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Brief Introduction - Online Stock Market Trading
Stock Exchange
Stocks (Shares, equity) are traded in stock exchange. India has two big stock exchanges
(Bombay Stock Exchange - BSE and National Stock Exchange - NSE) and few small
exchanges like Jaipur Stock Exchange, Bangalore Stock Exchange etc. Investor can trade
stocks in any of the stock exchange in India.
Stock Broker
Investor requires a Stock Broker to buy and sell shares in stock exchanges (BSE, NSE etc.).
Stock Broker is a registered member of stock exchange. A stock broker can register to one or
more stock exchanges. Broker charges commissions (brokerages) for his service. Brokerage
is usually a percent of total amount of trade and varies from broker to broker.
Stock Trading
Traditionally stock trading is done through stock brokers, personally or through telephones.
As number of people trading in stock market increase enormously in last few years, some
issues like location constrains, busy phone lines, miss communication etc start growing in
stock broker offices. Information technology (Stock Market Software) helps stock brokers in
solving these problems with Online Stock Trading.
Online Stock Market Trading is an internet based stock trading facility. Investor can trade
shares through a website without any manual intervention from Stock Broker.
There are two different type of trading environments available for online equity trading.
1. Installable software based Stock Trading Terminals
This trading environment requires software to be installed on investors computer.
This software is provided by the stock broker. This software requires high speed
internet connection. These kind of trading terminals are used by high volume intra day
equity traders.
2. Web (Internet) based trading application
This kind of trading environment doesn't require any additional software installation.
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They are like other internet websites which investor can access from around the world
through normal internet connection.
How do stock markets operate
Stock exchanges are like market places, where stockbrokers buy and sell securities forindividuals or institutions. As per the SCRA (Securities Contracts Regulation Act) 1956, thedefinition of securities includes shares, bonds, stocks, debentures, government securities,derivatives of securities, units of collective investment scheme (CIS) etc.
The securities market has two interdependent segments: the primary and secondary market.
The primary market is the channel for creation of new securities issued by public limited
companies or by government agencies. New securities issued in the primary market are
traded in the secondary market. The secondary market operates through the over-the-counter
(OTC) market and the exchange-trade market.
Advantages of Stocks Trading
1. Better returns
Actively trading stocks can produce better overall returns than simply buying and holding.
2. Huge Choice
There are thousands of stocks listed on markets around the world. There is always a stock
whose price is moving - its just a matter of finding them.
3. Familiarity
The most traded stocks are in the largest companies that most of us have heard of and
understand - Microsoft, IBM, and Cisco etc.
Disadvantages of Stocks Trading
1. Leverage
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With a margined account the maximum amount of leverage available for stock trading is
usually 4:1. Meaning a $25,000 could trade up to $100,000 of stock. This is pretty low
compared to forex trading or futures trading.
2. Pattern Day Trader Rules
It requires at least $25,000 to be held in a trading account if the trader completes more than 4
trades in a 5 day period. No such rule applies to forex trading or futures trading.
3. Uptick Rule on Short Selling
A trader must wait until a stock price ticks up before they can short sell it. Again there are no
such rules in forex trading or futures trading where going short are as easy as going long.
4. Need to Borrow Stock to Short
Stocks are physical commodities and if a trader wishes to go short then the broker must have
arrangements in place to borrow that stock from a shareholder until the trader closes their
position. This limits the opportunities available for short selling. Contrast this to futures
trading where selling is as easy as buying.
5. Costs
Although online trading costs for stock trading are low they still add considerably to the costs
of day trading. Online futures trading are about 1/4 of the cost for the equivalent value. In the
UK 0.5% stamp duty is also levied on all share purchases making trading virtually
impossible, hence the popularity of spread betting.
