Best online broker in india

#21 10th August 2006, 09:56 PM

I just recently started with icicidirect. I also invest in US and use some other broker there.

The difference in ICICIdirect and US broker website is toooooooo much.

ICICIdirect website looks like from bullock cart age. Absolutely crap. I mean there is hell lot of scope for improvement. It uses asp technology. Website is not easy for navigation but once you know basics you can use it for your purpose. I cannot compare brokerage as I don't know outside rates. For my transactions, till now I know I paid around 0.85% for BUY CASH trades. How is that compared to other broker rates?

I can see the scope for improvement and business growth for ICICIdirect but are those internal people seeing that?

kuldeep49 · #22 10th August 2006, 11:13 PM

Quote:

Originally Posted by buy2gain

For my transactions, till now I know I paid around 0.85% for BUY CASH trades. How is that compared to other broker rates?

That's highway robbery. Most brokerages charge 0.25% for delivery stocks.

ronald_peterson · #23 11th August 2006, 12:23 AM

Quote:

Originally Posted by marcus

in the new version of tradeanywhere the have online transfer in built into the program, but I don't use it I have not yet withdrawn money from my trading a/c and as far as me transfering money to my trading a/c i send them a cheque i prefer it that way.

Tradeaanywhere is a good terminal you can have upto 5 sec charts, intraday, EOD and all the usual stuff, they even have exchange notices and intraday calls pop up, with all basic charting facilities and indicators except scanning, programmming and back testing . It is much better than diet odin i used both.

ya generally they want min 2000 rupees brokerage commitment but in my case they gave it to me without any monthly commitment, i negotiated .35 delivery and .06 intraday (i never trade intraday anyway) if u insist they will give .3 also, good value for money and every week they will courier there market watch book to you.

Only problem is they are lazy ppl u have to be behind them, first when i started the a/c they sent me letter with wrong rates that i had negotiated when i called they said sorry its come from ho they have fixed rates we'll change it but no letter i had to phone and remind them twice then finally the sent correct rate letter. So u c they are VERY LAZY ppl

You know what? I signed up wid them and iv not received my U id and Password as yet. Just like Swagat86. When i mailed them i wrote this" no broker in this country would take 1 and a half month time to provide with a User id and Password". The RM called me and told me to meet the Regional Mgnr and if i wanted my margin would be refunded. What should i do??

marcus · #24 11th August 2006, 06:24 AM

If you get behind them you'll get your pswd and id if you'd prefer not to you can get a refund and check out other brokers. What ever you're comfortable with. They are lethargic i've already said that, but they aren't cheats.

#25 11th August 2006, 09:20 AM

Quote:

Originally Posted by kuldeep49

That's highway robbery. Most brokerages charge 0.25% for delivery stocks.

Does this makes sense to you guys?

http://content.icicidirect.com/brokerage.asp

I have to check other broker websites and compare.

judemit · #26 11th August 2006, 07:48 PM

I have icici direct. Even though i never used any other indian brokerage services, it looks OK to me. I agree that their brokerage is high but it is very easy to transfer money from icici account to demat account and vice versa.

Hope we all see a fixed brokerage charges (instead of percentage) very soon!!!

#27 12th August 2006, 12:19 AM

Quote:

Originally Posted by judemit

I have icici direct. Even though i never used any other indian brokerage services, it looks OK to me. I agree that their brokerage is high but it is very easy to transfer money from icici account to demat account and vice versa.

Hope we all see a fixed brokerage charges (instead of percentage) very soon!!!

Guys -

I recently (week or so) came across the news that KOTAK has started fixed rate trading and mobile trading services.

That's a good thing. Anyone has more details?

sivavkm · #28 13th August 2006, 11:23 PM

Quote:

Originally Posted by buy2gain

Guys -

I recently (week or so) came across the news that KOTAK has started fixed rate trading and mobile trading services.

That's a good thing. Anyone has more details?

Dear buy2gain,

I dont know about kotak's mobile trading, but there is another thread with lot of info on kotak's flat brokerage; check it out :- http://www.traderji.com/brokers-dema...brokerage.html

Hope this helps,

Regards
Siva

ronald_peterson · #29 16th August 2006, 08:49 PM

Oh finaly i recd the Uid and Password with Angel. The sw is good lets c where do we land up with them.

ajuliandavid · #30 19th August 2006, 12:05 PM

As for as My concern Navia Markets is Best

View Poll Results: Best online brokerage in India.........
icicidirect	16	21.92%
Kotak sec	5	6.85%
Indiabulls	8	10.96%
Geojit	5	6.85%
5 pasia	12	16.44%
sharekhan	15	20.55%
angel trade	3	4.11%
religare	5	6.85%
motilalal oswal	1	1.37%
Hdfc sec	3	4.11%
Voters: 73. You may not vote on this poll

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