ShareKhan Vs IndiaBulls?

Which is the best for Online Trading?
ShareKhan or IndiaBulls? interms of their service, the software they provice, Brokerage.
Give Your experience - that would be greatly appreciated!

I have registered in their website a week ago for account. ShareKhan called me up but, not the IndiaBulls. Does this mean IndiaBulls suck at their customer service?
I am not voted yet. Waiting for your votes.

I voted for ShareKhan after a BIG reasearch

go with sharekhan compare to indiabull

Dear fullyaddicted and mdv10002000,

I hope you both would not mind publishing the basis for coming to this conclusion. This ONLY can help others taking their OWN decision.

Regards,

Abhay (AAD)

Freinds,
There are many online brokers but the best are sharekhan & indiabulls.

Both these firms, sharekhan have some merits and demerits over each other. So I am not in a position to say out of this duo who is number one.

However, I will tell you their merits and demerits, as well as the reason why I rate them the best. You then decide who is the number one.

I just dont consider the brokerage rates. Apart from brokerage rates I consider the offline trading facility, the way offline orders are routed and the most important is control over my own funds and time it takes to withdraw.

Indiabulls provide you an applocation based trading at a brokerage rate of just 3paisa and 20 paisa, intraday & delivery. This is the negotiated brokerage without any volumes comittment. There are no recurring expenses , no mothly charges ,nothing.
Sharekhans default brokerage is also same that of indiabulls. They also offer you a brokerage rate of 3 paisa and 20 paisa but they definetly need volumes, also if you go for application based terminal you have to loose ur pocket extra.There are recurring expenses with sharekhan. So definetly here I feel indiabulls is better than sharekhan.

Offline Orders,
At indiabulls you have to depend on your RM for offline orders. One same person all the time.You have to call this same person each and everytime. This is somewhat troublesome.Calling a particular person each and everytime is irritating...just imagine somebody calling u each and every hour......and there are some 30 persons like this !!!
Due to constant calling ur RM ay get irritated and may response you well. Sometimes he will not respond to ur call , also incase if ur relations with RM are not good then also there is some problem.
Sharekhan has a dedicated call & dial facility. Here you call and everytime an another person attends ur call. It is like a typical call centre like that of icici bank, reliance mobile etc.
You have to call their dial and trade number, enter the TPIN and trade thats all. Coz of the dial & trade facility of sharekhan, offline trading is very very smooth at sharekhan and also hassle free. Indiabulls should follow sharekhan here. Thus offline trading and routing of offline orders is better in sharekhan than indiabulls.
Withdrawing money,
Both these firms offer fast withdrawal system

Customer service,
Indiabulls i have personally observed that they are very very good at service. All the problems of clinets are disposed off very very soon.
Sharekhan, also good service.

From this we can say that if indiabulls also start offering dial and trade facility like sharekhan then it will be number 1 broker.

Dear trader31339,

Really informative and will be useful to many.

Also, can you please provide a comparison about their trading application platforms - like its features/charting/execution speed/auto-square-off/...? Is it web-based/software-based OR...? Is there any monthly volume/brokerage commitment ? Any other charges like annual software fees/ maintanance fees etc? Based on PIB intraday data, some of our members (satya, pagenotfound...) developed some softwares also, but nothing for sharekhan

Thanks & Regards
Siva

hi

I will not doing off market trading mostly. So is it good for me to go with indiabulls than sharekhan b'coz of their nice application they provide and less brokerage?

Hello friends,

Well here i want to bring it to your notice that it is not necessary for any indiabulls customer to call his RM to place order offline infact indiabulls PROHIBIT any RM from placing orders on behalf of the clients.

Every indiabulls branch have a dedicated terminal phone numbers where dealers take orders from the customer and not the RM.You can call on this number 'n' number of times to place orders offline.

The only difference between indiabulls and sharekhan is that at sharekhan you have to enter your password before your call is forwarded to the dealer whereas at indiabulls you can call the dealer directly and place order and all this phone lines are recorded for any trade dispencery or any dispute on the trade amount and quantity and for verification.

So according to this statement, indiabulls is 1 broker.

Regards
Mohammed Bin Haid

HI mohd,
indeed indiabulls is the number 1 broker
But a password protected system is always recommended for offline trading inorder to avoid any confusion.
When u call the dealer directly how is the identity verified? its time consuming atleast I think so
Regrading RMs taking orders, though IB prohibits them from taking orders from clients, they are taking orders on the behalf of clients, my RM told me to call him for all offline orders.Also never till date IB communicated to me that this is the so and so number of dealing room where I am suppose to call for offline orders.
IB should commnuicate this to clients that clients should not give their orders to RMs, and should call the dealing desk at so and so number for giving orders.

Mohd one suggestion,
U being associated with IB please suggest to IB for providing pasword protected offline trading system.
Till they provide password protected system, they should mention on their site or communicate directly to clinets via email , regrading the process of offline orders so that clinets dont give orders to RMs.