Hdfc demat account charges brokerage
This is probably not the right place for thisbut since it is an important part of investing and affects returns, I am starting this post here - soliciting opinions on the best online broker to go with. This might also lead us to buy that stock as well! I have an account with hdfc demat account charges brokerage direct. What they dont tell you and people might be interested to know is that they also have prepaid brokerage plans which reduce your brokerage to 0.
This is offered if you complain! Otherwise, I think they have everything you need for your investing which makes them a convenient one stop shop.
But if others also offer all the options and charge you much less, why not make the shift. He tried to tell me that others have hidden charges which show up only when you trade.
Not sure how the others stack up. Although in terms of ease of use, I prefer Sharekhan. Brokerage is more or less the same for all three. Since most of my stock investments are long-term, the trade frequencies are comparatively low, and I use HDFC Securities for this purpose. The brokerage charge is around 0. I use zerodha account hdfc demat account charges brokerage for my Options trading. They offer a flat rate of Rs.
They are indeed most expensive and I am also in search of cheaper one with comparable features but as of now I am not able to find any. Prepaid plan make sense only when your transaction value is high, for example, to make sense with their 25k prepaid plan, you should do transactions worth 15 lacs or more in a year.
Their research is pathetic though. Edelweiss I choose mostly for research which is top notch and they do not follow the herd and is independent research on large group of small and midcaps. Their prepaid plans are pretty good and interface very professional.
I use icici direct and emkay through fundsindia. Fundsindia have been talking of including BSE listed shares on their platform for almost 6 months now, but no signs of it happening. If it does, then it will be a good platform. Am thinking of switching to HDFC Securities myself… The fat finger fiasco which happened few days ago with Emkay has already given me a scare….
I have trading accounts with HSBC as I hdfc demat account charges brokerage bank with them thereby having some degree of control over my excess funds and Edelweiss. I find 2 brokerage accounts very helpful when rolling over derivatives trades. As Rudra mentioned, Edelweiss gives you full access to their institutional research platform and has a very robust trading interface for equities, MFSS, derivatives, FX and commodities. It also has enough basic features for technical analysis that do the job and I would seriously recommend them for someone who has multiple asset class exposure.
They charge me 20 and 12 bps respectively, ex DP charges. I would consider them to be like cyclicals as well and good times may be coming. Edelweiss looks to have a very neat and powerful brokerage platform. Not sure what their reach is. I trade with Religare and I find the service, interface is good but brokerage is high.
I end up paying around 0. There is a AMC cost also. How hdfc demat account charges brokerage compare to what you pay as brokerage? I have recently since around months started trading with sasonline. This is across all segments, i.
I have not availed it, but there is also a Rs. I was earlier hdfc demat account charges brokerage with HDFC securities 0. You can also call and trade, but I think the charges for this are higher. I have never done this. Payin is through the Atom Payment Platform Rs. They also automatically take the shares in your demat account, and provide you collateral for margin trades, if this is interesting for you.
I checked HDFC sec it is showing 0. You mentioned only 0. I spoke with SAS people and it is definitely cheaper than Religare. They scheduled a demo and lets see how it goes. Thanks for the heads up. You are right, the card rate for HDFC securities is higher. But it is negotiable. With Sasonline, you can specify any existing depository of yours for your demat account. You can also open a demat account with them. But to sell shares in your existing demat account, you need to senda request to your DP transferring the shares to your client beneficiary account as SAS.
Basket and ordinary orders before market hours are available only hdfc demat account charges brokerage the desktop version, and yeah, it would be nice to have a GTC facility, but that is not available. There is another online brokerage, Zerodha, which gets good reviews. I have not tried them, they charge 20 Rs. Maybe you can overcome some of these issues with them. Can I sell today and transfer the shares tomorrow? How to negotiate a better rate? They too charge 0.
Shares which you purchase on sasonline, can be sold through sasonline seamlessly. Hdfc demat account charges brokerage is only shares lying currently in your DP that you need to go through the transfer process. I had an account with them, with a RM assigned, so it was easier. Even Kotak offers a 3-in-1 account, and even they negotiated down to hdfc demat account charges brokerage.
I also did this through my RM. Ultimately, I switched from both, because SAS was way cheaper, and the software more powerful.
No way they are willing to negotiate on brokerage. Will try going to branch and speaking. Another thing is Religare 0. SASonline asks to have balance in account before trading, right. Need to understand more as to how they link up demat and bank acc. Should I go for it? I like the GTC feature, good interface, free phone trading, etc. I was put off by maintaining minimum balance. Do I need to have funds in my bank account before placing order? Also I spoke with Geojit. They agreed for 0.
Not sure if I can trust them. I have accounts with icicidirect, smc and prabhudas liladhar. Most satisfied hdfc demat account charges brokerage services and brokerage rates and honesty of PL people. RJ Raja Janakiraman Hi, I trade with Religare and I find the service, interface is good but brokerage is high. Dear Ashwin I have recently since around months started trading with sasonline. So far, their customer service has also been excellent.
I would recommend them. Glad to be of help. Please tell me know. The hdfc demat account charges brokerage based platform is also decent. ValuePickr Research Resources Basics.
I opened my first demat account in just after getting hdfc demat account charges brokerage first job. I was excited to invest in the stock markets. Because my trading volume was very low and my overall investment in stock market was less than 1,00, rupees.
It was easy to transfer funds from my saving account to demat account, so the high transaction charges did not bother me. A trading account is used to place buy or sell orders in the stock market. Demat means dematerialising shares into digital format rather than on physical paper. If you are long term investor, then you must read the most insightful article — 7 Smart Steps to Start Investing in Stock Markets even if you have just Hdfc demat account charges brokerage. Give high amount of initial cheque when opening the demat account.
