Choosing a best Online Stock Trading Account Provider/Broker in India

shantifs · Post by **shantifs** » Mon May 31, 2010 3:50 pm

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sp_blr · Post by **sp_blr** » Thu Jun 24, 2010 2:27 am

sambasambo1, Please let me know where did you end up opening your account based on your research.

kallu · Post by **kallu** » Thu Oct 14, 2010 5:37 pm

I have reading various forums for finding a discount broker. What is the meaning of delivery fees/intraday fees/ F&O ?

vanuma · Post by **vanuma** » Thu Dec 02, 2010 9:38 pm

Same question - any experiences with SBI account ?

cmdrsk · Post by **cmdrsk** » Thu Dec 02, 2010 11:16 pm

Group - I have exp with both ICICDIRECT and SBI. I am also active trader in TDM in USA.

Indian trading sites are nowhere close to US sites

When ICICIDIRCT was launched about 10 years back it was good , the services cost is too high. Had a nightmare to close it and get my money, They made run all over their office in Chennai from One near Valluvar Kottam (where I opened) to Nungambakkam road to the one on CEnetop road.
Finally was able to close and get my money.
Their system is ancient and costly to maintain.

2009 Dec - visited india chennai and opened SBI 3-in-1 acct. The agent helped do all paper work in Adyar branch.
Saving bank acct opening and enabling online banking was a nightmare.
Trading and Demat was good , they link all three together if you open all of then at one go.

Trading exp with SBI - Good , need to learn/get familier with the options. Initial trade was closed same day even though I di dnot sell, looke like i selected the wrong option to buy so by trading close it got sold automatically.

Its better to get all the password set up when you are in India, needs lot of in persn paperwor unless you know someone and scan /email the docs.

Luckily my wife was in Chennai for few more weeks I left so she being joint app in acct was able to follwo up. Still could not change my cell number to do online transfer from SB acct.

Summary SBI is good but need to be there in person and get all passwrod done, several of them.

If anyone needs details send per msg .

One thing to note this officially for indian residents only.

Not a advice but Short term sales (holding less than one year ) is taxable and living in US and doing it for high volume transactions might put into trouble with IT dept.

Long term - hold more than 1 years no tax to be paid.

pankajahuja855 · Post by **pankajahuja855** » Wed Dec 10, 2014 5:45 pm

RKSV & Finvasia should also feature in this list. They offer the most flexible pricing, advanced trading platforms & good client services. Finvasia and RKSV also have experienced research teams that provide extremely valuable inputs on short medium and long term perspectives.
Finvasia is good for starters as the best thing is that they offer an honest pricing structure. Generally we see brokers making false promises and then charging "Other Charges" which in case of Finvasia is very clean. Rare and surprising indeed that is!!!
There is a lot to choose from among online brokers in India these days, one should weigh the costs and comparing the services offered. Pricing, technology and credibility is what one should look for before taking a plunge into the markets.

shaeenpatel · Post by **shaeenpatel** » Thu Dec 28, 2017 11:40 am

You should choose the online broker based on the usability, charges and customer service. You should also keep in mind the type of services you require before selecting one. Tradebulls is a financial firm and offers online stock trading account.

shahsachin558 · Post by **shahsachin558** » Mon Jul 02, 2018 11:22 am

I think it is true that as a passive trader, there is no sense investing a huge sum of money. It is wiser to opt for banking and demat account. However, if you plan to invest and make hhuge sums then put some money aside and hire an online broker. Visit Trade Smart to gain all the knowledge associated with trading.

Ranger13 · Post by **Ranger13** » Fri Oct 26, 2018 7:31 pm

Friends ...on my recent India trip I opened an SBI investment account on my mothers name. She already has a savings account with them. I also have another account in ICICI under my FIL name. I want to invest close to 50 lakhs between these two accounts. However I have zero experience in Investing in Indian stock market and not sure how to operate these accounts. Lot of confusing acronyms and typical indian confused system.

My preference is to buy solid indian companies like Reliance etc on dips and hold for at least 10 years. Any advice on how to do it with the above accounts.