Originally Posted by biswa
Hi Viren
Sorry for the delay ..........as i was travelling.
1.Locality of Business : NOIDA UP
2. Primary or Secondary Business: STOCK TRADING
3. Max. Target Clientele- Day Traders, Long term investors, a mix of both-
3.Max Type of target clientele - HNI's, Retail Inventors, Day Traders 5 HNI with 1.5 Crore capital.
4.Do you have an existing client base or a Sub Brokership if yes with who NIL
regards
Biswa
Hi Biswa... It's alright Happy to help
.
I'm assuming its going to be you're primary business. AS I can see you're focus clientele wouldn't be Retail long term investors, which doesn't mean you won't have them at all, just that you're focussing on the larger yielding clientele. Well the Bigger brands are out then.. For Example: Motilal Oswal, Share Khan, Kotak, etc. For a Few reasons :
1. Most Large Clients & Day traders may already have A/C's with these guys.
2. You would need to price yourself competitively to acquire you're target Clientele as they would probably already have a fairly low brokerage rate. So the Bigger Brokers wouldn't be able to provide the same.
3. Limits would always be an issue.. they are extremely strict on Limits.. It's Difficult to service larger Clients. (Mind it we need to be safe in our transactions but at the same time maximize revenue by keeping a very active watch on positions)
Brokers you May Look out for:
1. Angel Broking.. No matter what ppl have to say its pretty good service the only problem is that they have an outlet in every nook & Corner.
2. Inventure Growth & Securities.. Good People to deal with. Only issue you may not have a regional Office in the vicinity, rates are fine.
3.Mangal Keshav Sec.. Good with Limits Brokerage rates are fine
4.CD Equisearch.. Good with Limits have been doing a bit of TV ads off late. I'm not sure about the rates, they should be fine too
5.Techno.. Good with Limits Rates are also fine.
Just Weigh the above options, Angel may not be the best idea as its got too many outlets its just an option incase u want a brand to work with, which really doesn't matter nowadays though.
Check with the other guys, let me know if you need any more help on this one. Every broker would offer you a few benefits more than the other just don't let the free stuff fool you, if its an established broker providing decent leverage & good brokerage rates a few samller charges here and there should't be the factor for not considering him &
Vice Versa.
Most of these guys are Mumbai based Brokers, trust me you do not want to deal with brokers based in Delhi for sure.
Best Wishes,
Viren
