Online trading account

To put it simply, the broker decides how many markets it offers. Funny or not, a lot of brokers offer access to only a handful of markets.

Free forex bonuses

Trading Account: Can I Open One? Why Should I, online trading account.

This can be quite weird. Even mid-sized brokers can skip for example japanese stocks, the third largest stock market after NYSE and NASDAQ. Now hang on, because there is one last bit to clear out about international investing. Some stocks are introduced to multiple exchanges. For example, IBM, a US company is not just listed on the new york stock exchange, but also on the UK london stock exchange. This is called cross-listing.

Trading account: can I open one? Why should I?

All reviews and top lists updated for 2021. Check out the annual brokerchooser awards.

Can an italian open a trading account at a dutch broker and buy an american stock on a german stock exchange?

For example, an italian can open a trading account at degiro, a dutch broker. He can buy shares of apple stock, which is a US company traded on the frankfurt stock exchange. So there you go. Check out this handy graph and keep an eye on the coloring.

Trading account opening explained - Can I open one?

Let’s break this down and see how international trading works. We should start with international brokers.

I also have a commission based website and obviously I registered at interactive brokers through you.

Especially the easy to understand fees table was great!

Trading account
what is a trading account?

A trading account is an online account that allows you to trade an invest on exchanges online. You can think of it as a digital bank account that allows you to buy and store securities like stocks, etfs or bonds.

Trading account
trading accounts at international brokerages

Have you ever wondered why banking is local?

I am sure you have a local bank account. Right? It is difficult to open a foreign bank account. It is even more expensive and complicated to use one at home, right? As a rule of thumb, banks are not good at serving foreign citizens.

The good news is trading accounts at brokerages can be international. There are a lot of ways to have a trading account at a foreign broker account. For europeans, it is possible to open a broker account in another EU country. What's more, you can also open accounts in the US or at a swiss broker.

At least this is what the regulation says. The catch is that brokers do not always provide trading accounts to foreign customers. Don’t ask us why. We do not understand it either, but some brokers provide cross-border services, and some don’t. Here are a few examples:

Interactive brokers and fidelity are two well-known US brokers. You would think they act more or less the same, but they don't. Interactive brokers is easily accessible globally, fidelity’s service is only for US residents. We think it is fidelity’s business decision not to provide trading accounts for foreigners.

IG is a UK broker specializing in FX and cfds. IG also has stock brokerage services in the UK and in australia, but not in sweden.

Barclays stockbrokers is UK stockbroker. On contrary to IG, barclays only provides their service to UK citizens.

Seems puzzling, we admit. How on earth you will know if the broker is available? This is when brokerchooser comes in and filters the brokers available for you. Try our broker finder to get the brokers available in your country!

To sum up, you can open a trading account at an international broker by law, but it is up to the broker whether they provide the service in your country.

Let’s go further. One advantage of having an international broker account is the foreign market access. Let's investigate that.

Want to stay in the loop?

Trading account
international market access

International stock markets

A broker's job is to connect you with the stock markets. With other words, if you want to buy a stock, the broker buys it for you on the market. If you want a turkish stock, your broker needs to have access to the istanbul stock exchange.

To put it simply, the broker decides how many markets it offers. Funny or not, a lot of brokers offer access to only a handful of markets. This can be quite weird. Even mid-sized brokers can skip for example japanese stocks, the third largest stock market after NYSE and NASDAQ.

It is expensive for a broker to register at every stock market. Still, it is hard to grasp what drives brokers when choosing markets. It is not their size or international client footprint. Here are a few examples:

HSBC invest direct plus, a super big bank’s brokerage subsidiary only allows 2 markets

Degiro, a dutch discount broker gives you access to 32

Saxo bank, a danish broker, a big player offers 36 stock markets

Interactive brokers offers the most markets, 74

Your broker might provide a lot of markets, but only through a non-online, live broker. You will have to call them and it usually costs more. For that reason, brokerchoosr only counts online brokers when testing and comparing trading accounts.

So how do you know which stock markets are available at a broker? Check out our comparison table to get a summary view.

Forex and CFD markets

When we say markets, we usually talk about stock exchanges. However, there is a similar theme to other products. E. G. In forex currency pairs define how many “markets” the broker offers. You always have the main currencies, called majors, but minor ones are not a given and depend on the brokers. For forex trading, you will need a great forex broker. Here is our best forex brokers in 2019 list.

Take a deep breath, because we are now getting to the advanced section. We were saying brokers need to register to stock markets, which is expensive, so they do not provide a lot of markets. However, brokers came up with a smart trick. Some of them provide access to markets through cfds. Great, and what the heck is that, right? CFD is a bet on whether the stock price goes up or down. By offering this bet to customers, brokers can provide access to all markets without being registered on the stock exchanges.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor, accounts lose money when trading cfds. If you want to learn more, here are a few CFD trading tips.

For now remember that if a broker promises access to a certain market, check, if it is stock or CFD.

Alternative exchanges

Beside cfds, you should know about another broker trick. Some brokers advertise market access by country, e.G. US stock. If they do this, they let you trade stocks there, but might not through the prime stock exchange. In the US the most well-known exchanges are NYSE and NASDAQ. However, some brokers provide access to BATS (better alternative trading system). BATS is a liquid and robust exchange with more or less the same companies. It is cheaper than the prime exchanges. It is just not the prime market. So keep an eye on for exchanges.

