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online trading account charges question

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  #1  
Old 4th February 2010, 07:22 PM
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Default online trading account charges question


Hello,

I was thinking about taking an SBi 3 in one account for trading shares.
I am confused about the brokerage charges ( delivery orders) and the buy /sell charges that sbi or any other online broker like HDFC charges.

My present agent ( Sykes and Ray equities) charges me 0.5% for buying any number of shares and an equal 0.5% for selling any number of shares. That thay say is the brokerage charges. Then what is the buying/selling charges ?


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raj07
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  #2  
Old 4th February 2010, 07:50 PM
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Default Re: online trading account charges question

Delivery brokerage is usually 50 paise (0.5%) for buy as well as selling. They are same as buying selling charges. However, these are not the only costs you will incur. You will also have to pay other charges like service tax, cess, stamp duty, exchange turnover charges, security transaction tax(STT), etc.

More info: http://www.traderji.com/beginners-gu...nsactions.html
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Old 9th February 2010, 12:06 AM
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Default Re: online trading account charges question

Quote:
Originally Posted by raj07 View Post
Hello,

I was thinking about taking an SBi 3 in one account for trading shares.
I am confused about the brokerage charges ( delivery orders) and the buy /sell charges that sbi or any other online broker like HDFC charges.

My present agent ( Sykes and Ray equities) charges me 0.5% for buying any number of shares and an equal 0.5% for selling any number of shares. That thay say is the brokerage charges. Then what is the buying/selling charges ?


Thanks
raj07
In my opinion you shouldnt go with SBI....i have heard their platforms and services are not good....
for cheapest and best choose from: -
Ventura
Indiainfoline
Sharekhan - not cheapest but one of the best
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Old 12th February 2010, 11:24 AM
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Default Re: online trading account charges question

one of my friend opened a online trading a/c with free a/c opening charges and not traded at all for the past 20 months he needs to pay any dp charges?.if not paying the Dp charges any chances to take legal action by the broker.please clarify
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Old 14th February 2010, 08:31 PM
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Default Re: online trading account charges question

Quote:
Originally Posted by rajputz View Post
In my opinion you shouldnt go with SBI....i have heard their platforms and services are not good....
for cheapest and best choose from: -
Ventura
Indiainfoline
Sharekhan - not cheapest but one of the best
never go to India infoline , there service is not at good.
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Old 20th February 2010, 04:48 PM
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Default Re: online trading account charges question

any advice on icici and tata? for online trading?
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  #7  
Old 21st February 2010, 01:23 PM
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Default Re: online trading account charges question

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Originally Posted by akhi kashyap View Post
any advice on icici and tata? for online trading?
tata motors is good to buy at the current levels...


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