Enquiry about the services of Angel broking

kkseal · #11 8th June 2008, 10:06 PM

Ok thanks a lot Gandhi.

Yeah, had enough of this daily horrow show named ICICIdirect.

Regards,
Kalyan.

deb99891 · #12 9th June 2008, 12:31 AM

Quote:

Originally Posted by kkseal

Ok thanks a lot Gandhi.

Yeah, had enough of this daily horrow show named ICICIdirect.

Regards,
Kalyan.

can anyone tell me how these big guys(icici,hdfc,reliance money) r runnin bullshit services for fulltime traders ???????????
where we hav 2 refund a large chunk of our profits in terms of big monthly stt bill to our

respected govt.
rather i can say small brokers r allways ready 2 provide good services(only realtime order execution) for us and yes they r providing still..............then why not those

big thieves r atleast at par to the lowest level of satisfaction??????????????????????????

hari09omkar · #13 9th June 2008, 07:09 PM

Quote:

Originally Posted by deb99891

can anyone tell me how these big guys(icici,hdfc,reliance money) r runnin bullshit services for fulltime traders ???????????
where we hav 2 refund a large chunk of our profits in terms of big monthly stt bill to our

respected govt.
rather i can say small brokers r allways ready 2 provide good services(only realtime order execution) for us and yes they r providing still..............then why not those

big thieves r atleast at par to the lowest level of satisfaction??????????????????????????

Bcz people are not bothering them by closing their accounts in large numbers.

arm · #14 9th June 2008, 08:22 PM

Plus.... things like ICICI Direct are good if you are an investor. Both your shares and trading capital are absolutely safe. They wont sell your shares without telling you, and their accounts are perfect, and you dont need to be connected every minute.

Plus.... they are a good backup for traders using other brokers providing better services. You use it only if your main broker is down. They dont charge any monthly fees for their trading account.

But... if you use them for intraday trading, they will take half your backside in the name of brokerage, and the remaining half will be donated to the market due to down time.

kkseal · #15 9th June 2008, 09:38 PM

Not just intraday even swing trading was getting difficult because of the frequent breakdowns. After all the analysis, planning etc. it becomes really frustrating if you can't buy/sell/cover at the right price (more so when you're playing the countertrend bounce - which nowadays seldom last more than a day).

And you'd be surprised how many people are still happy with ICICIDirect. Couple of my own relatives (one with ICICI & the other with Kotak) have been warning me of taking 'unnecessary' risks with shady companies.

There's also the element of ignorance. Like when i started off some 4 yrs back i didn't even know there were options other than ICICIDirect. It wasn't even clear to me what a broker was. I used to think brokers must be those crooked uncouth guys who spent the day yelling like fish vendors on the floors of stock exchanges or maybe they were those shady men in dingy rooms whom the local sub-broker had surreptitious dealings with. And wasn't i glad that i wouldn't have to deal with either of the abominable species thanks to this wonderful on-line platform provided by ICICI!

Regards,
Kalyan.

sanx · #16 9th June 2008, 10:28 PM

^^ @kkseal ,which platform you trade with ?

arm · #17 9th June 2008, 10:37 PM

While we are on the topic, does NSE protect the broker's clients. I remember reading a section on investor rights, where they have mentioned that your trading capital is protected to some extent. How much ... I don't know.

Archer · #18 11th June 2008, 02:04 PM

Quote:

Originally Posted by hari09omkar

Bcz people are not bothering them by closing their accounts in large numbers.

Agree with you completely.

Considering the crores of rupees made from brokerage charges and other charges imposed on traders, it is unbelievable that there is no regulator to monitor the quality of service being provided by these unscrupulous online brokers who can get away with anything, even to the extent of selling a clients shares without their consent. The government takes it's share of the pie, from traders, in form of taxes but has made no effort to provide any protection to the small investors who keep the stock market ticking.

Unbelievable !!!!

kkseal · #19 11th June 2008, 08:11 PM

Quote:

Originally Posted by sanx

^^ @kkseal ,which platform you trade with ?

ICICIDirect, shifting to Angel Broking.

deb99891 · #20 12th June 2008, 12:39 AM

Quote:

Originally Posted by kkseal

ICICIDirect, shifting to Angel Broking.

and vat comm. they(angel) r charging from u?
esp...intraday comm i mnt
regards