We already covered a couple of advanced topics. Read the next chapter only if you can keep going. Otherwise, jump to the sum up questions.

Trading account
cross-listing on stock exchanges

We talked about two things so far

You can open an international broker account

International brokers can give you access to international markets

Now hang on, because there is one last bit to clear out about international investing. Some stocks are introduced to multiple exchanges. For example, IBM, a US company is not just listed on the new york stock exchange, but also on the UK london stock exchange. This is called cross-listing.

The benefit? You might be able to access more international stocks on the market you have access to with your trading account at your chosen broker. E. G. You can buy the IBM stock if you have access only to the london exchange. If you are a pro, you could also choose the market with the lowest commission.

Trading account
summing up: can I open?

You are done with this section, congrats! International investing can be a piece of cake. Next section is about why use an international broker.

Now, test your knowledge with these sum-up questions:

Can you open a trading account at an international brokerage?

Who defines which international markets are offered at a broker?

Name a few tricks a broker can pull when it advertises international markets!

True or false: german stock exchange only provides german stocks. Why?

Two brokers for you to consider: interactive brokers and degiro.

Don't forget, you can check which broker is available in your country by using the broker finder.

Trading account
trading account: the why?

If brokerchooser were cosmo, this would be on the cover:

Six pleasures you are missing out - the truth behind owning a foreign broker account

It is inexpensive – finally, you can buy yourself that treat

More to shop – thousands of products wait just for you

Just sooo fabulous – the platforms are easy to use, even for you

More news and gossips – because smart is the new sexy

It is safer – and you don’t want to be in danger, do you?

Your international broker loves you – yes! You, you, you

Ok, these might not be all true. And we are also not cosmo. But you have to give it in; there are a lot of benefits of an international broker account. Let’s go through them more seriously.

Trading account
prices of trading accounts

International brokers are generally cheaper than their domestic rivals. It depends of course on the specific international and domestic broker, but because of scale effect, bigger, international players are generally cheaper.

Trading account
trading platform

At brokerchooser we often hear that platform’s user experience is not that important. Probably you think this the same way. Sorry, we have to disagree.

Having good functionalities can serve you with enhanced trade insights and ideas, a better overview of your portfolio and trading costs or more security when logging, just to name a few. Platform quality is important, and as a trend, big players are better than domestic platforms.

Trading account
research and analysis

Research and analysis is an interesting topic. We need to give it in; some domestic players are running quality proprietary research, and domestic analysis tools can beat big names. Still, the general rule is bigger players can afford bigger research teams, and mostly this leads to high-quality research and super alerts.

Trading account
things to consider additionally

We went through the cosmo points, but there are further aspects you should consider before moving all your money to your new trading account at an international broker.

Language: your international broker will most likely be accessible in english. Are you fine with this?

International money transfer costs: transferring money to an international account can get expensive, depending on your bank.

Tax: we will cover tax later, but your tax report could get more complicated.

Pension schemes: your country most likely has a special pension security account with tax benefits. This subsidy might not be available if you are investing at a foreign broker.

Trading account
product portfolio

Most people start to invest in their domestic market with their trading account. You fill your car at the domestic oil company, your cousin tells about the manufacturer where he works, and so on. Domestic companies are surely great, but looking further abroad you can get to world class companies, like disney, google, louis vuitton, etc. Having access to the US, UK, german, japan, french and chinese markets is an advantage not provided by most domestic brokers.

When we talk about product portfolio, it is not just about countries. It is also more common at the international brokers to have access to more product types. You can trade more likely with FX or bonds at an international player. International players can provide a one stop shop for all your trading and investment needs.

On the other hand, you might want to check the international broker if it provides access to your domestic market. It might not.

These are of course just trends. You might find a great domestic broker, and some international players do not live up to the broad product portfolio promise.

Trading account
safety

When it comes to the safety of a trading account, international broker’s superiority is not self-evident at all.

If you are not from a prime credit rating country, you might get better off with a good, e.G. US investor protection. On the other hand, some argue if disaster comes, it will be very hard to get your money back from a US governmental body sitting in europe. Both points are right, and security needs some extra thinking. You should consider both the safety of the broker and safety of the country of the broker. By country safety we mean the country of regulation under which the broker operates (and not necessarily the country of domicile, where the broker company was founded).

At broker safety, you could consider three factors:

1. Is the broker listed on a big stock exchange? - being listed forces companies to be transparent. The key here is big, because being listed on a small exchange is warning sign, not a reassuring fact.

Does the broker have a strong bank ownership? - A strong bank can bail out its broker subsidiary. It is not a guarantee, but could be an investor safety net.

3. How are press reviews and user reviews on the broker? - this is a soft factor, but with a little bit of googling you can find valuable information about most broker’s public reputation.

As you can see these factors depend very much on the broker and not on where the company is based. As a general rule international players tend to be better in broker safety factors but it is not a rule by far.

When it comes to the country safety of the broker, you should consider another three factors:

How does the country’s investor protection work? - you need to assess the country’s regulation.

How much will the specific country enforce the protection for the foreign investor? - of course, all countries claim they will stand by. But, we have seen strange things before. So, you should check the country’s credit rating and its general reputation.

How are the secrecy laws enforced? - check the country’s regulation.

