How to start a online stock brokerage firm?
You will need more than just capital to establish a brokerage firm. You will need a good understanding of the markets, the products traded in the markets and the rules and regulations governing such markets. There's not enough space to tell you all the specifics needed to walk you through a start up and this is not the proper media to fully discuss all the details. Those of us that have established firms, either for ourselves or for others will tell you to have the a firm up and running will be a costly endeavor. In addition to the capital required to maintain you registrations and memberships you will need capital for clearing whether you clear fully disclosed or you decide to go self clearing. You will have seek out broker/dealers that will be willing to clear your transactions if you decide to clear your transactions on a fully disclosed basis. If you are going to be self clearing, you will need a strong experienced staff along with a sophisticated computer system, The easiest way to get you started you will have to registered with the SEC. So you might as well visit their site http://www.secinfo.com/ and follow the step by steps required by the Commission. You will need to also provide the Commission with a certified financial statement for your firm. You will also need a business plan which spells out how you will clear your transactions and the type of computer system you will be using to maintain your books and records. Once you receive either tentative or final approval by the Commission, you will need to apply for membership with FINRA. You can visit their website to obtain all the material that you will have to submit. http://www.finra.org/Industry/Compliance... Based on the wording of your question, I strongly suggest that you seek real professional help in this project, I have seen many fail by trying to do this themselves Good luck with your project.
What are some best online stock brokerage sites?
Sharekhan has online website and I think it is one of the best brokerage sites. Sharekhan is a well established firm since 2000. It has seen market ups and downs since then. These is the website through which you can trade online.Sharekhan web Trading: It is the finest investment portals for Indian Stock Trading. It is a well designed website that allows different investment options and also provides market research, market news, fundamental an statistical info, mutual funds and much more. It requires basic configuration. It has a feature known as Pattern finder that helps the investor to screen stocks that are healthy for long term investment.Apart from this website Sharekhan has other platforms like Trade Tiger and mobile app which can install and start trading.Trade Tiger: It is a stock trading application that you can use to trade on desktop or laptop. It helps its users to trade across different financial segments like equities, commodities, currencies, commodities, derivatives, Mutual funds, etc. It allows frequent traders to place and execute their orders at a high speed. It provides high quality charts for detailed research and stock analysis.Sharekhan Mobile Trading App: It is a mobile app for its users to trade on mobile. It is available on iPhone, iPad, Android, Blackberry and other mobiles as well. It has been rated for its speed, performance and accuracy. It provides live reports, market trends and news. It also allows fund transfer facility from bank to Sharekhan account.You can open a demat account with Sharekhan and start trading.
Which is the best online stock trading/brokerage website for beginner?
Best online stock trading and brokerage website for beginnerThere is no particular best online broker for shares trading. But among the dozens of broking firms vying for your investing your hard earned money will be one that’s best for you.Are you just starting out and looking for a friendly place to learn the ropes? Really into trading options and futures? Seeking access to sophisticated investing research? A cost-conscious frequent trader?Below are the brokers that earned research highest marks based on the breadth and quality of their offerings in the areas that matter most to individual investors.₹0 brokerage for investments and flat ₹20 for F&O trading.To find a suitable online broker, read on for highlights (and links to our in-depth reviews on each).Top online Stock trading websitesZerodhaMotilal oswalWisdom capitalSharekhanAngel brokingEdelwesisAxis direct5 paisaReligareSasonlineDo I have enough money to get started investing?You don’t need much to get started. Note that many of the brokers above have no account minimums.One easy way build a diversified portfolio for little money is to invest in exchange traded funds.ETFs are essentially bite-sized mutual funds that trade like stocks:Like a mutual fund, ETFs contain a basket of similar assets (e.g., stocks in the nifty 50 index or shares of companies that operate in the technology sector).But instead of having to qualify for a mutual fund investment minimum, investors can buy and sell individual shares of ETFs just like individual stocks.Zerodha8.5 lakhs clients satisfied indian no 1 discount broking firmOpen an online trading and demat account with Zerodha and enjoy the lowest brokerage
What are some online trading websites which have low brokerage charges?