List of Stock Brokers of India
5Paisa.com
Advani Share Brokers
http://www.searchindia.com/cgi-bin/search/index.cgi?ID=966377344http://www.searchindia.com/cgi-bin/search/index.cgi?ID=1016666638http://www.searchindia.com/cgi-bin/search/index.cgi?ID=1016666638http://www.searchindia.com/cgi-bin/search/index.cgi?ID=9663773448/9/2019 7967045 Stock Brokers
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Anand Rathi Securities
Brescon Group
CIL Securities
CRN India Churiwala Securities
DSP Merrill Lynch
Dalmia Securities
Gandhi Securities
Gogia Capital Services
Hasmukh Lalbhai
ICICIDirect
Idafa Investments
India Market Access
Investsmart India
Kisan Ratilal Choksey Shares
Kotak Securities
Manubhai Mangaldas Securities
Moneypore
Navia Markets
Parag Parikh
Parsoli Corporation
Pratibhuti Viniyog
Prudential
Quantum Securities.
Reliance Money
Sivan Securities
Skindia Finance
Stock Holding Corporation of India
StockMarkit.com
Sunidhi Consultancy
Valia Consultancy
MAIN STOCK BROKERS:
http://www.searchindia.com/cgi-bin/search/index.cgi?ID=955747502http://www.searchindia.com/cgi-bin/search/index.cgi?ID=973785596http://www.searchindia.com/cgi-bin/search/index.cgi?ID=947985327http://www.searchindia.com/cgi-bin/search/index.cgi?ID=956950423http://www.searchindia.com/cgi-bin/search/index.cgi?ID=987687249http://www.searchindia.com/cgi-bin/search/index.cgi?ID=947365968http://www.searchindia.com/cgi-bin/search/index.cgi?ID=955888141http://www.searchindia.com/cgi-bin/search/index.cgi?ID=987687084http://www.searchindia.com/cgi-bin/search/index.cgi?ID=930095925http://www.searchindia.com/cgi-bin/search/index.cgi?ID=993560917http://www.searchindia.com/cgi-bin/search/index.cgi?ID=978734958http://www.searchindia.com/cgi-bin/search/index.cgi?ID=930088159http://www.searchindia.com/cgi-bin/search/index.cgi?ID=952057582http://www.searchindia.com/cgi-bin/search/index.cgi?ID=979347867http://www.searchindia.com/cgi-bin/search/index.cgi?ID=947365119http://www.searchindia.com/cgi-bin/search/index.cgi?ID=987687737http://www.searchindia.com/cgi-bin/search/index.cgi?ID=1000747099http://www.searchindia.com/cgi-bin/search/index.cgi?ID=968327356http://www.searchindia.com/cgi-bin/search/index.cgi?ID=956269124http://www.searchindia.com/cgi-bin/search/index.cgi?ID=959008817http://www.searchindia.com/cgi-bin/search/index.cgi?ID=956269269http://www.searchindia.com/cgi-bin/search/index.cgi?ID=930089345http://www.searchindia.com/cgi-bin/search/index.cgi?ID=930089426http://www.searchindia.com/cgi-bin/search/index.cgi?ID=930089783http://www.searchindia.com/cgi-bin/search/index.cgi?ID=956269857http://www.searchindia.com/cgi-bin/search/index.cgi?ID=956308138http://www.searchindia.com/cgi-bin/search/index.cgi?ID=963498864http://www.searchindia.com/cgi-bin/search/index.cgi?ID=963935171http://www.searchindia.com/cgi-bin/search/index.cgi?ID=987686896http://www.searchindia.com/cgi-bin/search/index.cgi?ID=955747502http://www.searchindia.com/cgi-bin/search/index.cgi?ID=973785596http://www.searchindia.com/cgi-bin/search/index.cgi?ID=947985327http://www.searchindia.com/cgi-bin/search/index.cgi?ID=956950423http://www.searchindia.com/cgi-bin/search/index.cgi?ID=987687249http://www.searchindia.com/cgi-bin/search/index.cgi?ID=947365968http://www.searchindia.com/cgi-bin/search/index.cgi?ID=955888141http://www.searchindia.com/cgi-bin/search/index.cgi?ID=987687084http://www.searchindia.com/cgi-bin/search/index.cgi?ID=930095925http://www.searchindia.com/cgi-bin/search/index.cgi