You can see yourself that safety is not an easily assessed issue. Brokerchooser votes on a secure broker of a secure country, but this is also a bit of a belief thing. It is a no brainer, that a secure swiss broker is better than a dodgy cyprian (sorry, cyprus). If your country is not in a great fiscal state, you could consider using an international broker.

11 best demat & trading account in india 2021 (review & comparison)

Written by pardeep goyal | updated on january 9, 2021 | 166 comments

I opened my first demat account in 2006 after getting my first job because I wanted to invest 20% of my salary in the stock market.

I had no knowledge of stock investing at that time so I thought brokers like ICICI or sharekhan would help me pick the right stocks.

Opening an account with ICICI was easy because I was having a salary account with ICICI bank. They started sending me tips on stock trading and investing.

I kept on buying and selling as per their recommendation but later I realised that I am losing a lot of money in the brokerage because ICICI was charging as high as 0.5% on my trades.

I switched to sharekhan to save brokerage but they were also charging 0.1% on the buy/sell transactions.

I came to know about discount broker zerodha in 2015 that was charging ZERO on stock delivery and flat rs. 20 per transaction for day trading.

In the last 2-3 years, many companies have started offering demat & trading services at flat rates. New companies waive off account opening fees and also offer some additional perks.

If you buy stocks worth rs. 1,00,000 then you would pay approx 500 rs.+ taxes to ICICI but the same you can buy at zero charges + govt fees + taxes from discount brokers like zerodha, upstox and 5paisa.

Our top picks for best demat & trading account in india 2021

Fix brokerage of rs 20 per trade.

Unlimited zero brokerage for 30 days.

Lowest fixed brokerage of upto rs.10 per trade.

Every broker has some advantages and disadvantages. Discount brokers focus on improving their trading platforms while full-service brokers focus on improving customer service.

Your experience with discount broking customer service may not be good but you would save a lot of money in brokerage.

Best demat account with lowest brokerage in india 2021

#1. Zerodha demat account review

Zerodha is the largest and most trusted discount broker with a user base of more than 30 lakh. The biggest reason for zerodha’s success is its customer support which is better than all other discount brokers.

Zerodha charges a lower brokerage fee of 0.03% or rs. 20 per executed order whichever is lower. You can save up to 90% as compared to other full-service stockbrokers if you trade in high volumes. The stock delivery trade is free at zerodha.

You will get the trading platforms with advanced charts and other tools for better technical analysis with zerodha.

Why zerodha is at #1

Most trusted broker in india

Fix rs. 20 per trade on intraday trades

Zero brokerage on the stock delivery

Good customer support

Best charts and tools for technical analysis

Account charges

Demat & trading account opening charges – rs 200

Commodity account opening charges – rs 100

Annual maintenance charges – rs 300 per year

Zerodha brokerage charges

Equity delivery- zero brokerage

Equity intraday- 0.03% or rs 20 per executed order whichever is lower

Equity futures- 0.03% or rs 20 per executed order whichever is lower

Equity options- flat rs 20 per executed order

Zerodha trading platforms

Zerodha kite 3.0 – A complete trading solution for the investors and traders that provides streaming price data, multi-market access, advanced charts and simple UI.

Kite by zerodha mobile app – A mobile app version of kite 3.0 for a seamless trading experience, especially for the young generation (android/ios) smartphone users.

Zerodha coin – A platform that lets you buy direct mutual funds online without paying any commissions.

Key benefits of zerodha

Delivery is totally free. No brokerage on delivery.

No minimum cap of brokerage per transaction.

Maximum brokerage charge capped to rs 20 irrespective of transaction volume.

Provide a margin from 4 to 15 times.

#2. Upstox demat & trading account review

Upstox is one of the best discount brokers in india due to cheap brokerage charges, advanced technology platforms, and high margins.

Upstox charges a fixed brokerage of rs. 20 per trade for intraday irrespective of the trading volume with free stock delivery. You can save a good amount in brokerages when compared to other full brokers.

You will get the fastest & best online trading platform in india with upstox which is the main requirement for trading.

Upstox is offering an unlimited zero brokerage for 30 days which means you can do free trade for the next 30 days without paying a single penny as brokerage.

This is a limited time offer with free account opening.

Why upstox is at number #2

Free account opening

Zero brokerage for 30 days

Benefits worth rs. 4,000

After that only rs. 20 per trade

Zero stock deliver brokerage

Fast account opening process

Upstox account regular fee & charges

Upstox demat and trading account opening – free

Upstox annual maintenance charges – rs. 25 per month

Upstox trading brokerage charges

Type	brokerage
equity delivery	rs. 0
equity intraday	lower of rs. 20 per executed order or 0.05%
equity futures	lower of rs. 20 per executed order or 0.05%
equity options	rs. 20 per executed order
currency futures & options	lower of rs. 20 per executed order or 0.05%
commodity F&O	lower of rs. 20 per executed order or 0.05%

Special offer on brokerage (valid till 31st jan)

Free account opening

Zero brokerage for the next 30 days

If you are planning to open a demat account, open before the offer ends.

Advantages of upstox trading account

No brokerage charges for delivery

Great trading platforms

Fix & low brokerage irrespective of trade volume

What we didn’t like

You cannot make the investment to IPO and FPO

#3. 5paisa demat account review

5paisa charges the lowest brokerage charges of flat rs 10. Per trade under the addon ultra trader pack. You can place a single trade worth crores and pay brokerage of just rs 10 per trade.

