5Paisa

5Paisa
5paisa is Online Stock Trading Company of India Infoline Securities Private Ltd., Owner of popular business portal Indiainfoline.com. Besides high quality investment advice from an experienced research team, the site offers real time stock quotes, market news and multiple tools for technical analysis.

Advantages of 5Paisa :

• You can buy or sell securities on both NSE and BSE Stock exchanges.
• Fast trading terminal.
• Low brokerage rates.
• Can link trading account to a wide range of banks.
• They allow trade in each and every scrip, irrespective of it being in T2T or Z category.

Disadvantages of 5Paisa :

• Terminal can be difficult to master.
• Customer Service isn't very good.

Idbipaisabuilder

IDBIpaisabuilder
Idbipaisabuilder.in is a multi purpose online stock trading website from IDBI Capital Market Services Ltd., a leading provider of financial services in India and is a 100% subsidiary of Industrial Development Bank of India (IDBI).

Advantages of Idbipaisabuilder :

• Idbipaisabuilder.in allows investing in equity shares, derivatives (futures & options) mutual funds & IPO's in India Stock Markets. You can buy or sell securities on NSE and BSE Stock exchanges.
• Idbipaisabuilder.in enables you to set up a single integrated 3-in-1 account that links your Bank, Demat and Trading accounts.
• Live streaming quotes and technical charts.

Disadvantages of Idbipaisabuilder :

• Site and software are still pretty new.
  

Geojit

Geojit
Geojit's strengths are in the commodity broking business and the strong presence in the online trading segment are key positives.

Advantages of Geojit :

• Low brokerage - specially for F&O.
• Customer service is good.
• Trading account can be linked to bank account.

Disadvantages of Geojit :

• Software is not as good as some of the others.

Motilal Oswal

Motilal Oswal

Motilal Oswal Financial Services is a global, diversified financial services group having businesses in securities, commodities, investment banking and venture capital.

Advantages of Motilal Oswal :

• Low brokerage rates.
• Access to various online reports like margin report, Demat A/c details, trades executed, turnover report, net position report with mark to market profit/loss and realized profit.
• Trading is available in both BSE and NSE.

Disadvantages of Motilal Oswal :

• Customer Service is bad.

Religare

Religare

Religare (formerly Fortis Securities) is a Ranbaxy-promoted financial services outfit. The Religare group provides various financial services which include broking (stocks & commodities), depository participant services, portfolio management services, advisory on mutual fund investments and many more.

Reliance

Reliance Money
Reliance Money is the financial services division of the Anil Dhirubhai Ambani Group promoted Reliance Capital Limited.

Advantages of Reliance Money :

• Reliance Money offers a single window facility, enabling you to access, amongst others, Equity, Commodity Derivatives, Offshore Investments, IPOs, Mutual Funds, Life & General Insurance Products.
• Low brokerage charges for people who carry out a lot of trading. Customers have to buy prepaid cards.
  Brokerage Structure:
  Pay upfront brokerage.
  Rs 500 valid for 1 cr trading or 2months
  Rs 1350 valid for 3 cr trading or 6 months
  Rs 2500 valid for 6 cr trading or 12 mnths
  There would be very less service tax(almost zero)
  Structure same for equity and commodity markets.

Disadvantages of Reliance Money :

• No linking with bank accounts available yet.
• Many of the facilities are still under development and the software is not mature.
• Charting facility is very poor.

IndiaBulls

IndiaBulls
Indiabulls is India's leading Financial Services and Real Estate Company having presence over 414 locations in more than 124 cities.

Advantages of Indiabulls :

• Trading terminal is user friendly and fast.
• Trading is available in both BSE and NSE.
• Excellent phone trading facility.
• IPO application has now been added.

Disadvantages of IndiaBulls :

• Cannot trade mutual funds or bonds.
• Cannot trade a number of shares (Z category) that are not approved by them.

ShareKhan

ShareKhan
Sharekhan is the online stock trading company of SSKI Group, provider of India-based investment banking and corporate finance service. ShareKhan is one of the largest stock broking houses in the country.

Sharekhan's equity related services include trade execution on BSE, NSE, Derivatives, commodities, depository services, online trading and investment advice. ShareKhan has around 250 offices around the country.

Advantages of ShareKhan :

• Trading terminal is fast.
• Their research reports are excellent.
• Trading is available in both BSE and NSE.
• Excellent phone trading facility.

Disadvantages of ShareKhan :
Cannot trade mutual funds or bonds.

ICICIDirect

ICICIDirect
ICICIDirect is the stock trading company of ICICI Bank. Along with stock trading and trading in derivatives in BSE and NSE, it also provides facility to invest in IPOs, Mutual Funds and Bonds.

Advantages of ICICIDirect :

• 3-in-1 account integrates your banking, broking and demat accounts. All accounts are from ICICI and very well integrated.
• Investment online in IPOs, Mutual Funds, GOI Bonds, and Postal Savings Schemes all from one website. General Insurance is also available from ICICI Lombard.
• Trading is available in both BSE and NSE.

Disadvantages of ICICIDirect :

• Getting access to ICICIDirect.com website during market session can be frustrating
• ICICIDirect brokerage is high and not negotiable. Check latest rates at: http://content.icicidirect.com/mailimages/feeschedule.htm
• No live streaming quotes.

Online Stock Brokers

Online trading is a boon for those who want to avoid the hassle of personally dealing with a broker. It's an Internet based trading facility that allows you to buy and sell shares through an online broker. Once you join an online trading site, you can buy and sell through the stockbroker's Web site.

Things to do before opening Online Share Trading Account

1. Ask for Demo: Contact the broker who provide online trading service and ask him to give you a demo of product.
2. Check if the broker trades in multiple stock exchanges. Usually most of the Online Trading Websites trade in NSE and BSE in India.
3. Check the integration of Brokerage account, Demat account and Bank account.
4. Compare brokerages with other peer companies.


Standard document require to open an Online Trading Account

1. Proof of residence (Address proof)

* Driving license
* Voter's ID
* Passport
* Photo credit card
* Photo ration card
* Utility Bill (Telephone, Electricity etc)
* Bank Statement

2. Proof of identity

* Driving license
* Voter's ID
* Passport
* Photo ration card

3. PAN Card
4. Two photographs