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Sri Lanka Equity Forum » Stock Market & Forum Help » Help on selecting a broker

Help on selecting a broker

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1 Help on selecting a broker on Mon Aug 03, 2015 3:28 pm

thunderbird


Stock Trader
I am thinking of starting stock trading and can someone suggest me a broker.

My initial investment will be a very small amount (probably Rs. 5000) since I am starting off but I want to see historical candlestick charts with technical indicators.

Are there any brokers providing this? Probably traders with online trading. 

Please help.

Thank you!



Last edited by thunderbird on Mon Aug 03, 2015 3:28 pm; edited 1 time in total (Reason for editing : Title changed)

2 Re: Help on selecting a broker on Mon Aug 03, 2015 7:34 pm

slequityanalyst


Manager - Equity Analytics
Manager - Equity Analytics
As far as I know NDB Stockbrokers don't give online trading until your portfolio is more than LKR50,000. Until then you will have to call the broker which is painful and you will miss some opportunities. 

CT CLSA don't give me a chance to place online orders for some stocks like NAVF.U0000. But their platform is not good compared to the other one available. 

In the future, select a broker who will have the new system implemented by Nomura & Thomson Reuters who are global giants. http://www.vivalanka.com/newspage/657722ai-nomura-thomson-reuters-partner-sl-capital-market

3 Re: Help on selecting a broker on Tue Aug 04, 2015 10:44 am

thunderbird


Stock Trader
Thank you for the info!

Anyone else would like to recommend a broker?

I am fine with calling the broker to place the order but still would like to see candlestick charts.

4 Re: Help on selecting a broker on Fri Aug 07, 2015 12:23 am

HaroldFinch

avatar
Stock Analytic
Stock Analytic
Hi All,

I'm new to this forum as well as investing. I have recently registered with one broker and they are telling me I don't get online trading unless I put 1m. They told me they have opened a CDS account already.

I am starting this in small scale and I want to know is there are any broker that I can get online trading tools If I start with 1~2 lak.

Since they have already opened a CDS account I wonder how to change my broker now. Please help me to sort this out.

Thank you!

5 Re: Help on selecting a broker on Fri Aug 07, 2015 12:42 am

nis2010


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
HaroldFinch wrote:Hi All,

I'm new to this forum as well as investing. I have recently registered with one broker and they are telling me I don't get online trading unless I put 1m. They told me they have opened a CDS account already.

I am starting this in small scale and I want to know is there are any broker that I can get online trading tools If I start with 1~2 lak.

Since they have already opened a CDS account I wonder how to change my broker now. Please help me to sort this out.

Thank you!
1m for online trading  affraid affraid affraid affraid affraid . my broker is asha and i got all without having even tuppence in my account. . actually they are very fast with documents and also i have an  advisor quite nice. because sometimes he gave indications without asked. as I realized , all brokers need big players and they need traders not the  investors

6 Re: Help on selecting a broker on Fri Aug 07, 2015 12:48 am

HaroldFinch

avatar
Stock Analytic
Stock Analytic
Thanks a lot, I'll check with them tomorrow. Actually my plan is to be a trader Wink I have even got an advisor but this guy is keep telling me that it's is their policy and can't change.

Do you know how I can use my already registered CDS account to another broker?

7 Re: Help on selecting a broker on Fri Aug 07, 2015 1:18 am

nis2010


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
HaroldFinch wrote:Thanks a lot, I'll check with them tomorrow. Actually my plan is to be a trader Wink I have even got an advisor but this guy is keep telling me that it's is their policy and can't change.

Do you know how I can use my already registered CDS account to another broker?
http://Deleted/portal/LKCSE/helpMeLearn.html?pageParam=helpMeLearn

8 Re: Help on selecting a broker on Fri Aug 07, 2015 8:57 am

slequityanalyst


Manager - Equity Analytics
Manager - Equity Analytics
HaroldFinch wrote:Thanks a lot, I'll check with them tomorrow. Actually my plan is to be a trader Wink I have even got an advisor but this guy is keep telling me that it's is their policy and can't change.

Do you know how I can use my already registered CDS account to another broker?
If you already have some stocks in the account then you can transfer them to the new broker you are going with. Ask the new broker the procedure to transfer. It will be easy.

