Which is a best broker to start stock trading with ?

@punitdd wrote:

@caks2006407 wrote:

Since you are new to stocks there is no need of plan like 5555…etc.
They are useful if one trades say monthly like 15lacs and above.
Apart from Zerodha, RK Global is also good for frequent trader esp in FnO.
You can as well go with Axis demat account already opened. Anyways you need to pay AMC everywhere and may be brokerage bit more @Axis but advantage is fund transfer is easy.
No use of tips from brokerages they will flood u with tips and finally end up choosing wrong ones.

Ask Axis people for brochure and never solely believe in words.

they did not have any document for this. they charge 999 for a new trading account and 5555 for this special paln at the time of opening account .

You can forget about that plan. 12lac is the max amount at that borkerage. Simply put say you bought stock worth 5lacs and sold at 7lacs later, your turn over is total 12(5+7)lacs. After this they will charge u at .5Rs.
These plan rates are availble free with IIFL and any other broker if you negotiate before opening that too with no upper limits like 12lacs….etc
In fact brokerage is NOT important for many investors, please note this
Brokerage is important only for frequent traders…who trade in intraday and FnO…certainly not for long term investors.
ICICI is costly but I say the best one for new comers…thier tips are also OK, Angel broking tips are best I have seen.
Zerodha is honest among these. No hidden things with them.

@caks2006407 wrote:

@punitdd wrote:

@caks2006407 wrote:

Since you are new to stocks there is no need of plan like 5555…etc.
They are useful if one trades say monthly like 15lacs and above.
Apart from Zerodha, RK Global is also good for frequent trader esp in FnO.
You can as well go with Axis demat account already opened. Anyways you need to pay AMC everywhere and may be brokerage bit more @Axis but advantage is fund transfer is easy.
No use of tips from brokerages they will flood u with tips and finally end up choosing wrong ones.

Ask Axis people for brochure and never solely believe in words.

they did not have any document for this. they charge 999 for a new trading account and 5555 for this special paln at the time of opening account .

You can forget about that plan. 12lac is the max amount at that borkerage. Simply put say you bought stock worth 5lacs and sold at 7lacs later, your turn over is total 12(5+7)lacs. After this they will charge u at .5Rs.
These plan rates are availble free with IIFL and any other broker if you negotiate before opening that too with no upper limits like 12lacs….etc
In fact brokerage is NOT important for many investors, please note this
Brokerage is important only for frequent traders…who trade in intraday and FnO…certainly not for long term investors.
ICICI is costly but I say the best one for new comers…thier tips are also OK, Angel broking tips are best I have seen.
Zerodha is honest among these. No hidden things with them.

Brother thank you very much .

As per 5555 plan ,12 lac is the first year limit for brokerage 1 paisa as brokerage charge .

Then 0.25 & 0.025 for delivery and non delivery brokerage for 10 year and then 0.50 as usual after 10 year.

How comparable it with top discount broker like zerodha ? please help me with zerodha charges compared to this axis plan .

@punitdd wrote:

Brother thank you very much .

As per 5555 plan ,12 lac is the first year limit for brokerage 1 paisa as brokerage charge .

Then 0.25 & 0.025 for delivery and non delivery brokerage for 10 year and then 0.50 as usual after 10 year.

How comparable it with top discount broker like zerodha ? please help me with zerodha charges compared to this axis plan .

Zerodha is damn cheap. Go through Zerodha website for general comparison.
https://zerodha.com/brokerage-calc...or
But fund transfer and platform complexity are few issues compared to Axis/ICICI web based platforms.

I have traded with sharekhan, Rk global,ventura securities and zerodha. Zerodha is the best amongst all.
By the way how many of you are really making money in stock market, equities or commodities?
Please do share your experiences since I have been in a loss and completely stopped trading.
Also share the best short term or long term investment that gives good returns.

Thanks in advance.

Seems Zerodha people visit in person in Pune to collect document , though looks like they are not in hurry in completing opening formalities unlike ICICI who are very aggressive. Lets see how they fare with rest of the formalities

@Navneet wrote:

@zeck_23 wrote:

Opened the account with Zerodha yesterday only using my friend’s referral. I am surprised that no one has offered to OP yet about referring him to Zerodha

Good to see so many people using Zerodha here as well.

Zerodha par refer kar bhi diya to 2% hi milaga

2% kam hai kya

@zeck_23 wrote:

@Navneet wrote:

@zeck_23 wrote:

Opened the account with Zerodha yesterday only using my friend’s referral. I am surprised that no one has offered to OP yet about referring him to Zerodha

Good to see so many people using Zerodha here as well.

