Confused - Sharekhan vs Icicidirect vs Hdfc vs Kotak vs Indiabulls vs 5paise

jamit_05 · #**101** 13th November 2005, 10:58 AM

My Friend... Rs.800 per month! If you are not willing to risk this amount you will be in plenty of emotional turmoil in this arena.
5P gives you good data relay, charts, studies etc.. its alright to begin with. You will familiarise urself with the indicators and the intraday ups and downs... in just Rs800 per month... c'mon its cheap.

jaideep · #**102** 13th November 2005, 07:42 PM

Hi! ferret,

Trade good volumes with ICICI & you'll get a direct link to their user-friendly trading terminal screen. You'll have to ask them for it though. They will not do it on their own. That's ICICI for you, grown too big for their boots nowadays.

Why are you skeptical about 5paisa's accounting practices? Would like to know because I have the same two brokers that you have.

gaurav4u · #**103** 14th November 2005, 12:36 AM

hi i am a completely new member and this thread has enlightened me a lot. my experience with regards to icici has been mixed . though it is good for a term investor( in my opinion) it is not good for a day trader .reason being no charts no real time streaming quotes( and add to that woes of 44kbps dial up line . my fingers get sore from pressing the refresh button and i have to alternate between icici and bseindia intraday charting for jus one scrip .) so decidedly this is not the one for a person doing day trading with limited resources that is no broad band , no charting software etc. also the brokerage is high and as someone indicated u have to post good volumes before u get a refund or what ever it is .icici is one reason that i have stopped day trading altogether. also they start runnnin the square off software at around 2:30pm. which might be highly inconvenient sometimes.
i would also like to share a nasty experience of mine with icicidirect in f&o . i bought one future of tata power and it was automatically squared off by the system one fine morning( rather not so fine morning coz the markets had fallen a lot previous day) . i had to incur a loss of 18k on that deal alone ( i kept thinking the system will square off only on last thursday) though there was adquate margin in the account to meet the sudden fall. so the view " avoid icici like plague " must be viewed in proper perspective and is a very good advice for an upcoming day trader .
regards
gaurav

Quickenboy · #**104** 14th November 2005, 01:39 PM

Quote:

Originally Posted by dilip2k

I had the same problem wit SK. I think the brokers cannot digest the idea of traders making money using spreads for which the real margins will work out pittance! .They want u to speculate loose ur pants , pay them huge brokerages.

I agree with what Dilip says,i have had very bad experices with sharekhan where it appears the system is designed such that it will not accept an order when u have the highest chances of profitting,however on other occassions when the it gladly processes(always results in a loss) an order without any problem-inspite of my repeated mails they just refuse reply to my e mail and are only willing to talk on the phone on persistently getting after them.

regrds
Quicken boy

Quickenboy · #**105** 14th November 2005, 02:22 PM

Quote:

Originally Posted by jaideep

R U still raving & ranting about your family joint account fiasco or have you cooled off? No hear from you on this forum for long, long time pal. Just so U know, I'm still with ICICICICICICICICICICI (4 years now) & they're still the coolest 3-in-1 trading account that any sucker or clown should root for.

Why? ... 'coz they're still the #2 bank in India, easy interfaces in on-line banking & trading, everything is upfront all the time, & they can be trrrrrrrrusted 101% with UR money. Like I said in my earlier postings on the subject, their brokerages seem a bit higher but if you trade regularly & in volume (like I do

), you get an incentive refund every month that makes you smile very wide 'coz it brings down their effective brokerage to very, very competitive levels. Of course, if you want to trade once in a blue moon in a couple of shares, it is like eating your cake & having it too (with ICICI).

My reccommendation after using Icicidirect is its for financially unsavvy people who buy shares and forget about it -try exiting your positions from ICICIdirect when the market is going down -thats when they always manage to take your pants off -also how can any person trade when they have 2.30PM cut off - Can anybody guess profits the most from the existing positions by a 2.30PM end of day process that the bank forces on customers

Quickenboy · #**106** 14th November 2005, 02:24 PM

Quote:

Originally Posted by jaideep

R U still raving & ranting about your family joint account fiasco or have you cooled off? No hear from you on this forum for long, long time pal. Just so U know, I'm still with ICICICICICICICICICICI (4 years now) & they're still the coolest 3-in-1 trading account that any sucker or clown should root for.

Why? ... 'coz they're still the #2 bank in India, easy interfaces in on-line banking & trading, everything is upfront all the time, & they can be trrrrrrrrusted 101% with UR money. Like I said in my earlier postings on the subject, their brokerages seem a bit higher but if you trade regularly & in volume (like I do

), you get an incentive refund every month that makes you smile very wide 'coz it brings down their effective brokerage to very, very competitive levels. Of course, if you want to trade once in a blue moon in a couple of shares, it is like eating your cake & having it too (with ICICI).

My reccommendation after using Icicidirect is that" its for financially unsavvy people who buy shares and forget about it "-for example try exiting your positions from ICICIdirect when the market is going down -thats when they always manage to take your pants off -also how can any person trade when they have 2.30PM cut off - Can anybody guess WHO? profits the most from the existing positions by a 2.30PM end of day process that the bank forces on customers

gold_ranjit · #**107** 15th November 2005, 05:53 AM

As far as this is concerned I don't understand one thing. It doesn't matter who u are trading buddy becasue when u talk about brokers believe me ur money is not safe anywhere even ICICI. ITs just simple who can stop these online brokers and bankers when then go in with a POA which 99% have signed it allows all the brokers to squar off even ur old and long term position if they get busted or stuck from where they can't remove there neck....So saftey is no where. But there is not point we are moving in a circle same questions and same answers.....Lets stop about who is best cause where money is involved there ought to be some confusions couse Greed is one word which no one can avoid...this goes with all the brokers...after all its all about money honey................

jaideep · #**108** 15th November 2005, 07:34 PM

Quote:

Originally Posted by Quickenboy

My reccommendation after using Icicidirect is that" its for financially unsavvy people .......

Hmmm!

jaideep · #**109** 15th November 2005, 07:36 PM

Quote:

Originally Posted by gold_ranjit

As far as this is concerned I don't understand one thing. It doesn't matter who u are trading buddy becasue when u talk about brokers believe me ur money is not safe anywhere even ICICI. ITs just simple who can stop these online brokers and bankers when then go in with a POA which 99% have signed it allows all the brokers to squar off even ur old and long term position if they get busted or stuck from where they can't remove there neck....So saftey is no where. But there is not point we are moving in a circle same questions and same answers.....Lets stop about who is best cause where money is involved there ought to be some confusions couse Greed is one word which no one can avoid...this goes with all the brokers...after all its all about money honey................

Absolutely gold_ranjit. In fact I thought that this string was dead & buried a long time ago. Unfortunately it looks this dead mule is being flogged again & again.............moving in a circle, same questions & answers as you rightly put it.

gold_ranjit · #**110** 18th November 2005, 06:18 AM

yeah !! thanx.............

View Poll Results: which online broker u prefer and why - chose one
5paise	125	13.35%
sharekhan	205	21.90%
motilaloswal	39	4.17%
icicidirect	203	21.69%
hdfc	48	5.13%
indiabulls	124	13.25%
kotak	62	6.62%
any other(mentiona name)	130	13.89%
Voters: 936. You may not vote on this poll

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