Suggest a broking house to open a demat/trading A/c

AK1229 · #11 4th April 2008, 12:24 PM

TSK.. TSK..http://www.traderji.com/brokers-dema...t-5-paisa.html

nac · #12 4th April 2008, 10:37 PM

Thank you guys.....
You guys are asked to try Indiabulls, Reliancemoney, Unicon and 5Paisa.
5 paisa and indiainfoline are same or different broking house?
I hope u guys have seen the survey and may have polled too....
Here is my doubt...
Most of the members here have voted for ICICI and Sharekhan with 20+%
5 paisa and Indiabulls comes next with 13+%
(As of 4th Apr)
As i am reading threads here in this forum, i am coming to know that each and everyone has their own opinion and experience backed them. Few says ABC company is the best and some says ABC is worst better try XYZ... So i go with a broking firm suggested by the most. So please share ur opinion.

Why no one has written about sharekhan? does it offers very bad service, charging higher brokerage etc...
And any one has heard about Religare, can give some information about the company and say whether it is suitable for intraday trading or not.

drpsiva · #13 5th April 2008, 12:20 AM

Quote:

Originally Posted by kush soni

I can suggest you Unicon will also be a good option....

Pl don't give bad advice to new comers. in one thread you are enquiring about unicorn and in this thread you are advising someone to go for unicorn???

Archer · #14 10th April 2008, 07:42 PM

Hello all,

I am new to this forum and the entire investment scene. Among all the forums I have been browsing through, I find the members on this forum, to be the most helpful and courteous. Way to go people, keep it up.

I am in a similar situation as "nac". I am trying to figure out which would be the best broking house for opening a Demat & trading account. I am interested in intraday trading.

From all the post I have been through so far and from googling, many seem to favor HDFC.

It would be great if members using HDFC services, could provide feedback.

Also would anyone like to comment on Citibank demat services. I haven't heard a lot about them. Any feedback would be appreciated.

Thanks.

trillian · #15 11th April 2008, 06:49 AM

as you are from chennai try smcindiaonline, they do intraday for 3paise and delivery for 30 paise..

nac · #16 11th April 2008, 05:38 PM

Quote:

Originally Posted by trillian

as you are from chennai try smcindiaonline, they do intraday for 3paise and delivery for 30 paise..

Brokerage is not only the thing which we need to consider.
Religare and share are ready to give @.025% for intraday and .25% for delivery
And a scheme called freedom plan from Religare gives an excellent brokerage structure. You can calculate yourself, brokerage will come around less than 1 paise(take only the free volume and calculate for a month/Quarterly/Halfyearly/Yearly)

nikki07 · #17 11th April 2008, 05:46 PM

mr. AK1229, i agree with santo. Please do not give baseless statements that indiabulls and reliance money are unethical without and reasons for the same. all brokers have issues, noone is perfect, else there would be only 1 market player. there are pros and cons for every broker. i myself use reliance money, and my friend uses indiabulls, both are happy with the service and i dont know what unethical practise you talk about here. maybe you sould give me examples.
and btw, maybe you should do some research... during the demat scam, as far as i remember, karvy and indiabulls were banned, not reliance money. please do proper research, else you might be misguiding people.

please see : http://www.dnaindia.com/report.asp?NewsID=1026556

nac · #18 11th April 2008, 05:51 PM

Brokerage is not only the thing we need to consider.
Religare and Sharekhan are giving at the brokerage rate of .025% for intraday and .25% for delivery.
And a plan called freedom plan from Religare gives you less than 1 paise (take only the free volume) Check for this in Religare site

nac · #19 11th April 2008, 05:56 PM

Quote:

Originally Posted by Archer

Hello all,

I am new to this forum and the entire investment scene. Among all the forums I have been browsing through, I find the members on this forum, to be the most helpful and courteous. Way to go people, keep it up.

I am in a similar situation as "nac". I am trying to figure out which would be the best broking house for opening a Demat & trading account. I am interested in intraday trading.

From all the post I have been through so far and from googling, many seem to favor HDFC.

It would be great if members using HDFC services, could provide feedback.

Also would anyone like to comment on Citibank demat services. I haven't heard a lot about them. Any feedback would be appreciated.

Thanks.

It seem to be good by go with a broking firm who are mainly in this field. Not like banking firm like HDFC, UTI, SBI etc... Its just my view.If u prefer that, u can go as u wish...

Archer · #20 12th April 2008, 02:45 AM

Quote:

Originally Posted by nac

It seem to be good by go with a broking firm who are mainly in this field. Not like banking firm like HDFC, UTI, SBI etc... Its just my view.If u prefer that, u can go as u wish...

Just keeping HDFC as an option, as I have not found any bad reviews so far.

However, Reliance Money has dropped to the bottom of my list. The two threads below and some googling is the reason why:

http://www.traderji.com/day-trading-...a-trade-2.html

http://www.traderji.com/brokers-dema...confusion.html