Revolutionizing Stock Market in Terms of Growth
As a second highest number of internet users in the world after China, India has imbibed internet into the business practices to a greater extent and trading is not an exception to this discourse. In India internet trading (online-trading) was introduced in February 2002 and brought a massive change into the trading. This has reduced the time of settlement in India from 60 days to buy/sell stocks to T2 and T3. Indian Capital Market has grown to 1688% since becoming online in 2002. Not only this security and transparency at the stock market has been rose to an exaggerated level by introducing online trading in India.
A Different Trading Structure from the Traditional One
A major difference existing between the conventional and modern trading is the dynamism offered by the discount brokerage company in India in conducting trades.
|Traditional Brokerage Firm||Online Brokerage Firm|
|Retail Broker used to Search Client Base||An investor can easily search and have access to a discount broker.|
|Required to Search Information in the Financial Market||An investor don’t need to depend upon information on a retail broker instead information is available on internet.|
|To hold Communication with a Client on the Phone||Here an investor is not required to connect with retail broker, instead, he can place his orders on a trading platform.|
|Depending upon the client’s approval pending trades are being executed.||No need to contact straight to a broker instead can place order instantly.|
|Due to volatility in trades, it is possible that the expected trade may not be executed due on the expected time.|
|Trades are executed instantly in micro seconds.|
|Even the quality of retail broker’s changes from individuals to individuals and sometimes it make difficult for an investor to choose stock according to one’s preference and choice.||In online trading for selecting the scripts an investor can do it without over depending upon the broker for the service.|
Overall, the Lowest Brokerage & the Highest Exposure Broker in India offers an impressive rights and privileges to an investor to exercise trading freely and impressively. With a discount broker an investor get its trade instantly at the same price. Moreover, he also enjoys the brokerage and commissions that are comparatively low. Other benefit offered by the trade execution and research features if online brokers is the comfort and facility to have round the clock access to trading systems and account information. A trader with an online trading account gets certain decision making powers and to become feel confident with self-directed portfolio management. The investors now get access to research tools on which earlier brokers had control earlier on.
IMPROVED SERVICES by the LOWEST BROKERAGE COMPANY
The lowest brokerage brokers in India has other big reason for being popularized is due to their quick service delivery and value model. They have become immensely popular among individual investors due to the convenience, control, accessibility and low commissions. The most prominent reason for lower transactions costs with the lowest brokerage discount broker companies is less human resource and infrastructure cost. With the addition of online trading there has been introduced automated back office processes. While operating online over internet now trading has become a household affair. The role of trading platforms is also of massive importance in popularizing discount brokerage companies among the traders and investors.
Performance Based Rating for the Leading Trading Platforms in India
|S.No.||Trading Platform||Technical Efficacy||Market Watch||Charts||Option Calculator – Analysis||Price Alerts & Advisory|
|1||FOX TRADER (Wisdom Capital)||9/10||10/10||9.5/10||9.5/10||9/10|
How Competition Has Made the Lowest Brokerage More Beneficial
Despite being hardly one decade old discount brokerage companies in India has emerged in India in good numbers due to the lower infrastructural costs and ease of operations. However, the services and execution is a part in taking services from a discount brokerage company, yet pricing also impact over the preference of an investor choosing a lowest brokerage and the highest exposure broker in India. On the basis of expertise and services offered discount brokerage companies in India are counted as full-service, service oriented, fence riders and no frills.
Demat Account Opening charges by the Lowest Brokerage Companies in India
|DEMAT ACCOUNTS IN INDIA||DEMAT ACCOUNT OPENING CHARGES||DEMAT AMC||DP CHARGES||TRADING ACCOUNT OPENING CHARGES|
|WISDOM CAPITAL||FREE||Rs.0.00(ULTIMATE PLAN)||Rs 15||FREE|
|ICICI DIRECT||Rs. 975||(FREE FIRST YEAR)||Rs. 5.50||FREE|
|ANGEL BROKING||Rs. 250||Rs. 450||Rs. 21||FREE|
|KOTAK SECURITIES||NIL||Rs. 600||0.04%||Rs. 750|
|HDFC SECURITIES||NIL||Rs. 750||0.04%||Rs. 750|
|ZERODHA||Rs. 100||Rs. 300||Rs. 13.5||Rs. 200|
|SHAREKHAN||NIL||Rs. 750||Rs. 16||NIL|
|UPSTOX||Rs. 150||Rs. 150||Rs.15||Rs. 150|
|5 PAISA||NIL||Rs. 400||Rs.25||Rs. 650|
|INDIA INFOLINE||NIL||Free FIRST YEAR||Not Available||Not Available|
Margins offered by Wisdom Capital under NSE Equity
|MIS||Upto 5X||Up to 40X||Up to 60X|
|BO/CO||NA||Up to 40X||Up to 60X|
|NRML (BTST)||1X||Up to 2X||Up to 4X|
Margins offered by Wisdom Capital in NSE Futures
|MIS||NA||5X||Up to 15X|
|BO/CO||NA||Up to 10X||Up to 20X|
Margins offered by Wisdom Capital in NSE Options
|MIS||NA||5X for Writing/Selling||Upto 15X Writing/Selling|
|BO/CO||NA||Up to 10X for Writing/Selling,||Up to 20X for Writing/Selling, Up to 3X for Option Buying|
Margins offered by Wisdom Capital under NSE Currency
Margins offered by Wisdom Capital in MCX Commodity
|MIS||NA||Upto 6X||Upto 10X|
|BO/CO||NA||Upto 7X||Upto 14X|
With diminishing charges and better facilitation of services, the future of discount brokerage is very bright in India as more and more investors are turning towards online trading.