r2i forum

What is the best way to continue trading after R2I?
Any suggestions for a good online brokerage firm? Anybody dealt with zecco?

What is the best way to invest in MF's? I have read about vanguard, so is that the way to go?

Thanks

Never dealt with Zecco.

TDAmeritrade should be fine.

Yes, vanguard is recommended for MFs.

Any low cost online brokerage? TD has like 9.99 trades I believe

9.99 is inexpensive to me unless my transaction amounts are 2000 or less.

If one is doing a lot of trading, then 9.99 may hurt but than someone trading frequently is speculating heavily and am hoping doing it for hundreds and thousands in gain / risk, so $10 should be small amount.

Scottrade has $7 trades, but I think they will not support overseas accounts.

Any other cheap brokerages, I have never tried.

Hello All,

I request members to voice their opinion on different Demat Providers and online brokers.
Do I need to apply for a seperate Demat account and a brokerage account ?
What is the general consensus regarding a good provider at a reasonable cost ? I am not a trader and plan to invest mainly in IPOs and invest in some ETFs

I would appreciate your inputs.

Thanks

Seems like no one is interested in this topic. So, I will make one more attempt to get some answers. The reason I ask is that I found out ICICI charges 0.75% as fee for a transaction (I dont know if it is for both buying and selling). I am sure that this forum with no-load/index investors would have found better alternatives. Looks like sharekhan charges 0.03% but I have heard of hidden charges with sharekhan (not sure if this is true).

Any inputs ?

Admins, I will delete this thread if there is no interest.

I have been using angel broking (www.angeltrade.com) for trading in the Indian markets and I have had very good experience with them. My demat account is with them as well. They have a funds transfer option with ICICI Bank, HDFC Bank and another bank that I don't recollect wherein you can instantaneously transfer funds from your bank account to your trading account as and when you want to purchase shares.

kdc_blue, Do you know the tarriff they charge ? Any hidden charges ? Do you trade often ?
I hope you will answer some of my questions.

Thanks

Angel also charges 0.75% as brokerage fees. There are no hidden charges except the yearly NSDL custodian fees for your demat account.

Interactive Brokers have low commissions for stocks and options. I have been with TD for a long time and I find IB pretty decent and executions are great. You have a $10 fee per month for real time quotes. You may have to check whether they can maintain a/cs with Indian addresses.

Desi,
If you have had any experience with IB could you share?