Zerodha review

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 brokZerodha Discount Broker reviewer 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…]

RKSV security review

Upstox, (formerly RKSV Securities), is one of India’s top 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 review

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. Upstox also offers NRI trading and will soon provide for investing in Mutual Funds.

In 2016, Upstox launched E-Aadhaar account opening system thus breaking the barrier faced by customers while opening an account with other brokerage firms. You just need your Aadhaar Card number and PAN Number in order to open an account with Upstox. It is completely paperless and seamless! Account opening is FREE with Upstox.

Upstox is also a registered member of CDSL and NSDL and is eligible to provide Depository Participant (DP) services. The company remains a registered member of NSE, BSE and MCX in the name of RKSV Securities.

Education

Upstox focuses on educating and training people about the financial markets and how to profit through them. Trade Academy, the educational-arm of Upstox, has been conducting online classes to train aspirants across India and abroad about everything from basics of the stock markets to options trading strategies to introducing algorithmic trading to experts in the industry. Trade Academy runs free and premium online courses that are attended by large number of audience every day.

LoginLess

In order to make sophisticated trading experience accessible to all, Upstox offers LoginLess feature on their Upstox Pro mobile app. Loginless allows you to do many things, without even an account, such as:

  • Easily search for stocks, even the complex ones
  • Access all NSE cash, Futures and Options and Currencies scrips
  • Use cutting edge charting tools
  • Create charts with multiple intervals, drawing studies and types
  • Apply 100+ technical indicators on real-time charts
  • Set unlimited no. of price alerts for instant updates
  • Create unlimited customized watch-lists
  • Receive real-time market feeds to stay on top of your scrips
  • Access predefined watch-list of Nifty 50

Once you have downloaded the app, you can easily open a paperless trading account with Upstox and start placing trades.

Click here to watch the Loginless video!

Referral Program

Upstox’ referral program offers existing customers the chance to earn additional money in brokerage credit by referring their friends to open an account and trade with Upstox. A special dashboard is created for existing customers so that they can track their earnings from referrals.

Upstox Brokerage Charges – 2017

Upstox’s brokerage plan is simple and attractive. Trade in Equity Delivery is completely free and for all other segments you pay only Rs 20 per order executed.

Margins provided by Upstox – Also customers get intraday leverage of 15x on Equities for FNO listings, 2x for scrips with 20% circuit limit, 3x on NSE F&O, 3x on BSE/NSE Currency F&O and 2.5x on MCX Commodity Futures.

Special Margins for Cover Order or Bracket Order – 20x on NSE/BSE Cash, upto 6x in NSE Futures, upto 4x in Currency futures, upto 3x in MCX.

Open account with Upstox

 

Trading Brokerages

  • Equity Delivery Based Trades: Rs 0 (Free)
  • Equity Intraday Trades: Rs. 20 per executed order
  • Equity Future: Rs. 20 per executed order
  • Equity Options: Rs. 20 per executed order (on Turnover)
  • Currency Futures and Options: Rs. 20 per executed order
  • Commodity Futures: Rs. 20 per executed order

Account Charges

  • Trading Account Opening Charges (One Time): Zero
  • Demat account Opening Charges (One Time): Zero
  • Trading Annual maintenance charges (AMC): Zero
  • Demat Account Annual Maintenance Charges (AMC): Zero

Other Charges

  • Call and Trade feature is available at Rs. 20 per call order.
  • Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at additional charge of Rs. 25 per contract + courier charges.
  • Instant payment gateway charges for over 20 banks – Rs 7 per fund transfer. Max transfer limit to 2 Lakhs Rs per day.
  • Money withdrawals charges applies as per RBI guidelines.
  • Standard NSE charges, transaction charges and statutory levies are charged.

For STT, Stamp Duty, Service Tax and SEBI Charges please refer the Commission and Fees tab.

