Best Demat, Trading Account?

Best Demat, Trading Account?

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Deal Subedar
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I currently have Kotak account which charges significant maintenance fees.

My uses are –
Buying IPO – Frequently
Stock (equity) trading – Sometimes
Holding stocks – Always
Commodity / Forex – Never

Which trading / demat account do you guys suggest for me?

48 Comments  |  
20 Dimers
 20170305 121502
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How much charges
And broking

Ori
Deal Major
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Don’t know about IPO, rest things can be smoothly done with Zerodha https://cdn2.desidime.com/assets/textile-editor/icon_smile.gif


You can also get your full brokerage refund (excluding taxes) if you make Re.1 profit (means no loss) in 60 days. After 60 days you can start this again and get full brokerage refund again by continuing this challenge https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

  • Brokerage reversal will be capped at a maximum of Rs. 6000 per challenge.
  • The challenge is to trade any or all of equity and F&O, commodity, or currency, and come out profitable at the end of 60 trading days.
Hamster
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Zerodha is one of the worst broker in market. Whomsoever is referring them has not faced the real music yet. And yes, I’m with zerodha when they didn’t even had 100 customers..

If your holdings are high, keep with a regular broker like kotak, iifl, share khan, angel or banks like pnb or any psu. Saving some petty amount and letting zerodha play on your money in prop trading is much riskier than paying little extra and getting a broker who wouldn’t go bust by doing trading on your money and shares.

PS – please google prop trading zerodha and check the reality. You risk your money so zerodha makes money for themselves. Brokerage is just mask they have put to get more margins, more clients. Real money is by doing prop trading for themselves.

 20170305 121502
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marketdimer wrote:

Zerodha is one of the worst broker in market. Whomsoever is referring them has not faced the real music yet. And yes, I’m with zerodha when they didn’t even had 100 customers..

If your holdings are high, keep with a regular broker like kotak, iifl, share khan, angel or banks like pnb or any psu. Saving some petty amount and letting zerodha play on your money in prop trading is much riskier than paying little extra and getting a broker who wouldn’t go bust by doing trading on your money and shares.

PS – please google prop trading zerodha and check the reality. You risk your money so zerodha makes money for themselves. Brokerage is just mask they have put to get more margins, more clients. Real money is by doing prop trading for themselves.

Share some link

Hamster
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OnlineBewda wrote:

Share some link

Google is not that difficult. Dozens of material there online most significantly from zerodha itself boasting about prop trading. On our money.

Ori
Deal Major
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marketdimer wrote:

Zerodha is one of the worst broker in market. Whomsoever is referring them has not faced the real music yet. And yes, I’m with zerodha when they didn’t even had 100 customers..

If your holdings are high, keep with a regular broker like kotak, iifl, share khan, angel or banks like pnb or any psu. Saving some petty amount and letting zerodha play on your money in prop trading is much riskier than paying little extra and getting a broker who wouldn’t go bust by doing trading on your money and shares.

PS – please google prop trading zerodha and check the reality. You risk your money so zerodha makes money for themselves. Brokerage is just mask they have put to get more margins, more clients. Real money is by doing prop trading for themselves.

Most discount brokers do that https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

The best you can do is to never park your money in trading account.

@Bewda – Here is complete article explaining everything:
http://www.chittorgarh.com/article/prop-trading...

Hamster
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Original wrote:

Most discount brokers do that https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

The best you can do is to never park your money in trading account.

@Bewda – Here is complete article explaining everything:
http://www.chittorgarh.com/article/prop-trading...

And that is why sebi has made it mandatory to disclose if broker indulge in such activity or not. So better don’t go with discount broker at all if someone is not into frequent trading or has high holding, like the thread opener looking for. One size fits all doesn’t works in brokering firms. I have finvasia for IPOs and daily intradays but won’t recommend them, was using zerodha for delivering holdings into my kotak demat. Since I’ve sold all stocks, I’ve closed my kotak account as well. When need will arise for holding stocks I’ll choose some reputed broker and not zerodha who can bust any day if algo trades go hayware some day. https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

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marketdimer wrote:

Google is not that difficult. Dozens of material there online most significantly from zerodha itself boasting about prop trading. On our money.

Only Cash is Unsafe not Holding Right ?

Hamster
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OnlineBewda wrote:

Only Cash is Unsafe not Holding Right ?

