Need online demat account for both equity and commodity trading.
- Thread starter anirudh
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singenaadam
Innovator
There are a few companies like IndiaBulls that provide the service. The service quality depends on your location, some places it is good, some not so good. Probably you may to try out a few demos of the platforms and then decide the interface that you are comfortable with.
Indiainfoline is really good for intraday & FnO.
I was charged 1paisa for intraday (1p / trade) Means charge was only 1 way. on the higher rated trade. Some brokers charge for both buying and selling.
Delivery 0.5Paise. though I never used this account for Delivery.
Options: Rs25 per lot. This is also 1way. earlier it was both ways but I negotiated since my trading volume was very high.
IIFL gives a exposure of anywhere around 4 - 20 times. Their trading application is good but can be used on max 3 registered machines.
I even had a full time support online on Yahoo messenger and on the phone to take care of my orders.
Sharekhan is good for deliveries. They charge me 0.25P brokerage. I don't do any other kind of trading on this account. Only deliveries.
My advice: Stay away from intraday trading. Infact In today's market conditions stay away from trading itself.
Reason for what I said above: My personal exp inside few broker houses and to what extent trading is fixed. Cant let more details out here. But finally the decision is yours.
The most imp thing is trading is to have good <scratch that> Very Good self control. To be patient and not panic and have the guts to bear loss if your SL is hit. NEVER trade without a SL No matter how sure you are about your trade. Rep if you find the info useful...
I was charged 1paisa for intraday (1p / trade) Means charge was only 1 way. on the higher rated trade. Some brokers charge for both buying and selling.
Delivery 0.5Paise. though I never used this account for Delivery.
Options: Rs25 per lot. This is also 1way. earlier it was both ways but I negotiated since my trading volume was very high.
IIFL gives a exposure of anywhere around 4 - 20 times. Their trading application is good but can be used on max 3 registered machines.
I even had a full time support online on Yahoo messenger and on the phone to take care of my orders.
Sharekhan is good for deliveries. They charge me 0.25P brokerage. I don't do any other kind of trading on this account. Only deliveries.
My advice: Stay away from intraday trading. Infact In today's market conditions stay away from trading itself.
Reason for what I said above: My personal exp inside few broker houses and to what extent trading is fixed. Cant let more details out here. But finally the decision is yours.
The most imp thing is trading is to have good <scratch that> Very Good self control. To be patient and not panic and have the guts to bear loss if your SL is hit. NEVER trade without a SL No matter how sure you are about your trade. Rep if you find the info useful...
What makes you say that IIFL is just a local broker... Just check out the no of listed companies where Nirmal Jain has a controlling share... IIFL is a big player... After looking at my volumes even Sharekhan was ready to offer me the same rates but I had some bitter exp with Sharekhan in the past so I stayed away.... Though I still use SK for delivery based trading...
The initial brokerage provided will be similar with any broker house... Its only after you assure them a certain volume/turnover the rates are negotiated. IIFL has a dedicated person online and on phone with you thru the complete trading session time. @anirudh if you are in Pune go for IIFL. Like you are saying you would not be trading everyday then I would suggest that you inquire locally with your friends / colleagues which account they use and find useful.
A friend of mine is using Indiabulls and pays higher brokerage than me just coz he is impressed with his RM(relationship manager) and the tips he provides. @dinjo : I dont mean to cross you but this is my observation abt IIFL. Infact just check the graph of a company Prism Informatics from Dec 2009 to Dec 2010. If you wonder how that happened then the answer is Nirmal Jain
Rs 7 to Rs475 in 13months.... coz he owns almost 30% of the open market shares in that company.
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