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Open Online Trading Account With The Lowest Brokerage Charges
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To trade online you need a demat and trading account. To open the account you have to approach a broker who offers depository services. The demat account is used to store the shares when you trade online. The trading account is used to do the transaction with the exchange.
There are many online brokers who offer online demat and trading account. You have to pay the account opening fee and account maintenance fee. You also have to pay the brokerage when you trade online. The broker offer different brokerage plans. You can choose the lowest brokerage charges account.
The different brokerage plans offered by the broker are as follows:
This plan should be chosen when you want to trade in small volumes and save on heavy brokerage. The brokerage is less than one paise. You get high intraday exposure. You get margin against shares. There is no minimum commitment.
This plan should be chosen when you want to trade few times and want to mainly invest. The brokerage is Rs. 15 per executed order regardless of the size of the trade. You get high intraday exposure. You get margin against shares and there is no minimum commitment.
Depending on your trading and financial needs you can choose the brokerage plan.
Online trading with lowest brokerage charges
You have to pay brokerage charges every time you do a transaction or use the broker’s services. The transaction is done through the broker and so you have to pay him. It can be a percentage of the transaction value. Brokers can charge for services like purchase or sales and more.
The discount brokers charge lower fee for the services. If you want to save on brokerage you can go for a discount broker.
Benefits of trading online
There are many benefits of trading online. They are as follows:
It offers single interface for different exchanges.
It offers instant limit increase with online fund transfer.
You can do fund transfer with any of the banks the broker has tied up with.
You can trade using trader, mobile or browser trading platforms.
There are online trading tools available to help you trade like charts and indicators.
You can get set price alerts.
The author is a blogger and likes to blog on the various topics of online trading. The author has explained about the lowest brokerage charges and the benefits of trading online.
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