Holdings too. They all rely on algo trades. Most discount brokers do so and have scalpers, algo traders, computer geeks in prop trading. And suppose there’s a war break out between America and India or some prominent leader dies or a scam unearths. All the algo trades will either hit stop loss or go into deep losses. Chances are that broker will go bust and bankrupt. Since most brokers these days have own demat service, they might get shut down too and things get worse from here. Stock exchange will pass the batton to depositary, cdsl or nsdl. They have unique way of dealing such cases. If you complain, you show all proofs and fight own battle, if chances are bright you’ll win in few years if not decades. Luckily there’s a pool of fund for all investors where from every trade, every license and every stuff a broker does with depositary, they submit this small amount for all investors. When someone goes bust and customer fights, the amount of stocks he holds will be paid from this pool. But how much time it may take in resolution is uncertain. People are fighting cases since harshad mehta scam against brokers who couldn’t deliver stocks people paid for or had in demat. Another aspect is fno players. If a broker goes bust, they will not able to square off. Since they are liable for trades they opened, they’ll have to pay for whatever loss they suffer to nse or bse. Recently few brokers like amrapali astha closed shop all of a sudden. People found most of the stocks were sold or pledged using power of attorney and fno guys were not able to square off and went to become beggar due to margins they were playing with. So you have chances of broker closing shop, using power of attorney, pledging shares, blocking funds to misuse and what not if one fine day something unusual happens or people come to know.. it’s matter of time. https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

 20170305 121502
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marketdimer wrote:

Holdings too. They all rely on algo trades. Most discount brokers do so and have scalpers, algo traders, computer geeks in prop trading. And suppose there’s a war break out between America and India or some prominent leader dies or a scam unearths. All the algo trades will either hit stop loss or go into deep losses. Chances are that broker will go bust and bankrupt. Since most brokers these days have own demat service, they might get shut down too and things get worse from here. Stock exchange will pass the batton to depositary, cdsl or nsdl. They have unique way of dealing such cases. If you complain, you show all proofs and fight own battle, if chances are bright you’ll win in few years if not decades. Luckily there’s a pool of fund for all investors where from every trade, every license and every stuff a broker does with depositary, they submit this small amount for all investors. When someone goes bust and customer fights, the amount of stocks he holds will be paid from this pool. But how much time it may take in resolution is uncertain. People are fighting cases since harshad mehta scam against brokers who couldn’t deliver stocks people paid for or had in demat. Another aspect is fno players. If a broker goes bust, they will not able to square off. Since they are liable for trades they opened, they’ll have to pay for whatever loss they suffer to nse or bse. Recently few brokers like amrapali astha closed shop all of a sudden. People found most of the stocks were sold or pledged using power of attorney and fno guys were not able to square off and went to become beggar due to margins they were playing with. So you have chances of broker closing shop, using power of attorney, pledging shares, blocking funds to misuse and what not if one fine day something unusual happens or people come to know.. it’s matter of time. https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

WAh wah Irshad 👌👌👌👌👌

Hamster
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Thing is, brokers defaults, it’s not unusual. People don’t know since there are not much active traders who could complain. Allegedly, many brokers have seen getting kicked out like Karvy, the biggest broker once, lost it’s license since they were trading on customers money. Uni trust indulged in IPO racket Edelweiss lost license once because they misused power of attorney. India Info opened fake demat, one did this, another did that. How many of these you knew? No one is safe here. That’s why trust a broker who is honest at face value and has dedicated aim of broking only. Baaki aapka sabka paisa. https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

Missing
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Original wrote:

Don’t know about IPO, rest things can be smoothly done with Zerodha https://cdn2.desidime.com/assets/textile-editor/icon_smile.gif


You can also get your full brokerage refund (excluding taxes) if you make Re.1 profit (means no loss) in 60 days. After 60 days you can start this again and get full brokerage refund again by continuing this challenge https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

  • Brokerage reversal will be capped at a maximum of Rs. 6000 per challenge.
  • The challenge is to trade any or all of equity and F&O, commodity, or currency, and come out profitable at the end of 60 trading days.

this is interesting.

Missing
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Original wrote:

Most discount brokers do that https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

The best you can do is to never park your money in trading account.

@Bewda – Here is complete article explaining everything:
http://www.chittorgarh.com/article/prop-trading...

What it is mean don’t park money in trading ac ? We have to keep balance in Zerodha there to buy shares if u need urgently na ? Hello, Clarify me if I am wrong Something km same …It may help as I too Zerodha user since 1st week of November

Ori
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iamshashikant wrote:

What it is mean don’t park money in trading ac ? We have to keep balance in Zerodha there to buy shares if u need urgently na ? Hello, Clarify me if I am wrong Something km same …It may help as I too Zerodha user since 1st week of November

Bhai see there is nothing wrong keeping funds at Zerodha.

