Online Indian Share Brokers

i've been using 5paisa for the past 6 months.their service is good .they charge .06%for futures and .07 for intraday trading

Thanks!

Can you tell us about brokerage charged on delivery trades?

Hi!
Thanx for the response.
I have been in contact with the representatives of 5paisa.com and Indiabulls.com.
5paisa.com charges 0.07% each leg for day trade and 0.25% for delivery trades while the same for Indiabulls.com is 0.05% intraday and
0.25% delivery trades. Service tax, SEBI/NSE transaction chgs. extra.
Besides 5paisa provides 6/4 times margin for intraday/delivery trades, Indiabulls provides 8/4 margin.

Also the trading terminal of Indiabulls is java based unlike 5paisa.
(Java software requires loads of RAM)

I may decide in the next 2/3 days.
All kinds of experiences with online brokers appreciated. Keep them coming!

Regards

hi,
I am paying .05% for day trading and .25% for delivery.
uday

hi uday,

can you tell me if this is with 5paisa or india bulls?

also your personal experience with them??

thanks.

Hi,

For Indiabulls , I am paying .04% for intraday on each leg and 0.3% for delivary . service tax+transaction charges are extra

Naresh

hi tattrader,
i was quoting 5 paisa.com,i really donno about indiabulls and as far as i am concerned 5paisa is fine,i have been with them for 2years now.
uday

Hi ,

Can you tell me any online trading site which allows trading in BSE ..

Regards
Naresh Cherukuri

Here is the 5 paisa trading charges-

This Schedule of Charges is valid from April 1, 2004 and is subject to change without notice.

A. 5 Paisa Broking Account
Investor Terminal Trader Terminal
Registration Fees (one time) Rs. 500/- Rs. 500/-
Minimum Initial Margin Rs. 2500/- Rs. 5000/-
Trading Brokerage (Cash Segment) 0.10 % 0.07%
Delivery Brokerage(Cash Segment) 0.50% 0.25%
Trading Brokerage ( FO Segment) 0.10 % 0.06%
Software License Fee NIL 799/- per month or 7999/- per annum
Notes
• Brokerage is inclusive of stamp duty, turnover tax and exchange related charges but excluding service tax.
• Registration / Software License fee is non -refundable and is levied upfront.
• As a promotion, we will give brokerage rebate not exceeding the software license fee charged to the customer during the license period.
• Minimum brokerage per share will be 1 paisa for trading transactions and 5 paisa for delivery based transactions.
• All customers will get Digital Contract Notes. Physical contract notes could be provided on request which would entail a nominal charge.
• Charges for depository & related services would be debited to the 5 paisa broking account of the customer.
B. Demat Account
Account Opening Fees NIL
Annual Service Charges Rs. 250/-
Custody Charges Re.1/- per month per ISIN per a/c, subject to min Re.1/- per month
Transaction credit NIL
Transaction debit 0.05% of the value of transaction, subject to min Rs. 20/- per instruction
Pledge Creation Rs. 30/- per instruction
Pledge Closure NIL
Dematerialisation Rs. 5/- per certificate, Rs. 25/- per request towards postal charges
Rematerialisation Rs. 15/- per certificate, Rs. 25/- per request towards postal charges
Rejection / Failure Rs. 20/- per entry
Notes
• Customers who just want to have a depository relationship will be required to pay Rs.1000/-, for each demat account, which will be adjusted against service charges.
• The above charges are exclusive of Service tax.
• Charges/service standards are subject to revision at the Depository Participant’s sole discretion and as informed by circulars sent by ordinary post.
• Annual Service Charges are non-refundable and are levied upfront on a pro rata basis.
• Value of the transaction will be in accordance with rates provided by Depository.
• Transaction charges will be payable monthly.
• Charges quoted above are for the services listed. Any service not quoted above will be charged separately.
• The ISIN Charge is payable on the number of ISIN’s held in the account.
• The billing/recovery interval for the Custody charge is at the sole discretion of the Depository Participant.
• Please note that in case of non - maintenance of adequate balances in the trading and/or demat account, services for your account will be temporarily discontinued. Any request to resume the services will be charged Rs.250/- and the services will be resumed in a min. of 3 working days from the date of receipt of request at India Infoline Sec.(P) Ltd. Bldg. No. 24, Nirlon Complex, Off Western Express Highway, Goregaon (East), Mumbai 400063.

Thank you ramesh94,

I am sure our members will appreciate this info.

__________________
Best Wishes!

Traderji

www.Traderji.com