VIKAS KULKARNI
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How TO Find Good Broker???-(KULKARNI)

Vikas Kulkarni at 01:45 PM - Jun 20, 2010 ( ) Views: 1,474

Dear All,



I found some messages by members where they asking about-margine,brokerage,service. But there are lot of contra views given by various members,so instead of helping them in to find good broker it results in to create big confusion.



So i decided to post my views on this subject,may it help u in ur decision.



FIRST STEP-



U need to decided whether u r going to trade ON-LINE or through ur local sub-broker (off-line).According to me u should go off-line if u r new in market.Bcoz ur sub-broker may guide u in this early stage.



SUB-BROKER-



Now most important thing in this is-HOW TO FIND GOOD SUB-BROKER. or guide on initial stage.The most important criteria which u want to apply that is-
EXPERIENCE.

In last 3-5 years lot of new sub-broking firms opened by MBA/B.COM passed students as well as by those who dont have even any primary knowledge of mkt. And i saw that how traders suffered by immature advice from their sub-brokers.So when u select sub-broker pls. see that he is experienced and have a good knowledge of mkt.



Share trading is very serious business,dont open an trading a/c only bcoz ur friend or relative start sub-broking firm.It may bring hurdles in relation-ship.



DECIDE WHAT U R???



Now u want to decide urself that-whether u r investor or trader???



If u want to remain in mkt as investor then good experienced sub-broker is ur only criteria.If u got that then u can go with him.



But if u want to become an active trader then only good experienced sub-broker is not enough.U need to look other factors like- Brokerage, margine,exposure.



BROKERAGE-



0.50 paisa for DELIVERY & 0.05 paisa for intraday as well as f&o.50 to 100 rs. per lot for options, Is the common brokerage for retail trader.



But some new brokerage house who want to create their client-base are offering very cheap brokerage rates.But with these newly opened broking houses there is problem of margine.Except Rmoney.



Now most of broking house offer various broking plans depend upon ur trading volume.So u can consult with ur broker if u think ur brokerage is higher than ur volume.U can bring it down to 0.10 paisa for delivery/0.01 paisa for intraday & and 10 to 50 rs. per lot for f&o.



But i repeat here volume is only one criteria which all broking house applies.



MARGINE-


Here company policy is supreme.
But common thing is all broking houses dose not allow much margine for new clients. But if broker satisfide with ur deals then he can offer u margine which needed.


SOME BROKING HOUSE WHICH ARE TRADERS FRIENDLY-



RELIGARE,VENTURA,Reliance-Money.



(i know here some members are sub-brokers for various broking houses,they may have different views on this post. But i write this thread as an active & experienced trader in mkt. i have experienced from most of leading broking houses.And another important thing is i m not connected with any of abv mentioned names directly or indirectly. so before taking any decision consult with ur friends/relatives.)





Vikas Kulkarni


(1 to 10 out of 10) - Latest Replies on Top | First | << Previous | Next >> | Last |
Sai Nath at 05:09 PM - Nov 05, 2010 ( )
Thank you its very helpful for new comers.

Mohan Joseph at 07:09 PM - Jun 20, 2010 ( )
Thank you.

Nitin Potade at 07:01 PM - Jun 20, 2010 ( )
Thanks Vikasji for your advice. Please suggest good broking house which has real time intra day chart and comparatively low brokerage for commodity trade.

Sanju Chunchunwalla at 06:47 PM - Jun 20, 2010 ( )
THERE IS NO PERFECT WOMEN AND STOCK BROKER IN THIS WORLD

Prasanna Kumar at 06:11 PM - Jun 20, 2010 ( )
THANK YOU VIKASJI..
KEEP SHARING 

Prasanna Kumar at 06:08 PM - Jun 20, 2010 ( )
KEEP SHARING

THANKING VIKASJI..



Pramod Kumar at 05:55 PM - Jun 20, 2010 ( )
Respected Vikas ji, Do you have any idea about the Portfolio Management Services of Niftylivecharts.com etc. OR can you u suggest any Good Brokers those reliable and offer reasonable return. Appreciate your valuable advise.

Anuja Iyer at 02:04 PM - Jun 20, 2010 ( )
Let me explain, As I am living abroad I am not in constant touch with my Relationship manager/stockbroker but still, I used to have so many trading accounts and the reason is, for F.n.O brokerage is very less in RK Global Rs.9 per lot and I do a lot of intraday option trading/option writing. Next for cash delivery, I use Appolo Sindhoori as they give 1week delivery margin and the brokerage is nominal like others. Next Indiainfoline lifetime free good for investing and keeping stocks dead without any yearly fees. Now searching for a stockbroker with the least margin blocking.

Memon Moin at 01:51 PM - Jun 20, 2010 ( )
thanks for sharing.

Jitesh Khagram at 01:48 PM - Jun 20, 2010 ( )
Thank u, vikas bhai

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