Tradebulls

Tradebulls Online Share Trading

Online Share Trading

Demat Account
About Online Share Trading

Online share trading is the buying and selling of shares and other securities on an internet platform. This could either be trading on the website of the broker or it could be trading on the mobile platform by downloading the broker’s app. These apps are normally available on the Apple app store or the Android play store. Online trading on Tradebulls gives the user full control as they can place the order themselves and also check the status of the order on the internet trading platform itself

How to do share trading online

Share trading online is quite simple and with some basic rules in mind, one can easily trade online. Here are some important steps to remember for online share trading.

The first step is to open a trading cum demat account with your broker and enable internet trading while opening the account. You also need to map this trading account to an internet banking account. In the account opening form, you must give the Power of Attorney to the broker to automatically debit your demat account for shares sold so that you don’t worry about DIS submission.

Once the trading account is opened, you will get a username and password to activate the trading account. This password will have to be changed once you log in for the first time. Normally, your online trading account will have two level authentications. This includes the password and a secondary authentication that could either be random digit generated or an OTP or a combination of questions.

Once the trading account is activated, the next step is to fund your trading account. You can fund your trading account through NEFT, RTGS, IMPS, Payment Gateway, cheque/DD etc. Once the funds are credited into your trading account, you are ready to trade.

You can buy or sell shares and other securities with your trading account. Once you place the order, it shows up in the Order Book. Till the time the order shows as “Pending” in the trading account, you can either modify it or cancel it. Once the order is executed it goes into the Trading Account and then the order cannot be modified.

When shares are purchased, the payment is normally done on T+1 day, although your broker may insist on pre-funding the account. The credit into your demat account will come on T+2 day. When you sell shares, your shares will get debited to your demat account on T+1 day and the credit comes into your bank account on T+2 day.

Online share traders are advised to regularly reconcile their demat account with the auto-updated portfolio and also their trading account balance with the trading ledger.

How online share trading works

Online share trade works exactly like offline trading except that the order is placed by the customer. Therefore, it becomes a lot more transparent as a means of putting trades. The trading process is as under:

The customer needs to first select whether it is an intraday order (MIS) order or it is a delivery order (NRML) order. For a NRML order, the broker may insist on full funding before the order is placed. In case of MIS orders, only the margin is required to be funded. But such orders have to be closed before the end of day or the broker RMS will normally close the order around 3.15 pm.

The next step is to select the type of order. You can either place a Market Order or a Limit Order. A market order executes at the best available price in the market while in a Limit Order you can define the price. The system will automatically execute the order at the limit price or better. This applies to buy and sell trades. Generally, market orders work better in trending markets while limit orders are a better choice in volatile markets.

Once the order is placed, as a limit order, it appears in the Order Book and when it is executed it appears in the Trade Book. At the end of the day, the trade book automatically gets uploaded onto your online portfolio maintained by your broker.

Online trading has a call-n-trade back up facility. If the internet is down or the site is facing connectivity issues, you can call up the Call Centre of the broker and place your order on phone after authenticating yourself.

Finally, reconciliation has to be done between your trade book and the contract note and cross check the quantity, price as well as statutory and other charges.

Online versus offline share trading

Online Trading

Online trading entails placing order on the internet or via mobile app

In an online trade, the customer has full control over the order at all times

Online trading needs you to take care of your online security and hardware and software security

Confirmation of trades is immediate and real time in online trading

In online trading, the process of funding the account and DIS issue is seamless

Offline Trading

Offline trading entails placing order over phone or by visiting the branch office

In an offline order, the customer depends on the dealer for execution

In offline trading you do not have to worry about these things as they are taken care of by the broker

Confirmation of trades happen after a time lag in case of offline trading

In offline trading, the funding of the account and DIS issue is not seamless

How to start your online trading portfolio (7 steps)

Your latest holdings are reflected in your online trading portfolio, which is in-built into your trading system. Here are seven steps to know.

1. When you place buy and sell orders, these orders are automatically credited or debited into your portfolio on an EOD basis, even before they show up in your demat account.

2. You can also manually upload stocks from other trading accounts into your existing portfolio at Tradebulls. The portfolio will give you a consolidated picture.

3. The online portfolio is a real time gauge of your portfolio value as well as the booked profits/losses and the mark-to-market (MTM) profits and losses.

4. You can execute buy and sell trades directly from your portfolio account statement and this gets executed seamlessly and you don’t need to go through the buy/sell screen.

5. The portfolio can be used as your net worth statement at any point of time and it gives you a consolidated market value of all your assets.

6. The broker will also allow you to calculate the profits for each financial year and also the relevant classification of profits into short term capital gains (STCG) and long term capital gains (LTCG). This can be a useful input for filing your tax returns before July 31st for the relevant financial year.

7. The portfolio also gives you a historical perspective of your trades, so it is a good picture of where you sold out too early or where you waited too long to sell. You can use these inputs to modify your portfolio strategy accordingly.

How to learn stock trading in India

Knowledge of trading and the trading environment is very important to be a successful trader or investors. Here is how you can learn trading in India.

The Tradebulls contains a huge university of educational content which can be leveraged by traders to help them enhance the quality of trading.

The Tradebulls website also provides an array of customer screeners and data mining tools to help you short list the right stocks for your portfolio.

The best way to learn trading online is by actually doing it. It is always better to start small so that you can afford the losses and then increase your order sizes once you are comfortable with the game.

There are online stock market games where you can actually trade with virtual money. You don’t win or lose real money but the virtual money is a good starting point to keep a track of your emotions in online trading, since it is a self driven process.