You can withdraw the money back to your saving account once the account is opened. But you will be able to negotiate for the lowest possible brokerage with Angel Broking or anyone that you select. I gave the first cheque of 1,00, Rupees and got the 0. There is no compulsion to invest money immediately, you can safely invest whatever you want, even if you want to start with Rs. InI started investing heavily into stock markets.
My trading volume is low because I prefer to buy shares for long term. For high trading volume you can open an account with 5Paisa You can Click here to open account with 5Paisa.
You can read the detailed review of demat accounts and decide which is the best trading platform for you. Unlike other demat and trading platforms, 5 Paisa offers flat Rs. No matter how much you buy. You will not be charged based on any percentage. Click Here to open an account with 5Paisa.
In either case, you will save a lot of money from the saving from your trade charges. Account opening is very easy hdfc demat account charges brokerage convenient. You fill up simple online form and they will come to collect your documents. Direct link to Fill up online application for 5Paisa Account. Angel broking is one of the oldest brokerage company in India having established network branches in over cities.
At present angel broking providing service to more than 10,00, customers. I negotiated the brokerage charges at the time of account opening by giving a high amount of opening cheque. Aditya Birla is relatively new in the market so I am not sure about their customer support.
I am listing here because of their affordable pricing and good brand name. If your fed up with paying annual maintenance charges to the brokerage companies, then you must consider Aditya Birla demat account. Currently, Aditya Birla offers demat-cum-trading account with no annual maintenance charges for 5 years.
For this, you have to pay one time demat account opening charges of Rs Apply for the Aditya Birla Account by clicking here. ADM offers terminal based, web based and mobile app based trading to its customers. Other then hdfc demat account charges brokerage platform ADM is providing a portfolio tracker and online analytical for better decision making.
You can also Access all account related information like portfolio tracker, capital gains, statement of accounts and DP Holdings and. RSL is a wholly owned subsidiary of hdfc demat account charges brokerage enterprise. RSL is a diversified financial service group which serving more than 8 lakh across both online and offline platforms. RSL offers broking services hdfc demat account charges brokerage equity, currency and commodity along with depository participant services.
Kotak securities demat account offers a single account to hold certificates of your financial instruments like shares, bonds, government securities, mutual funds, and exchange-traded funds ETFs.
Kotak securities provide a single platform for investments in equities, mutual funds, and currency derivatives. It also offers margin against securities using shares hdfc demat account charges brokerage your demat account. Available margin can be used for any of the three segments.
If you are looking for the broker advice then Kotak broker also provide daily alerts, economic reports and customizable Research Reports to its clients. Sharekhan is one of the leading online brokerage hdfc demat account charges brokerage having more than 12 lakh customer base. Presently company has providing service from more than offices across cities.
Hdfc demat account charges brokerage account has the features like multiple watch hdfc demat account charges brokerage, real-time portfolio tracking with price alerts and integrated banking. Motilal oswal financial services is at hdfc demat account charges brokerage third position in the list of best demat accounts in India. Presently the company has more than business locations with over 7.
Zerodha is one of the largest discount broker having more than Over 1. Zerodha is best for the small investors because there is no minimum charges of brokerage per trade. The brokerage rate is 0.
This will lead you in saving on brokerage. Their main business review comes from derivatives, hence they have decided to charge zero brokerage on delivery. Zerodha also offers a 60 Day Challenge. If a trader is net profitable in a 60 day period, all the brokerage charged to him will be refunded.
Maximum brokerage reversal is capped at Rs per challenge. You should not open Zerodha account just because it offers lowest rates. I do not have any account with Zerodha because I am not a trader. You should open Zerodha if your trade volume is more than 1Cr per year. Ventura is a full service broking company which provides service to clients to invest in equity, equity derivatives, commodities, mutual funds, hdfc demat account charges brokerage income products and currency futures.
I am Ventura customer for a long time. Their windows based trading platform is also good. You will need a little trading before starting your trading on their platform. Ventura charge different brokerage rate depends upon the plan that you will choose. You have to pay the plan amount at the account opening time. Your brokerage will be adjusted against deposit throughout the year. ICICI direct is one the largest share brokerage company having more than 20 lakh customers.
A variable percentage of brokerage is charged on basis of quarterly turnover. Higher the turnover, lesser will be the brokerage. A fixed percentage of brokerage is hdfc demat account charges brokerage on turnover. There is no turnover based slab rates like I- saver plan.
You have to pay prepaid brokerage under this plan. The brokerage rate is lesser as compare to the other two plan. HDFC securities provides 3-in-1 account which integrate your saving account, trading account and demat account. I tried to collect all required information in a single article. I would like to know which account you liked.
Kindly let me know in the comments. For high volume trading, the first preference should be 5Paisa. AngelBrokingthat provide you reliable trading platforms and awesome customer support. Avoid the common mistakes that I also did in the past and lost my money. I have written an article on how to avoid common mistakes in share market. You must read how to start investing in the indian stock market even if you have only Rs. How to open account and operate them. Request you to also review demat account provided by Yes bank.
Excellent compilation of various options available in the market. Thanks for this insightful write-up. Zerodha is one of the best. Everyone should hdfc demat account charges brokerage an account in zerodha.
It is best and application is also best comparing to others. They have indepth knowledge on each segment. An old organisation has the expertise and total paisa vassool. Your email address will not be published. Notify me of followup comments via e-mail. You can also subscribe without commenting. I started CashOverflow in and it has changed my life beyond my expectations.
Start Your Online Business. Additional menu Last Updated: Mar 2, I opened my first demat account in just after getting my first job.