?ID=993560917http://www.searchindia.com/cgi-bin/search/index.cgi?ID=978734958http://www.searchindia.com/cgi-bin/search/index.cgi?ID=930088159http://www.searchindia.com/cgi-bin/search/index.cgi?ID=952057582http://www.searchindia.com/cgi-bin/search/index.cgi?ID=979347867http://www.searchindia.com/cgi-bin/search/index.cgi?ID=947365119http://www.searchindia.com/cgi-bin/search/index.cgi?ID=987687737http://www.searchindia.com/cgi-bin/search/index.cgi?ID=1000747099http://www.searchindia.com/cgi-bin/search/index.cgi?ID=968327356http://www.searchindia.com/cgi-bin/search/index.cgi?ID=956269124http://www.searchindia.com/cgi-bin/search/index.cgi?ID=959008817http://www.searchindia.com/cgi-bin/search/index.cgi?ID=956269269http://www.searchindia.com/cgi-bin/search/index.cgi?ID=930089345http://www.searchindia.com/cgi-bin/search/index.cgi?ID=930089426http://www.searchindia.com/cgi-bin/search/index.cgi?ID=930089783http://www.searchindia.com/cgi-bin/search/index.cgi?ID=956269857http://www.searchindia.com/cgi-bin/search/index.cgi?ID=956308138http://www.searchindia.com/cgi-bin/search/index.cgi?ID=963498864http://www.searchindia.com/cgi-bin/search/index.cgi?ID=963935171http://www.searchindia.com/cgi-bin/search/index.cgi?ID=9876868968/9/2019 7967045 Stock Brokers
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ICICIDirect (or ICICIDirect.com) is stock trading company of ICICI Bank. Along with stock
trading and trading in derivatives in BSE and NSE, it also provides facility to invest in IPOs,
Mutual Funds and Bonds.
Type of Account
ICICIDirect offers 3 different online trading platforms to its customers:
i. Share Trading Account
Share Trading Account by ICICIDirect is mainly for buying and selling of stocks in
BSE and NSE.This account allows Cash Trading, Margin Trading, Margin Plus
Trading, Spot Trading, Buy Today Sell Tomorrow and Call and Trade on phone.They
also provide installable application terminal based application for high volume trader.
ii. Wise Investment Account
Along with stock trading and IPO investing in BSE and NSE, Wise Investment
account also provide options to invest in Mutual Funds and Bonds online.Online
Mutual funds investment allows investor to invest on-line in around 19 Mutual Fund
companies. ICICI Direct offers various options while investing in Mutual Funds like
Purchase Mutual Fund, Redemption and switch between different schemes, Systematic
Investment plans, Systematic withdrawal plan and transferring existing Mutual Funds
in to electronic mode. This account also provides facility to invest in Government of
India Bonds and ICICI Bank Tax Saving Bonds.
ICICIDirect.com website is the primary tool to invest in Mutual Funds, IPOs, Bonds
and stock trading.
iii. Active Trader Account
Active Trader account gives more personalized investment options to the investors. It
allows investor to use online and offline stock trading. It also provides with
independent market expertise and support through a dedicated Relationship Manager
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from ICICI. Active Trader also provides commodity trading.
Brokerage and fees
1. Account opening fees : Rs 750/- (One time non-refundable)
2. Brokerage : ICICIDirect.com brokerage varies on volume of trade and inclusive of
demat transaction charges, service taxes and courier charges for contract notes. It
ranges from 0.1% to 0.15% for margin trades, 0.2% to 0.425% for squared off trades
and 0.4% to 0.85% on delivery based trades.
