Once there was a time when trading used to be
a privilege reserved for the rich and powerful people. But today, anyone with a
computer, an Internet connection, and some money to spend can take part in the
buying and selling of stocks. The credit goes to the tech-smart investors who
have now switch from the age old techniques of trading such as calling brokers
to buy/sell, taking Depositary Participant ids, going for franking stamps to
the modern day multi-loaded trading technique known as “Online Trading”.
With a handful of knowledge on system
operation, the desire to do proper research, and the right set of tools; anyone
can test their hand at generating some positive returns from the stock
business. What has made an average Indian to participate in the stock market is
the emergence of online trading companies. Be it a mom to
the business professional anyone can be a part of this multi-billion stock
market of India and trade anytime, anywhere and anyhow through Online Trading.
The article will guide you through the
concept of Online Trading Company, pointers to choose one for yourself and some
of the best online trading companies in India
Online Trading
The act of buying and selling international currencies, futures, stocks, bonds and other financial instruments through the Internet is called as Online Trading.
Online Trading Company
A firm that connects buyers and sellers within the same or different countries but does not get involved in
the owning or
storing of goods and
commodities, through the internet- based trading platform is termed as “Online
Trading Company”. A trading company is compensated by the seller usually with
a sales commission. Online trading
companies not only facilitate stick transactions, but also provide tools
and guidance to help traders make intelligent decisions and generate positive
returns on their investments.
These days we see more and more people
have started taking the roles of financial planners and empowering themselves
when it comes to investing in the stock market. However it’s a daunting task to
pick the right trading company pertaining to your needs due to the stiff
competition in the market.
Some key points to keep in mind while
choosing a correct online trading company as per your needs are:
·
Do some research to
the find the best trading company suitable as per your trading needs in terms
of quality service and better security
·
Check
out the costs per transaction and how those costs are determined. The more you
clarify from the beginning the less room there is for misunderstandings later
on
·
Make sure your firm has good customer service, so
that staff can guide you through any confusion you might initially have
·
Although we are just so fascinated about using internet,
we can't always be at our computers. Check to see what other options the firm
offers for placing trades
·
See how much of an initial deposit the firm requires for
opening an account. Beware of high minimum balances
·
Be on the lookout for extra goodies offered by trading
companies to people thinking of opening an account
Some of the Best Online Trading Companies in
the Business
1) Reliance Securities: Reliance Securities is the broking arm of Reliance Capital. Presently its
caters to 7, 00, 000+ registered customers with 1700 business location in Pan
India
2) Sharekhan: Sharekhan provides brokerage services
through its online trading website Sharekhan.com and 1950 share shops which
includes branches & Franchises in more than 575 cities across India
3) ICICI Direct: They have decent service and easy to
use user-interface but there brokerage is really high compared to what other
discount brokers are providing
4) HDFC Security: One of the larger broking house in India
and with the bank branches in smaller town they have one of the largest network
5) Kotak Security: A well known name in financial
services and with the bank branches in big cities they are able to cater to
clients in big cities
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