Say Who?

Hello everyone,

I have been lurking around this forum for a while and I have to thank you all for all the valuable lessons I learned around this forum. I currently trading using ICICI and lately finding myself very limited with ICICI. So I am looking for a new broker. I know everyone needs a broker to fit their specifc style. Though I dont need any money out of trading for my living, I would like to consider it as my primary business. Also I will be sitting ideal around my computer during market hours. I would be in the trade from a few days to few weeks.

I have read the thread 'Confused - Sharekhan vs Icicidirect vs Hdfc vs Kotak vs Indiabulls vs 5paise' but its pretty outdated almost 3 years old.

From my basic research and for my needs, I came to the following conclusion.

1. Broker should have a standalone software with real time charting and quotes.
2. Brokers with direct access to Market preferred.
3. Brokers with good customer service (Basically on a disaster day, there should be someone to pickup the call)
4. Brokers with low-commission rate (I would be trading around 25Lakhs per month, also please mention the final brokerage cost along with taxes if possible).
5. Should be hassel free to transfer money in and out from Bank account (if there's a preferred bank for a broker, I can open an account in that specific bank).
6. I don't need any trading tips, tricks etc from the Broker.

Please feel free to reply back if you think your broker would be a good choice. Also please let me know if I should be looking for any other specific criteria from a broker.

Help much appreciated,
Thanks,
Vairam.Ed

you are kidding right?....
however, my intention for point 6 is that I don't need any broker tips or a dedicated RM but I if it comes for free, I will happily take it...what have I got to loose by just listening to the tips..if it works we can use it..if not I will leave it there....

-Vairam

Hi Vairam,

I am trading with ICICI & Religare. ICICI for Investment Scrips & IPO. Religare for Intraday & FnO.

I am quite happy with Religare. Good Trading Terminal with Live Charts, Good Connectivity, Quick execution of orders. Good Support from their local Office. BTW I am from Bangalore.

I have subscribed for Freedom Plan with Annual Subscription of 4,000/-. They are charging 0.3 for Delivery & 0.03 for Intraday and FnO. No Brokerage up to 10,000 for Delivery, 1.0 Lakh each for Intraday & FnO. This suits a tiny Trader like me.

Probably you can opt Trump Super Plan with 15,000/- subscription. In that they charge 0.1 for Delivery & 0.01 for Intraday and FnO. Apart from that they refund the Brokerage paid by you up to 15,000/-

Cheers
PAKatil

Thanks a lot Pakatil. That was very helpful information. How's money transfer in and out to Bank?

Vairam

Hi vikram,
This is manickam from Anagram Stock Broking - Bangalore.
To be very frank recently I joined this company as online marketing executive. So before marketing my product first I should know what exactly the customer is looking for. Even I went through lot of forum & blogs to see which company is best or what really customers are looking for. I found lots of people are fed up of customer service, brokerage, and online trading problems.

I’m writing this mail not just to bring in some clients; I’m not a normal marketing guy who gives lots of false promise and never bother about the customer satisfaction. Once if the customer is not satisfied after opening an account with us, definitely I’ll do my level best to rectify the problem. So if you are really looking for some good broking company then you can count on me. I’ve given some details about our company below, feel free to call me at any time on this number 99 00 10 20 32.


Introduction
Anagram Stock Broking (Anagram) is amongst the leading retail broking houses in India. It is engaged in offering comprehensive personal finance solutions since 1994. The company is a part of the of the Rs 20 bn Lalbhai Group. The group companies in the capital and commodities market area include Anagram Stock broking Ltd and Anagram Comtrade Ltd. Anagram offers a wide range of services for the discerning equity investor, in addition to online account access and real time trading.
Markets and Network
Anagram has membership in all the leading stock and commodities exchanges in the country. The firm is a member in NSE, BSE, NCDEX and MCX. It is a depository participant with NSDL. Anagram has its roots in Western India and has established nationwide presence with 169 branches, 1,360 sub-brokers, 2,556 terminals and a professional team of 2,000 plus employees spread across major metros and states in the country. It also provides trading in futures and options through its online portal www.anagram.co.in
Areas of Expertise
Anagram offers real time trading opportunities on the BSE as well as the NSE. It also offers depository and online services to clients for account accessing and information through its online portal catering to the needs of mobile trader as well as the net savvy investor. Anagram offers state-of –the–art online trading through its website (www.anagram.co.in). Regular updates during trading hours, and access to information, analysis and research, and a range of monitoring tools is available. The company has steadily building up a comprehensive portfolio of products and services apart from conventional broking. High speed anywhere trading through the net, online depository services, commodities trading and retail debt products are increasingly areas of special emphasis for the company.
Research
Anagram is a research driven organization. Daily Call is its morning newsletter that takes a trading call on the market and gives a ringside view of the overnight national and international events. Customers get real time feeds on news, comments and recommendations through instant messaging that are of utmost essence to the serious trader. The Weekly Watch delivered to all the clients every Saturday evening is the most comprehensive reports of its kind. The report summons developments over the past week, major economic talking points, summary on derivatives markets, technical outlook and trading ideas for the forthcoming week and fundamental investments with an exhaustive research report for a medium to long term horizon. On the commodities side, it releases daily and weekly reports providing outlook on international agri-commodities.
Growth Areas
Anagram has diversified its business to other areas such as portfolio management services and is looking forward at opening overseas branches. It plans to introduce company fixed deposits and merchant banking to its current offerings. It is also aiming at increasing their institutional client base, acquiring new business/brokerage firms and also entering into joint venture operations in the near future.
The firm has its roots in Western India especially Gujarat where it is the biggest player. But it has expanded considerably. To know more about our company please log on to www.moneypore.com.

Thanks & Regards
Manickam Thiagarajan.

Funds Transfer (ICICI Bank to Religare) is immidiate.

Funds Withdrawal (Religare to ICICI Bank) takes 2/3 Days. ie., If the request is made before 9.30 AM, it will be credited in Bank next day 8/9 PM. Later than 9.30 AM, takes another day.

I think Axis Bank and HDFC Bank are also in the Religare's preferred list.

Cheers
PAKatil

Thanks a lot Pakatil.

I am also following other threads in this forum. Please post if you find your broker is good.

Thanks,
Nirmal