You can also check the stock trading demo on the website which runs you through the entire trading process in a very systematic and methodical manner, almost replicating the real situation. This is a good starting point for online trading customers.

How to invest in stocks online

Investment is for the long term. Online share trading is not just about short term trading but also about long term investing. The online trading market place is indifferent whether you want to buy the stock for intraday, a few weeks or for a few years. Investing in stocks online is only about placing your orders online and managing your orders online with greater control over the entire process. The process flow for investing online is also the same as trading and you need to fund your account, place your order and monitor the reconciliation of the contract notes, trade book and the trading ledger.

What are the charges in online share trading?

When you trade on the internet, your costs are generally lower compared to offline trading. However, the other statutory charges remain the same irrespective of whether you trade offline or online. Apart from brokerage and statutory costs, there are also hidden costs like liquidity costs, spread costs, volatility costs etc, which are hard to quantify.

Costs Equity - Delivery Equity - Intraday Futures Options
Brokerage 0.1% to 0.4% 0.02% to 0.05% 0.01% to 0.05% Flat per lot
Securities Transaction Tax (STT) 0.10% 0.03% 0.01% 0.05% on sell side on premium value
on Buy and Sell on sell side only on sell side only
Transaction / Turnover charges 0.00% 0.00% 0.00% 0.00%
of turnover value of turnover value of turnover value of turnover value
GST 18% on Brokerage + transaction cost 18% on Brokerage + transaction cost 18% on Brokerage + transaction cost 18% on Brokerage + transaction cost
SEBI Charges 0.00% 0.00% 0.00% 0.00%
of turnover value of turnover value of turnover value of turnover value
Stamp Duty 0.01% 0.00% 0.00% 0.00%

It needs to be noted that the brokerage cost is variable and largely depends on the relationship and the size of the business. The other charges are only collected by the broker on behalf of statutory authorities and hence these won’t change. All these charges are explicitly mentioned in the contract note.

In addition, online brokers may charge for use of the payment gateway, although NEFT and IMPS transactions are free from the broker’s side, although there could be bank charges. There are DP charges which are also debited to the trading ledger and these include the annual maintenance charges (AMC), charges for debit to the demat account, charges for dematerialization of shares etc.

Online Share Trading FAQs (5 questions)

1. Is it safe to trade online or are there risks in trading online?

The market risk is there is any type of equity trading and investing. You need to take extra care of online security. Here are a few pointers. For example, you must ensure your user name and passwords are kept safe and are also changed regularly. Avoid accessing your online trading account from cyber café or using a public wi-fi facility at malls / airports. These are not secure. Always use dedicated internet connection and ensure to log out of your session each time.

2. If I enter an MIS trade online, whose responsibility is it to close the trade intraday?

The responsibility of closing an intraday trade well before the close is on the trading client. Normally, brokers run their RMS around 3.15 pm to check of any open MIS orders and any open orders are automatically closed out at the best available price by the system. In case, the system is not able to close the transaction due to a technical glitch, the onus is still on the customer only.

3. Can I buy equity, ETFs, futures, options and currency derivatives online?

You can execute all the above transactions on a single online account itself. Of course, you need to do additional documentation for F&O activation like submitting your proof of income and risk capacity. However, all transactions including ETFs and currency derivatives can be bought and sold through the same trading account.

4. Is it possible to open an online trading cum demat account without paper work?

The process is called E-KYC wherein you can authenticate with your Aadhar card and open a trading demat account. The process is almost seamlessly online and can be completed from the broker website. Only the PAN card and cancelled cheque have to be scanned and uploaded online. All the other data is taken directly from Aadhar database with the help of OTP authentication. You only need to an in-person-verification (IPV) and send a physical copy of the Power of Attorney agreement on registered stamp paper.

5. What happens if my internet connection is down or the system is too slow?

Technology can be quite unpredictable at times and that is why Tradebulls provides the back-up call-n-trade facility. Here you can call up the call centre and put the trades on phone after appropriately authenticating yourself. This back up facility is a redundancy available to you in the event of any exigency.

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Mouth of word - referred by a friend I was convinced to open an account with Tradebulls. But, now that I have been trading with them, I’m 100% satisfied with their services. Their research is unparalleled in the market. They’re proactive and handle all issues immediately. I absolutely recommend them.
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The name Tradebulls itself prompts us to be an aggressive trader. The unparalleled exposure provision has aided me into trading sufficient lots with minimal investment and booking good profits. The timely market updates along-with buy backs or IPO recommends over Whatsapp and mobile app is commendable.
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I have been experiencing the Tradebulls online platform for quite some time now and must say that it is one of the finest platforms that I have used. They have managed to combine very good quality calls and research ideas with a very friendly trading network. I would like to specifically mention their online trading platform which is very quick and efficient. Trades can be executed and confirmed in no time and the back office functions work very smoothly. I have never faced delays in getting contract notes or in getting demat credits.
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I opened my trading account with Tradebulls just 4 months and I can say for sure that here is a broker that really believes in “Customer happiness”. There are 3 things I want to highlight about Tradebulls service quality. Firstly, their research quality is very good and they are transparent about performance. What is more important is that their RM calls me when markets are tough rather than just calling me when markets are good. Secondly, I must also point out that they are very flexible; they are always willing to go their mile to keep the customers happy. I have heard similar feedback from other customers at Tradebulls. I would say that if you really want to experience good quality service, then you must have a trading account with Tradebulls.
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