Which Demat/trading Account

Discussion in 'Brokers & Trading Platforms' started by prashantsapra, Nov 19, 2006.

  1. prashantsapra

    prashantsapra New Member

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    Hii

    i m just beginer in the stock market and now planning for opening a Demat and trading account...

    since i m student i wont do much trading on daily basis..can u advice me from where i shud open a Demat and trading account in which brokerage is low..depending upon cost benefit analysiss
     
  2. tintin8801

    tintin8801 Member

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    for small investers like me who do not want to play daily, which 1 is the best.....? is icici ok? as i will be doing mostly in the evening , when the market is off!......i am new, pls help
    will invest total around 50,000(max).....
    please sugest.
     
  3. smineel

    smineel Member

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    I will recommend ICICI for both of you since you are begginer.
     
  4. tintin8801

    tintin8801 Member

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    thank u...........so sharekhan and india bull is out!
     
  5. swagat86

    swagat86 Active Member

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    Frnds pls go thru the threads in the forum on the brokers and demat section. Ul know abt several gud and bad features of all the brokers.
    If u trade rarely and small, keep track of the following,
    1) Ur brokers repution abt the Safety of the shares inthe Demat a/c. Always look for Freezing fecility as provided by the NSDL and CSDL.
    2) Well brokerage is always important. Its an expense which if is less u are pofiatble at the cost. look for a brker who charges reasonable. The standard in the Induatry is 0.05%(intrday) and 0.5%(delivery) or Lesser than these.
    3) Thirdly at times of panic u might feel like selling a stock in ur a/c. Well if u ask the RM he wud definitely say "OF COURSE IT WORKS".
    But reality is that at times to pressure many sites go bust. look for reviews in this Section abt this.
    4) Always look for simple and comfortable plus accesable from any place kind of terminal if ur in the market. HElps u in takin quick actions.

    Thanks
    Regards
     
  6. t_aravindkumar

    t_aravindkumar New Member

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    I will recommend ICICI Direct, because it is having 3 in 1 account which will help you to manage your bank account and demat account easily and the transaction statement will be very clear for u, more over brokerage is not so bad.
     

  7. rahul_xa

    rahul_xa New Member

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    as far as brokerage is concerned geojit is good......its simple too......best of luck
     
  8. swagat86

    swagat86 Active Member

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    aha.... 0.7+taxes on both legs comes around 1.7-1.8%.
    Pls dont mind but thats "realy bad" . Because wen u gain say 5% u loose almost 36% of ur gain.

    And When u loose say 4% u add almost 45% extra.

    but say if ur makin almost 50% a Trade need not worry.

    thanks
     
  9. virgopal

    virgopal Member

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    I recommend Usectrade 3 in one a/c by UTI Securities.The site is good,the RM,s are prompt,they have toll free nos, the have phone 2 trade no[when your internet is not working] and brokerage is .05 intraday.You can have zero balance saving a/c with UTI ban/ICICI bank. I am a sort of beginner[as far as online trading is concerned] and I am comfortable.
    Visit www.usectrade.com
     
  10. swagat86

    swagat86 Active Member

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    Dear Vir gopal. Can u tel me a few things.
    1) a/c opening charges.
    2) Do they support BTST?
    3) Which is the SW they are offering, do they provide Odin?
    4) hows the order execution, is it fast and at times of mahjor market movements how does the site react?

    Thanks in advance
     
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