Advantages of ICICIDirect
1. 3-in-1 account integrates your banking, broking and demat accounts. All accounts are
from ICICI and very well integrated. This feature makes ICICI the most interesting
player in online trading facility. There is absolutely no manual interfere require. This is
truly online trading environment.
2. Unlike most of the online trading companies in India which require transferring money
to the brokers pool or towards deposits, at ICICIDirect you can manage your own
demat and bank accounts through ICICIdirect.com. Money from selling stock is
available in ICICI bank account as soon as the ICICIDirect receive it.
3. Investment online in IPOs, Mutual Funds, GOI Bonds, and Postal Savings Schemes all
from one website. General Insurance is also available from ICICI Lombard.
4. Trading is available in both BSE and NSE.
Disadvantages of ICICIDirect
1. Getting access to ICICIDirect.com website during market session can be frustrating.
2. ICICIDirect brokerage is high and not negotiable.
3. Not all stocks are available under Margin Plus.
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Reliance Money, A Reliance Capital Limited company, is the financial services division of the
Rs 10'000 Crore Reliance Anil Dhirubhai Ambani Group. Reliance Money has over
22 lakhs customers and more then 10'000 branches in around 5000 cities in India. Company is
among the largest broking and distribution house of financial products and having share of
more then 3% of total stock market volume at BSE & NSE.
RelianceMoney.com enables its customer to invest & manage most of the services provided
by Reliance Money including Equity (Stock) Trading, Commodity Trading, Derivatives,Mutual Fund Investment, IPO Investment, Life Insurances, General insurances, Money
Transfer, Forex exchange, Gold Coins and Credit Cards Services. Company recently entered
in to Wealth Management with tools like investment in equity-linked portfolio management
services, structured products, insurance and mutual funds.
The Reliance Money stock trading websites uses special security features 'Security Token'
which makes online trading more secure without complexity.
Stock Trading through RelianceMoney.com is available for BSE and NSE stock exchanges.
Offline trading is also available through Reliance Money partners in more then 5000 city
across India and through phone by dialling 022-39886000.
The investment options available with Reliance Money online portal are as below:
1. Equity (Stock) Trading at BSE, NSE and NSE F&O
2. IPO Investment3. Derivatives Trading
4. Forex Trading
5. Commodity Trading(Gold, Silver, Crude etc....) at MCX, NCDEX and NMCE (FAQ's)
6. Mutual Fund Investment
7. Life & General Insurance
8. 'Pure Swiss' Gold Coins (99.99% pure, 24 carat)
Trading Platforms
http://funopenchild%28%27http//www.chittorgarh.com/stockmarket/Reliance-Money-Security-Token.asp');http://www.reliancemoney.com/cmt/upload/research/commodity%20online%20FAQs.pdfhttp://funopenchild%28%27http//www.chittorgarh.com/stockmarket/Reliance-Money-Security-Token.asp');http://www.reliancemoney.com/cmt/upload/research/commodity%20online%20FAQs.pdf8/9/2019 7967045 Stock Brokers
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Reliance Money provides 3 different trading platforms for equity trading:
1. Insta Trade
2. Fast Trade
3. Easytrade
Reliance Money Technical Analysis (A paid service)
Relance Money offers a simplified, automated, sophisticated technical analysis to Indian retail
broking consumers with the help of Recognia's Technical Analysis tools. Recognia, a Canada
based company, has proprietary pattern recognition technology capable of recognizing
patterns in the price charts of any publicly traded financial instrument including stocks, bonds,
funds, commodities, currencies and indexes.
The technical services are available for introductory free 7-day trail period to Reliance Money
users. Post the trail period, this service is available to users at a nominal subscription of Rs. 99
for 3 months/ Rs. 179 for 6 months/ Rs. 299 for a year, i.e., less than Re 1 a day.
Reliance Money Brokerage and fees:
Reliance Money offers lowest brokerage rates in today's online stock trading industry in India.
The brokerages are as low as 0.075% for delivery based trading and 0.02 for now delivery.
