MoneymintMoneymint
    • ABOUT
    • BANK
    • CRYPTO
    • MONEY
    • TIPS
    • DISCLOSURE
      • DMCA
      • Terms and Conditions
      • Privacy Policy
    Subscribe
    MoneymintMoneymint
    Home»BUSINESS

    How To Choose Online Trading Site For India

    By ADITYAUpdated:August 8, 2020
    brokerages-of-india
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The stock markets have generated phenomenal returns over the last few years for Indian stock market punters. While many small-time investors have become millionaires, many have also become paupers because of ill-formed opinions. Thus choosing the right online trading platform minimizes the risk that an investor faces and increases your chances of success.

    The online platform is your primary interface for investing in the stock markets. It provides real-time information about share prices along with historical data to help you make informed decisions. Your trading terminal plays a key role in your success, more so for day traders who need precise, quick information to profit from market swings. A prudent investor is advised to thoroughly research the pro’s and con’s of existing online brokerages before signing up for them.

    You can compare the different trading accounts for the various features they provide before signing up for the account. Online Trading in India is more than a decade old and has more than a dozen popular brokerages across with offices across the country.

    How To Choose Online Trading Site For India

    Given below are some of the important features that you should inquire with your brokerage before opening your Demat account with them.

    1. Brokerage Rates:  Online trading platforms offer different rates depending on the volume of trading you do. Some discount brokerages offer a flat fee for high net-worth investors. Find out if you are eligible for any special rates.
    • Trading Platform: The trading platform is powered by software which varies with each brokerage. Some brokerages do not update their platforms regularly to save on costs. Check to find if your brokerages’ trading terminal up to date and is accessible via mobile, laptop, and tablet. There are different types of terminals for different types of trades.
    1. Research Reports: All brokerages regularly release reports on the best stocks to invest in. These reports are carefully vetted by veterans in the sector before they are offered to retail investors. Angel Broking has one of the best research departments in the trade, with many of their stock recommendations turning into multi-baggers.
    2. Investing Tools: For doing Technical analysis of a stock you require a robust, flexible platform. I have noticed that not many trading accounts have this feature but lack the advanced tools. So ask your brokerages if they offer the full suite of tools for technical analysis with advanced charting options. By using advanced charting options you can anticipate market swings and reduce the risk your portfolio faces.
    3. Portfolio Managing Services: Some brokerages offer tools for personal finance management. The tool usually involves a dashboard that keeps track of your bank balances. It can also be used to monitor your expenses so that you can save money by analyzing your monthly transactions.
    4. IPO Application Process: It is easy to apply for IPO’s from some trading accounts offered by big private banks in India. This is because many of them are also the lead managers of the Initial Public Offering. It is rumored that applicants from ICICIDirect get a preferential allotment of shares in an IPO which has been oversubscribed when ICICI is the book lead manager.
    best brokerage in india 2020 comparision of brokers
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    ADITYA

    Aditya is a talented content writer with a passion for crafting engaging and informative content that resonates with readers. With 10 years of experience in the industry, he has honed his writing skills to produce high-quality content across a wide range of topics.

    Keep Reading

    How to Buy in Bulk for Resale: A Guide

    How to Buy in Bulk for Resale: A Complete Guide

    Best Profitable Side Hustles for Couples

    How to Resell Items on Amazon? A Complete Guide

    How to Resell Items on Amazon? A Complete Guide

    25 Best Scalable Business Ideas You Can Start

    25 Best Scalable Business Ideas You Can Start

    Buying a Laundromat: Everything To Know

    How to Make and Sell Stickers Online: Ultimate Guide

    How to Make and Sell Stickers Online: Ultimate Guide

    Latest Articles
    Bhushan Kumar Net Worth, Income, Property
    March 18, 2023
    What do Public Utilities Jobs Pay? Full List of Jobs
    March 18, 2023
    Ulta Credit Card Payment Process
    March 17, 2023
    Best Weekend Side Jobs to Earn Extra Income
    March 17, 2023
    Sunil Shetty Net Worth, Hotels, Property
    March 16, 2023
    How many Jobs are available in Consumer Services? Full List
    March 16, 2023
    How to Find the History of a Property Online? Full Guide
    March 15, 2023
    A Comprehensive Govt ITI Courses List
    March 15, 2023
    Chiranjeevi Net Worth, Salary, House Price
    March 14, 2023
    20 Best Paying Jobs in Transportation with Salaries
    March 14, 2023

    Subscribe to Moneymint

    Every Sunday we email people like you with top tips, insights and opportunities to manage your finances and build your online business.

    The form collects name and email so that we can add you to our newsletter list for updates. Check out our privacy policy
    Please enter a valid email address
    That address is already in use
    The security code entered was incorrect
    Thanks for signing up
    Moneymint
    Moneymint is a personal finance website that offers a variety of resources and tools to help individuals earn money online, save money, and create passive income streams. The site aims to empower users to take control of their finances and achieve their financial goals.

    Moneymint™ | Corporate Park, D-21, Sector 21, Dwarka, Delhi 110077
    Categories
    • Bank
    • Business
    • Credit Cards
    • Crypto
    • Loan
    • Money
    • Net Worth
    DISCLAIMER

    The content on this site is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on our site may differ from actual numbers. See our Privacy Policy & Disclaimer for more details.

    © 2023 Framed Media
    • About
    • Contact us
    • DMCA
    • Terms
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.