Stock broker

Zerodha is India’s first and largest online discount broker operating from 2009. It was started by Mr Nithin Kamath who was himself a trader before starting Zerodha. Besides low cost which most of the discount Brokers are known for, Zerodha is also credited for its technology initiatives which it brings first to the markets.

Zerodha trading software
Desktop Based Trading: Zerodha has finally in July 2015 released its next generation platform called ‘Pi’ which was long awaited. This is one of the most advanced charting software provided by any broker in India and best thing it is free of cost to all the clients who open account with them. In Pi you can view up to 50,000 candles, various chart types, over 70 indicators, inbuilt strategies and can even create your own strategies; back test them, trading directly from chart, quick order entry screen with many more options. Here are few screenshot of their awesome platform
[Read more…] about Zerodha review

Finally full service broker have also started to provide unlimited trading plans to their customer. The first such plan is launched by Kotak in which after paying Rs 999 per year, you can trade unlimited in intraday for any equity segment including intra-day and F&O. That translate into Rs 4 per day of trading which is very low and can give even discount broker a run for their money. There would be Zero brokerage for any intraday trades you will do. This will bring their brokerage at par or even better than those provided by discount broker.

For delivery based trade, they will still charge a brokerage as per the plan you will take. This is a very competitive rate for intraday trading and customer who are getting little concerned with the reliability of discount broker, can start looking at this plan. [Read more…] about Free intra-day trading(FIT) with Kotak Securities

Before telling which is the best Demat account, I will explain in simple term what is a Demat account. Before 2001, stock were kept in physical format which were know as shares certificate. Buying and selling physical shares were slow and cause lots of issue in settlement. So it was decided that stock would be kept in Digital format or DEMAT form so that they can be easily managed.

So DEMAT allows you to take delivery of shares in Digital format. So if you are planning to buy shares and keep it for more than a day, then you would require a Demat account. Most of the broker now provide purchase of Mutual funds also with a DEMAT account making it easier to manage the MF holding. [Read more…] about Best demat account for small investors

After waiting for long, Zerodha have finally launched UPI fund transfer for all its client. It is really easy to use. We will talk about the process in detail but first let me touch on what is UPI. UPI in simple terms is like your financial email which is created by your bank and in case you need to transfer funds to someone, you don’t need their account number

Just transfer the funds to the email ID provided by the bank and the money will reach real time in their account. This is really easy to use money transfer process and if you are not using it I would suggest you to make your own UPI ID and start transferring fund through it. There is no charges associated with UPI for peer to peer transfer. Some business do charge some small amounts though.

Fund transfer in Zerodha was possible by two ways before. If your bank was one of the 21 banks supported by Zerodha, you were able to transfer money from Zerodha app. But there was a transaction charge of Rs 9+GST every time you used this service. The other way was transferring funds through NEFT. But for that you have to manually add Zerodha as a beneficiary.

With the UPI, both the above mentioned issues are resolved. Firstly, they charge Rs 9 per transaction it is free of cost for now for upto 6 months and there is a good chance that the will remain free going forward also. Also you don’t need to know any Zerodha bank details or add them manually, you can directly transfer the funds without requiring to add any of these details.

The process is pretty simple and explained in the video below

I will also explain the process in few steps.

Just go to add funds and select UPI payment option. It will ask for your UPI ID. Remember that this UPI ID should be linked to the same bank account which is linked to Zerodha. If you try using any other bank account, the money would be debited but would not show up in your trading account.

Once you have put in correct UPI ID associated with your bank account, just input the amount you want to transfer and submit it. Once you do that, you will receive a message in your mobile phone and banking app to approve this payment. Just approve it and you should be able to see the funds transferred in real time to your trading account.

The method is error proof if you follow the steps mentioned above. One more thing to keep in mind is that you have to transfer fund from Zerodha app online. You cannot directly transfer to Zerodha UPI address. If you try doing this, the money would be deducted and would not reflect in your trading account.

We hope that this would have cleared all the doubts you had about using Zerodha UPI app. In case you face any other issue, do let us know and we will try to find the answer for it. You can find latest update about UPI from Zerodha here.

 

Upstox (formerly RKSV Securities), is one of India’s top discount broking firms specializing in the zero brokerage costs model. Founded by Ravi Kumar, Raghu Kumar and Shrini Viswanath, Upstox now accounts for 2% of daily turnover of NSE. Upstox’ customers can trade on BSE, NSE and starting in 2016 on MCX.  (approx. Rs. 7000 crore daily traded turnover)

Upstox is backed by Mr. Ratan Tata, Kalaari Group and GVK Davix and prides itself as the technology-first low cost brokerage firm. The cutting-edge trading platform is built in-house by the team of engineers at Upstox’ head office at Sunshine Towers in Lower Parel, Mumbai. Traders and investors can use the sophisticated charting tools on Upstox Pro Web and Mobile platforms in order to analyze the markets and make profits.

