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

nac · #21 12th April 2008, 11:57 PM

Quote:

Originally Posted by Archer

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

May be u may not hear because most of the traders dont open with banking firms, i guess. Dont take it in different sense that i am against banking firm. this is just my view. I am thinking like if i am in ur position. Now now both of us are in similar situation. So that....

suba_stocks · #22 13th April 2008, 01:24 PM

i noticed once a problem arises then the trouble starts ...till then every brokerage firm seems to be a good one.

i too had one bad experience and small loss but if not that ...kotak securities is good in many ways.

feeds failures sometimes is only cause of concern ...

regards
suba

krishna23 · #23 13th April 2008, 05:46 PM

well it's hard to find a good broker...an interface that executes what u want it to...

so the plain vanilla and high cost ones are out of question like icici direct,hdfcsec etc

so lets look at the other options available
religare,angel,indiainfo,geojit...(in no particular order)

and of course RKglobal and Rmoney since they provide gr8 tariffs...

so if u trade intra day ur criteria for choosing a broker will be totally different u can go for any of the above, hey whatever works for u!,Odin with 1paisa to 5 paisa brokerage will be fine i guess...

now if u r a intra day,positional & options trader then delivery becomes important along with options brokerage, so u can look for cheaper brokerage...some members are happy with RKGlobal...

the relationship manager that any broker provides is the key...when u talk to him let him know ur a serious player and give ur requirements and u wanna chk out a demo during market hrs...also negotiate on charges!
take ur time and visit atleast a couple of brokers before opening an account...

my chklist for choosing a broker would be:

1)trust-(isn't that the reason many people stick to icici,hdfc and end up payin' out of their skin)

2)cost

3)quality(good software, integration with bank account etc)

4)customer service(fast and responsive...RM shd be good but in any case the broker shd be reputed and shd resolve whatever issues u have)

All the best!
Krishna

nac · #24 13th April 2008, 06:15 PM

Quote:

Originally Posted by krishna23

well it's hard to find a good broker...an interface that executes what u want it to...

so the plain vanilla and high cost ones are out of question like icici direct,hdfcsec etc

so lets look at the other options available
religare,angel,indiainfo,geojit...(in no particular order)

and of course RKglobal and Rmoney since they provide gr8 tariffs...

so if u trade intra day ur criteria for choosing a broker will be totally different u can go for any of the above, hey whatever works for u!,Odin with 1paisa to 5 paisa brokerage will be fine i guess...

now if u r a intra day,positional & options trader then delivery becomes important along with options brokerage, so u can look for cheaper brokerage...some members are happy with RKGlobal...

the relationship manager that any broker provides is the key...when u talk to him let him know ur a serious player and give ur requirements and u wanna chk out a demo during market hrs...also negotiate on charges!
take ur time and visit atleast a couple of brokers before opening an account...

my chklist for choosing a broker would be:

1)trust-(isn't that the reason many people stick to icici,hdfc and end up payin' out of their skin)

2)cost

3)quality(good software, integration with bank account etc)

4)customer service(fast and responsive...RM shd be good but in any case the broker shd be reputed and shd resolve whatever issues u have)

All the best!
Krishna

Exactly krish...

1. As we are new to indian market we have no idea.... to whom we can trust.We get to know from experienced traders

2 & 3. Cost and quality we can negotiate as much as possible

4. Customer service..... Need to face a problem then we come to who is doing good. We cant just take it from other's words. As u said firm should be reputed one and should take care of our issues at once.

Archer · #25 14th April 2008, 12:52 PM

Quote:

Originally Posted by suba_stocks

i noticed once a problem arises then the trouble starts ...till then every brokerage firm seems to be a good one.

i too had one bad experience and small loss but if not that ...kotak securities is good in many ways.

feeds failures sometimes is only cause of concern ...

regards
suba

Are you still using Kotak securities? Could you share with us, some of the positives.

Citibank has a tie-up with them, however I hear Kotak's charges are on a higher side.

Are they suitable for daytraders?

nikki07 · #26 14th April 2008, 06:33 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.

metry55 · #27 15th April 2008, 06:28 PM

Any info about HDFC SEC ?

Thanks in advance

preityochani · #28 16th April 2008, 10:16 PM

To open a demat a/c in 7days in pune frm a well-established DP call on 9975787788

dharmas · #29 19th April 2008, 07:48 PM

I am a NRI from Singapore
I have PAN Account
What bank, broker do u suggest for DMAT, Trading and Bank A/C