Upstox Margin/Exposures and Intra-day Leverage

  1. Upstox Margin for NSE Cash/BSE Cash – Upstox offers upto 20X for stock listed in F&O, upto 2X for stocks with 20% circuit breaker for all MIS (Intraday) Orders. For CO and BO orders, a combined basket of F&O underlying and NIFTY CNX 200 scrips are offered a leverage of upto 20x.
  2. Upstox Margin for Equity Futures – Upstox offers upto 6X leverage for CO and BO Orders, whereas 4x leverage in case of MIS orders.
  3. Upstox Exposure for Options Buying Trading – Upstox offers 1.3X leverage for CO and BO Orders and No leverage in MIS for Options buying.
  4. Upstox Exposure for Equity Options Selling – Upstox offers upto 4X leverage for all selling options.
  5. Upstox Margin for Currency Futures – Upstox offers upto 4X leverage for MIS/CO and BO orders.
  6. Upstox Margin for Commodity – Upstox offers upto 3X margin in Non Agri commodities with CO orders and 2.5x for MIS orders.

Account Opening with Upstox (RKSV)

For online trading with Upstox, an investor or a trader has to open a simple 2-in-1 account (Trading and Demat). Account opening is the easiest with Upstox. Starting in 2016 Upstox pioneered Paperless account opening system. Now you just need your Aadhaar Card Number and PAN Number to open an account online. Gone are the days of filling out multiple forms, signing, printing and sending them to the broker in mail.

Here are the ways to open an account with Upstox:

  • Fill out the details in the online form here.
  • Contact Phone Number: +91-22-6130-9999
  • Contact email:[email protected]
  • Registered Office: Upstox, 807 New Delhi House, New Delhi 110001
  • Corporate Office: 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, 400 013

Open account with Upstox

Upstox (RKSV) Web, Mobile app and Desktop base trading platform – 2017

Upstox provides web browser and mobile app based trading platforms to its users.

Upstox Pro Web – With more and more people moving towards online trading, Upstox has turned their web-based trading platform into the most sophisticated and cutting-edge tool which helps traders and investors to calculate fast and place trades in live markets quickly. It is a light-weight browser-based platform that you can access on your computer, laptop or tablet–without having to download anything. Trading with Upstox means that you can say Goodbye to those large .exe files that crowd your desktop.

upstox-trading-platform

Upstox Desktop – One of the most reputed trading platform “Omnesys NEST” is the official trading terminal for Upstox. This trading terminal is a one-stop shop for  your trading needs, from advanced charting to quick order placement, portfolio, fund transfer, margin report and Market Watch. Customizable interface, Multi Monitor support, customizable hotkeys and shortcuts.

Key features of Upstox Pro are:

  • Fast market feeds
  • Trade on all exchanges & all segments with a single Sign In
  • Real time quotes
  • Instant notifications
  • Bank transfer available with 40+ banks.
  • Real time margin – alert for margin changes
  • One click trades.
  • Keyboard shortcuts – like desktop, you can use shortcuts for trading in the browser of your choice.
  • Account balance, historical reports, daily order status reports and much more.

For detail review of mobile app and download please visit Upstox (RKSV) Mobile App.

Final thought about Upstox (RKSV)

Upstox is a technology-focused online broking firm that leads by example. The broker separates itself from the competition with its innovative trading platforms and its unwavering focus on providing cutting edge trading tools and platforms for its users. Irrespective of the device that you use, Upstox is available for you. Be it your cellphone, laptop, tablet or even your desktop with internet access – Upstox Pro Web and Upstox Pro Mobile are seamless and hassle-free for your use.  Specializing in the low brokerage model, Upstox offers FREE equity delivery trading and upto Rs. 20 per trade irrespective of the order volume for IntraDay trading. Upstox is leading the emerging “Free Broker” category.

Open account with Upstox

Zeroshulk Brokerage review

Insight About ZeroShulk :

Zeroshulk ( a sub brand of Vikson Securities Pvt. Ltd. ) was started in 1985.They started off under the banner V. Kumar & Co. Back then re-named their business to Vikson Finance and Investment Private Ltd. in 1996. They expanded to the commodities market in 2003 under a diversified unit called Vikson Commodities (Pvt.) Ltd. In 2008,enrolled as a member in the MCX Stock Exchange. Zeroshulk has 14 offline Branches and 250+ Franchises for its parent Company. ZeroShulk claims to have around 9000+ customers in all segments.