The ultra trader pack comes with a monthly price of rs. 999. Without the pack, 5paisa charges a flat brokerage fee of rs. 20 per executed order.

You can use a 5paisa mobile trading app for trading. 5paisa mobile app is the best mobile app in india in terms of easy usability, user experience, and fast speed.

You would get your 5paisa account opened on the same day on submitting all the documents. If you are looking for the lowest brokerage demat account, then you go with 5paisa.

Why 5paisa is at #3

Lowest brokerage charges of rs 10 per trade

Zero brokerage on delivery

Fastest account opening process

Offers the best trading app with easy to use.

5paisa annual charges details

5paisa offers an all-in-one investment account with 2 different addon packs

Research & idea pack – rs. 499 per month. Brokerage rs. 20 per trade and AMC rs. 45 per month.

Ultra trader pack – rs. 999 per month. Brokerage rs. 10 per trade and NIL AMC charges.

You need to pay maintenance charges only for the traded month under the research & idea pack.

Best trading platforms 2021

The stockbrokers.Com 2021 review (11th annual) took three months to complete and produced over 40,000 words of research. Here's how we tested.

Do you want to buy shares of stocks like apple (AAPL), facebook (FB), netflix (NFLX), or tesla (TSLA)? If so, you’ll need to set up a trading account with an online broker.

Every stock trading platform is unique. And now – with every broker offering $0 stock and ETF trades – deciding which one to use comes down to differences in the overall trading experience. Investment options, trading tools, market research, beginner education, customer service, and ease of use are all factors investors should consider when choosing a broker.

Having led these annual reviews for the past 11 years, I have seen the industry evolve firsthand. I placed my first stock trade when I was just 14 years old. (it was starbucks.) today, at 34, my lifelong tally of trades is now more than 2,500.

I geek out over every aspect of the trading experience, which is why our review process is so exhaustive. This year we measured more than 250 individual variables. I couldn't have done this alone, though. Big thanks to my teammates steven hatzakis, jessica hoelscher, and joey shadeck, along with the rest of our awesome editorial staff.

Best trading platforms 2021

Here are the best online brokers for 2021, based on 256 variables.

TD ameritrade - best overall, best for beginners

Fidelity - best for everyday investors

Charles schwab - best IRA accounts

Interactive brokers - best for professionals

E*TRADE - best web trading platform

Best overall, best for beginners

TD ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners, and reliable customer service. This outstanding all-around experience makes TD ameritrade our top overall broker in 2021. Read full review

Best for everyday investors

Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 32 million customers, fidelity is a winner for everyday investors. Read full review

Best IRA accounts

With more than $6 trillion in client assets, charles schwab understands how to consistently deliver value to its customers. Highlights include $0 trades, excellent stock research, a diverse selection of trading tools, and an industry-leading offering of financial planning services. Read full review

Best for professionals| open account
exclusive offer: new clients that open an account today receive a special margin rate.

Once again, in 2021, interactive brokers is our top pick for professionals because of its institutional-grade desktop trading platform and rock bottom margin rates. Professionals aside, interactive brokers also appeals to casual investors with $0 trades and its user-friendly web platform. Read full review

Best web trading platform

Founded in 1982 as one of the first online brokerages in the united states, E*TRADE highlights include $0 trades, two excellent mobile apps, and the power E*TRADE platform, which is great for beginners, active trading, and options trading. Read full review

Other trading platforms

In addition to our top five trading platforms for 2021, we reviewed six others: merrill edge, firstrade, ally invest, tradestation, webull, and robinhood. Here's our high-level takeaways for each. To dive deeper, read our reviews.

6. Merrill edge

Merrill edge offers $0 trades with industry-leading research tools (especially ESG research) and excellent customer service. Better yet, for current bank of america customers, merrill edge's preferred rewards program provides the best rewards of any bank broker we tested in 2021. Read full review

7. Firstrade

While firstrade is easy to use and terrific for chinese-speaking investors, its overall offering struggles to stand out against brokers who also offer $0 stock trades. Read full review

8. Ally invest
for current ally customers looking to invest in stocks, ally's universal-accounts experience and easy-to-use website is a convenient solution. Read full review

9. Tradestation

As a trading technology leader, tradestation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades. Read full review

10. Webull
webull offers a unique community experience and easy to use trading platforms that will satisfy most young investors. However, for everyday investing, webull lacks the trading tools and features to compete with industry leaders who also offer $0 stock and ETF trades. Read full review

11. Robinhood
robinhood is very easy to use; however, now that all online brokers offer $0 stock and ETF trades, robinhood's lack of trading tools and research leaves it a step behind the competition. Read full review

2021 overall ranking

Here's the overall rankings for the 11 online brokers who participated in our 2021 review, sorted by overall ranking.

Note: due to the pandemic and extensive market volatility, customer service was not scored as a main category.

2021 industry awards

For the stockbrokers.Com 2021 review, all online broker participants were assessed on 256 different variables, with 2,816 data points collected in total. Here are the 2021 main category, secondary category, and industry award winners. Here's how we tested.

2021 best trading platforms main category winners

2021 best trading platforms secondary category winners

2021 best trading platforms industry award winners

What is the best stock broker for beginners?

Based on over 30 variables, the best stock broker for beginners is TD ameritrade. Alongside paper (practice) trading, TD ameritrade offers the largest and most diverse selection of educational content. Highlights include over 200 videos, progress tracking, quizzes, and over 100 monthly webinars, among others.