HiI am active Trader & Investor. I have paid nearly Rs 400 per trade. But thanks to discount brokers. Wait let’s understand the meaningThere are two kinds of stock brokersFull-Service BrokerDiscount BrokerIn simple words, discount broker’s charges are less, compare to full-service brokers.If you are looking lowest brokerage and highest margin you can visit www.tradejini.com. I would strongly suggest you my stock broker TRADEJINI.Brokerage Charges that am paying forEQUITYDelivery - 0.1% or Rs 20/order, whichever is lowerIntraday & Futures - 0.01% or Rs 20/executed order, whichever is lowerOptions - Rs 20/executed orderCURRENCYFutures - 0.01% or Rs 20/executed order, whichever is lowerOptions - Rs 20/executed orderCOMMODITIES - Rs 20/executed orderMARGIN FOR TRADINGMeans, when you go less amount to purchase stocks, you can borrow loan from your stock brokers.Here is the detailsINTRADAY MARGIN4–10 Times on equity cash2.5 Times on Equity Futures & Options2 Times on Currency Futures & Options3 Times on Commodity FuturesBASED ON STOP LOSS30 Times for Equity Cash6 Times for Equity Futures & Options5 Times for Currency Futures & Options6 Times for Commodity FuturesOther than this lowest charges and high margins, there is also advantages likeCustomer Support TeamGraded beast among the stock brokers. Professional customer support team will assist you at each step from opening account to tradingFree online & offline demoOnline PortfolioEmail SupportPhone SupportTransaction Alerts (if required)SMS Alerts (if required)Back office softwareAlso called Book of accounts. I can track each penny of my money.Here I can download and generate reports instantly likeProfit & LossLedgerContract NoteTraded RecordsDepository Participants Holdings & TransactionsFunds Pay in & Pay outReferral CommissionPortfolio of all the segmentsTrading PlatformFAST & SMOOTH. Easy to place an order with SMART ORDER and INDICATORS. Two user-friendly trading platform which are available inDesktopWeb VersionMobile AppAndroidiOSHope now you can judge who is real best stock broker with lowest and discipline charges.I wish all the very best!Best stock broker for stock market trading at low brokerage: TRADEJINI
What is the best stock trading website for small investors these days?
it really depends upon what stocks/other you wish to trade- on a largely Western offerings and less foreign stocks,holdings or adrs. If you largely would like to trade major American and european stocks, than sharebuilder can be the site for you. It is 6.95 a trade. Compared to scott trade which is 7 dollars a trade, scott trade offers a array of options in viewing specifics on equities and strange ones of how your platform is performing with lots of ratings for things. IMO - rating charts and stars mean nothing without the actual metrics and balance sheets and performance historical records to examine in detail. while I know both offer, data for analysis of a stock or fund- I like that sharebuilder isn't full of alot of flashy screens where you have to figure out what you're looking at and less at what you're looking for. Scottrade is annoying in this respect- but if you costomize the screens or care for that you can keep track of things well enough- and it can be easier a platform to work with than sharebuilders where one has to flip though various screens to look at valuation, returns, growth, etc. If you want specific foreign stock check to see if it come up in a seach on sharebuilder- there are plenty not available through them- also there are limited funds available than scottrade. Scottrade for foreign holdings and domestic, internationals at 7 a trade or sharebuilder at 6.95 a trade - mainly domestic offerings like PG, GE etc, you will find things like sanfi aventis and british canandian and spanish banks like santander- you won't find things like dubai holdings or kpmg. I'd go with scott trade for the platform - despite the price difference, the lag delay in realtime trade execution is annoying on both - and there is always that 2 cent accomidation to the ask buy price to each site behouvement. If you're computer illiterate use sharebuilder- but their options are the worst part of their platform. Always buy and sell with restraints set up!
Best online stock broker for day trading?
I've been doing a lot of research and I think I'm ready to begin day trading. What is the best online stock broker for day trading? I'd be making a ton of transactions and would need minimal to no processing times for my orders. Can anybody help? Thanks.
What's the best online broker for a beginner HS/college stock trader?
I'm a senior in HS and want to start learning and experimenting with stock trading. Some of my friends use Scottrade, but were considering switching. I'm a beginner, wouldn't trade very much money, and would probably only manage a very small amount. THANKS! I was thinking of ShareBuilder, E*Trade, or CharlesScwhab.