Products and Services ;

Zeroshulk  is member of BSE , NSE , MCX , NCDEX exchanges and has CDSL Depositary. Their customers can enable BSE star mutual fund services to keep their entire portfolio well managed and in one place in their Demat A/c.Zeroshulk brokerage review

Software Provided By ZS are NOW, NEST & TechProTrade . They have partnered to Pioneer the trading experience for the clients with our TechProTrade (TT) where one can have multiple widgets of Live margin , news, Charts, tweets and block & Line view for market watch in a Web and App.

ZeroShulk Account Opening Fee / AMC

  • Trading Account Opening Fee: Rs 0
  • Demat account Opening Charges: Rs 0
  • Trading Account AMC: Rs 0
  • Demat Account AMC: Rs 300(From Second year)

Account Opening ;

Account Opening is easy wih  Zeroshulk , just visit  to E-kyc for 2 minute E form filling in quick 5 steps . After that download the form you wish to download for Equity or Commodity in pdf version. Paste 2 photographs (sign across them) and Sign on all marked place. Documents required for Equity / Commodity which you need to send;

  • Copy of Pan Card (Self Attested),
  • Copy of residence Proof (Driving License, Voter ID, Passport, Aadhar Card, Bank statement, etc. – any one)
  • Cheque should have your name printed on it, if not please attach your latest Bank Statement. (Of any amount you want to start trading with, all of the sum will be credited to your trading account).For equity account you have to write a cheque with the name of VIKSON SECURITIES PVT.LTD and for commodity VIKSON COMMODITIES PVT LTD
  • 1 copy, self-attested – (Latest salary slip, ITR, Form 16, 6-month bank Statement, etc. – any one) to trade in Currency and Equity Derivatives (Future & Options)

Note:-Once your Demat A/c has been opened you can just use your Zeroshulk Demat A/c number and provide your existing broker the same to transfer or close your existing Demat account to transfer your shares .

Brokerage :

The brokerage structure is divided in 3 slabs;

  • Flat Trading Plan– Rs 15 per executed Order across NSE, BSE ,MCX, NCDEX for intraday , Delivery, Future and Options.
  • Monthly Trading Plan– Rs 999 per Month per segment to enjoy brokerage free trading thereafter. Rs 499 to trade unlimited Trading in Currency Trading on BSE & NSE exchange.
  • Unlimited Trading Plan– Rs 2499 per Month to enjoy unlimited trading with all inclusive brokerage of Equity, Commodity and Currency segments.

Zeroshulk charges list for Nifty: buying and Selling (at 8800) with no hidden charges

https://zeroshulk.com/brokerage-calculator/ brokerage calculator to find out more

 

Turnover 13,20,000
Brokerage 30
STT Total 66
SEBI Turnover Fees 2.64
Clearing Charges 6.6
Exchange Trans. Charges 27.72
Service Tax + ( SBC & KKCS incl. ) 8.66
Total Tax and Charges 141.42

 

Customer Service:

They provide Live chat and support service offer email as well as on phone. As of now, there is no waiting que while you call them and most of the time, you should be able to talk to someone directly. 

How we are different from others :

Free Demat A/c Opening with no upfront  Account opening Charges has made it really easy for many of their customers to open the account with them . NRI accounts are also process in ZeroShulk

Account Opening with Zeroshulk

Please provide your details by clicking on the link below and they will call you

https://zeroshulk.com/open-online-trading-demat-account-zeroshulk/

Anand Rathi brokerage review

Established in 1994, AnandRathi is one of India’s leading financial services firm offering Wealth Management, Investment Banking, Corporate Finance & Advisory, Brokerage & Distribution services in the areas of equities, commodities, mutual funds, structured products, insurance, corporate deposits, bonds & loans to institutions, corporations, high-net worth individuals and families.

The firm has a vast footprint across India and also in select international locations such as Dubai, with presence across 1200 locations through its own branches, sub-brokers and remisers and representative offices/associate companies. The group today employs over 2,500 professionals.

Citigroup Venture Capital International, the well known global private equity and Venture Capital Company holds a sizeable stake in the firm. All our offerings are supported by powerful research teams and each unit is clearly positioned to cater to the most diverse financial needs of our clients.

