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

I use both HDFC Securities & Kotak Securities. As I mentioned in an earlier post that it is better to stick with Banking guys. I find both HDFC & KOtak online trading very user friendly. HDFC has one major disadvantage is that you need an account in HDFC Bank. Kotak allows you the choice of banks. Also, I have found Kotak rates slightly cheaper. HDFC rates are not definitely on the lower side, but I use it regularly, as their service is good. Kotak is also very responsive and they have a facility for sending investment calls by cellphone. Also, with a smaller margin money, you can trade upto 4 times the value. If price is a constraint, then try Integrated or Stock Holding Corporation.

Neil

I'm new to stock trading as well.. Learning all rules of the "Day Trading" game... It seems there are people spread through using all these leading online brokers...

1. I would like everyone to share info on what MARGIN MONEY each of these online brokers offer on DAY TRADING... I came to know ICICI offers 20 times what you actually old in your Dmat account... Is that correct?

2. Do you get margin money and are allowed to day-trade on all kinds of stocks? I mean, can you buy-sell any stock ?

3. Can I day trade on ANY stock ? I'm still confused about BSE A, BSE B1, BSE B2, BSE 30, BSE Z categories? What are they? Are there any such more categories? Can we day-trade in stocks of all these categories?

I once again admit that I'm a newbie into this stocktrading world, Looking forward for true guidance from the community at this stage of myself...

Thanks,
Sanjay.

HDFC Bank India is the worst managed bank i have ever seen!

hey people, please think twice before doing anything with HDFC Bank in India. by personal experience, they have the worst operations systems compared to even the smallest co-operative banks in the country. and if you want proof - i have plenty of proof as well as a set of subsequent apology letters from them!!!!

i have an overdraft account with them, and the conditions of the overdraft account are that minimum 3% of total overdrawn money on the 30/31 of the month has to be paid in before 10th of the next month. i normally utilise upto half of the overdraft limit and then deposit back almost all of utilized money by the 2/3 of the next month. But still their operations is so xxxxxx up that they will mark you as a defaulter because you paid up 100% but you didnt pay 3% - can you imagine this screwup?!!!!

then their collections department will mark you for recovery and hand over your numbers to a contracted street-side ruffian agency, who will then start calling up and DEMAND (bhaigiri!!!!! dadagiri!!!!!) to PAY UP SAME DAY and then they will send people within an hour to your home/office.

this happened with me twice - once on december 2005 and again today 15/16 february 2006. i had the courage to walk up to their collections department situated on 3rd floor of Trade Star Building in Andheri East in Mumbai and guess what the collection department does? they will spend an hour looking into some computers and say that somebody has made a mistake somewhere, and that they are sorry for that and then they will issue a small 1 line apology letter.

you go home happily thinking the matter is over, but wait, thats just the beginning!!!!!!

the same story will be repeated every month or every alternate month!!!!!! NOW CAN YOU BELIEVE THAT?????

hey folks, this has been happening so regularly with me, that next time i am going to get the police and consumer courts involved. Also, you know what people incharge of collections will tell you? the so called senior officers of collections - namely Vijay (Head of Dept.), Santosh Kamat, Sachin Karmalkar - they coolly say that their collection department salaries are directly related to the amount of collections that they make each month, so they do this regularly for that extra buck!!!!!!!! and they also defy you to either go to the police or go to consumer ccourts - they say nobody can harm them!

and hey - if anybody out here wants any proof - i have some video recordings of my meetings with them! as well as the apology letters!!!

you are welcome to share your thoughts on this
ketan.chawda@yahoo.com
mumbai
india

If interested in knowing how Indiabulls treats it's customers, please read my horrible experience with them:

http://www.mouthshut.com/review/Indi...m-93528-1.html

I am currently facing problem with HDFC Bank. I had applied for Investment Service Account (new one introduced by HDFC Bank for applying mutual fund through online). I had applied on 15th Jan and still no response. I had already visited 3 times to bank, but sloppy response.

sharekhan is best oline cheap brokerage firm (classic a/c) they provide streamline quote with no extra cost & t/o commitment service is good they have also improve their website

Anybody known that any broker provide trading on both online and offline combine?

Indiabulls. You can always call up your RM to execute a trade on your behalf. ICICI & HDFC also provide the facility but the phone calls after a specified limited are chargeable.

I am using ICICI Direct. But I feel brokargae charges are too much. I want to know if there is any alternative like Kotak.

hi guys,
was icicidirect not working at around 2:00?
regards