New Brunswick Business Daily

In India, which is providing less brokerage charge for all customer and Good Service and No AMC?

I would like to open the demat and online trading account.Atpresent I am using HDFC,I am paying brokerage is 0.5 percent for delivery.I am using investment perpective in share market.Please let me know which one is giving less brokerage and better service.I am not interested Reliance Money because I can't go along with secure id token all times.Please guide.

Public Comments

1. hi mani I think your new to this business otherwise your not going to pay that much brokerage in any case. i have account with indiabullsand i pay .02% for intraday and .2 for delivery. its normal for any new comer to pay that much high price if he didn't do his home work well. now you woke up which is a Good thing of a trader and learner here are my few bits of info and suggestions which may help you. 1} fist thing fist list out how many brokerage houses or brokers you have in your city or near to you. choose only big names who have Pan india presence and have online trading facility. 2} give them a visit and behave like a innocent guy who don't now any thing about trading ask them questions which you already now the answer and you will now what kind of person is he your dealing with. Tel them that your new to the market and its fist time your opening a account with any broker. 3} when he finished telling you every thing and i mean brokerage, trading software, AMC etc. now its your turn to blast the bomb. now tell him that your in the market since 1 and1/2 years with HDFC and your paying the brokerage. 0.03 for intraday and .3 for delivery and you want to change your brokerage firm. you trade once a while only if you find good trades available and you trading turnover is not that much high,even then the rival brokerage house it is offered the brokerage .02 and .2%. give a last Punch line that your a Professional trader and your going to stay in the market more then any one else around here and your always ready for a good deal, and give him your number to contact Wish him say good things and turn your back. that's it you did it and you will find lots of good deals in this way but choose the honest one as RM don't get trapped for there offer of extra service like tips analysis etc. let me whether it helped you or not warm regards Ali