Zerodha par refer kar bhi diya to 2% hi milaga

2% kam hai kya

@zeck_23 wrote:

Seems Zerodha people visit in person in Pune to collect document , though looks like they are not in hurry in completing opening formalities unlike ICICI who are very aggressive. Lets see how they fare with rest of the formalities

They are damn good , in fact i forgot to mention they have 60 days challenge where if you make any profit in 60 days even Rs.1 they will refund full brokerage to your account
So,
EQUITY SHARES (LONG TERM DELIVERY) = No brokerage (they don’t charge for this)
Equity Intraday , F&O = No brokerage (if you make any profit even Rs.1 in sixty days)

And you can start 60 days challenge any no. of times

@punitdd wrote:

I am going to ask axis ppl to give in written what you commits. They are saying it is for 10 years in total …no AMC extra . I have doubt if it is a 5555/year subscription plan.

I closed my Axis account last week… High brokerage, high AMC. Edelweiss is giving me better deal

is icici the best bet for new comers? what’s their brokerage for intra day. say, you buy 1000 shares at 50 k and sell for 60 k the next day, what’ll be your profit after brokerages and taxes

@Navneet wrote:

@zeck_23 wrote:

Seems Zerodha people visit in person in Pune to collect document , though looks like they are not in hurry in completing opening formalities unlike ICICI who are very aggressive. Lets see how they fare with rest of the formalities

They are damn good , in fact i forgot to mention they have 60 days challenge where if you make any profit in 60 days even Rs.1 they will refund full brokerage to your account
So,
EQUITY SHARES (LONG TERM DELIVERY) = No brokerage (they don’t charge for this)
Equity Intraday , F&O = No brokerage (if you make any profit even Rs.1 in sixty days)

And you can start 60 days challenge any no. of times

The no brokerage for long term delivery should be taken with a pinch of salt. It would be most likely an introductory offer as they want to pull more long term investors. They can’t sustain without trying to charge for delivery trades.

Got a mail from RKSV today and maybe you can get a free demat account. Just check with them

Going zero… zero brokerage on all your equity investments, just Rs. 20 per order on all other segments.

We have launched a new pricing plan that allows you to do unlimited free delivery trades on the equity (cash) segment.

No catches, no strings attached. You win.

Contact us at 022-6130-9999 or [email protected] to learn more!

In other good news…

Even if you don’t opt for the new pricing plan, don’t worry- we will not force you to join any new plan. You can switch whenever you want at your own convenience.
We encourage you to refer all your friends to the new pricing plan! A great way for you to earn and a great way to get your friends started with investing.
We are extending our Free Demat Account Opening promotion until 29th February
We now allow NRI’s to open up accounts!
We will be offering Margin Against shares (MAS) very soon! MAS will allow you to receive margin for trading against shares provided by you as Collateral.

Stay tuned for more updates!

Warm Regards,

RKSV

@schumacher wrote:

is icici the best bet for new comers? what’s their brokerage for intra day. say, you buy 1000 shares at 50 k and sell for 60 k the next day, what’ll be your profit after brokerages and taxes

ICICI is best for the occasional investor. One who is not intending to do share trading as the primary source of income wants to have the benefits of a demat account, without any headache.
It is not for the speed traders.

Are axis icici hdfc all good and similar for this servixe.?

Do axis hdfc similar banks also like icici ?

I am a starter in trading I am not interested in day trading as I found it very time taking and risky .now I have a active axis demat trading account.so want to start
Which types of stocks are best for a newbei for a start ?
one more thing please share a good read about the basic of stock market in India .I am not a finance guy .so found these trading terms difficult to grapse and its usage . initially my capital is very LEss though but I will increase once I learn what I am actually doing with my stocks and why. I guess I can do better if I learn more .

can I open trading account on RKSV without a income proof ?

@punitdd wrote:

can I open trading account on RKSV without a income proof ?

They definitely won’t ask for your salary certificate or form-16 but pan card, bank statement and income declaration is mandatory.

@ranjithsai01 wrote:

@punitdd wrote:

can I open trading account on RKSV without a income proof ?

They definitely won’t ask for your salary certificate or form-16 but pan card, bank statement and income declaration is mandatory.

@punitdd wrote:

@ranjithsai01 wrote:

@punitdd wrote:

can I open trading account on RKSV without a income proof ?

They definitely won’t ask for your salary certificate or form-16 but pan card, bank statement and income declaration is mandatory.

Bank statement as address proof ? Is it of salary account ? I don’t have a job

I guess it’s more of a risk aversion measure to get a bank statement and verifying your credentials. I don’t think they would care much about your income to open an account as they would only let you trade if you have the money. Even though they provide margin trade facility they have proper measure to make sure that the loss doesn’t impact their credit by buying/selling of your securities.

@punitdd wrote:

Do axis hdfc similar banks also like icici ?

I am a starter in trading I am not interested in day trading as I found it very time taking and risky .now I have a active axis demat trading account.so want to start
Which types of stocks are best for a newbei for a start ?
one more thing please share a good read about the basic of stock market in India .I am not a finance guy .so found these trading terms difficult to grapse and its usage . initially my capital is very LEss though but I will increase once I learn what I am actually doing with my stocks and why. I guess I can do better if I learn more .