I just deposit money as when I have to buy shares, just don’t park big money to be on safer side.

I trust Zerodha though….

Have been using them from the beginning of 2014, most reliable discount brokerage firm, the only con is their customer support, they hardly pick phone when needed.

Missing
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Original wrote:

Bhai see there is nothing wrong keeping funds at Zerodha.

I just deposit money as when I have to buy shares, just don’t park big money to be on safer side.

I trust Zerodha though….

Have been using them from the beginning of 2014, most reliable discount brokerage firm, the only con is their customer support, they hardly pick phone when needed.

Ok ..ok.. keeping money like 2-3k no issue na ..thanks for comment

Missing
Deal Subedar
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for the occasional equity user who mainly concentrates on IPO, ICICIDirect is really good option.

Hamster
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hullaluya wrote:

East or west, Zerodha is best. Check their pricing here: https://zerodha.com/pricing?c=...93

There are brokers who are charging zero brokerage without any commitment if pricing is criteria of a good broker. Finvasia, zeroshulk, cashcow, tradinbells to name a few. There there’s tradesmartonline, fyers, traderjini, prostocks, 5paisa, upstox, composite edge, who doesn’t have monthly or yearly commitment but still have lower brokerage than zerodha.

Hamster
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No one is replying to Opening Post’s or Thread Starter query. He is looking for demat (mainly) since he has holdings, always. He does trading sometimes and thus a broker which is trustworthy with regards demat is required not what everyone pays on per trade. Demat is like bank account or safety locker for one who has high holdings. Always remember that any broker, who picks phone in 1 second or who refunds brokerage or who doesn’t charge any money, no broker is immune to bad times. No one heard about karvy here, interestingly. That was one of the biggest broker scam. https://cdn1.desidime.com/assets/textile-editor/icon_confused.gif

 20170305 121502
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marketdimer wrote:

No one is replying to Opening Post’s or Thread Starter query. He is looking for demat (mainly) since he has holdings, always. He does trading sometimes and thus a broker which is trustworthy with regards demat is required not what everyone pays on per trade. Demat is like bank account or safety locker for one who has high holdings. Always remember that any broker, who picks phone in 1 second or who refunds brokerage or who doesn’t charge any money, no broker is immune to bad times. No one heard about karvy here, interestingly. That was one of the biggest broker scam. https://cdn1.desidime.com/assets/textile-editor/icon_confused.gif

Karvy have to search on gooflgle utube

Missing
Deal Cadet
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marketdimer wrote:

There are brokers who are charging zero brokerage without any commitment if pricing is criteria of a good broker. Finvasia, zeroshulk, cashcow, tradinbells to name a few. There there’s tradesmartonline, fyers, traderjini, prostocks, 5paisa, upstox, composite edge, who doesn’t have monthly or yearly commitment but still have lower brokerage than zerodha.

Upstox and Zerodha’s pricing is same. And, Zerodha was the first one to introduce discount broking in India plus its SmallCase has no match.
REMOVED WITH WARNING

Dhanush
Deal Cadet
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111
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IciciDirect is the best online trading platform, most user friendly, reliable, fastest and best features which no other trading platform offers.
You need to check their brokerage charges and compare with other platforms.

 20170305 121502
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marketdimer wrote:

why use your link, why not mine? REMOVED

bhai referral ke liye kisi ko fasana kahan ki acchi baat hai?

Suspend both 4 Using Referring Link openly
@MJ911

Hamster
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OnlineBewda wrote:

Suspend both 4 Using Referring Link openly
@MJ911

meri link farzi hai. just gave a random number. https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

and already reported to admins. https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

 20170305 121502
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marketdimer wrote:

meri link farzi hai. just gave a random number. https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

and already reported to admins. https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

Now you covering
Suspend and Hang this guy for lying

@MJ911

Hamster
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OnlineBewda wrote:

Now you covering
Suspend and Hang this guy for lying

@MJ911

I already mentioned above that I’ve closed zerodha and kotak account. Referral ki pungi bajaunga bina account ke? Anyways, I don’t care if they ban me. Not my loss. https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

Dp
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marketdimer wrote:

I already mentioned above that I’ve closed zerodha and kotak account. Referral ki pungi bajaunga bina account ke? Anyways, I don’t care if they ban me. Not my loss. https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

Are he’s kidding
He does everytime. https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif
Bekar ka admins darshan denge https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

Missing