With the advancement in technology, there is hardly any activity that couldn’t be processed through laptops/smartphones. Luckily, trading isn’t an exception. Online trading can be defined as an act of purchasing and selling stocks, mutual funds, futures, and bonds through online modes. Ever since this latest mode of stock trading emerged, it continued to gain immense popularity in India. Why not? The wide range of features and interesting benefits make online trading portals the perfect platform for stock traders.

By now, you might have known how easy and convenient online trading is. Besides being an easy trading portal, online trading is known for allowing people to stay up-to-date with the latest stock information. But do you know what specific feature of this form of advanced trading mode has caught the eyes of the investors? Well, it’s definitely the economical nature of this trading. Yes, you read it right! There can’t be a cheaper or a more economical way of purchasing and selling your stocks than trading them through your online trading account. Are you ready to face reality? Read on this post to know how online trading is far better and cheaper than the offline stock trading mode.

  • Eliminates Middlemen

One of the most challenging and expensive parts of stock trading has been the middlemen’s commission. Fret not! Online trading doesn’t call for a middleman, in fact, the individual is allowed to buy and sell his shares without taking the assistance of a broker. Now users can save the money, which they would earlier spend on the broker’s commission. Not only it is economical, but online trading allows you to enjoy a hassle-free trading process. It helps you understand the trading process and make you financially smarter to take better investment decisions.

  • Low Broker Charges

If you compare the brokerage fee charged by online brokers with the same as an offline broker, you will notice a huge difference in the prices. Offline trading is not limited to recruiting a broker, but it involves the set up of a branch and qualified staff recruitment for smoother operations. This entire set-up and recruitment can turn out to be super expensive. In online mode, you only need to create your trading account that requires reasonable maintenance charges. As there is a minimal set-up requirement, the broker will charge you a decent amount. In short, you pay low broker commission when you opt for online stock trading.

  • Low Transaction Fee

Another benefit of online trading is the low transaction fee. Every time a broker carries out the trading process at BSE, MCX, and NSE, he charges a certain amount of transaction fee. This transaction fee is applicable in multiple sectors such as commodities trading, mutual funds, futures, currency derivates, equities, and bonds. The transaction charges usually depend on the volume of your trade.

It is worth to note that you won’t completely get rid of this transaction fee as it is mandatory (no matter whether you opt for online or offline stock trading platforms). However, you may notice a reduction in the total transaction cost if you open an online trading account and manage to find a reliable broker.

  • Quicker Earnings

As online servers are directly connected to the stock exchange, you can easily get the latest stock information. The faster you collect information, the sooner you process the transactions. This way, you can enjoy quick earnings.

 Join Us Now To Invest In Stock Market

More people are now opting for online trading and one of the main reasons behind this major shift is the economical nature of the same. So, why wait? Open your trading account and stop wasting money on stockbrokers, transaction fees, and etc.

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It is, therefore, important to learn both the pros and cons of intraday trading to get a better idea of how this market works and how exactly you can grow your money. In this post, we will walk you through a few advantages and disadvantages of intraday trading. So, keep reading to learn more.

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

Names and contact details of all Key Managerial Personnel including Compliance Officer

Sr. No.Name of the IndividualDesignationContact NumbersEmail Id
1 Charanpreet GillCEO/
2 Charanpreet GillWhole Time
3 Charanpreet GillCompliance
4Manpriya GillDesignated
5Kewal GillDesignated

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