For more detail about Reliance Moneys brokerage and fees visit the below section of this
webpage.
Reliance Money Demat Account Charges:
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Fee Head
DP Charges
Annual Services Charges - For Individuals / HUFs / Trust
Rs. 50/-
Annual Services Charges - For NRIs / Foreign Nationals, Corporates / Others
Rs. 1000/-
Transaction Charges - SELL (Market & Off Market)
For instructions given in physical form.
Rs. 25/-
Transaction Charges - SELL (Market & Off Market)
For instructions received through Internet/ online trading through Reliance
Securities Ltd.
Rs. 12/-
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Note: The brokerage & fees on this webpage may not accurate, please contact your nearest
Reliance Money broker for latest available information. Also check rates of Securities
Transaction Tax
Advantages of Reliance Money
1. Extra security features with 'Security Token'', which is the most secure and tested
technology in computer world.
2. Simple, easy and fast online stock trading.
3. Almost all investment options are available under one account including Equity
Trading, Derivatives, Forex, Commodity, IPO, Mutual Funds and Insurance.
4. Branches are available in all major cities and the number is growing.
Benefits of having a Reliance Money account:
1. It's Cost-effective
You pay comparatively lower transaction fees. As an introductory offer, we invite you
to pay a flat fee of just Rs. 500/- and transact through Reliance Money. This fee is
valid for two months or a specified transaction value*. See the table for details.
2.
http://www.cse-india.com/CSE%20Notices%20&%20Circulars/2006/Notice300506_1.htmhttp://www.cse-india.com/CSE%20Notices%20&%20Circulars/2006/Notice300506_1.htmhttp://funopenchild%28%27http//www.chittorgarh.com/stockmarket/Reliance-Money-Security-Token.asp');http://www.cse-india.com/CSE%20Notices%20&%20Circulars/2006/Notice300506_1.htmhttp://www.cse-india.com/CSE%20Notices%20&%20Circulars/2006/Notice300506_1.htmhttp://funopenchild%28%27http//www.chittorgarh.com/stockmarket/Reliance-Money-Security-Token.asp');8/9/2019 7967045 Stock Brokers
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Validity
(wichever is
earlier)
Turnover limit
Access Fee
(Rs.)
Time Validity
Turnover
Validity
Non-delivery
turnover
Delivery
turnover
500
2 months
Rs. l Cr.
Rs. 90 Lac
Rs. 10 Lac
1350
6 months
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Sharekhan is online stock trading company of SSKI Group, provider of India-based
investment banking and corporate finance service. ShareKhan is one of the largest stock
broking houses in the country. S.S. Kantilal Ishwarlal Securities Limited (SSKI) has been
among Indias leading broking houses for more than a century.
Sharekhan's equity related services include trade execution on BSE, NSE,
Derivatives, commodities, depository services, online trading and investment advice. Trading
is available in BSE and NSE. Along with Sharekhan.com website, ShareKhan has around 510
offices (share shops) in 170 cities around the country.
Share khan has one of the best state of art web portal providing fundamental and statistical
information across equity, mutual funds and IPOs. You can surf across 5,500 companies for
in-depth information, details about more than 1,500 mutual fund schemes and IPO data. You
can also access other market related details such as board meetings, result announcements, FII
transactions, buying/selling by mutual funds and much more.
Type of Account
1. ShareKhan Classic account
Allow investor to buy and sell stocks online along with the following features like
multiple watch lists, Integrated Banking, demat and digital contracts, Real-time
portfolio tracking with price alerts and Instant credit & transfer.
a. Online trading account for investing in Equities and Derivatives
b. Free trading through Phone (Dial-n-Trade)
I. Two dedicated numbers for placing your orders with your cellphone or
landline.
