FAQ on India - Online brokerage, trading, DMAT accounts

r2i2007 · Post by **r2i2007** » Thu Feb 08, 2007 10:16 pm

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

Desi · Post by **Desi** » Thu Feb 08, 2007 10:32 pm

Never dealt with Zecco.

TDAmeritrade should be fine.

Yes, vanguard is recommended for MFs.

r2i2007 · Post by **r2i2007** » Fri Feb 09, 2007 9:10 pm

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

Desi · Post by **Desi** » Fri Feb 09, 2007 9:28 pm

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.

doesntMatter · Post by **doesntMatter** » Tue Feb 13, 2007 8:20 pm

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

doesntMatter · Post by **doesntMatter** » Thu Feb 15, 2007 2:10 pm

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.

kdc_blue · Post by **kdc_blue** » Fri Feb 16, 2007 1:20 am

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.

doesntMatter · Post by **doesntMatter** » Fri Feb 16, 2007 7:41 am

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

kdc_blue · Post by **kdc_blue** » Sat Feb 17, 2007 7:57 am

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

sigma · Post by **sigma** » Sat Feb 17, 2007 11:54 am

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?