If you don't have stocks in the current brokers account just forget it and go with a new one. I invest with CT CLSA and NDB Stockbrokers. CT CLSA gives online facility for any amount invested but NDB wants LKR50,000 invested to get the online facility.

Happy trading. (also note that the brokerage fees are some times prohibitively expensive for traders!!)

9 Re: Help on selecting a broker on Fri Aug 07, 2015 9:03 am

Shashini Akasha


Equity Analytic
Equity Analytic
TKS given online facility without any minimum balance..Check with them......

10 Re: Help on selecting a broker on Fri Aug 07, 2015 9:08 am

kashyapa89


Manager - Equity Analytics
Manager - Equity Analytics
0779-167-181

11 Re: Help on selecting a broker on Fri Aug 07, 2015 10:20 am

HaroldFinch

avatar
Stock Analytic
Stock Analytic
Thanks everyone,

Does TKS provide good software for online trading? Like DirectFN or anything better?

12 Re: Help on selecting a broker on Wed Aug 12, 2015 1:14 am

HaroldFinch

avatar
Stock Analytic
Stock Analytic
Hi All,

So I talked to a person at TKS. They seems to be cool. They have DirectFN. I don't think I'm able to buy anything before the election though.

Thanks again for the help guys!

13 Re: Help on selecting a broker on Wed Aug 12, 2015 11:51 am

MADUSH39


Stock Analytic
Stock Analytic
I am trading with LOLC securities and they are giving a best service for me.

14 Re: Help on selecting a broker on Wed Aug 12, 2015 12:03 pm

HaroldFinch

avatar
Stock Analytic
Stock Analytic
Ah, nice to hear that as well, do they have any minimum limit for online trading?

15 Re: Help on selecting a broker on Wed Aug 12, 2015 12:24 pm

MADUSH39


Stock Analytic
Stock Analytic
No as far as i know. You get the online trading as well.

16 Re: Help on selecting a broker on Wed Aug 12, 2015 12:37 pm

fireshelter

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
TKS Best Buying Power 100% online trading

17 Re: Help on selecting a broker on Wed Aug 12, 2015 12:54 pm

shadow walker

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
i think TKS is better..

18 Re: Help on selecting a broker on Wed Aug 12, 2015 12:57 pm

akashameer


Senior Equity Analytic
Senior Equity Analytic
Asia securities my opinion they give directfn even if start investing 500

19 Re: Help on selecting a broker on Wed Aug 12, 2015 1:03 pm

nis2010


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ashaphillip gave me online trading without money in the account

20 Re: Help on selecting a broker on Wed Aug 12, 2015 1:14 pm

akashameer


Senior Equity Analytic
Senior Equity Analytic
nis2010 wrote:ashaphillip gave me online trading without money in the account
i dont think they give it to everyone

21 Re: Help on selecting a broker on Wed Aug 12, 2015 2:45 pm

HaroldFinch

avatar
Stock Analytic
Stock Analytic
TKS also told me no need to have money in the account. So I'll have another round of broker selection and will open an account on Monday.

22 Re: Help on selecting a broker on Sun Aug 16, 2015 11:36 pm

HaroldFinch

avatar
Stock Analytic
Stock Analytic
So, I got registered with TKS but I'm really disappointed with their service. [url=trade.tks.lk]trade.tks.lk[/url] is down and their DirectFN TWS software doesn't work.

23 Re: Help on selecting a broker on Mon Aug 17, 2015 4:23 am

amma1943


Stock Trader
Assets Line Security's online trading soft is very user friendly and IT team for technical support. but their Client accounts statement is too complicated.

24 Re: Help on selecting a broker on Mon Aug 17, 2015 6:44 am

DANIDU


Manager - Equity Analytics
Manager - Equity Analytics
Capital trust is better for me and giving pair service. also they update the A/C in less than 24 hours. I am using the updated version of ATrad and it is so simple and work on even slow connection. I am not promoting CT, just giving my experience, However, my adviser is ???

25 Re: Help on selecting a broker on Mon Aug 17, 2015 7:01 am

tarindad

avatar
Equity Analytic
Equity Analytic
DANIDU wrote:Capital trust is better for me and giving pair service. also they update the A/C in less than 24 hours. I am using the updated version of ATrad and it is so simple and work on even slow connection. I am not promoting CT, just giving my experience, However, my adviser is ???
Yep Capital Trust is the best one. First Capital is also good but they have only few recommendations.

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