II. Automtic funds tranfer with phone banking (for Citibank and HDFC
bank customers)
III. Simple and Secure Interactive Voice Response based system for
authentication
http://www.sski.co.in/http://www.sski.co.in/8/9/2019 7967045 Stock Brokers
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IV. get the trusted, professional advice of our telebrokers
V. After hours order placement facility between 8.00 am and 9.30 am
c. Integration of: Online trading + Bank + Demat account
d. Instant cash transfer facility against purchase & sale of sharese. IPO investments
f. Instant order and trade confirmations by e-mail
g. Single screen interface for cash and derivatives
ShareKhan SpeedTrade account
This accounts for active traders who trade frequently during the day's trading session.Following are few popular features of SpeedTrade account.
h. Single screen interface for cash and derivatives
i. Real-time streaming quotes with Instant order Execution & Confirmation
j. Hot keys similar to a traditional broker terminal
k. Alerts and reminders
l. Back-up facility to place trades on Direct Phone lines
Brokerage:
Some stock trading companies charge direct percentage while others charge a fixed amount
per Rs 100. Sharekhan charges 0.5% for inter day shares and 0.1% for intra day or you could
say Sharekhan charges 50 paise per Rs 100.
How to open account with Sharekhan?
For online trading with Sharekhan, investor has to open an account. Following are the ways to
open an account with Sharekhan:
Call them at phone number provided below and ask that you want to open an account
with them.
1. Call on Toll free number: 1-800-22-7500 to speak to a Customer Service
executive
2. If you are in Mumbai call on 022-66621111 Visit one of their branches. Sharekhan has a huge network all over India. Click on
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http://sharekhan.com/Locateus.aspx this link to find out your nearest branch. Just
select the place near you and you'll find a manager to assist you there.
You can send them an Email on [email protected] to know about their products
and services. If you wish to chat with customer service representative, you can join the chat
sesssion.
Advantages of Sharekhan:
1. Online trading is very user friendly and one doesn't need any software to access.
2. They provides good quality of services like daily SMS alerts, mail alerts, stock
recommendations etc.3. Sharekhan has ability to transfer funds from most banks. Unlike ICICI Direct, HDFC
Sec, etc., so investor not really needs to open an account with a particular bank as it
can establish link with most modern banks.
Disadvantages of Sharekhan:
1. They charge minimum brokerage of 10 paisa per stock would not let you trade stocks
below 20 rs. (If you trade, you will loose majority of your money in brokerage).2. Lots of hidden rules and charges.
3. They do not provide facility to book limit order trades during after-hours.
4. Classic account holders cannot trade commodities.
5. Cannot purchase mutual funds online.
Kotak Securities Limited, a subsidiary of Kotak Mahindra Bank, was set up in
1994. Kotak Securities is a corporate member of both Bombay Stock Exchange
(BSE) and National Stock Exchange (NSE). Currently, Kotak Securities is one of
the largest broking houses in India with wide geographical reach.
Kotak securities online trading, is the online trading portal of the Kotak Securities Ltd, the
leading stock broking house of India. The online division of Kotak Securities Limited
http://sharekhan.com/Locateus.aspxhttp://sharekhan.com/Locateus.aspx8/9/2019 7967045 Stock Brokers
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provides services like internet broking services, online IPO and mutual fund investments.
Account Types:
Kotak offers different account types according to users requirement:
1. Kotak Gateway
Kotak securities gateway account opens the gateway to a world of investing
opportunities for beginners. Kotak gateway user can trade anywhere, anytime using
internet.Kotak also offers call and trade facility.
They provide sms alert, research report, free news and market updates. Best feature
of Kotak gateway is call and trade facility. Anybody can activate Kotak securities
gateway account with any amount between Rs 20,000 to 5, 00,000. This can be in
form of cash deposit or the value of the shares you buy. Brokerage will be charged
based on the account type. For intraday trading brokerage is .06% both sides for less
then 25 lakhs and .023% for more then 25 crores.
