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jenny | How much will it cost for opening an online trading account? |
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walt17jr
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I don't know of any that charge to open an account. The only thing you will need is the minimum balance. TDAmeritrade has no minimum. You should also consider trading costs and whether or not you will want investment advice. |
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Wylie Coyote
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The cost will be your investment, plus the commission on the initial trade. Some brokerage houses will comp the first__ trades commission. |
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delta
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when u open a share trading account, the broker needs u to sign two stamp papers of rs 50/- each, ie a total of rs 100. some brokers like Kotak charge another rs 300/- as account opening charges. But they adjust this amount over a short period of time in your brokerage charges when u start trading with them. It depends on broker to broker and cant be seen as a general rule. But u do have to pay rs 100 towards stamp paper charges. |
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m deal
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it's free to open, they charge per trade |
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jal
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Hey Jenny!
Assuming you are from India, u can open it for anywhere between Rs. 1000 to Rs. 2000.
I took a Reliance Money account, which was Rs. 1250, that is Rs. 750 for a demat account and Rs. 500 for the Reliance Money terminal.
I would strongly suggest Reliance money because, with the Rs. 500 fee you can invest for one year for Rs. 500000 total; whichever ends exhausts first...
Investing Indiaâ„¢- Your one stop resource for investment ideas
http://investingindians.blogspot.com |
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B
 |
No cost to open an account, but there may be a minimum balance requirement. You have to read the fine print, because some online brokers will offer you a deal on trading fees that is really worthless. E-trade comes to mind. 100 free trades! Great, but they have to be used in the first month. This is worthless to the average retail investor.
Zecco Trading is what I use. No minimum balance, and FREE TRADES! There is no other online broker that I know of that offers free trades. That's 10 free trades per day, and up to 40 free trades per month. Options and mutual funds have a cost involved, but if you are doing stocks or ETFs then you're all good. You'll never have to think about deducting the trading costs from your returns, because it's free.
Zecco also has a market sweep where you have the choice of three different money market accounts.
Zecco may be lesser known, but that is because they rely on word of mouth advertising, though I have seen ads on Yahoo Finance. No doubt, zecco is the way to go for low cost online brokers. |
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srikanth_chintala
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it depends on the broker you choose. some offer free account and then charge per transaction.
thanks,
srikanth
http://indianstockmarketscomment.blogspot.com |
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hs...
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hi
i got online trading account with indiabulls.. they don't need any minimum balance in ur account. but they take 1000rs as account opening charges but then after u need only to deposit the amount equivalent to amount of share u want to buy they have minimum trading commission and no yearly account maintenance charges...and i feel they provide good services most of time. and two advices.. don't open account with hdfc or reliance these are crap.
if u don't belive me just search google with reliancemoney reviews.. and hdfc got high trading charges, they want maintance charges every year. |
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dhakkansingh007
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Free, activity charges only |
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