Which online broker has the lowest fees?

When it comes to buying stocks online, our research found fidelity has the lowest fees overall. Fidelity is the only online brokerage to offer $0 stock trades and not accept payment for order flow (PFOF). Since every broker offers free stock trades, hidden costs matter.

Which online trading platform is best?

Online trading platforms come in one of three forms: desktop (download), web (browser), and mobile (app). After testing 11 brokers and collecting 2,816 data points, we found that TD ameritrade has the best desktop trading platform, E*TRADE has the best web trading platform, and fidelity has the best stock trading app.

Summary

To recap, here are the best trading platforms overall for 2021.

Methodology

For the stockbrokers.Com 11th annual best trading platforms review published in january 2021, a total of 2,816 data points were collected over three months and used to score brokers. This makes stockbrokers.Com home to the largest independent database on the web covering the online broker industry.

Participation is required to be included. Each broker completed an in-depth data profile and offered executive time (live in person or over the web) for an annual update meeting. Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.

More from the editor

Alongside the stockbrokers.Com annual review, our fifth annual forex brokers review, which included 27 forex brokers, was also published on our sister site, forexbrokers.Com. Finally, be sure to check the latest financial advisor ratings, which you can view on investor.Com.

About the author: blain reinkensmeyer as head of research at stockbrokers.Com, blain reinkensmeyer has 20 years of trading experience with over 1,000 trades placed during that time. Referenced as a leading expert on the US online brokerage industry, blain has been quoted in the wall street journal, the new york times, and the chicago tribune, among others.

All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

TD ameritrade, inc. And stockbrokers.Com are separate, unaffiliated companies and are not responsible for each other’s services and products. View terms.

1 $0.00 commission applies to online U.S. Equity trades, exchange-traded funds (etfs), and options (+ $0.65 per contract fee) in a fidelity retail account only for fidelity brokerage services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an options regulatory fee (from $0.03 to $0.05 per contract), which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See fidelity.Com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through fidelity clearing & custody solutions® are subject to different commission schedules.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read characteristics and risks of standardized options. Supporting documentation for any claims, if applicable, will be furnished upon request.

Advertiser disclosure: stockbrokers.Com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.G. Exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.

Disclaimer: it is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While stockbrokers.Com has all data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by stockbrokers.Com, nor shall it bias our reviews, analysis, and opinions. Please see our general disclaimers for more information.

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"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, mutual fund etc.), you need not undergo the same process again when you approach another intermediary."

“no need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account”

"prevent unauthorized transactions in your demat / trading account update your mobile number/ email id with your stock broker / depository participant. Receive information of your transactions directly from exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day."

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Enjoy $0 commissions for online US-listed stock, ETF, and options trades. 2 get easy access to your cash with a free debit card, checking, or bill pay. 3

Open an account in about 10 minutes.

What you get
with an E*TRADE
brokerage account

We have tools to help make investing easy. Youвђ™ll get a full range of investment choices. Ideas of what to invest in. Easy-to-use trading tools. And help whenever you need it.

Invest commission-free with kiplinger's #1 rated mobile app. 1

Enjoy $0 commission on online U.S. Listed stock, ETF, and options trades with no account minimums.

Trade more, pay less

With E*TRADE, you pay $0 commissions for online US-listed stock, ETF, and options trades.
Hereвђ™s a quick overview of our clear, competitive per-trade pricing.

Stocks

Mutual funds

Prices vary

No load, no-transaction-fee for more than 4,400 funds 4

Options

50вў - 65вў

Bonds

Per bond for online secondary market trades ($10 minimum, $250 maximum) 5

Futures

Per contract, per side вђ”plus fees 6

Investing doesn't need to be confusing

Not sure where to begin? We can help you learn the ins and outs of investing with in-depth tutorials, articles, videos, and more.

Up your game with our trading tools

We have tools for every trading level. Placing a trade is easy with E*TRADE's desktop and mobile platforms. Not new to the game? Power E*TRADE is our innovative platform for traders who are passionate about the markets.

Have questions? Get jargon-free answers.

We're always here if you need help or want to bounce ideas off us. Our team leaves confusing financial jargon at the door, and instead talks to you like a human.

Start investing today

Enjoy $0 commissions on online US-listed stock, ETF, and options trades with no account minimums. 2В

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Check the background of ETRADE securities LLC onв FINRA's brokercheckв andв see
ETRADE securities LLC and E*TRADE capital management, LLCВ relationship summary.

PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

Securities products and services offered by E*TRADE securities LLC. Member FINRA/SIPC. Investment advisory services offered by E*TRADE capital management, LLC, a registered investment adviser. Commodity futures and options on futures products and services offered by E*TRADE futures LLC, member NFA. Bank products and services offered by E*TRADE bank and E*TRADE savings bank, both federal savings banks and members FDIC. Stock plan administration solutions and services offered by E*TRADE financial corporate services, inc. All separate but affiliated subsidiaries of E*TRADE financial holdings, LLC.

Securities, investment advisory, commodity futures, options on futures and other non-deposit investment products and services are not insured by the FDIC, are not deposits or obligations of, or guaranteed by, E*TRADE bank or E*TRADE savings bank, and are subject to investment risk, including possible loss of the principal amount invested.

System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors.

