Yesterday I received a Query from a Reader.
“I have a question and thought you should be the person to ask. I wish to open a demat account but am confused as there are many providers like India Infoline, ShareKhan, etc.. I heard that their brokerage rates differ. I want to trade online and it provide me maximum assistance for online purchase/selling of shares. I would be grateful if you suggest me a good provider.”
(********* – Sorry I can’t disclose the name of my reader without his/her permission.)
Solutions of a Query -
Well, You are absolutely right. Right now there are so many service providers in the market that choosing a perfect Online Demat account for trading is itself a Job.
There are so many advantages of having Online Demat Account especially for those who are IPO lovers. because in case of Online Demat accounts, you can fill the IPO without any paperwork.
Here are the few reputed Service providers which are in the Business of providing online Demat account.
01) Motiwal Oswal
02) Sharekhan.com
04) ICICIDirect.com
05) HDFCSec.com
06) 5-Paisa.com
07) Kotaksecurties
Well, If you ask me than, personally I use ICICIDirect.com because I don’t do trading. and my own account is with ICICI Bank so its convenient to have demat account with ICICIDirect.
But you want to do trading. And I think ICICIDirect.com is not good for trading. For a Trading you should select those sites which provides Virtual Online Terminal.
Second thing is that, you should select those Demat services which give you some FREE reports about Call & Puts, Futures & Options.
So I think Sharekhan.com is Best for you. Once upon a time, I had personally used Sharekhan.com & I feel that it is the single best site for you if you want to start an online trading.
So Go For Sharekhan.com
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