Your Primary & Secondary Trading Account?
2. How's brokerage & service?
3. How's app & desktop terminal?
4. How's trading experience?
5. What do you trade in primary & secondary Accounts respectively?
6. 2 pros and 2 cons of each?
7. Any suggestions?
@bikidas2060
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1. What's your primary & secondary trading account?
Primary: Zerodha, Secondary/ Tertiary: Dhan, Fyer's,
2. How's brokerage & service?
Brokerage structure is very transparent. Service is not instant yet it is cool.
3. How's app & desktop terminal?
All of em use web based terminals. Apps are user friendly.
4. How's trading experience?
Roller coaster ride. 🙂🙂🙂
5. What do you trade in primary & secondary Accounts respectively?
Futures, Options n buy stocks.
6. 2 pros and 2 cons of each?
Cons:
- Very unrealistic advertisement to common users. Common people don't make money, it's a fact.
- During high VIX they all fail. 🙂
- For income tax purpose Dhan is messy as per @amdoinggood123 .
Pros:
- Seemingly cheap brokerage. Transparent structure.
- Clean and advanced UX.
7. Any suggestions?
Trading is the mother of everything. Even in investment during the time of buy n sell, trading occurs. It's not evil. But frequent trading is a very dangerous thing. Just take a look at Flipkart game system, people are getting mad after losing 5-10 SC to hackers n bots. Imagine how they would react when they ll lose money to some abnormal market conditions. Not everyone can do intraday trading, not everyone can pick stocks. I will give a live example. In a Whatsapp group I said Zomato ll go up.
Obviously we had a heated argument and you know me.
Can one predict things like this? See, speculation needs tons of things. People have resources which cost a lot of money. Still you gotta beat em in their own game. You will be contradicted yet you ll have to stick to your plan. And it is not easy. Same is true for long term investment as well. A very few people supported ITC. 🙂 Now, ITC supports them. It is a very complicated thing yet so simple. So, instead of taking too much headache for which dmat acc to choose, sharpen your skillset.
@Dastro @cashif @MrKool_JJ @malikcool @guest_999 @BubbleBoyChickenLittle @Rosh_0007
I wonder if you (and other regulars here) are aware of this thread.
Similar data compiling may have been done on a smaller scale in smaller topics.
But it might help others in the same field, with similar interests... to have a similar list of the 《1》top, 《2》regular, 《3》 useful/ helpful members... from the (marketdimer's) master topic and other similar topics on this (equities, debt; oldworldly investment methods).
Nope, I am not putting the onus on you🙂 (to do it).
The thought randomly came and now there is all the more awareness, interest in people to beat the inflation or in such financial products, investments.
So it (sort of) is a need, to have an all party joint parliamentary committee, Empowered Group of Ministers (EGoM) a ready reckoner, database of the current (active) e-GoDs (enlightened Group of Dimers).
By the way Juniper, all (till now 3) of your similar topics are better suited to be in the Finance sub-section of the forums.
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Share trading you mean?
Mother used offline/ on phone call Anvil share and Stock broking private limited since 1992-1993.
Was a closed loop, referral from existing customers kind of system.
They formed clients on trust.
When I started off and used the three in one (bank, Demat, share broking) relation with Icici (I direct gave convinience), I was surprised to see that brokers followed margin rules.
Because till then, all my life I saw mom giving 'buy' orders on phone call
and then 24-30 hours later, my father, cousin or me.. like her muneem would deposit even high value cheques in Anvil's account or later when internet banking came, do funds transfer.
Ditto with sell orders!
Mom would go on T+1 or even just 6-7 hours before settlement🤯😅🤣 went to submit TIFD, did online transfer of securities.
From tax returns point of view, I always found Kotak to be simpler in their annual statements.
Plus there are many custom software makers who take inputs of the digital contract notes of Kotak, others.
And computation of capital loss, capital gain is a breeze.
.
(I still prefer the custom made spreadsheet, initially designed by my father and refined by me and others.
A macro less version too is there of the MS-Excel file. With all the redundancies to cross check).
Never used any discount brokers, so cannot comment on them.
When outside India, mother relied on a mix of Motilal Oswal's MOSt services and of Kotak.
And I think I jad convinced my father to try Idirect (separate bank, demat, trading relations, merged into one... to form ICICI direct).
.
Personally, I find the systems of discount brokers to be shabby (prone to fail or hit s snag at critical moments).
.
Icici HDFC type people are like East India Company.
Their charges for many things are unrealistic and still behave like they are helping us 'poor, filthy natives' lead a better life.
Mother, due to health and other reasons, has stopped dabbling in shares. Relapsed a lot😁, so decided to close even the 30 year old Anvil account.
May be the MOSt account is dormant.
.
.
.
Motilal Oswal still give good research reports to their PCG.
HDFC's AAG http://hdfcaag.com too is good.
Ditto for the reports Kotak has for its PCG and top tier corporate clients.
.
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SSKI, Sharekhan type old hags saw a revival few years back. Unsure of how smooth their ops. are or if they give any value add... (like research, reports, doorstep services) to the clients.