The Anand Rathi Group is member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Multi-Commodity Exchange (MCX), National Commodity Exchange (NCDEX), United Stock Exchange (USE), Central Depository Services Ltd. (CDSL), National Securities Depository Limited (NSDL) and ARN holder

The firm’s philosophy is entirely client centric, with a clear focus on providing long term value addition to clients, while maintaining the highest standards of excellence, ethics and professionalism. The entire firm activities are divided across distinct client groups: Individuals, Private Clients, Corporates and Institutions. AnandRathi has been named The Best Domestic Private Bank in India by Asiamoney in their Fifth Annual Private Banking Poll 2009. The firm has emerged a winner across all key segments in Asiamoney’s largest survey of high net worth individuals in India.

Account Opening Fees & Annual maintenance charges (AMC)

  • Trading & Demat Account Opening Charges (One Time): – Rs 0*
  • Trading & Demat Account Annual Maintenance Charges (AMC): Rs. 500 (Free for 1st year.)

T&C Apply

There is no Account opening charges if Account is opened with margin of 10,000/-or more.

button-pro

Documents required for account opening

PAN Card, Address proof and income proof.(You can either give 6 months bank statement or ITR or salary slip for the same)

Brokerage Rates

Margin

Brokerage
Cash
Intraday
Cash
Delivery
Future Option Commodity Currency
Future
Currency
Options
10000-24999 0.05% 0.50% 0.05% Rs.100 or 1% 0.03% 0.03% Rs.30
25000-49999 0.03% 0.30% 0.03% Rs.80 0.02% 0.03% Rs.25
50000-99999 0.02% 0.20% 0.02% Rs.60 0.01% 0.01% Rs.15
100000-149999 0.01% 0.10% 0.01% Rs.40 0.01% 0.01% Rs.10

Transferring Shares from Demat account

Demat account is just like your bank locker. We store our important document and jewelry in the bank locker. While our investment securities, like equity shares are stored in the demat account. Demat account is essential if you have want to take delivery of stocks.

Depositories (CDSL & NSDL) ease holding of securities in electronic form in dematerialized format. This reduces a lot of paper work and enables ease in transfer and trading of securities both for investors and companies. As we transfer our money from one account to another, shares can also be transferred easily.

For any reason, if you want to transfer from one Demat to other, you can fill up the Delivery Instruction Slip (DIS), and get your shares transferred. In case you want to close you old Demat account and transfer holding to the new one, you can do that easily by getting the Client Master list from your new broker and providing the same to your old broker. They will transfer the equity in off-market transactions at a minimal cost.

In India, we have two depositories. As mentioned earlier – NSDL (National Securities Depository Ltd.) and CDSL (Central Depository Service Ltd.). Your demat account will be either of these. If both the demat accounts are with same depository, you’ll be making an intra-depository transfer. If they belong to different depository, then it will be called an inter-depository transfer.

Opening a new Demat account and transferring your holdings

If you are opening a new Demat account, you will need to transfer shares from your old Demat account. This can be done by filling the Delivery Instruction Slip (DIS) with you old demat account broker and providing the new DP ID details. DIS looks like a cheque book in which you DP ID details are already filled. You just have to provide your new DP ID details to which you want to transfer the shares. Once you do that. the transfer should be done in couple of days.

Delivery Instruction Slip

Delivery instruction slip

There are 2 types of DIS slip. One is for doing transfer within same Depository. So if  you your broker have account with NSDL and new broker also have the account in NSDL, you will need this type of slip.

The second type of DIS are known as Inter-Depository Delivery Instructions(IDTs) which will be used if you have to transfer share inter-depository so from NSDL to CDSL or vice versa. So before you ask for DIS slip, make sure that your new account is with which DP, so that you can ask for specific DIS slip from your broker. These DIS have a nominal charge of about Rs 30- Rs 50 would depend on your broker.

Details you have to provide for filling the DIS forms are as follows:

DP ID: Depository Participant’s ID. Your broker, through whom you opened the demat account is your DP. An investor can not directly go to the depository and open the demat account. The DP stands between you and the depository i.e. NSDL and CDSL.

Insert your current DP’s ID.

BO Client ID: BO means Beneficiary Owner i.e. you. The demat account holder is called the BO.

First/ sole holders name: the demat a/c holder’s name.

Now a days, in almost all DISs the above information comes printed. If not, it will be on the cover or first page of DIS booklet.

