Trading brokerage in chennai tamil nadu
A financial institution that facilitates the trade of securities between the buyer and seller is a brokerage firm or brokers. A full service stockbroker who carries out stock trading has the additional responsibility of doing research and providing recommendations to their clientele investors or traders. Full service stockbroker will charge a high premium for their services.
Now, everyone can have access to the stock market, thanks to discount brokers. A discount broker or an online broker is a firm that performs the trade for its clients investors or traders charging minimally, but does not provide financial advice. Discount brokers offer their clients the convenience of performing trades via automated, computerized trading systems. There are many discount options provided by these firms as there is heavy competition.
Zerodha is on the top of the leading list of discount brokers in India due to its large trading volume, number of customers and growth. The name Zerodha is derived from the fusion of the English word Zero and the Sanskrit word Rodha meaning barrier. It was founded in August by Nitin Kamath, a professional trader for over a decade.
He wanted to solve the many problems faced by traders and investors in India and came up with this brokerage that soon changed the landscape of Indian broking. Among the innumerable discount brokers in the nation, Zerodha is the firm that went online first. Anyone who would like to open an account online can walk into these franchise offices and get the services needed. Zerodha claims to have a whopping turnover to the tune of Rs.
Zerodha allows their clients to buy and sell stocks, trading brokerage in chennai tamil nadu and options such as Equity, Currency and Commodity. The electronic trading platforms are provided free of cost to the clients. The trading platforms provided by Zerodha are:. Given below are some of the salient technology solutions and support initiatives they provide to their clients:.
Account forms can be filled online and sent to the headquarters at Trading brokerage in chennai tamil nadu. The documents required to open an account in Zerodha include:. The forms are filled and signed along with Rs. A period of 2 to 3 business days is generally taken for processing and creation of the trading account. Zerodha intimates their customers about successful creation of trading account through email.
It also provides the trader with the username and password to access the trading account online. Traders trading brokerage in chennai tamil nadu to send their Demat account opening form along with the Trading form to the Zerodha office. The fee of Rs. Contract hard copies cost Rs. For delivery based equity selling, DP charges are Rs. Standard NSE charges, transaction charges and statutory levies are charged. Normally, discount brokers keep brokerage low but hike their transaction charges.
Zerodha stands out in that they charge the lowest for the transactions besides keeping low brokerage rates. Traders can request a payout through the Zerodha Backoffice. Fund withdrawals are totally free of cost. Traders cannot withdraw funds through nowonline. As of Maythis brokerage structure has had 50, accounts opened. It sure is making waves and has become the leading discount broker in the Indian share market. This article is about Zerodha Review.
Zerodha Review Stockbroking A financial institution that facilitates the trade of trading brokerage in chennai tamil nadu between the buyer and seller is a brokerage firm or brokers.
The trading platforms provided by Zerodha are: Traders trading brokerage in chennai tamil nadu use AmiBroker in a semi-automated or fully-automated way. Given below are some of the salient technology trading brokerage in chennai tamil nadu and support initiatives they provide to their clients: If a trader is net profitable in a 60 day period, all the brokerage charged to them is refunded. Give away at crowd. Zerodha PI — a very advanced tool provided free of cost to traders.
It provides most useful insights related to trading. Annotation can be done with over 30 drawing tools. A simple and powerful scripting language. Draw pattern on screen and find it in charts. Real time trade signals from automated expert advisors. Power traders can optimize through algorithms like neural networks and genetic algorithms. Views can be docked and screen layout can be modified as required. The documents required to open an account in Zerodha include: