Online trading

swan03 · 1 Online trading Sun Mar 06, 2011 10:22 am

swan03

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Is this risky? And how much do I have to pay for a broker to get this facility?

Quibit · 2 Re: Online trading Sun Mar 06, 2011 10:41 am

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It is free. Risk is very minimal. Many of us use online trading systems. talk to your stockbroker.

BenZ · 3 Re: Online trading Sun Mar 06, 2011 10:48 am

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Eventhough its a free of charge service, many broker firms do not give online trading for small portfolios. They ask for atleast 100k, 200k in many cases...

In my firm, they ask for 200k.

Better ask from your adviser regarding this...

Risk is very low using it and you dont need to call and waiting your adviser put buy/sell orders for you Very Happy

You can do it ur self instantly.

ss7097 · 4 Re: Online trading Sun Mar 06, 2011 10:54 am

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swan03 wrote:Is this risky? And how much do I have to pay for a broker to get this facility?

Hi swan03,

I'm using DirectFN and my broker is Asha Philips. Normally they give USER ID if you have a portfolio more than Rs 500,000/= and you've to ask for it. I think it also depend on the agent you dealt with. One of my colleauges requested and didn't get it for Rs 150,000/= but another friend of mine has got the USER ID for Rs 100,000/=. As we analyze before we get in to a share, we've to show them our future plan with them. Then they will arrange you an USER ID Wink

Slstock · 5 Re: Online trading Sun Mar 06, 2011 10:59 am

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swan03 wrote:Is this risky? And how much do I have to pay for a broker to get this facility?

There is no special risk as buying through your broker or buying online will have same charges.

But some stockbrokers ask you for a miinimum portfolio value to give you online trading facility. Ask you broker to know yours.

BenZ · 6 Re: Online trading Sun Mar 06, 2011 11:23 am

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ss7097 wrote:

As we analyze before we get in to a share, we've to show them our future plan with them. Then they will arrange you an USER ID

Pissuda banz ... no need to reveal our any plans... They look at our investment size and how we used and settled our credit before. If you have used credits a lot and usually delay to pay back, then they hardly give you for small fortfolios. If you have very decent using credits in past, then adviser recommends for even smaller fortfolios to give online trading facilities.

Thats completely defends upon relationship maintained between you and your adviser in the past.

Last edited by BenZ on Sun Mar 06, 2011 11:25 am; edited 1 time in total (Reason for editing : Spell mistake)

swan03 · 7 Re: Online trading Sun Mar 06, 2011 11:29 am

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I only have facility to see my PF online. Once i asked from my broker abt online trading facility but she said ask from their IT department in Colombo.

BenZ · 8 Re: Online trading Sun Mar 06, 2011 11:43 am

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aha then its easy to get. call IT dept and ask them that give the permission to buy/sell for your existing accnt. Also tell them "my adviser told me to call u guys and get the permissions.. "

they wont call her back and ask Very Happy

san1985 · 9 Re: Online trading Sun Mar 06, 2011 1:51 pm

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swan03 wrote:I only have facility to see my PF online. Once i asked from my broker abt online trading facility but she said ask from their IT department in Colombo.

Asia securities gives online trading facility with the opening of the CDS account...
No minimum fund requirement AFAIK
Very Happy

ndnk · 10 Re: Online trading Sun Mar 06, 2011 1:56 pm

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yes only asia security offers online trading facility without a minimum portfolio..

swan03 · 11 Re: Online trading Sun Mar 06, 2011 3:31 pm

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My one is SC securities Question

abra12 · 12 Re: Online trading Sun Mar 06, 2011 6:26 pm

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For a new comer JBS ask 500000.00 minimum and Asha Philips ask 200000.00 for online trading

Gaja · 13 Re: Online trading Sun Mar 06, 2011 7:22 pm

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NDB Stockbrokers also giving online access when you open the account, without any portfolio restriction

Fresher · 14 Re: Online trading Sun Mar 06, 2011 9:10 pm

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ndnk wrote:yes only asia security offers online trading facility without a minimum portfolio..

now they do look for min portfolio for DFN. CDAX it's ok
SMB Securities has no req

wikum100 · 15 Re: Online trading Sun Mar 06, 2011 11:04 pm

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that is true ....i am with asia securities and they give me acess to direct fn as law as 50000 potrofolia Smile

mark · 16 Re: Online trading Sun Mar 06, 2011 11:17 pm

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suppose if you trade stocks worth of 200,000Rs per day in average....
BROKER FEES-0.6400%--1280
SEC FEES-0.0720%--144
CSE FEES-0.0840%--168
CDS-FEES-0.0240%--48
STL-0.3000%--600
total=2,240 per day,
per 20 working days(2240*20)=44,800Rs.........

So its very useful for brokers to give system to their clients and earn money...

swan03 · 17 Re: Online trading Mon Mar 07, 2011 7:46 am

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mark wrote:suppose if you trade stocks worth of 200,000Rs per day in average....
BROKER FEES-0.6400%--1280
SEC FEES-0.0720%--144
CSE FEES-0.0840%--168
CDS-FEES-0.0240%--48
STL-0.3000%--600
total=2,240 per day,
per 20 working days(2240*20)=44,800Rs.........

So its very useful for brokers to give system to their clients and earn money...

You mean I should pay like this monthly after getting online trading facility?

Slstock · 18 Re: Online trading Mon Mar 07, 2011 7:58 am

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swan03 wrote:

mark wrote:suppose if you trade stocks worth of 200,000Rs per day in average....
BROKER FEES-0.6400%--1280
SEC FEES-0.0720%--144
CSE FEES-0.0840%--168
CDS-FEES-0.0240%--48
STL-0.3000%--600
total=2,240 per day,
per 20 working days(2240*20)=44,800Rs.........