There are 2 date you need to fill. One is the date when you submit the DIS to the DP. This will be on the top right side of the DIS. Another one is the execution date. The date when you want the transfer to take place. These dates can be same or can vary. It is suggested to write the execution date after consulting your DP.

Now the table, where securities to be transferred is mentioned.

Every security is given an ISIN (International Security Identification Number). For Indian securities it starts with “IN”. So, IN may be printed on the DIS.

You can get this number from your transaction statement or contract note. Or just confirm with your broker. You cannot put a wrong ISIN. Each share, each Mutual fund, bond, every security in this world has an ISIN.

Then write the share name and the quantity you want to transfer. Here we are talking about transferring all the shares and other securities to a new account. So, write the total number of units you hold.

  • You will be making an off-market transaction if the new demat a/c is with same depository.
  • You will be making an on-market transaction if the new demat a/c is with another depository.

So put a tick mark accordingly. And below or further, again, the DP id –Counter BO ID, Counter DP ID this is about the new demat a/c. Here you have to fill up the details of where the securities should be transferred.

The relationship managers of your broker (DP) are for your assistance. Consult and fill the DIS properly.

E-instructions

Some of the bigger brokers have started providing e-instruction so you don’t have to provide DIS every time you want to transfer share. Most of these brokers have 2 page form which you have to fill and provide your new DP ID details. You can add upto 5 DP ID in which you can transfer the shares.

This is a onetime registration which have to be done physically at your broker premises. Once you do that, you can directly transfer your holding from your Demat account to your new Demat account online. So there will be no need for visiting the office every time. This facility is right now provided by ICICI Direct.

Transfer Demat holding from ICICI Direct to Zerodha

I will provide you with an example of how you can transfer your share from ICICI direct to Zerodha. ICICI DP is mostly with NSDL and Zerodha DP is with CDSL. So in this case you will need Inter-Depository Delivery instruction slip from ICICI direct. You will also need DP details from your new Zerodha account which can be found in Zerodha back office at q.zerodha.com. If you are not able to find it in backoffice, you can call their customer service and ask from CML from Zerodha.

Once you have this, just fill DIS slip at any ICICI direct office and provide CML copy to them. In case you are closing account, you can ask them to transfer all your holding to Zerodha. The transfer should happen within 24 hours.

Some people think that instead of transferring, can we not sell our share from old brokers and then buy again from new broker. This is possible but in this case, the transaction cost which include brokerage and Govt. taxes have to be paid twice. While if you use DIS for transfer, there is no brokerage and Govt taxes. Also long term tax benefit would have to be forfeited if you sell that share and buy again. So it is always a better idea to transfer share using DIS. The process is simple and transaction cost are low.

Partial transfer from one Demat to your other Demat account

In case you want to transfer some of the holding from one DP to other, please follow the instructions below. The DIS slips are becoming uncommon as more and more people are moving towards online trading. I would advise you to keep you holding in one Demat account as it will make maintenance of the account easier.

The Delivery Instruction Slip is like a cheque. You need it transfer your shares to your other demat account or to another person.  At first look it may seem too complicated. It’s easy to fill it. However, no errors should be there.

Often, the stock broker and the DP are not the same. Hence, keep in mind that you have to deal with the DP, where you have your demat account. It is not necessarily that brokerage house is your DP. A third party can also be your DP. But if you have signed up with one, they’ll provide you all the facilities. In case, you have opened a demat a/c with one entity and have trading a/c with another, go to the Demat a/c entity.

For complete transfer of securities to a new demat account, no charges are imposed. And you can have many demat accounts.

Know more about Free Demat account and top 10 stock brokers in India.

 

3 Best broker for new investor

One of the most asked question on this blog is “Tell me who is the best broker in India” and that is very difficult question to answer. For example if someone ask you ” Tell me which is the best bank”, can you tell him 1 bank which is the best. The best answer you can give is ” IT DEPENDS, on what you are looking for in a Bank. If someone is looking for best online service, one set of bank will be good for him(maybe ICICI, AXIS). But if someone is looking for many physical locations, another bank will fit him needs(SBI, Bank of Baroda). [Read more…]

Best Demat Account in India

Before we tell you which is the Best Demat account in India, I would try to explain what DEMAT account mean.Demat is the shorter version of word Dematerialized account, which just means that the stock are in electronic form rather than in material (paper) form. You can think of Demat account as a safe for keeping electronics share.

