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

bangerabs · #**691** 26th October 2008, 11:49 AM

With the thread pages running into several places, it seems to be difficult to know about individual broking houses. Instead, I suggest, it would be better to write comments on indivual brokers so that whosoever wants to know about a broker can go through the opinion/experience of others. What I find is a number of articles on knowing about a broker is quite common and sometimes even response is contradicting one another, making it difficult to arrive at conclusion. Hence, let there be new articles on individual broking houses, so that one can study in depth.

rbisystems · #**692** 28th October 2008, 10:22 PM

go to any broker
ask if they provide u odin software as terminal point
if so it well and good.....its most fast and easy as my experice compare to any others

bangerabs · #**693** 29th October 2008, 09:32 PM

Quote:

Originally Posted by imsurana

hey boss try globe securites with no demat charges online trading facility nd no account opening charges.

Thanks. But may I hv the website address pl. I could not find globe securities

vasa1 · #**694** 30th October 2008, 09:44 AM

Quote:

Originally Posted by bangerabs

With the thread pages running into several places, it seems to be difficult to know about individual broking houses. Instead, I suggest, it would be better to write comments on indivual brokers so that whosoever wants to know about a broker can go through the opinion/experience of others. What I find is a number of articles on knowing about a broker is quite common and sometimes even response is contradicting one another, making it difficult to arrive at conclusion. Hence, let there be new articles on individual broking houses, so that one can study in depth.

I second your proposal. That way even the brokers concerned may be able to get a better sense of what their clients are feeling. And since it is a public forum, they may be more likely to fix the problem, if any.

bangerabs · #**695** 30th October 2008, 08:03 PM

I propose to break this thread by writing about my experiences with different online brokers during my last 7 to 8 years experiences. My first experience was with ICICI. Second has been Sharekhan and I am still continuing with Sharekhan. But off late I am facing some problems with Sharekhan, (becoz it has now become Tigerkhan?,) which are very serious in Nature and I propose to complain to Statutory Authorities. But according to me no broker ever care for any complaints. This would go on... So, begining with ICICI i.e. my first online brokers, I start giving my personal experience with each broker.

faith · #**696** 5th November 2008, 04:22 PM

Hi any one using sharekhan here ,please help me in understanding the brokerage calculation .
Please find attached digital contract notes exl file
My questions are
1. What is M2M premium ?
2. How is it calculated ?
3.Is the STT charged once ?
4. What is my brokerage,how can I calculate it ?
5. How much can I bargain if I am trading 6 scrips daily with 60 min flow with one lot at entry and add according to rules ?
6. Will the volume with 6 scrips be enough to bargain for lower brokerage ?

regards
faith

columbus · #**697** 9th November 2008, 12:11 AM

[quote=faith;246783]Hi any one using sharekhan here ,please help me in understanding the brokerage calculation .
Please find attached digital contract notes exl file
My questions are

Code:

1. What is M2M premium ?
2. How is it calculated ?

MTM is calculated on Daily Settlement price announced by NSE.
This is almost close to closing price.
For example you bought 1 lot of NIFTY at a price 3000 and Nifty
futures are settled at 3100 then (3100-3000)*50=5000 is added
to your account.In case if they are settled at 2900,then
(2900-3000)*50=-5000,that is 5000 is deducted from your account.
50 is Nifty lot size.

Code:

3.Is the STT charged once ?

STT is charged in one side ,that is SELL side.Buy side it is NIL.

Code:

4. What is my brokerage,how can I calculate it ?

Sharekhan has 3 AMC schemes.2k,6k and 18k.Different schemes
attracts different brokerages.Detailed can be found in their website.
For example 18k scheme has brokerage rates of 0.04 for complete
transaction .(buy+sell in the same day).In case of Nifty futures
for ONE lot at 3000,the brokerage works out to be 60Rs.If transaction
is squareoff on same day NO FURTHER BROKERAGE.

MYACCOUNT · #**698** 10th November 2008, 09:21 PM

Respected sir,

I request to answer for the following questions

1) INDIABULLS OR SHAREKHAN , WHICH BROKERAGE FIRM GIVES AFTER MARKET

FACILITY, IN FUTURE AND OPTION SEGMENT , AND PERMIT TO SHORT SELL IN

NIFTY FUTURE , MINI NIFTY AND IN OPTION, ETC.,

I ALSO WANT TO KNOW ABOUT INTRA DAY BROKERAGE IN EQUITY, FUTURE,

AND IN OPTION, SEGMENT

THANK YOU,

YOURS FRIENDLY

sangeeta28 · #**699** 21st November 2008, 06:44 PM

I am holding a securities acc with hdfc for the last 5 yrs.
I am pretty contended baring a few hiccups.

I would rate them good.

kaushikpatel · #**700** 30th November 2008, 04:58 PM

Dear
gvnarendra,
can you pls guide me whether you have experienced trading with relinace mobile internet connection?
i am planning to take the reliance connection and do online trading
pls guide whether it is feasible option or not.

View Poll Results: which online broker u prefer and why - chose one
5paise	144	13.38%
sharekhan	249	23.14%
motilaloswal	40	3.72%
icicidirect	222	20.63%
hdfc	53	4.93%
indiabulls	142	13.20%
kotak	67	6.23%
any other(mentiona name)	159	14.78%
Voters: 1076. You may not vote on this poll

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5Paisa.com or Sharekhan or IndiaBulls	hometypist	Brokers & Demat Matters	88	11th September 2008 12:50 AM

The Following User Says Thank You to bangerabs For This Useful Post:
vasa1 (30th October 2008)