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| Discuss Motilal Oswal My Broker at the Brokers & Demat Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi Guys, im planning to switch from ICICI direct.com to some other broker. Iv gone ... |
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#1
10th August 2006, 09:03 PM
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Motilal Oswal My Broker & Religare
Hi Guys, im planning to switch from ICICI direct.com to some other broker.
Iv gone through most of the threads. Can any body throw some light on Motilal oswal My Broker and Religare securities, how are services and most Important A/c opening and Brokerage chaerges. I heard some good things abt Religare. Pls reply. All the seniors Thanks Last edited by ronald_peterson; 10th August 2006 at 09:47 PM. 
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#2
11th August 2006, 05:30 AM
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Re: Motilal Oswal My Broker
The earlier,the better.
There are many guys to make ICICI rich. And ICICI will,I assure,never stay behind,in emptying your pockets---of course at the rate of speed of sound,Nay,at the rate of speed of light.In terms of charging maximum possible brokerage,ICICI stands right at the top. wITH A DELIVERY BROKERAGE CLOSE TO ALMOST 1%, AND daytrading brokerage of over 0.10%,no one else can match them. What advantages you get on top of highest brokerage in india? Yes you can get one automatic advantage. THERE is this service charges on brokerage at 12.2%. Now the higher brokerage you pay, more service charges you can pay and the finance ministry will only be too happy to make a bigger hole in your pocket. AND what do you get ? You get the satisfaction of having paid not only highest brokerage but also maximum possible service charges. Of course 5paisa.com will charge you 0.05% for daytrading,but 100% guarantee that you will go for auction every now and then.They are very good at indirect charging and making more losses for their clients. The beauty is they dont even have an auto squareup which can save the clients huge losses in auctions. Their frequent server failures let you wonder if your internet is crashing every now and then.Or you may even begin to think that there is something wrong with your pc,itself. Religare is seemingly good at 0.02% daytrading brokerage, and 0.2% delivery brokerage with their ODIN thing you may be better off. I havent used it but planning to go for it soon. And Motilal oswal or sharekhan are not cheaper either. oF COURSE indiabulls is better at 0.03% brokerage for daytrading and 0.35% for delivery brokerage. ONE THING Dont think and hesitate at all if you need to open one more trading account. but get first hand experience Goodluck! Last edited by rvlv; 11th August 2006 at 05:35 AM.
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#3
11th August 2006, 03:18 PM
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Re: Motilal Oswal My Broker
thanks, but y dont ppl go in for Religare, when its so good?
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