Thursday, September 1, 2005

Lowest brokerage online NSE currency trading

Intraday limits
Rs 1/- lot
2 times
1/2 paisa (0.005%)
5 times
1 Paisa(0.01%)
Upto 10 times

Statutory Levies
Service Tax
12.36% on brokerage & transaction charges
Transaction Charges
Rs.165 per cr volume
Stamp Duty
Max of Rs. 50 per day
Lowest brokerage on currency segment trading@ Rs. 1/- per lot .

  • Low Commissions – Brokerage fees are very low as the market is highly competitive.
  • No Middlemen – Standardized lot size – Futures/Options currency trading does away with the middlemen and allows clients to interact directly on the exchange platform.
  • Standardized Lot Size – Low transaction cost – In the futures markets, lot or contract sizes are determined by the exchanges which are fixed in nature. This allows traders to trade multiple lots.
  • Low Transaction Cost – The retail transaction cost (the bid/ask spread) is typically less than 0.1 percent under normal market conditions. In large deals, the spread could be as low as 0.07 percent.
  • High Liquidity – With an average trading volume of over $4 trillion per day, FOREX is the most liquid market in the world. It means that a trader can enter or exit the market at will in almost any market condition.
  • Low Margin (3 – 5 percent), High Leverage – These factors increase the potential for higher profits (and losses).
  • Online Access – The big boom in FOREX came with the advent of online (Internet) trading platforms.
  • No one can corner the market – The FOREX market is so vast and has so many participants that no single entity, not even a central bank, can control the market price for an extended period of time. Even interventions by mighty central banks are becoming increasingly ineffectual and short-lived. Thus central banks are becoming less and less inclined to intervene to manipulate market prices.
  • No Insider Trading – Because of the FOREX market's size and non-centralized nature, there is virtually no chance for ill effects caused by insider trading. Fraud possibilities, at least against the system as a whole, are significantly less than in any other financial instruments.
  • Limited Regulation – There is but limited governmental influence via regulation in the FOREX markets, primarily because there is no centralized location or exchange. Nevertheless, most countries do have some regulatory say and more seems on the way. Regardless, fraud is always fraud wherever it is found and subject to criminal penalties in all countries.

invetment idea GIC Housing finance

we recommend buying in GIC Housing finance at cmp. 285 with tgt of 370 and 465 SL 242 in near term of 12 months