5Paisa.com or Sharekhan or IndiaBulls

Raju · #11 1st July 2006, 09:28 PM

Hi All,

I am using ICICI for the last 3-4 months. I would like to list points using their web based site for trading.

1.Even using broadband does not help you much .Their server's slow down
when most needed.I was using 256 kbps.On 64 kbps it is worse.

2.Charges (High Charges)
Intraday Based Buy Brokerage 0.75%
Delivery Based Buy Brokerage 0.75%
Delivery Based Sell Brokerage 0.75%

3.Web Based Software sometimes throws you out directly.

Please guide me for comparing Sharekhan/IndiaInfoline/MotilalOswal/IndiaBulls.

rvlv · #12 2nd July 2006, 04:50 AM

I burnt my fingers with 5paisa.com
in daytrading

first big problem they dont have auto square up facility,now they say they give it on request

if power fails or server crashes you have had it
you must call them to square up

indiabulls is super by 1510 whether power s there or not they squareup for you,you never go to auction
while with 5paisa your chance of hitting aucton is very high,and u end up loosing money if u daytrade

icici has autosquareup but their brokerage very high. so you make them rich first then may be afdter 10 years you make some money
sharekhan servers are slow

rvlv

Raju · #13 2nd July 2006, 04:47 PM

Hi All ,

Thankyou for the reply.
Ragarding Indiabulls : I had heard some news that SEBI had put some restrictions on Indiabulls and Kary . Am I right .Or is it ok if I open an Demat acct. thru them.

What are the charges of Indiabulls for the following. ?

Intraday Buy Brokerages ?
Intraday Sell Brokerages ?
Delivery Buy Brokerages ?
Delivery Buy Brokerages ?

Raju · #14 2nd July 2006, 04:49 PM

Hi All ,

Thankyou for the reply.
Regarding Indiabulls : I had heard some news that SEBI had put some restrictions on Indiabulls and Kary . Am I right .Or is it ok if I open an Demat acct. thru them.

What are the charges of Indiabulls for the following. ?

Intraday Buy Brokerages ?
Intraday Sell Brokerages ?
Delivery Buy Brokerages ?
Delivery Buy Brokerages ?

Raju · #15 18th July 2006, 08:27 PM

Hi,

What is the clue in waiting for Unaudited Financial Results of a Company.
Dabur has it on 19th July 2006.
How does it affect share price .

Raju

bhushan mohite · #16 5th September 2006, 04:00 PM

sir iwant to know more about Sharekhan

tnr123 · #17 6th September 2006, 09:27 PM

Hello,
I am new to this forum.

In my opinion, the sharekhan's speedtradePlus online trading platform is very good and fast. They are reliable and prompt. We have to negotiate reg brokerage structure. Previously I tried 5paise during 1992 and Apollo sindhoori. I have faced a lot of problems with 5paise. Trading platform is speed but they are not prompt in services and finally concluded that they are not reliable. Apollo is OK. Amont these three, Sharekhan's speedtradeplus trading platform is good and fast even with Dial-up connection. But sharekhan is not offering Internet online trading in commodities. With this message, I request the sharekhan officials to come with Internet online trading in commodities with attractive brokerage structure like ALTOS or upcoming R trade commodities. Then only, migration of customers, like me, to ALTOS or R trade commodities will stop.

I once again thank you all for reading my ideas.

bangerabs · #18 7th September 2006, 10:49 AM

I hv over 5 years experience with Sharekhan. I did hv experience with few others too. But, so far transparency is concerned, there is no other online brokers as good as SSKI. But there are some shortcomings with them too: (1) website break-down is too frequent. (2) For phone trading; one can go for a long nap after connecting the call (3) highest brokerage as compared to others (4) deteriorating customer service.

trader31339 · #19 7th September 2006, 02:36 PM

Bangerabs,
Can u comment further on the Call and Trade facillity of sharekhan ? Is the waiting time too much?

mugildata · #20 8th September 2006, 08:11 PM

Hi all,
It seems after going through all the messages in most of the threads, very few have good opinion regarding ICICI, followed by Sharekhan, India bulls and 5 paisa in that order. I have a/c with 5 paisa, they give you software for online trading,but the charges are little bit higher side. You should negotiate. Regarding brokerage, it is 0.05-0.07 % for intraday and 0.45 to 0.5 % for delivery based inclusive of delivery charges. But the speed with which you make trade is high. Sometimes, you can sell higher price than you have quoted and buy at lower prices than you have quoted. you can email regarding any query, you will get reply the next day (whether you understand it or not is different matter!) and every day you will be e-mailed the contract and agreement, if you make any trade. But the only problem I face is that, their servers break down too often. You can call up the local branch and make orders and follow it up also. Mostly you will not have any problem. But this also I must say, They charge 18.5% for margin trading, roughly comes to 0.05% per day on the margin you trade every day. you will be debited automatically from you account and there is inter setttlement charges, I don't know what it is. If you want a good trading experience you can go for 5 paisa, but charges are bit higher side, I must admit. If any other broker offers they same support as 5 paisa, but less brokerage then I will switch over. Till then I have to continue with 5 paisa.

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