How abt Tie-up with some brokerage firm to get LOW BROKERAGE for Traderji.com Members

Sats · #1 24th June 2008, 08:15 PM

Hello Moderators,

After glancing innumerable times in this esteemed forum to find out BEST software based and (as much as possible) LOW brokerage trading platform, I ended up in nothing.

Yeah Obviously, We have some low brokerage platform/plan but unfortunately that has low quality software. (RK Global Securities)... I personally have not used their platform but came to know abt this from "RK Global Thread" started by fellow members...

So i thought of getting "Spl offer" for Traderji.com members from Some of the Brokerage Firms...in line with "Special plans" from AIRTEL/VODAFONE and ICICIBANK/HDFC for the employees of heavyweight "Software Firms" such as Infy, TCS, Wipro, Satyam, CTS and etc..,

Please note that, I wanna stress that biasing towards any brokerage firm is not my intention, but to get best trading platform with low brokerage...

So Active Traders, and Fellow members, Please pour in your views...

And Moderators/any senior members who think they can help in this matter, Please Help Us....

Thanks & Regards,
Sats.

tsunil4u · #2 25th June 2008, 07:15 AM

Here's my experience with RELIGARE:

I have been using Religare for a year now and I am very much satisfied with its service.

Now regarding brokerage. Well, firstly there are two levels where you can open your trading account with:
1. At the national level - (RACE PRO ACCOUNT)
2. At the local branch level by registering with the dealer (RALLY ACCOUNT)

BROKERAGE STRUCTURE AT RACE PRO LEVEL
On their website religareonline . com, you'll find their various plans... one suitable for heavy trading is this "Super Trump"... you pay Rs 15,000/- in advance for 12 months. Your brokerage is 0.015% for all intraday cash trades and also for derivatives trades.
(for delivary, it is 0.15%)
If, within 12 months, you manage a brokerage amt of Rs 15000, then the advance which you had paid for such plan will be reversed and credited to your account.

Some extra goodies are:
1. Interest @ 3.5% pa for your margin amt deposited with them
2. Value of Shares (after some cut) kept in demat account with them will be considered for margin while trading
3. Reward points on brokerage, IPO application, etc....

With RacePro, you get this "Trade Anywhere" application based trading program, which has intra-day & eod regular & technical charts facilty.

BROKERGAGE STRUCTURE AT RALLY LEVEL
Here, you can bargain for your brokerage by showing volumes. But I am not sure whether it will go below 0.015%.
The trading platform is based on ODIN but without charts facilty. (is it ODIN or DIET ODIN)
In the goodies, I think only shares as margin is available, rest are not..
But, you can call this dealer/visit this local branch whenever it is not possible for you to trade at your place (power cut, etc)

I had opened RACEPRO level account coz it had charts' facilty & coz of its goodies...

So, as far as I know, the least brokerage available with Reliagare is 0.015% but it comes under advance brokerage structure...

tsunil4u · #3 25th June 2008, 07:17 AM

So, the "tie-up" with Religare will only be possible at RALLY level....

uasish · #4 25th June 2008, 08:05 AM

The TO of different members will be different.

Sats · #5 25th June 2008, 08:04 PM

Quote:

Originally Posted by uasish

The TO of different members will be different.

Yeah you are correct Asish Ji. But as for as my knowledge from this forum, this idea definitely wont suit for some senior members whose turnover (might be) is huge.

But for others who just started (to follow saint's method and Kolkatta signal Indicator) and others who are probably 6-12 months old in this forum MAY find this offer USEFUL....

This is just a suggestion.

Members, Who seriously searching for some brokerage plan, Put forth ur views.

Thanks,
Sats.