Online share trading

@leo2050 (348)
India
August 29, 2010 2:39am CST
Hello mylotters, i am planning to make some money by online share trading using a Demat account. Can you suggest me some Indian banks that have good demat services, as I live in India.
1 person likes this
3 responses
@rameshchow (4426)
• India
29 Aug 10
Its a good idea. I wish you all the best. You can contact your regional SBI, ICICI banks, because these banks are main sources of demat account. And It is better to avoid mediators... And to know the rules and regulation of SEBI(Securities Exchange Branch of India) is important, for that you can read the content from SEBI official website. http://investor.sebi.gov.in/
• India
29 Aug 10
read the invester guide of SEBI carefully.
• India
29 Aug 10
Hdfc securities with HDFC bank is offering good online trading platform.Even though the chargs are high,I lways prefer ICICI Direct & ICICI Bank combination. Brokers like Geojit,Indiabulls,Indiainfoline ,Sharekhan etc are also providing good trading platforms. None of these brokers are cheats.Still you may lose money if you do not pick the right stocks on right time. First of all you have to decide whether you are a trader or investor. Traders bet on technicals ,while investors depend on investors. Happy investing.
• India
29 Aug 10
There are a few reputed banks that provide demat services.HDFC,SBI,ICICI etc are one amongst the many.Just compare the rates and then opt for one of these.Each bank may have some or the other offer and rates at which they may charge you for their demat services.Hence do some due diligence and accordingly decide.