Are you interested in the Stock Market? Do you find ordering through Brokers cumbersome? Then get ONLINE, the best option to take control of your buy and sell. HDFC Securities offers exactly the ability to be in control.
You can now Buy and Sell shares from the comfort of your Home or Office.
HDFCSec.com provides the following features-
Online updated quotes.
Trading on NSE.
Automatic Debit/Credit to your Savings/Demat Accounts.
Set holds on your shares and money balance.
To start online trading on HDFCSec you have to open an account with HDFC Bank - Savings and Depository. After registering for this facility you will be provided with a UserID and Password. You are then ready to start trading.
To buy a share you have to first block funds on your Saving account for the total amount of the shares you intend to purchase. To sell a share you must have the shares in your Demat account in Free form.
Normally the the share price is at the Highest or Lowest at the begin of the Trading day. If you enter the details of the shares you intend to buy or sell the night before you can take advantage of the High or Low as the case may be.
However HDFCSec is comparatively costly. There are other Trading sites that offer at a lower rate. The other disadvantage is the inability to sell on the same day or the next day of purchase. One has to wait for a day and that too can sell only thru’ telephonic order as the shares are not credited to the account. But one presumes with the T+1 coming soon this also will be possible.
Overall HDFCSec is good, works consistently, connection speed is good, response is good and is very convenient. Get in control of yourself, don’t leave it to the whims of the broker and enjoy smooth trading.