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Online Stock Trading & Broker Guide
Stock Broker
Investor requires
a Stock Broker to buy and sell shares in stock exchanges (BSE, NSE etc.). Stock
Broker are registered member of stock exchange. A stock broker can register to
one or more stock exchanges.
Only stock brokers can directly buy and sell shares in Stock
Market. An investor must contact a stock broker to trade stocks. Broker charge
commissions (brokerages) for their service. Brokerage is usually a percent of
total amount of trade and varies from broker to broker.
Stock Trading
Traditionally
stock trading is done through stock brokers, personally or through telephones.
As number of people trading in stock market increase enormously in last few
years, some issues like location constrains, busy phone lines, miss
communication etc start growing in stock broker offices. Information technology
(Stock Market Software) helps stock brokers in solving these problems with
Online Stock Trading.
Online Stock Market Trading is an internet based stock trading
facility. Investor can trade shares through a website without any manual
intervention from Stock Broker.
In this case these Online Stock Trading companies are stock broker
for the investor . They are registered with one or more Stock Exchanges. Mostly
Online Trading Websites in India trades in BSE and NSE.
There are two different type of trading environments available for
online equity trading.
Installable
software based Stock Trading Terminals
These trading environment requires software to be installed on investors
computer. These software are provided by the stock broker. These softwares
require high speed internet connection. This kind of trading terminals are used
by high volume intra day equity traders.
Advantages:
Orders directly
send to stock exchanges rather then stock broker. This makes order execution
very fast.
It provides almost each and every information which is required to a trader on a
single screen including stock market charts, live data, alerts, stock market
news etc.
Disadvantages:
Location constrain
- You cannot trade if you are not on the computer where you have installed
trading terminal software.
It requires high speed internet connection.
These trading terminals are not easily available for low volumn share traders.
Web (Internet)
based trading application
These kind of trading environment doesn't require any additional software
installation. They are like other internet websites which investor can access
from around the world through normal internet connection.
Below are few advantages and disadvantages of Online Stock Market
Trading :-
Advantages of Online Stock Trading (Website based):
Real time stock
trading without calling or visiting broker's office.
Display real time market watch, historical datas, graphs etc.
Investment in IPOs, Mutual Funds and Bonds.
Check the trading history; demat account balance and bank account balance at any
time.
Provide online tools like market watch, graphs and recommendations to do
analysis of stocks.
Place offline orders for buying or selling stocks.
Set alert to inform you certain activity on the stock through email or sms.
Customer service through Email or Chat.
Secure transactions.
Disadvantages of Online Stock Trading (Website based):
Website
performance - sometime the website is too slow or not enough user friendly.
Little long learning curve especially for people who doesn't know much about
computer and internet.
Brokerages are little high.
Below is
the detail comparison of major Online Stock Market Trading websites in India.
ICICIDirect
Website: http://www.ICICIDirect.com
Product Demo: http://content.icicidirect.com/mailimages/indexpage.html
FAQs: http://content.icicidirect.com/indexfaq.asp
Sharekhan
ShareKhan Website: http://www.ShareKhan.com
Product Demo - SpeedTrade: http://www.sharekhan.com/Demos/speedtrade/index.html
Product Demo - Classic: http://www.sharekhan.com/Demos/classic/index.html
FAQs: http://sharekhan.com/KnowledgeCentre/Sharekhan_FAQ.aspx
Indiabulls
Indiabulls Website: http://www.indiabulls.com
5paisa
5paisa Website: http://www.5paisa.com
Motilal Oswal Securities
Website: http://www.motilaloswal.com
Faq's: http://onlinetrade.motilaloswal.com/links/faq.htm
HDFC Secutiries
HDFC
Website: http://www.hdfcsec.com
Product Demo: http://test.trade.hdfcsec.com/tradingdemo/itsdemo/index.html
Reliance Money
Reliance Money
Website: RelianceMoney.com
IDBIPaisaBuilder
Official website: http://www.idbipaisabuilder.in/
Product Demo: Paisa
Power Classic Account
Product Demo: Paisa
Power Streaming Account
Religare
Website: www.religareonline.com
FAQs: https://nat.religaresecurities.com/stsb/presentationlayer/FAQ.pdf
Geojit BNP Paribas
Website: http://www.geojitbnpparibas.com/
Product Demo: https://gcc.geojit.net/demo/start.swf
Networth Direct
Website: http://www.networthdirect.com
Kotak Securities
Website: http://www.kotaksecurities.com
FAQs: http://www.kotaksecurities.com/faqs/faq.html
Standard Chartered
Website: www.standardchartered-wealthmanagers.co.in
FAQs: http://www.contentlinks.asiancerc.com/scwmnew/faq.asp
Demo: http://www.contentlinks.asiancerc.com/scwmnew/demo.asp
Angel Trade
Website: http://www.angeltrade.com
Website: http://www.angelmf.com
HSBC InvestDirect
Website: http://www.hsbcinvestdirect.co.in
FAQs: http://www.hsbcinvestdirect.co.in/hsbc-webapp/OnlineTrading/Forms/FAQ.jsp |