11 best online brokers for stock trading of february 2021

Want to trade stocks? You’re going to need an online broker, and that broker should offer a reasonable investment minimum, high-quality trading tools, robust access to customer service and no hidden account fees. On these measures, the brokerage firms below earned their place on our list of the best online brokers for stock trading.

We evaluated brokerage firms and investment companies on the services that matter most to different types of investors. For example, for active traders, we've noted online brokers with low or no commissions and robust mobile trading platforms. For people venturing into investing for the first time, we've included the best online brokers for educational resources (including webinars, video tutorials and in-person seminars) and on-call chat or phone support.

Read on to see our picks for the best brokers, alongside links to our investing experts' in-depth reviews on each.

Saxo account

Trade, hedge and invest across 40,000
instruments from our most popular account.

Join saxo today and trade all our asset classes on
industry-leading prices, through award-winning platforms and
with expert personal service.

Why trade with saxo?

Global market access

Trade more than 40,000 instruments across forex, cfds, stocks, options, commodities, futures and bonds.

Powerful platforms

Access both our platforms, the award-winning saxotradergo and professional-grade saxotraderpro, from one account.

Industry-leading prices

Benefit from market-leading entry prices and get tighter spreads and lower commissions when you upgrade your trading tier.

Expert support

Receive best-in-class digital support as standard and unlock even better personal service with our premium trading tiers.

Our account tiers

Trade more, pay less and get better service

Minimum funding £ 500

Classic

Benefit from industry-leading entry prices

Tight entry prices

Best-in-class digital service and support

24/5 technical and account support

Priority customer support

Direct access to our trading experts, 24/5

1:1 saxostrats access

Exclusive event invitations

Minimum funding £200,000

Platinum

Receive even tighter spreads and commissions

Up to 30% lower prices

Best-in-class digital service and support

24/5 technical and account support

Priority local-language customer support

Direct access to our trading experts, 24/5

1:1 access to the saxostrats

Exclusive event invitations

Minimum funding £ 1,000,000

VIP

Get the VIP treatment with our best prices and service

Our very best prices

Best-in-class digital service and support

24/5 technical and account support

Personal relationship manager

Direct access to our trading experts, 24/5

1:1 saxostrats access

Exclusive event invitations

Open a saxo account now

How to move between tiers

When you open an account, your initial deposit will determine which account tier we place you in first. After your first 12 months trading, your tier will automatically be adjusted based on the number of rewards points you’ve earned.
To better understand how this works, visit our saxo rewards page.

Expert support

Integrated digital support

Find helpful resources in our self-service support centre or platform-integrated helpdesk.

Personal support

Get expert support for account and technical queries whenever markets are open.

Our teams operate from 16 countries, and each team member is a saxo platform specialist, fully immersed in their local market.

In-house analysts

Our team of top-tier strategists – the #saxostrats – provide daily insights, analysis and views across global markets, asset classes and tradable instruments.

Personal relationship managers

Platinum and VIP clients benefit from a personal point of contact to answer account queries and offer exclusive invitations to events and webinars. Your relationship manager can also provide a personal introduction to saxo platforms and educational content, as well as curated market news relevant to your trading and investment interests.

Exclusive VIP services

Become a VIP client to receive priority one-to-one support, a sparring mate to discuss trading strategies, and assistance placing complex orders.

VIP clients can also speak directly with our in-house analysts the saxostrats to discuss asset allocation in line with macro developments, their views on all major asset classes, and the implications of central bank policies and other market events.

Frequently asked questions

What documents should I read before applying?

What information/documents do I need when applying?

We're required to collect a national ID number (national insurance for UK taxpayers) from all clients.

If through the application process we're unable to verify your identity electronically, we may also need a picture of your proof of ID (e.G. Driver's licence) and proof of address (e.G. Utility bill).

What commissions does saxo charge?

For a comprehensive overview of our industry-leading spreads and commissions and details of additional costs, such as inactivity fees, click here.

How is my money protected?

As we’re regulated and authorised by the financial conduct authority, when you make a deposit into a saxo account, your money is guaranteed as:

It’s safeguarded in at least one segregated account

It’s protected by the financial services compensation scheme

How do I open an account?

It’s quick and easy to open a saxo account: just fill in our simple online form and submit any supporting documents such as your ID or proof of address if required.

Can I hold multiple currencies in a saxo account?

You can fund and deposit your saxo account with 18 different currencies, and open sub accounts to switch between different currencies.

What markets can I access?

Your saxo account provides access to more than 40,000 instruments across asset classes, and products including FX, cfds, etfs, stocks, bonds and more. Find out about our range of tradable markets, here.

How do I transfer stocks to saxo?

You can transfer existing stock portfolios to saxo through our award-winning platforms. Once you’ve opened your account, log into the platform, navigate to ‘my account’, and select ‘asset transfer’.

For more information, please read here.

If you didn’t find what you were after, contact us directly and we’ll be pleased to help.

Open a saxo account now

Simply fill in our application form, fund securely and access our entire product range.

Our other accounts

Professional account

Find out more about opening an elective professional account.

Corporate account

Give your firm access to the same tools and markets as retail clients.

Joint account

Create an account for yourself and a family member.

Make the most of your ISA allowance with a stocks and shares ISA.

Trust account

Apply for an an account to trade your trust funds with us.

SIPP account

Invest your SIPP funds through our award-winning platforms.

Democratising trading
and investment for
more than 25 years.

