Stock Markets Exposed
i m just beginer in the stock market and now planning for opening a Demat and trading account?
since i m student i wont do much trading on daily basis..can u advice me from where i shud open a Demat and trading account in which brokerage is low..depending upon cost benefit analysiss
Public Comments
- First of all a Demat trading account will very soon be any trading account, very very very few firms are keeping certificates for cost reasons. Second its hard to answer a question of cost benefit if you don't say what you want out of a brokerage, but I will try. I would strongly recommend any online account that does not have a annual/monthly management fee. since you won't be doing a lot of trading but it sounds like you will be doing a lot of research, I am assuming this because your a student, you can pay more per trade just remember you have to make up that trading fee in your trade and if you are not trading with a lot of money you need to analyze the % of the trading fee, if you are trading only $150 with a $15 each way trading fee then you have to make at least 20% to break even on the trade! (and in this case you shouldn't be trading anyway). I currently use tradeking.com I really enjoy them, their fees are 4.95 each way.... so if you look at the above senerio you would only have to make 6.7% to break even. They have great screening tools, podcasts, blogs, great customer service and good educational opertunities. check'm out, thats just my two cents