Upstox offers free brokerage on equity delivery trading and trading in Equity F&O, Equity IntraDay, Commodities and Currency Derivatives can be done for a flat fee of Rs. 20 per order traded irrespective of the order volume. What that means is even if you trade 10 lots of NIFTY in one trade, the brokerage would still be Rs 20. Upstox also provide trading facility in Mutual funds and you can manage the account from one screen making it easier for customer to trade. [Read more…] about Upstox brokerage review (2018 Update)

If you are not happy with your Demat account, or you have not used it for long but still keep getting charged yearly fees. You should close the account. Account opening is much easier than closing but you should be able to close it if you follow the steps mentioned below.

Before that, let us understand what closing a Demat account entails. Basically, shares are kept in depositories in electronic form. There are two depositories’ participant in India which is registered with the Securities Exchange Board of India (SEBI) namely – National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). So when you say you are closing the account, what you want to do is close the Demat account. Trading account by most broker are free and does not reflect anywhere. [Read more…] about How to close Demat account (Full process)

If you are looking for lowest brokerage. You have come to the right place. Here we will tell you about brokers who charge lowest brokerage.

Traditionally in India share brokers used to charge a certain percentage value of trade(for ex. ICICIdirect charges .5% for delivery based trading) . So if you were a trader or a large investor, you ended up paying a huge brokerage on your transaction. Most of the trader and large investor ended up paying brokerage worth lakhs of rupees. These type of brokers are know as traditional or full service brokers. Most of the retail investor were also using them for trading needs as these brokers where mostly linked with your bank like ICICIdirect with ICICI bank and it was very easy to open and manage account with them.

But in last few years, [Read more…] about Lowest brokerage charges in India

स्टॉक ट्रेडिंग करने से पहले ज़रूरी है की आप एक स्टॉक ब्रोकर को सेलेक्ट करे. लम्बे समय में ये ही फैसला करेगा की आप फायदे में रहेंगे की नुक़साम में. भारत में अभी मुल्हाता दो प्रकार के ब्रोकर काम कर रहे है. पहले फुल सर्विस ब्रोकर जैसे की आईसीआईसीआई डायरेक्ट, SBI कैप्स, एंजेल ब्रोकिंग और शेरखान. ये लोग बहुत समय से काम करे रहे है और इनका अच्छा खासा नेटवर्क है भारत की सभी सिटीज में, पर इनकी ब्रोकरेज काफी ज्यादा है. ये लोग वॉल्यूम के हिसाब से चार्ज करते है. इनकी ब्रोकरेज इस बात पर भी निर्भर करती है की आप कितनी ट्रेडिंग करने वाले है. जितनी ज्यादा ट्रेडिंग होती है उतनी ही काम ब्रोकरेज लगती है  इनकी ब्रोकरेज .५% से .१% डिलीवरी ट्रेड्स के लिए होती है. मतलब अगर आप १ लाख के शेयर्स खरीद रहे है तो आपको Rs ५०० से रस १०० की ब्रोकरेज रगेगी. येह काफी हाई ब्रोकरेज है और इतनी ब्रोकरेज देने के बाद मुनाफा कामना मुश्किल हो जाता है.
[Read more…] about टॉप ५ स्टॉक ब्रोकर्स इन इंडिया

Trade Academy as the name suggest is an online live training class explaining stock trading basics and advanced concept in easy to understand language. They have multiple videos which talks about Introduction to stocks and introductions to technical classes.

Here is a sample video on Options basics [Read more…] about Chhota classes by Trade Academy review

For a trader who trade in options, the brokerage is one the most important factor which decide if you end up in profit or loss. Before discount broker operation were started in India, option brokerage was very high and most of the retail investor were never able to make money in Option trading. If you are a beginner and want to know more about option trading, have a look at our video on basics of option trading.

Full service broker like ICICI, Angel Broking and Sharekhan charge brokerage for each lot. The brokerage could vary from Rs 10 – Rs 100/option/lot. You should keep in mind that this brokerage is per lot, so if you trade in more than one lot in a trade, the brokerage would be multiplied. For example, if your broker charges Rs 50/option lot and you brought 10 lot, you will have to pay a brokerage of Rs 500 and there would be an additional taxed which you have to pay. With this high charges, option trading was a loss making area.

But with the coming of discount broker, option trading has become much cheaper and lot of retail investor have started to dabble in this. Compared to these expensive brokers, discount brokers have a much lower brokerage charge in option trading.

Major discount brokers in India are Zerodha, Upstox and they charge a flat fee of Rs 20 per trade of options. So what it means is if you buy 10 lots of NIFTY, the brokerage charged would be Rs 20. This is saving of almost 90% brokerage compared to full service broker.

So if you are an option trader, and you already don’t have a account with a discount broker, it is high time that you look at discount broker and choose the one which best fits your need. Keep in mind that a money saved is money earned.

The best brokerage for option trading in India are provided by Zerodha and Upstox. There are some discount broker who provide even lower brokerage than both of them but most are not very reliable. You can even get an unlimited trading plan for trading in option with some broker but reliability and usability remains an issue.

Another important aspect to keep in mind is the margin provided by your broker for trading in Options. If you are buying option, almost all the broker will take full premium in cash from you. If you are selling, the margin for each broker would be very different. Most of the broker provide for pledging of shares, which mean after a small haircut, you can use the rest as margin for selling option.

If you are concerned with how much margin would each broker provide, I would advise you to get in touch with the broker directly and understand margin requirements of the brokers.

To know more about the major broker in India, have a look at top 10 stock broker.