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Which Brokerage House Should I Choose?

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  #1  
Old 29th June 2007, 08:44 PM
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Smile Which Brokerage House Should I Choose?

I am sitting on my decision on which Brokerage House I should join. Till now I have brought my options to the following three:
  • Sharekhan
  • Religare
  • 5paisa.com

Please help me out with my selection. Which one should I choose? Which one is the most reliable and economical??

Please Advise.
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  #2  
Old 29th June 2007, 11:56 PM
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Default Re: Which Brokerage House Should I Choose?

I have been trading with Religare since 4 months. Good experience. No Hiccups.

1.Trading Interface is easy to use & has Intraday and EOD Chart facility along with Technical Indicators.

2.Fast Order execution

3.Good Back office Support. EContract Notes are sent thro' EMail without fail.

4.Attractive Brokerage Plans with 20 times Exposure for Intraday.

5.Around 50 - 60 % value of the Stocks held in Demat A/c, added to the Margin for Intraday. No specific pledge etc required.

6.Good Support from their Local Branch.

I do not know about others, but Religare is worth a try.

Cheers
PAKatil
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  #3  
Old 30th June 2007, 06:41 AM
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Default Re: Which Brokerage House Should I Choose?

Dear Pakatil,

I recently opened Religare a/c, I want your support of my query related to IPO and MFs.
I wanted to apply for IPOs, I trasferred funds (i think it goes to share ledger) and tried applying for IPO, but I always got error saying no sufficient funds in IPOs.
Is there anyway to trasfer funds from stocks to IPO (like ICICI) ?

I wanted to buy mutual funds, but in that page there is no mutual funds listed to buy.

Their interface is horrible and for doing small things I have to click 100 links

Advanced thanks for your support
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  #4  
Old 30th June 2007, 01:52 PM
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Default Re: Which Brokerage House Should I Choose?

@muralimr,

I have never tried using IPO or MF with Religare. My preference would be ICICI for IPOs & MFs. I am only trading Intraday & Delivery with Religare.

I am rather surprised that you are having problems with Interface. May be your Computer needs configuring. Just a thought.

Cheers
PAKatil
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  #5  
Old 30th June 2007, 08:21 PM
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Default Re: Which Brokerage House Should I Choose?

Thanks pakatil! Does this mean I cannot apply for IPOs using the Religare software?? And is it really 20-times exposure for intra-day trade? Don't you think that is kind of risky for the company itself?

Also if anyone else has opinions on 5paisa.com and Sharekhan, that would be appreciated.
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  #6  
Old 30th June 2007, 10:36 PM
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Default Re: Which Brokerage House Should I Choose?

Stay away from Sharekhan if you want to live. From my experience :|
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  #7  
Old 30th June 2007, 11:41 PM
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Default Re: Which Brokerage House Should I Choose?

@KoolSIM,

I didn't mean Religare does not have IPO & MF. I just said my preference would be ICICI. It is 20 times exposure for Intraday. Even ICICI provides the same for MarginPlus product. Definitely not risky, as they have the option to square off the Trade if the loss exceeds the margin amount.

Cheers
PAKatil
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  #8  
Old 25th November 2007, 01:01 AM
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Default Re: Which Brokerage House Should I Choose?

Quote:
Originally Posted by AmritaBasu View Post
Stay away from Sharekhan if you want to live. From my experience :|
Hi Amrita

Can you kindly help state your experience more profoundly?

I am planning to start off my online brokerage committment with them.
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