2. Kotak Privilege Circle
This is the premium account for its users. Along with kotak gateway account
benefits they provides independent market expertise and support through a dedicated
relationship manager and a dedicated customer service desk which provides
assistance in opening accounts, handling day-to-day problems, and more. They
provides KEAT premium which is an exclusive online tool that lets you monitorwhat is happening in the market and view your gains and losses in real-time.
One can activate Kotak securities privilege circle account with any amount more
than Rs. 10, 00,000/- as margin, by way of cash or stock. For intraday trading
brokerage is .06% both sides for less then 25 lakhs and .03% for more then 25
crores.
3. Kotak High Trader
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This is the best offer for daily trader or intraday traders. This is an Auto Square Off
product where you can enjoy the benefits of intra-day trading. Trader can get the 6
times exposure on the margin. They provide all the benefits which kotak gateway
and privilege account provides. Trader can apply paper free order for IPO.
One can activate Kotak securities high trader with any amount less than Rs 5,
00,000/- as margin, by way of cash or stock. The minimum brokerage that is
applicable in the Kotak high trader account is 4 paisa on delivery and 4 paisa in the
cash segment.
4. Kotak Freeway
Frequent trader use this account type because freeway account enables its users to
trade as many times as they like - at a fixed brokerage.
One can activate Kotak securities freeway with any amount less than Rs. 1, 25,000/-
as margin, by way of cash or stock. They charge fixed brokerage of Rs.999/- a
month and on delivery transaction brokerage is .59% on less then 1lakhs and .18%
on more then 2 crores.
5. Kotak Flat
This product is best suited for the needs of the Indian retail investor who actively
invests through the internet. Kotak flat introduces the international trend of charging
brokerages on per trade basis. Brokerage rate works up to 0.18% on delivery trades
and 0.018% for intraday trades.
6. Kotak Assist
This account most suits to long term investors. This account provides Complete
assistance on all your financial investment.
Brokerage and Account opening fees:
A trading account in Kotak requires you to have a minimum of Rs.1000 to start with, the
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bank account to have a minimum of Rs.2500.
Brokerage:
1. For Intra-day trading, Kotak brokerage is around 0.05%.
2. For delivery trading, Kotak brokerage is around 0.45%.
Advantages of Kotak Securities Limited
1. Kotak provides a Call & Trade facility to its customers wherein they can place and
track their orders through phone when they are away from home.
2. They provides daily SMS alerts, market pointers, periodical research reports, stock
recommendations etc.
3. Kotak provides exclusive online tool to monitor what is happening in the market and
also investor can view gains/losses in real-time.
Disadvantages of Kotak Securities Limited
1. In online trading sometimes delay comes. So it can be frustrating.
Indiabulls is India's leading Financial Services and Real Estate Company having presence
over 414 locations in more than 124 cities. Indiabulls Financial Services Ltd is listed on the
National Stock Exchange, Bombay Stock Exchange, Luxembourg Stock Exchange and
London Stock Exchange.
Type of Account
1. Indiabulls Equity Trading Account
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Indiabulls Equity Trading Account is standard Online trading account from India bulls
and along with online trading it also provides priority telephone access that gives you
direct access to your Relationship Manager and full access to 'Indiabulls Equity
Analysis'.
Application Trading Terminal(Need Installation)
1. Power Indiabulls
Power Indiabulls trading terminal is the most advanced new generation trading
platform with great speed. This trading terminal is built in JAVA.
Power Indiabulls is extremely reach in features including Live Streaming Quotes, Fast
Order Entry and execution, Tic by Tic Live Charts, Technical Analysis, Live News and
Alerts, Extensive Reports for Real-time Accounting.
Brokerage and fees :
1. Account opening fees : Rs 1200/- (One time non-refundable) as below:
250/- Equity Trading Account opening charge
200/- Demat Account opening charge
750/- Software changes
Advantages of Indiabulls Equity Trading Account
1. Brokerage is less compare to other online trading companies.
2. Provide trading terminal 'powerbulls', a java based software. It's very fast in terms of
speed and execution.
