Reliance Money offers lowest brokerage for Day Traders

Reliance Money (owned by Reliance Capital) is offering lowest brokerage for trading in stock markets in India. The company is offering a value package under which one can do trading at very low cost. Reliance is also offering demat, insurance and mutual fund services. Reliance money has different options for Beginner, Moderate Traders and Heavy Traders. A single window for Banking, Trading and Demat Account. The clients can easily transfer funds across accounts.

Your account is safeguarded with a unique security number that act as a dynamic password and changes every 32 seconds. Reliance Money also offers Risk Analyser for analysis of your risk profile.

The introductory offer includes.

You pay Rs 500 and you get Day Trading limit of Rs 5 Lac

Pay 500 more and get Day Trading limit of Rs 1 Crore

Pay Rs 1350 and get Day Trading limit of Rs 5 Crore.

The fee you pay is valid for a specific time period. You can contact your local Reliance Money office or visit their website at http://www.reliancemoney.com

Indiabulls is offering 5 paisa (per Rs 100) for day trading and with taxes and stamp duty, your cost becomes nearly 6 paisa per Rs 100. They will provide you with a software and the interface is almost similar to your traditional broker terminal. You can put orders in real time and see many stats for stock markets. If you are active day trader, Indiabulls will also send you daily contract notes. Their website also offers facility to download the contract notes. The customer care executive or your personal account manager will be always at your help in case you need any information or you are stuck somewhere. Overall, their services are good and the network is well developed all over India.

5 Paisa is also offering a price similar to Indiabulls. The offer additional advice and some tips to their clients.

While, Mansukh offers similar price, they have additional benefit that they only charge you if you make profits.

Indiabulls offers stock research and tips in case you are active day trader.