I want to open a dmat account... which is the best one?..... icici direct or reliance power or anythin other?

Question

Please gimme the common dmat accounts and its charges(hidden charges specially)... Which one is better if i do trading 5-10 in a month only...

Answer 1

If you are having less transactions per month then you can use ICICI Direct.

Since the brokerage is slightly higher when compared to others, it will be beneficial if you use less trasactions per month.

But service wise, this is the best with their integrated bank account option.

Answer 2

Its not depend on count means 5 or 10 ,depend upon how much you do  trading in year...so .first think about this..and you are new to this area so take package of ..like 3 or 4 lack..in year ...this is trading amount for whole year...so you can go for reliance money..

charges:500+250 for 3 lack in year

Answer 3

hi,

try HDFCSEC, ICICIdirect. they three -in-one account. (savings, Dmat, Trading account)

all the best.

http://vbulls.com/

Answer 4

if u Investor go ICICI if u Trader Indiabulls & if want Tick by Tick data (Day Data) go india infoline & near to home or work place.

Answer 5

The best and the first way is to open a Bank+Demat+Trading accounts. Just contact one of the below websites to start trading.

They will contact you and will guide you from the start to end.

http://sharekhan.com/ is good

http://geojit.com/ is good

http://reliancemoney.com/ not so good

http://icicidirect.com/ NEVER GO WITH THEM, they are the worst service. But due to their icici bank's reputation most of the people think they are the best and go with them. But I strongly telling you that you will definitely regret not once but many times after going with icicidirect. You will use lot of money too. Don't trust in what their executives says they will give you false information. I have 5+ experience in all these field.

Thank you for reading.

Answer 6

You can go for indiabulls. because hdfc securities and icicidirect charges are higher compared to other broking company. i have used kotaksecurites.com icicidirect.com indiainfoline.com , reliance money but with everyone there is some problem. ie with icicidirect the higher charges and login problem. with  kotaksecurities.com disconnection problem. with reliance money and indiainfoline there is a problem and nothing else ie disconnection problem short delivery helpdesk do not respond timely and shares are sold without information. but in indiabulls there is a single problem that here you cannot buy shares of smallcap companies rest there is good helpdesk and the software is also good and there is no problem of disconnection or short delivery.

secondary is uniconindia.in it is also good company.

Answer 7

I have personal experience with ICICIDirect, HDFC Securities and Motilal Oswal. I don't trade on a daily basis and am a long term investor. Even if I transact 5-6 times a month, brokerage rates don't matter much.

For me what matters are the following:

1. Reliability of the platform -I can transact when I want

2. Correctness in transaction records, account debits, demat credits, shortfall management

3. User-friendliness of interface - you can find what you want quickly

4. Promptness of customer helpdesk in replying to emails

5. Ability to do everything from one single place - like demat account, trading account, and bank account are all managed by the same entity, so there is single place of accountability

Given all these in my experience ICICIDirect still scores the best. It has the highest no of subscribers. It used to have some transaction problems earlier, but over the past year, I cannot recollect instances where I couldn't execute a buy/sell when I wanted it. (HDFC Securities & Motilal OSwal both have miles to go on this front, systems cant keep up with the load on exceptionally high traffic days -jan 22/23). Their User interface is the best, you can locate what to do and where very fast, almost intuitively. Their transaction records are impeccable, you have peace of mind. Couldn't say the same for Motilal Oswal (I had to track and remind them to make good the shortfall when I bought and paid for 20 shares of Wyeth Pharma but demat was only for 16 after a week). And single place of accountability makes sure I deal with the same party and can get things resolved faster.

No matter what arguments you hear against, perhaps the biggest argument in favour of ICICIDirect is that they have been operating these services from 1999. That's close to a decade of experience in handling extremes of load, variety of software and technical issues, customer complaints , and have certainly matured over the years.

The others may give you cheaper brokerage rates (and that matters if you are a day trader) but have much more to cover before they can reach similar levels of maturity as a service provider.

My 2 cents. Hope they were useful & happy investing!

Answer 8

there is no icic or reliance demat, demat is demat,owned and run by nsdl, and charges are like 50rs/annum