An investor’s concern to watch at the rise and fall of the trending trading platforms comparison

by andrew n. Manager

One has to be extremely cautious when it comes to investment and every step taken should be very thoughtful, we can be careful and wise by just reading reviews about the investment plans or be it regarding stock and even while buying online insurance. It is advisable to take advice or consultation from experts in this field to guide us in the right direction. If not an expert or at least from someone who has already invested successfully in the same. The main root of the problem is that, there is an excessive amount of information available over the internet if we do much of research it can confuse an investor easily. Similar chaos happens while we are investing in stocks.

Brokers and Technology

Likewise, at the late 90’s and even during early 2000’s investors were heavily dependent on brokers or sub-brokers. Though these brokers had ample of information about the market as well the stock, they were able to guide the investors personally too. Soon technology, took first step in this complicated field of investments and gradually it become the torch bearer of this major development and took over the stock trading, traditional brokerage houses such as Indiabulls, ICICI direct, Sharekhan and many more. Many of these brokers become full-service brokers, and would charge a certain percentage from the trade amount!

As we have evolved further, with AI and machine learning, Big data along with other modern technologies, the brokerage space has messed up big time and also because of the tech start-ups along with the upcoming financial institutions.

If we see than there many trading platforms that have come up like ICICI Direct, India Infoline, Edelweiss, Angel Broking, Zerodha, etc. each with various types of trading accounts with different brokerage charge, transactions charge, demat amount charge. Therefore we have many trading platform comparison when it comes to trading, brokerage fees, website usability, and maintenance charge be it yearly or monthly etc. Trading platforms have become a crucial in the growth as well for customer retention. These platforms are available for investors right from opening an account, maintenance charges, stock delivery fee, intraday trading and much more.

Comparison amongst the biggies

There are many trading companies, and the trading platform comparison gives a clear picture to the investor of choice and makes correct choice according to their preferences.

Angel Broking:

It is one of the oldest brokerage companies in the country, as it came into existence in 1987. This company has a Pan India presence with technology equipped DEMAT and trading account. They even give offline services, which gives the investors the benefit of placing the order via phone calls or simply by just visiting the sub-broker facility. They do not take account opening charges; we can start trading with an hour along with more benefits such as no charges taken for the first year since we start.

Benefits:

Investor can access to all different market areas of BSE, NSE, MCX AND NCDEX, with weekly research reports are presented by the financial experts. Angel Broking works online as well on their application for user friendly approach over the cell-phone, tablets and PCs.

There is personalized customer supports throughout, different brokerage plans like Angel classic, Angel preferred, Angel elite and Angel premium; they provide everything for every type of investor which makes them the top contender in the stock market.

5paisa

They have a policy of single account for all types of investments. The charges are Rs.10 irrespective to if we choose any area of trade or even for the value of our trade. Opening account fees is Rs.750 and annual fees for DEMAT and trading account are Rs.400.

Benefits:

Investors get access to all the areas of market such as BSE, NSE, MCX and NCDEX. The financial experts provide weekly research reports to the investors, user- friendly trading platform which can be easily accessed via cell-phone, tablet and PC with customer support at any given time.

Zerodha:

This is a Bangalore based start-up who are also called as the flat fee share brokers. They have come into the forefront, because of their unique ideas, such as discount brokerage, with this company investor can open account in no time and start trading at a breeze. Their charges start at Rs.20 or 0.01% per order on intraday trades on equity, currency and commodity trades with NSE, BSE, and MCX. They do not have any minimum brokerage system.

Benefits:

Investors get access to mutual funds, along with all of their equity delivery investments free. This trading platform too can be easily used on a Cell-phone, tablet and PCs with customer support through E-mail, phone as well as chat.

ICICI Direct:

It is being a part of ICICI bank, an old and most preferred broker as they have a very successful image in the market. It has a three in one trading account that makes it convenient in opening a DEMAT account easily, along with trading account and bank account everything together. The DEMAT account can be linked with our trading and bank account simultaneously. The investor can earn 4% of interest on a particular not utilized amount acquired from trading. This brokerage company has around 150 branches with online and offline services with Rs.600 yearly maintenances.

Benefits:

Similar to the rest, investor get access to all areas of market BSE, MCX, MCDEX along with mutual funds and much more. Their brokerage includes DP charges that get higher at 0.04% or Rs.25, each time when shares are debited from the DEMAT account. Likewise this trading platform ca n be easily accessed on Cell-phone, tablet and PCs, with call and trade facility throughout.

Trading platforms are a pool of capital that can be invested in a wide range of financial instruments such as stocks, bonds, commodities, foreign exchange, etc. There is a constant requirement of these trading platforms, as they help in solving problems for the investor’s community, so the other future investors can learn from the present and do not repeat the same mistakes as them.

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Created on May 7th 2018 06:35. Viewed 971 times.

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