A demat account is required to trade online. It stores the shares. The account opening and maintenance fees are charged. The broker will charge you for any transaction. Broker fees vary.
Brokers may charge fees for sales, purchase, or any other service they offer. Before you choose a broker, make sure to check the fees. Brokers should offer low brokerage demat accounts.
Low brokerage Demat accounts
Different trading needs will require different brokerage plans. These are the different brokerage plans:
- Value plan
This plan is perfect for traders who trade in a smaller volume. This plan is ideal for traders with smaller volumes. It also allows you to save on brokerage. The brokerage costs less than 1 paise High intraday exposure allows you to make the right decisions. There is no minimum commitment and you get margin against shares. Equity deliveries can be up to 4x your exposure. This is ideal for traders who trade with less volume.
- Power plan
This plan is ideal if you only want to trade a few times, and mainly to invest to earn returns. The brokerage fee is Rs. No matter how large the trade, the brokerage charges Rs. High intraday exposure. There is no minimum commitment and you get margin against shares. Equity deliveries can be up to 4x your exposure. This is ideal for traders who trade frequently but have large trade sizes.
The benefits of trading online
Trading online has many benefits. These are the benefits of trading online:
- Transaction costs are low, and transactions can be done quickly.
- You get single interface for different exchanges.
- Online fund transfer allows you to get an instant limit increase.
- Trades can be made on the web, mobile, or browser-based trading platforms.
- Online tools such as indicators, charts and other tools can be used to trade online.
- You can set price alerts.
- Trading mobile apps are now able to handle all your trading needs. Trades can be made with any smartphone, provided that the app store is available.
- Trade can be done in multiple products and markets.
- There are no hidden fees
- There is no upfront cost or commitment to turn over.
- You have direct control over your trading portfolio.
