i am beginner to day trading. I have planned to trade with "Religare"..
Will it be best for day trading? Before that i want to know what are all the factors we need to consider before choose the broker for day trading? and kindly list me some of best brokers in day trading..
I like indiabulls Trading terminal! It is reliable with no downtime as we connect to servers directly!
You have nice technical intraday charts with a right click....
How much do they charge you for day trading?
In my opinion 5paisa is a much better choice for those who want to only day-trade.
They charge 5 paisa per Rs 100 and this can be reduced even further if the volumes generated by the trader are good. 5paisa terminal is good too. Actually I feel it's better than that of Indiabulls.
The normal rate at Indiabulls is 7 paisa, but hard negotation are bring it down by 2-4 paisa...
Not much experience with Religare, but I have heard a lot of good things about them.
In Religare they charged 0.05% for intra-day trading..It further get reduced as volume increases..And the following link provides the information about major brokers,their schemes and more..
To me Angel Broking provided a cheap brokerage rate and really good service (i mean they provide it to everyone) , like intraday - 0.15%
FnO - 0.15%
Cash - 0.25% and also if they find ur trading volume good enough, they further reduce your percent to 0.10% and all.
another thing, they don't demand advance brokerage too.in all it seems good to me.
How do they manage to pay like 0.10% per leg in intra-day and still trade. Take a look at volume toppers like Unitech, you hardly see it move more than 1.20% and picking in the valley and selling at the cone would be too difficult and impossible to predict.
You have to be real fine analyst with real experience to pay so much in brokerage and still be able to make profits.
I don't think you can have that precision in predicting market without insider inputs from big fishes and screens with like 21 EMAs imposed on one another.
How do they manage to pay like 0.10% per leg in intra-day and still trade. Take a look at volume toppers like Unitech, you hardly see it move more than 1.20% and picking in the valley and selling at the cone would be too difficult and impossible to predict
Smaller traders trade in highly volatile stocks and that is how they can afford to pay such high brokerage.
Day-traders are always on a lookout for stocks that are "moving".
You may have noticed that whenever stocks make a large move, the delivery percentage falls sharply.
Scalping and arbitrate trading are usually done by large players, whose transaction costs are negligible.
In my opinion 5paisa is a much better choice for those who want to only day-trade.
They charge 5 paisa per Rs 100 and this can be reduced even further if the volumes generated by the trader are good. 5paisa terminal is good too. Actually I feel it's better than that of Indiabulls.
The normal rate at Indiabulls is 7 paisa, but hard negotation are bring it down by 2-4 paisa...
Not much experience with Religare, but I have heard a lot of good things about them.
WHAT DO YOU MEAN BY GOOD VOLUMES...I MEAN HOW MUCH IS MINIMUM VOLUME TO NEGOTIATE LOWER BROKERAGE...?
I have demat/trading a/c with indiabulls. Company takes 0.5 paisa and 0.30 paisa brokerage.But sometimes when my intraday call would not be succeeded then I take a delivery of this stocks and convert in to BTST. Indiabulls gives me 7 days to clear my position. so when my stock would not be gave me profit I could not sold my stocks. For those 7 days company takes late payment charges for daily basis.
I am trading in my few selected stocks. So I buy good quantity of shares at a time.
so I want to know that :
--Which brokerage company is suitable for my daily trade ?
--Which brokerage company gives me more days for settle my positions ?
--Is RMoney suitable for my trade? because I hear that it takes 15 rupees per each trade .
Can anybody tell me how ICICI's brokerage charges compare against any other online platforms?
ICICI Direct has reduced its charges, but it is still is one of the most expensive brokerage houses.
What is your monthly turnover?
If it isn't much, you can opt for ICICIDirect.
The brokerage rates that your broker will give you will depend on your turnover. Thus it won't make sense to mention any specific rate without knowing your approximate turnover.
As of now,their brokerage is cheapest one in India.Their platform is NSE now.
Their service is also so nice. I am using it for last one month.
Zerodha isn't the cheapest.
A few other brokerage houses are also offering "fixed brokerage per trade" schemes.
e.g. R.K. Global charges Rs 9 per trade. They also charge Rs 99 per month as "Software Maintenance Charges", but if a person does more than 10 trades per month, his cost will be lower than with Zerodha.
A few other brokerage houses are also offering "fixed brokerage per trade" schemes.
e.g. R.K. Global charges Rs 9 per trade. They also charge Rs 99 per month as "Software Maintenance Charges", but if a person does more than 10 trades per month, his cost will be lower than with Zerodha.
Zerodha charges 20 Rs per executed order and not for 1 lot. What it means is, if we place a buy order for 10 lots of nifty and each lot gets executed as a different trade, we still pay Rs 20 only. They charge based on the executed order number, so even if we modify an order it will all be part of the Rs 20. Only if we cancel the order and place a fresh order which gets executed, then Rs 20 is charged again.This applies for intraday cash, delivery, futures and options.
I want to attach Brokerage Calculator, Sample Contract Notes of zerodha here.Please let me know how to attach files with reply.
So,I think zerodha is the cheapest brokerage concern in india.
Senior members, Please correct me if I am wrong.
Zerodha provide nse now which is provided by the NSE today is the fastest, most reliable platform with probably the lowest latency. When we place an order or when we are looking at the quotes on our terminal, traditionally we have to get through our brokers server which might slow it down. With NOW, we don't have to rely on Zerodha's server, we are relying on the NSE servers in the exchange. This is very important, especially in times of market volatility when reduced capacity of the brokers server may affect our trades. Also the chances of NOW not working or having a downtime is next to Zero. NSE NOW comes in both web based and exe based platform.
Why is NSE NOW not well known? Most of the existing brokers are already having risk management software for other platforms like ODIN, NEST etc and hence can't offer NOW which is a relatively new product of NSE.
Drawback of NSE NOW is it has very basic charting tools only.
I dont have trading experience with R.K. Global. Many of my friends have realized and informed me that rk global has issues in its diet-odin application like getting hang.
::::::::R K Global:::::::: clearly informs that they charge Rs. 99 per month per segment for web based version.They charge Rs. 299 per month per segment for Diet-odin.Additionally they charge Service tax also for the same. Intraday traders always prefer to use Exe based application(like diet-odin,nse now) rather than web based version.
Zerodha provides nse now for free of cost to us.
Last edited by saisai : 16th April 2011 at 12:31 PM.
Hi All,
I think brokerage depends from different branch to branch within a brokerage company.
I am trading with Sharekhan and they are offering me 2.5 paisa intraday and 25 paisa on delivery with no advanced brokerage and no commitment on volume front and on commodity they charge me even less (.015 %). I also get intraday calls from sharekhan through sms (though they are not very good, so Ijust ignore them ) but if you do technical analysis then go with them as their trade tiger software is best (provides 30 day intraday data, eod data and lots more).
Just go to a sharekhan shop and try to bargain and you will get good brokerage offering, but if you are also looking for good trading calls then don't go for sharekhan.
Best Broker for Day Trading?
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, like intraday - 0.15%
Lowest Brokerage
Linear Mode
