BEST DEmat account

[ranj_2k]

I experienced late execution of order only once or twice in last six months in Reliance Money A/c. But they do not sell before deadline 2:45 PM also in case of margin. If you are buying and selling against delivery they don't square off automatically. However, I could not get delivery of shares twice and got the auction amount against the same. If one uses insta trade then it is better than ICICI. Cost-wise it is much much cheaper than ICICI.
If you bought a card of Rs.500, you got the limit of Rs.100 lacs (90 lacs margin / F&O + 10 lacs delivery). Your total cost comes to around Rs.5000 including all taxes. However, in case of ICICI it will come to around Rs.15,000.
There is a net saving of Rs.10,000 on account of brokerages and taxes which is big amount.

 

[deepakji]

If you are new to trading and try to trade frequently on icici direct you will make more money for icici rather than youself.

 

[rrs]

You ask any of the Online Trading Provider they will be talking of 2.5/25, 3/30, 5/50 5/75 paisa brokerage (Intraday/Delivery). But RelianceMoney charges you flat 1 paisa for every order you place. You save on brokerage and subsequently you also save on ST+ES (13.36%) in case of RelianceMoney. Their IntsaTread facility gives streaming quotes. ICICIDirect does not give any comparable feature (i mean streaming quotes). InstaTread (RelianceMoney) facility is boiled down replica of Treader's Terminal like ODIN. It gives live quotes but does not give charts the way ODIN gives. ODIN (or similar) is provided by 5Paisa, MarwadiOnline, Geogit, Angels and many more.
Do anyone knows any URL where a list of all online trading service provider is available. Comparative study in terms of charges (onetime and recurring and brokerage etc), services provided (like as Comodity, IPO, Overseas Trading, Forex etc), with details are provided and maintained on ongoing basis. (Site admin of TraderJi may note the point).
I know one article of interest http://www.rediff.com/money/2007/jun/11broker.htm
BTW this is my first posting on this site.

 

[sanjugalande]

friends frim last 2 yrs i am using kotak sec. they are quit good. back office is very stong .their site is also very simple for new people
but their helpline is always engaged.now a days they sends sms every day of ur trade. regarding brokrage they are fair equ. to others . 30rs maint chrge per month.since i am small trader it not matters me a lot. their exposure is less (at least for me).their keat is slow(i am using bsnl broadband).....

just few months i opend a/c with 5paisa. their brog is good and gives 5-6 times exposure(wich inspire me for active day trading).they also sends sms,contrac notes without fail. web based software is very god and simple(kotak's web soft is best and very smple). after reading posts just before i come to know they ives odin fre instaltion,..2marow i going to ask agen.
i like autoupdate and charts soft. for daytrading ..hope i get it from them

all above is my personal views, not aimed to dishouners anyone

 

[rider.royal]

how is motilal oswal?? anyone tested that??

 

[ravigadani]

any idea about Motilal Oswal house as a demat and trading account???

 

[reachankitbansal]

Sharekhan is best, it provide u with software which is very useful in trading.

 

[alapatik]

Never go for SBI/Oswal demat account. I have never experienced such a WORST in my life. It's been more than 3months since I applied, but still I haven't received my online account yet. I would suggest everyone not to go for SBI or Oswal group.

 

[sanjayt]

For only Demat with offline broker prefer icici or kotak this way ur shares are safe other wise the brokers are risky they make u sign the pool a/c agreement and there is the game your shares are used by these brokers.
So take care
esp long term investors

sanjayt

 

[jamit_05]

Point of view regarding best.

Hi All,

Keeping in my the current scenario one is best adviced to be careful. It is in such times that scams, wars, etc happen. With that in mind a person who buys equity for long term has to be doubly protected.

I have come across many a person who has complained about shares vanishing from their demat accounts (No, these are not rumors... its real!). With that in mind, being an investor, I would like to return to innocence. It would be nice to have shares in physical form lying in my locker. Or any other more reliable way of holding onto my stock. I do not want my holdings to be at the mercy of a few keystrokes.

If someone has any ideas regarding this front pls post. Can I still get shares in physical or convert them? I am sure it will be of great help to investors. In such times, it is best to be doubly secure.

Besides this is India. Even if you manage to grab the culprit (who actually will only be a scapegoat) and drag him to court, then more than him you will suffer.... cuz you are single he will be a part of an organization sitting on a bundle.

Just my line of thinking: better to be doubly safe than sorry.

Amit.