Online trading: Geojit Vs Indiabulls

vince · #41 10th December 2005, 08:05 AM

Hi all,
I need some feedback regarding the geojit trading terminal. Can any one using the geojit trading platform comment on their live charting services technical indicators, and speed of order execution.

Also friends please remember that when ever brokers talk of commitment, pls take it with a pinch of salt. As a trader you are going to trade when markets are tradable and not just to pay the commitment brokerage. Be firm and dont get pushed around by them. They will soon begin to respect you.

vince

vince · #42 13th December 2005, 09:54 AM

Hi friends,

Since I received no feed back to my request about Geojit trading platform I made a personal investigative visit to their dealing room and guess what ,
I admit they give an attractive brokerage attractive, live data too but surprise surprise no live technical charts for internet trading.

butta_trader · #43 13th December 2005, 05:41 PM

vince
what was the brokerage they offered

vince · #44 14th December 2005, 06:44 AM

They offer a flat rate of Rs 75 per contract for fno .3 for delivery.
.03 for intraday.

trader31339 · #45 1st January 2006, 11:04 AM

Vish,
I am also trading with IB.

What happens is that my RM calls me each and every day.He gives me calls , so called tips.Yes no compulison to trade.But even one day if I dont trade next day he asks me Have I stop trading???(yes he dont have any right to ask me so also abt my turnover since no comittment given).But I take it lightly .Why ? after all he is my RM.All offline orders ie tele orders will be routed through him.If I spoil my relations with him it may affect my business:-(

My RM trys his best to increase my turnover day by day, cant help.Yes again I will say there is no compulsion to trade but he builds suvh an environment that one will trade even if he dont want to.By this RMs target of volume will be achived and the person will end up due to exessive trading.

What I do to safegurad myself against my RMs hidden evil is I tell him that trading is my side business.Only when time permits I trade.I m not a frequent trader.......though trading is the only business I have:-)

By this he has stoped taking intrest in me and I am happy.Coz I need him only when i have to give tele orders which he takes as he has to and he used to take earlier.Takes tele orders smartly

Ok vish,on the clinet instruction page, what does it means? Cash transfer for UTI clinets???? does it means withdrawls will be instantly credited to our bank a/c with uti???

I havent withdrawen any amt after depositing the money with them.I have bank a/c with HDFC as well as UTI.In case if I want to withdraw funds from my account with them, will the funds be transfered instantly after I give request or they will take 24 hrs??Any Idea??

MY RM claims that funds can be transfered to my bank account insatntly just like we deposit directly online.Please help me on this issue as you are trading with them from 2 years.

Thanks
later

butta_trader · #46 1st January 2006, 03:10 PM

trader31339
It takes 24 hrs if u requrst before 12 noon

trader31339 · #47 1st January 2006, 03:51 PM

Ok............but within 24 hours it is done ? or we have to call & call them for payouts.............

I mean,by next 24hrs funds will be paid out?sure

vince · #48 1st January 2006, 03:52 PM

Quote:

Originally Posted by trader31339

Vish,
I am also trading with IB.

What happens is that my RM calls me each and every day.He gives me calls , so called tips.Yes no compulison to trade.But even one day if I dont trade next day he asks me Have I stop trading???(yes he dont have any right to ask me so also abt my turnover since no comittment given).But I take it lightly .Why ? after all he is my RM.All offline orders ie tele orders will be routed through him.If I spoil my relations with him it may affect my business:-(

My RM trys his best to increase my turnover day by day, cant help.Yes again I will say there is no compulsion to trade but he builds suvh an environment that one will trade even if he dont want to.By this RMs target of volume will be achived and the person will end up due to exessive trading.

What I do to safegurad myself against my RMs hidden evil is I tell him that trading is my side business.Only when time permits I trade.I m not a frequent trader.......though trading is the only business I have:-)

By this he has stoped taking intrest in me and I am happy.Coz I need him only when i have to give tele orders which he takes as he has to and he used to take earlier.Takes tele orders smartly

Ok vish,on the clinet instruction page, what does it means? Cash transfer for UTI clinets???? does it means withdrawls will be instantly credited to our bank a/c with uti???

I havent withdrawen any amt after depositing the money with them.I have bank a/c with HDFC as well as UTI.In case if I want to withdraw funds from my account with them, will the funds be transfered instantly after I give request or they will take 24 hrs??Any Idea??

MY RM claims that funds can be transfered to my bank account insatntly just like we deposit directly online.Please help me on this issue as you are trading with them from 2 years.

Thanks
later

Money is supposed to be credited your account within 24 hrs. However a peculiar problem fraced by some of my friends was the money took over a week to be credited to their account and the excuse given was that there was a difference in name as appearing on their cheque and in the bank records (Same excuse given for 4 diferent people). Has anyone in this forum faced a similar problem.

I suggest that you withdraw funds just to check what happens.

Incase you face a similar problem do post back and let us know.

Its high time Indiabulls spruced up their act and stopped giving their clients a load of bull...

butta_trader · #49 1st January 2006, 09:09 PM

Yes i faced this problem(name mismatch)
I asked for solution , what they suggested is to change the name(recirds at the bank)

vince · #50 2nd January 2006, 08:17 AM

Quote:

Originally Posted by butta_trader

Yes i faced this problem(name mismatch)
I asked for solution , what they suggested is to change the name(recirds at the bank)

Was the problem sorted out , do they transfer funds electronically now ?

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