Factors That Affect The Stock Market:
There's such an excess of information these days: monthly investment magazines covering
the market, daily investment newspapers doing the same, and minute-by-minute coverage on
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CNBC. They're all trying to tell, what's driving the stock market. Of all the factors that affect
the stock market, only two things drive the markets. The Two E's
The Two E's
The first "E" is earnings, and it is extremely important. The big question here is what is the
stock price in relation to the company's earnings? That tells, whether a stock is cheap or
expensive. This is what we need to know and the information is easy to find.
What you need to realize here is that, unless stocks fall by over 50% - or unless earnings
more than double - you don't even need to check in with this number. You know that stocks
are expensive in relation to their earnings, and will be for a while.
The second factor that drives the markets is Emotions. Emotions are a huge part of investing.
It was earnings that drove the Nasdaq from 1,500 to 5,000, and then back to 1,500, all in four
years time? Emotions played a big part in this example.
Supply chain approach
Clients of the brokers can open savings, current accounts under specific product codes. The
opening of these accounts may facilitate faster movement of funds between the broker and
client. Considering the overall relationship with the brokers, the savings/ current accounts are
offered with special average quarterly balance requirements. These accounts are aimed at
various participants in the entire value chain viz. Investors, Sub-Brokers, Franchisees etc.
Career opportunities
All prominent stock broking houses such as Indiabulls, Kotak Securities, Reliance
Money and several other local players are expanding their networks. At the same
time, increasing trading on commodity exchanges has also fuelled the growth of the
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markets resulting in demand for more manpower. Stock broking houses are likely to
create over 50,000 job opportunities in next one year for various functions.
They are also in need of customer relationship managers, dealers and analysts. Stock
brokers are also looking for sophisticated IT professionals to commission andmaintain their offices.
Portfolio managers are responsible for making investment decisions for clients with
large sums of money to invest. They need to be well informed about the goals of theclient.
Buying and selling securities demands good interpersonal and sales skills and being
well-informed about various investment products. Due to advances in telecommunications and computer technology, the securities and
commodities industry has become highly automated. Consequently, computerscientists, computer engineers and systems analysts also find employment in the
industry today.
Training
National Stock Exchange of India Ltd. (NSE) has evolved a testing and certification
mechanism known as the National Stock Exchange's Certification in FinancialMarkets (NCFM) which is online and fully automated. It offers all certificationsmandated by Securities and Exchange Board of India (SEBI), IRDA, NationalSecurities Depository Limited (NSDL), AMFI and the NSE itself. Practicalknowledge and skills are tested in nine securities market related modules. These testsensure that a person dealing with financial products has a minimum knowledge of
them, the markets and regulations. Hence it is required that all new employees joiningthe intermediaries and all intermediaries joining the market should be certified.
The Association of Mutual Funds in India (AMFI) has started the AMFI Mutual Fund
Certification (www.amfiindia.com / testingprogram.html). The AMFI Mutual Fund(Basic) Module is a general test and the second module is the AMFI Mutual Fund(Advisors) Module which all fund distributors or intermediaries and Mutual Fundemployees engaged in selling and marketing of mutual fund schemes will be requiredto take.
BSE Training Institute (BTI), The Stock Exchange, Mumbai offers certification tests
and training programmes. Graduation may not be necessary for becoming a stock broker, but many are business
administration or commerce graduates. Formal educational or training programme onsecurities markets is not easily available. This has necessitated the need forcertification.
Economics and Commerce postgraduates, CFAs, MBAs in Finance, Chartered
Accountants, Cost and Works Accountants, Company Secretaries and alliedprofessionals may pursue stock market careers. They may or may not requirecertification as mentioned above depending upon the nature of their responsibilities.
Threats
The future of stock market careers depends immediately and directly on the success of theeconomy. When the stock market is riding high, customers play the market and there are lots
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of opportunities. When the economy slows down, people get out of the market and brokerslose their commissions.