Online Trading Account

Hello,

A friend of mine is looking to open a demat account with online trading facility.

1. She is NOT a frequent trader
2. Prefers investing in buy-and-hold fashion (seldom sells!)
3. Definitely NOT a day-trader
4. Needs the faclity to apply for IPOs online
5. Prefers a web-based client that will work behind corporate firewall
6. Prefers an online account that can be used from abroad when going on short-trips

Please suggest on her options. Cheaper the Better

I know, there are some posts/threads available providing nice pointers. Still, nothing like a custom-made solution

Cheers,
Ramesh

IL say ICICI drect. With some problems solved they can be the best Brkrage house in India. and all such fecilities that ur frnd wants can be got.


Any other query?

Hi Ramesh,

Looking at your friend's requirements, I too would suggest ICICIDirect. Very convenient, hassle-free trading, and probably the only one which works behind corporate firewalls. However, its the most expensive in terms of brokerage, but since your friend has a buy and hold strategy, it doesnt matter too much.

Cheers,

Pranay

Thanks a lot for taking the time-off to reply!

Looks like ICICI Direct is a good choice. Just curious about these other options... how do they compare against ICICI Direct?
1. Kotak Securities
2. HDFC Securities

I believe Indiabulls, Sharekhan and 5Paisa do not support web-browser based online trading. Please correct me if I am wrong!

Thanks Again!
...ramesh

My frnd u can just browse thru other threads and posts to Get an idea abt other Brokers.

Thanks