Saxo markets
40 bank street, 26th floor
E14 5DA
london
united kingdom

Support centre
for existing clients, please click here to request support via the support centre.

Have a question about our products, platforms or services? Visit the support centre to find answers for our most frequently asked questions. If you are still unable to locate an answer to your question, you will also find contact details for your local saxo office to speak with a representative.

Products & pricing

Forex

Cfds

Futures

Commodities

Forex options

Listed options

Stocks

Bonds

Etfs

Investment portfolios

Trading strategies

General charges

Platforms

Accounts & service

General

Other

Across

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds, or any of our other products work, and whether you can afford to take the high risk of losing your money. The value of your investments can go down as well as up. Losses can exceed deposits on some margin products. Professional clients can lose more than they deposit. All trading carries risk.

Trade responsibly
all trading carries risk. To help you understand the risks involved we have put together a series of key information documents (kids) highlighting the risks and rewards related to each product. Read more
additional key information documents are available in our trading platform.

Saxo markets is a registered trading name of saxo capital markets ltd (‘SCML’). SCML is authorised and regulated by the financial conduct authority, firm reference number 551422. Registered address: 26th floor, 40 bank street, canary wharf, london E14 5DA. Company number 7413871.

This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the united states, belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. If you are still unsure if investing is right for you, please seek independent advice. Saxo markets assumes no liability for any loss sustained from trading in accordance with a recommendation.

Free
DEMAT &
TRADING
ACCOUNT

Good news! For all those who are yet to start trading in stock market.

Karvy has come up with a special benefit of opening online trading cum demat account at absolutely free of cost. Karvy online account is providing 360 degree online investment across all asset classes with lowest brokerage across the market.

KARVY ONLINE
TRADING BENEFITS

EASE OF USABILITY

Universal interface across all devices.

Trade in equities, currencies or F&O using the same ID and password.

WIDE RANGE OF CHARTS

60 types of technical charts are available.

DEMAT AMC

Complete wave off of demat AMC for 1 year

There are various useful stock advisory services

Daily communication of contextual research reports through SMS / email.

Customised services for rebalancing your portfolio.

Live informative chat with our expert research analyst: ask the expert from 7 AM to 11 PM.

Providing personalised service of portfolio tracker about movement update on stocks.

Research reports backed by strong fundamental analysis.

KARVY ONLINE
TRADING BENEFITS

Online support desk to resolve your queries.

Integrated online back office management.

Timely update of your transactions through SMS / email.

Electronic trading contracts and routine statements on a single click.

OUR VALUE ADDED SERVICES

Investor awareness programs

Karvy mobile trading app

Karvy group, a pioneer in the financial sphere with 3 decades of experience has redefined it by means of innovation, technology and customer centric approach. Its businesses straddle the entire financial services spectrum, renewable energy, data analytics, data management services and many more.

Products

Media

Markets

Research

Sitemap

You can get latest update from us by subscribing to our newsletter.

Customer care toll free

Equity

Commodity

Mutual funds

Get connected

Compliance officer: srikrishna gurazada | contact no: +91-40-23388769 | email: compliance.Ksbl@karvy.Com
investor grievance cell email ID for broking: igksblsb@karvy.Com
investor grievance cell email ID for DP: igksbldp@karvy.Com

Kind attention investors!
As per SEBI’s instructions, we request you to beware of bogus firms promising huge profits through unsolicited SMS. Kindly don’t trust such kinds of messages from any unauthorized persons. READ MORE

Prevent unauthorized transactions in your trading/demat account --> update your mobile number and email ID with your stock broker/depository participant. Receive alerts on your registered mobile for all debit and other important transactions in your trading/demat account directly from exchange/NSDL/CDSL on the same day. In the interest of investors . | . Dear client in pursuant to SEBI circular you are requested to update your aadhaar card details in your KYC. | prevent unauthorized transactions in your trading/demat account --> update your mobile number and email ID with your stock broker/depository participant. Receive alerts on your registered mobile for all debit and other important transactions in your trading/demat account directly from exchange/NSDL/CDSL on the same day. In the interest of investors. | . Dear client in pursuant to SEBI circular you are requested to update your aadhaar card details in your KYC. |

Filing compliant on SCORES (click here) – easy & quick
A. Register on SCORES portal
B. Mandatory details for filing complaints on SCORES I. Name, PAN, address, mobile number, E-mail ID
C. Benefits:
i. Effective communication, ii. Speedy redressal of the grievances

"attention investors

Stock brokers can accept securities as margin from clients only by way of pledge in the depository system w.E.F. September 1, 2020.

Update your mobile number & email id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

Pay 20% upfront margin of the transaction value to trade in cash market segment.

Investors may please refer to the exchange's frequently asked questions (faqs) issued vide circular reference NSE/INSP/45191 dated july 31, 2020 and NSE/INSP/45534 dated august 31, 2020 and other guidelines issued from time to time in this regard.

Check your securities /MF/ bonds in the consolidated account statement issued by NSDL/CDSL every month.

. Issued in the interest of investors"

ASBA has been made mandatory payment by SEBI for all public issues opening on or after jan 01,2016 :
no need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, mutual fund etc.), you need not undergo the same process again when you approach another intermediary click here to read more

SEBI registration no: INZ000172733 | NSE (CM/FNO/CDS/commodity) membership no.: 07701 | BSE (CM/FNO/CDS/commodity) membership no.: 917 | MSE (CM/FNO/CDS) membership no.: 1031 | MCX (commodity) membership no.: 56455 | ICEX (commodity) membership no.: 2081 | NSDL and CDSL DP SEBI registration no.: IN-DP-175-2015 | PMS SEBI registration no.: INP000001512.