I have used both Axis and ICICI and found ICICI to be more user friendly. HAve not used HDFC so cannot comment.

Direct operations in equity market is better to be undertaken only after 6-12 months of shadow practice. It is always better to identify certain specific stocks and be familiar with their movements during the year, rather than make a general sweep. It is always better to remember that to function in equity market one must use the brain and completely switch off the heart/emotions. Also, to remember that equity market ultimately has an element of gambling and one must only gamble that what he is not afraid to lose. So never to invest in equity using borrowed money or funds that would be required in the immediate future. The best time to buy is when markets have taken a hit. No matter what, sooner or later it would bounce back. It is also advisable to book profit when markets have remained high for some time and shift a part of the profit to risk free investments like bonds and FDs, instead of continuing to hold on to the same stocks for years and years. It is practically impossible to buy at the lowest and sell at the highest, so one should never panic if the stocks dip in the short run or go up after it has been sold, as long as a reasonable profit has been booked.

How good is ZenMoney ?

Zerodha is cheapest and best. It’s new trading platform – Kite – is awesome. No need to download any apps or softwares. Just load the website in any modern browser and you’re good to go.

Before you choose any broker, write down what you plan to do – invest for long-term or intraday trading or mid-term trading. In any case, Zerodha comes out to be no. 1

I have heard good things about RKSV too but never used.

Zerodha has more clients than RKSV.

Guys, I signed up for an account on zerodha . I got the forms from them by post. it consists of the application kit with the demat opening form. I want to know if it’s absolutely necessary go sign the power of attorney form. can they misuse it in anyway for their benefit?I am a new bie and want to make sure I am not doing anything wrong. Also, Anything else I need to know before signing and sending it back to them?

I want to trade could any one help me with it. I totally don’t have any knowledge about it, plz guide me.

@schumacher wrote:

Guys, I signed up for an account on zerodha . I got the forms from them by post. it consists of the application kit with the demat opening form. I want to know if it’s absolutely necessary go sign the power of attorney form. can they misuse it in anyway for their benefit?I am a new bie and want to make sure I am not doing anything wrong. Also, Anything else I need to know before signing and sending it back to them?

PoA in this case is signed only for handling your shares in demat account so you don’t have to provide them DIS (delivery instruction slip-just like cheque is for money, DIS is for shares). Of course with PoA they can transfer shares to any account or sell/buy on your behalf and such frauds have been done before by brokers. But that doesn’t mean a company like zerodha will do it because committing such frauds will lead to cancellation of their brokerage, fines, prosecution leading to jail term. You can sign it without any fear with big brokerages.

guys, i have gone through the many threads and shortlisted zerodha and rksv. i am now planning to open an account with zerodha which is the best in terms of long term trading. also im planning to migrate my existing indiainfoline account to zerodha. pls let me know if there is any trusted and better brokerage firm in market. also pls let me know how is fund transfer with icici bank? tia.

@DealSeeker bro, any guidance?

@rajrocks wrote:

guys, i have gone through the many threads and shortlisted zerodha and rksv. i am now planning to open an account with zerodha which is the best in terms of long term trading. also im planning to migrate my existing indiainfoline account to zerodha. pls let me know if there is any trusted and better brokerage firm in market. also pls let me know how is fund transfer with icici bank? tia.

@DealSeeker bro, any guidance?

@soccergiants

@rajrocks wrote:

guys, i have gone through the many threads and shortlisted zerodha and rksv. i am now planning to open an account with zerodha which is the best in terms of long term trading. also im planning to migrate my existing indiainfoline account to zerodha. pls let me know if there is any trusted and better brokerage firm in market. also pls let me know how is fund transfer with icici bank? tia.

@DealSeeker bro, any guidance?

Both RKSV and Zerodha are good. I personally use RKSV and I believe Zerodha offers some extra features in terms of algo trading and stuff like that. Payin is almost instant in RKSV but payout takes a couple of days. Also their customer care is well informed and helps with the issues without any delays.

@ranjithsai01 wrote:

@rajrocks wrote:

guys, i have gone through the many threads and shortlisted zerodha and rksv. i am now planning to open an account with zerodha which is the best in terms of long term trading. also im planning to migrate my existing indiainfoline account to zerodha. pls let me know if there is any trusted and better brokerage firm in market. also pls let me know how is fund transfer with icici bank? tia.

@DealSeeker bro, any guidance?

Both RKSV and Zerodha are good. I personally use RKSV and I believe Zerodha offers some extra features in terms of algo trading and stuff like that. Payin is almost instant in RKSV but payout takes a couple of days. Also their customer care is well informed and helps with the issues without any delays.

2nd Part Of the Question regarding Shares Present.
Better Keep them as it is and Sell it from your Previous Broker when you want rather than indulging in Transfer to other DEMAT.
Yes ,You can Transfer Via ICICI
1.Instant it will Cost You Rs 7
2.NEFT No Charges But it can take upto 6 Hours to Reflect.

zerodha