Demat services are provided in India by just two Depositories namely

CDSL – Central Depository Services (I) Limited

NSDL – National Securities Depository Limited

Both are them are approved by SEBI. The important thing to understand is that you broker will become a part of one of the Depository and would be known as Depository participant (DP). Brokers cannot legally hold your stock and they have to maintain them with one of the Depositaries. But as a client, your broker manages your relationship with CDSL/NSDL and you never need to worry about it. So when you open trading account with your broker, they will also open your Demat account with one of the Depository.

You would think that the charges of all the DP would be same but that is not so and each DP could charge as it deems fit. Just so that you understand fully, you cannot trade if you just have a DEMAT account, you need a trading account with one of the brokers to trade. The DEMAT account would come in picture only when you take a delivery of the stock. In case you are day trading or trading in F&O, you don’t even need Demat account.

Demat charges are generally very small and wouldn’t affect you much in the long term. Most of the brokers charges anywhere from Rs 300 – Rs 600 AMC for managing the Demat account. It is much more important to choose a broker which have a lower brokerage than a lower AMC charge as AMC is more of a fixed cost irrespective of the number of stocks you keep, while broking charges is applied on every trading you do.

I have tried to provide rates of some of the main brokers in India and charges for their DEMAT account opening. Do remember that there is a Annual maintenance charge associated with maintaining the account. It is generally in a range of Rs 300 – Rs 600.

Zerodha Demat account charges
AMC charges for first year is FREE. From second year, there is an AMC charge of Rs 300 per year.

Open Account with Zerodha

Angel Demat Account Charges
Account Opening – Free
Annual maintainence charge for Demat account – Rs 450

Angel Account opening

Upstox Demat account charges
Annual maintenance charge (AMC) for the first year towards your demat account of Rs.400/ and AMC of Rs 350.

ICICI Demat Account Charges
NSDL – A/C opening NIL, Rs.600 ( Rs.500 for customers receiving email statements)
CDSL – A/C opening NIL, Rs.600 ( Rs.500 for customers receiving email statements)

One more question which lots of reader have is whether an individual can have more than 1 Demat account. The simple answer is Yes, you can have as many Demat account as you want. There is no limit on number of accounts. But remember the more Demat account you have the more yearly maintenance charge would be payable by you.

So we would advise you to try to consolidate all your Demat holding in one Demat account. In case you still have some questions, please ask it below so that other may also benefit from it.

You can find more detailed information about opening of Demat account here

How to open Demat account

Prostocks review

ProStocks is the newest entrant in the discount broker segment in India. The company offers low cost flat fee trading plans to  stock market investors and is one of the few broker who are providing unlimited monthly and yearly trading plans to its customer. They also offer a fixed brokerage plan of Rs 15 per traded order.Prostocks review

ProStocks is popular for its flat monthly trading plans. The plan includes Rs 899 per month trading plans which offers unlimited equity and equity derivatives trading at NSE or BSE. ProStocks also offer Rs 499 monthly trading plan for unlimited monthly trading in currency derivatives trading.

ProStocks also provide most advanced trading platform to the investor. This includes a website for trading, mobile app and a trading terminal for high frequency traders. All trading software and tools are available for free of charge and you will get access of them once you open account with them. [Read more…]

SMC Brokerage and review

SMC was established in 1994 and is a diversified financial company offering brokerage service across segments ( Equity, Commodity, F&O and currency). Apart from that it also provide wealth management services, DP service and research service. Here we will be discussing mainly the brokerage product and service it is providing to retail customer and various product which it uses to provide it. It provide these services under SMC trade online. They have a huge network of 65 branches and SMC review2400 brokers. So most probably you should be able to find then operating in your city.

SMC is a full service broker and provide all the financial service any retail client would ever need. There charge brokerage as a percentage of traded volume compared to discount broker which charge a fixed brokerage per trade.

Account opening charges

The account opening charges and brokerage are as follows
[Read more…]

Lowest brokerage charges in India

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…]

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