Stock Trading and Other Things

Which is the best stock broking firm with least brokerage on minimum investment and with less tax?

hello, i want to open an demat account but confused with the brokerage rates and other things. i would be investing only in hundreds and thousands in beginning. so i would like to know which is the best brokerage firm with the minimum charges of intra day trading. and which provides redemption of tax amount. also best facilities and less % of per 100Rs.commission. please guide me. i'm new..if possible gimme some name of brokerage firms and their min % brokerage for min amount..
thanks a lot...

Public Comments

1. You cannot trade stocks intra-day (day trading) unless you open an account with a minimum of $25,000.00, and many of the less expensive commision brokerage firms require even higher minimums. And if you are doing intra day trading, you are trading and not investing. You can do short term swing trading (holding the position at east overnight) with less money to start, but the minute you cross that line into pattern day trading as defined by the SEC your account will be flagged. (You can see that definition here) http://en.wikipedia.org/wiki/Pattern_day_trader

As for the rest of your quesions:

What is a demat account? Never heard of that before.
Redemption of tax amount? What do you mean by that?
Less % of per 100Rs commission? Again, your terms are confusing, and I've never heard those in the trading community.

In my humble opinion you have a LOT more to learn before you venture in such a risky venture.
There are plenty of books on trading and day trading that can educate you further. http://www.traderslibrary.com/

Speaking of experience.

2. I have given list of stock brokers in India and you can select host of them, but a small advice good quality comes with a price and safety also has a price you need to pay. Getting cheap is not important as there are many cases of Dealers trading in Clients account so please select Companies which has strict rules which benefits investor www.akprabhakar.com

3. a confusing ques....there are number of brokers who offer you best services in stock trading which are equally good. Some online traders are Mansukh, Sharekhan, India bulls etc.. contact them personally and clear all your doubts before you decide.