. We ,in Trivandrum doesn't have an office of RK Global
Pl inform after opening the account with R K Global with the details of ther charges.
SA
 
#9
R K Global offers 9 rs. per executed order

means if u purchase 100 shares of j p associates at 242 then 100 x 242 = 24200 is total in amount that u purchased, and u pay Rs. 9 to R K Global for this purchase...no % in it, just flat rate

same for selling

so i have sent courier to them to open account, they dont have office in my city also, but we can open account using courier service, or personally go mumbai or hyderabad delhi etc

i just hope they are legit and have uptime during markets, and they dont stop the firm
 
#10
I thought RK Global charged Rs 9/lot.

So if you traded 5 lots of Nifty, then the brokerage should be Rs 45 as you have traded 5 lots - Not Rs 9/per order. Atleast this is my interpretation of RK Global's charges.

I honestly think brokerages should not matter a whole lot when it comes to intraday trading. Your strategy, whatever it might be, should be so foolproof that a 3 to 5 point slippage in Nifty brokerage and trade execution MUST not affect your profits by a huge margin. If this is the case, then it is time to revisit the trading strategy.

R K Global offers 9 rs. per executed order

means if u purchase 100 shares of j p associates at 242 then 100 x 242 = 24200 is total in amount that u purchased, and u pay Rs. 9 to R K Global for this purchase...no % in it, just flat rate

same for selling

so i have sent courier to them to open account, they dont have office in my city also, but we can open account using courier service, or personally go mumbai or hyderabad delhi etc

i just hope they are legit and have uptime during markets, and they dont stop the firm
 

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