So its very useful for brokers to give system to their clients and earn money...

You mean I should pay like this monthly after getting online trading facility?

NO that was an example only.

Whether you buy through Broker or you buy Online there is specific fee involved for buy and selling. So that does not change .

The above example is to say Brokers benefit if you do above amount of transactions per day . He is Talking about Rs 40 Lakhs of transaction per month to pay that fee.

ANyway, as I said if you do that amount of Transactions whether standard way through Broker or yourself through Online, you pay the same fee depending on the amount you buy and sell.

Hope this clarifies.

Last edited by slstock on Mon Mar 07, 2011 9:19 am; edited 1 time in total

marketsee · 19 Re: Online trading Mon Mar 07, 2011 8:15 am

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Asia Securities provide Direct Fn and CDAX free of charge some time before
NDB Stockbrokers provide there online tarading system free of charge
Asha they need minimum protfolio 200 000
Can some one tell about following sock brokers online system details
JKSB,JBS,

mark · 20 Re: Online trading Mon Mar 07, 2011 9:08 am

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swan03 wrote:

mark wrote:suppose if you trade stocks worth of 200,000Rs per day in average....
BROKER FEES-0.6400%--1280
SEC FEES-0.0720%--144
CSE FEES-0.0840%--168
CDS-FEES-0.0240%--48
STL-0.3000%--600
total=2,240 per day,
per 20 working days(2240*20)=44,800Rs.........

So its very useful for brokers to give system to their clients and earn money...

You mean I should pay like this monthly after getting online trading facility?

yup this is just an example..........SLSTOCK correctly described............ Smile

Niggard · 21 Re: Online trading Mon Mar 07, 2011 9:25 am

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Well, I work with LSL, invested only 1,00,000 at the very first beginning. I asked, in written to them to use CDAX, without any questioning or something like that, I got the facility to see my account & to do online trading. At that moment, I knew nothing about market or stock trading.

Risks, really, if u played something silly, there will be no corrections, u'll have to bear the loss. (even with advisors we cant assure they give us the best decisions)

Extra payments - Nill

U dont have to call/wait to the advisor, but emotional decisions take place, when you are the only person involved in the buying/selling, thats entirely up to u.

Rgts!

Niggard · 22 Re: Online trading Mon Mar 07, 2011 9:28 am

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You mean I should pay like this monthly after getting online trading facility?

Not monthly basis, but for every transaction made. (buy/sell) Even without online facility, u have to pay that. That's why we say that, online trading is free of charge.

$$$ · 23 Re: Online trading Mon Mar 07, 2011 3:27 pm

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It's a good way to trade independently with no hassle and no extra cost....No calls no waiting just a click away . However trades executed by mistake you will have to bear the risks figures typed in wrong etc (don't worry executing trades or anything for that matter is very easy) when you have ur broker involved what ever trading mistakes delays etc you can blame them...not like they take you seriosuly either that's a different story....for new comers I would say trade learn the basics before getting in to CDAX...however if you smart and a quick learner then go for it .....

kavi84 · 24 Re: Online trading Mon Mar 07, 2011 3:28 pm

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How about assetline?

sas · 25 Re: Online trading Wed Jul 20, 2011 9:59 pm

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Dear newcomers (than me Smile

),
I have prepared this video for a friend of mine & thought to share with you too.
This is only to get very brief idea about online trading (using web interface), & this is Intentionally made to play high speed to minimize size(So play full screen with pauses)
I'm planning to get DirectFN too, then I'll upload that too...

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Online trading

1 Online trading Sun Mar 06, 2011 10:22 am

swan03

2 Re: Online trading Sun Mar 06, 2011 10:41 am

Quibit

3 Re: Online trading Sun Mar 06, 2011 10:48 am

BenZ

4 Re: Online trading Sun Mar 06, 2011 10:54 am

ss7097

5 Re: Online trading Sun Mar 06, 2011 10:59 am

Slstock

6 Re: Online trading Sun Mar 06, 2011 11:23 am

BenZ

7 Re: Online trading Sun Mar 06, 2011 11:29 am

swan03

8 Re: Online trading Sun Mar 06, 2011 11:43 am

BenZ

9 Re: Online trading Sun Mar 06, 2011 1:51 pm

san1985

10 Re: Online trading Sun Mar 06, 2011 1:56 pm

ndnk

11 Re: Online trading Sun Mar 06, 2011 3:31 pm

swan03

12 Re: Online trading Sun Mar 06, 2011 6:26 pm

abra12

13 Re: Online trading Sun Mar 06, 2011 7:22 pm

Gaja

14 Re: Online trading Sun Mar 06, 2011 9:10 pm

Fresher

15 Re: Online trading Sun Mar 06, 2011 11:04 pm

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16 Re: Online trading Sun Mar 06, 2011 11:17 pm

mark

17 Re: Online trading Mon Mar 07, 2011 7:46 am

swan03

18 Re: Online trading Mon Mar 07, 2011 7:58 am

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19 Re: Online trading Mon Mar 07, 2011 8:15 am

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20 Re: Online trading Mon Mar 07, 2011 9:08 am

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21 Re: Online trading Mon Mar 07, 2011 9:25 am

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23 Re: Online trading Mon Mar 07, 2011 3:27 pm

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24 Re: Online trading Mon Mar 07, 2011 3:28 pm

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