SEBI registration no:INZ000073335 | MCX membership ID : 10775 | NCDEX membership ID : 00236 | ICEX membership ID: 2024| NCDEX spot membership ID : 10071
compliance officer: malay hazra| contact no.: 040-33216502| email : malay.Hazra@karvy.Com
investor grievance cell email ID: kctl.Grievances@karvy.Com

Gold adds 5% in 2017, silver slackens

Provided credentials already exist.

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Comprehensive rejoinder on media reports concerning SEBI

Karvy is a diversified financial services and IT solutions provider with a large footprint across india, providing employment to thousands of people in practically all states in the country, and has a proven 40 year record of integrity and a reputation for excellence in the financial markets.

A number of articles have surfaced in the media about karvy in the last twenty four hours. In response to these reports pertaining to the SEBI order issued against karvy dated 22/11/2019, we wish to set the record straight and present our point of view:

Amongst our various businesses, we are a stock brokerage company which services clients across the country and assists them in their investment decisions. It is under the regulatory oversight of SEBI as well as NSE and BSE which on a routine and ongoing basis audit our performance, books of account and other particulars. A recent routine inspection in august 2019 was carried out by SEBI, the exchanges and the depositories. Upon submission of the preliminary inspection report by NSE to SEBI, the regulator issued an ex-parte ad-interim order dated 22-nov-2019 issuing directives in investor interest. The nature of this order is such that by definition, it is an ‘interim’ directive and not a final finding. The order itself states emphatically, that this is in response to preliminary findings and is subject to further review upon a more comprehensive audit and investigation. The order further gives us the right to respond to each and every preliminary observation within a period of 21 days and is thus only a temporary order restraining some actions till december 16th, 2019 when we will represent our position to SEBI.

Even a perfunctory reading of the above mentioned order makes it clear that the only relevant strictures that have been passed against our organization are a temporary hold on the onboarding of new clients, and additional oversight and monitory from NSE and BSE. It in no way prevents us from continuing to transact business on behalf of our existing clients as per their instructions, and in furtherance of investor best interests. The restriction on onboarding new clients is only for a twenty one day period subject to us submitting the clarifications and stating our position.

This order, which was issued on the basis of observations made by NSE during its audit, mentioned a transfer of rs 1096 crores over a three year period to an associate and subsidiary company of karvy stock broking ltd (KSBL)- karvy realty. The quantum mentioned is incorrect. Karvy realty is one of the group companies and investments were made in other subsidiary companies through this entity. We are of the firm belief that the investments made through owned funds of the group and borrowings other than the pledge of securities were fully compliant with the relevant provisions and directives of the regulator during the period that they were made. Further, we wish to reiterate that all monies transferred from time to time were solely for the ongoing conduct of business in subsidiary firms and not a single penny went to enrich the promoters personal funds as is being insinuated.

Reports appearing in several business papers have alleged that there has been a “default of rs. 2000 crores” in the headline. This is highly misleading, completely inaccurate and damaging. Firstly, because if there is a default in our business, as stock broking is not a line of business where the term default is relevant, and the SEBI order itself neither mentions a default nor an amount of rs 2000 crores. We want to reiterate once again that nowhere in the SEBI order has an amount of rs 2000 crores been mentioned, and that this number together with the word default is extremely misleading and damaging to our reputation.

Please note that SEBI has restricted us only from acquiring new customers until the matter is resolved. They have given us 21 days to give a comprehensive response to their prima facie findings, and issued an interim order. Most media have reported that we have been banned from trading. There is NO BAN at all whatsoever, except a restriction on onboarding new customers for a twenty-one day period. This is completely false and we will continue to service all our existing customers uninterruptedly.

Some media has alluded to the fact that our rapid diversification in last few years has resulted in this situation. This diversification into data-driven and IT based services compliments that nature of work in our core financial services business and has been ongoing for the last fifteen years. This diversification is part of a well crafted strategy endorsed by our bankers as a way of safeguarding ourselves from market volatility and our diversification has had no impact whatsoever on the broking business.

We will be providing a detailed explanation and clarifications to SEBI as required. There is no instance where there has been mis-utilization of client securities. We have a track record of resolving investor complaints, and while we acknowledge delays in handling and resolution of certain cases, to characterize it as misutilization is a travesty. We acknowledge that as per prior to SEBI directives we used to pledge shares from time to time in full compliance with the then directives as was the standard practice across broking houses, but following the issuance of fresh directives in 2018-2019, we have commenced the process of reducing the quantum.

Karvy is an industry icon that has been in existence for over 40 years in indian markets, and has grown from humble beginnings to a large firm employing over 35000 people across the country. We have a proven track record of integrity and it would not be possible to build such a large organization or service customers continuously for four decades the way we have if we did not adhere to the highest ethical and moral standards. Our reputation was not built in a day, and the recent highly inaccurate and adamaging reports have no basis in fact

so, let's see, what was the most valuable thing of this article: opening a trading account or an online brokerage account is possible and usually easy for europeans. Learn the caveats and get to know your options through this handy article! At online trading account