Pls suggest good broker

[ursvenky]

Hi Friends,
I have littele experience with stock market and online trading. At present I am using ICICI direct for transation. As you all know their brokerage is too high I would like to switch to some other broker.

My requirements are as follows

1. Annual transation are around 3 to 4 lakhs
2. Mostly through delivery, 1 or 2 F&O transation per month, 5 to 8 intra day transation per year
3. Web-based terminal is sufficient for me, does not care about separate application and live quotes
4. Should not be any commitement (Minimum transations per month)
5. Brokerage should be minimu
6. Good customer support and resaerch reports
7. Mainly no un-authorised transactions, No foul play

I am thankful if you can suggest some brokerage house. I looked at many threads on this forum, most of them are talking about aggressive traders (I mean transations around 10 lakhs or above per month). So please suggest using my requirements

 

[ghosh_ak34]

Try sharekhan / motilal oswal / anand rathi.

Regards

 

[[email protected]]

I will suggest you to switch Reliance Money.

 

[ursvenky]

it seems reliance money software is not good. Could u clarify why u r suggesting this? I am from bangalore so I am not sure whether anand rithi has good network here? Some people mentioned motilal oswal response is not good. Could u clarify why u suggested share khan or motilal oswal?

 

[kuriako]

7. Mainly no un-authorised transactions, No foul play

If this has priority then stick with ICICI!

 

[james]

Hi Venky,

what is the procedure to change the demat account? these days PAN is attached to it so i believe its not going to be easy to switch.

how about the holdings in current demat account, how are they taken care of?

I am very upset by the service of ICICI so want to change.

 

[sadashiv]

dear james,

( NO NEED TO CHANGE DEMAT ACC. ) you have 2 option

1) change broker. open new online trading acc.they will offer you new Demat acc.free of charge (you can have as meney as demat acc. you want.) your PAN no. will be the same for all demat acc.
and transfer your shares from ICICI direct demat acc. to the new one.

2nd) sell your all the shares and get money out of it, close your acc. with ICICI direct
open new online trading acc.WITH NEW BROKER
and buy the same shares at lower price you have sold earlier.

any quiry mail me :- [email protected]

happy trading

 

[ghosh_ak34]

ShareKhan provides good service. Like it provides trading terminal if you pay Rs6000/- per annum towards broakage as advance. brok. is as low as 25 paise. Motilal Oswal also provides terminals, their tips are based on good research and I am finding them quite useful.

Regards

 

[james]

Hi sadashiv

Thanks for the information, it is really helpful to me.