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Best Stock Broker

Ask your queries regarding operation of market. Simple keywords, etc. Like, how does Options work? What is a stoploss buy order? Etc.

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Old 5th August 2008, 04:31 AM
 
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AjjuBhai is on a distinguished road
Best Stock Broker


Hi,
I would like to know who is cheap and best stock broker for online Trading.
Can you please give me some info on it also what are the commisions etc etc . For eg lets say if I buy 2500 ABC stock @ 10 rupees each totalling of 25,000 rupees, what is the total cost involved I mean the brokerage commisons , taxes etc etc . Tell me for both Buy and Sell.

Thanks in advance for ur help.
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Old 5th August 2008, 05:33 PM
 
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pkapadia is on a distinguished road

Hello Ajjubhai,

A number of brokerage houses provide online trading these days like Religare, Reliance Money, Indiabulls, ICICIDirect etc. etc. If you are new to trading, I'd say you should really go to a broker office for awhile to get the feel of it. If you cannot, or if you have already done that; my advice would be to stick with the one whose office is in your neighbourhood so you can get help/service when you need it.

The other thing is they all have a tieup with a particular bank or two. If this bank happens to have a branch nearby that's a definite plus.

Once you develop a relationship with this broker, and as your trading volume goes up, you'll be in a better position to 'bargain' for lower brokerage.
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If people put you on the SPOT, ask about FUTURE, and give you no OPTION;
just tell'em "the LONG & SHORT of it is How to Make Money!"
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Last edited by pkapadia; 5th August 2008 at 05:42 PM.
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