Trade Tiger AMC - am I being duped ?

T

Tubthumper

New Member
#1
#1
Long time lurker, first time poster. So apologies in advance if I am posting this in wrong segment.

I had opened an account with Sharekhan, almost a year back. With that I, like everyone else, got access to Trade Tiger. During the last year I didn't trade with Sharekhan and only used Trade Tiger to look at the charts.

Now, they are claiming that I have to do an AMC to continue to get access to Trade Tiger. I am quite OK with that. But here is the deal. They are asking Rs 6000/- for annual AMC although a lower priced option (Rs 2000/-) is available.



So anybody out there, can you help me. Since I am never going to trade with Sharekhan and only use Trade Tiger, should I go for Rs 2000/- AMC. Will I still be able to access Trade Tiger.

PS: Interestingly, when I called Share Khan support, a lady told me that minimum AMC for Trade Tiger is Rs 10000. When I told her that I have checked their website, she quickly came down to Rs 6000.
 
cloudTrader

cloudTrader

Well-Known Member
#2
#2
Tubthumper said:
Long time lurker, first time poster. So apologies in advance if I am posting this in wrong segment.

I had opened an account with Sharekhan, almost a year back. With that I, like everyone else, got access to Trade Tiger. During the last year I didn't trade with Sharekhan and only used Trade Tiger to look at the charts.

Now, they are claiming that I have to do an AMC to continue to get access to Trade Tiger. I am quite OK with that. But here is the deal. They are asking Rs 6000/- for annual AMC although a lower priced option (Rs 2000/-) is available.



So anybody out there, can you help me. Since I am never going to trade with Sharekhan and only use Trade Tiger, should I go for Rs 2000/- AMC. Will I still be able to access Trade Tiger.

PS: Interestingly, when I called Share Khan support, a lady told me that minimum AMC for Trade Tiger is Rs 10000. When I told her that I have checked their website, she quickly came down to Rs 6000.
Click to expand...
With Sharekhan , if you have your account opened with their main branch then try to shift to their franchisee and then negotiate. Their Franchisees don't want to let the clients go and therefore are able to make room for more negotiations. This is my personal experience while making negotiations for brokerage rates. My franchisee branch manager was quite helpful. Can't say that it will be the case everywhere . But yes with Sharekhan negotiations work a lot.
 
DSM

DSM

Well-Known Member
#3
#3
Leonid,

How much are you paying for access to TT? Is it 6,000 or 2,000?

Thanks.

Leonid said:
With Sharekhan , if you have your account opened with their main branch then try to shift to their franchisee and then negotiate. Their Franchisees don't want to let the clients go and therefore are able to make room for more negotiations. This is my personal experience while making negotiations for brokerage rates. My franchisee branch manager was quite helpful. Can't say that it will be the case everywhere . But yes with Sharekhan negotiations work a lot.
Click to expand...
 
T

Tubthumper

New Member
#4
#4
Unfortunately, I don't even know which branch my account is in. I had a friend who had a friend who had a friend - you know where I am going with this. Long story short, the gentleman who opened my account is no longer traceable.

I have the documents though. May be I need to go through those documents.
 
DSM

DSM

Well-Known Member
#8
#8
Thanks Vsaran,

So that's a saving of Rs. 4,000 for me.... :thumb::thumb::thumb:

vsaran said:
You can choose 2000 or 6000 based upon the brokerage.Your purpose is only charting,2000 will do.
Click to expand...
 
T

Tubthumper

New Member
#9
#9
Update: This morning when I called their help line I had demanded that they show me something in writing that says 2000 wouldn't do. So they called me back this afternoon and suggested to look into 'Terms and Conditions' on their web site. CLICK


Trade Tiger Access Charges. (Applicable for online trading only) :-
I hereby agree to the terms and conditions for the TradeTiger TM Access Charges, namely:

I/We understand that Sharekhan is entitled to charge an access fee for usage of the trading software Trade Tiger provided to me/us.
I/We hereby authorize you to debit my account for Rs. 3,000 and relevant statutory charges towards Quarterly Access Charge for using Trade Tiger. I/We further acknowledge that the this service would non transferable.
I/We understand that in case I/We opt for annual subscription, the charges would be Rs. 10,000 excluding statutory charges.
I/We also understand that the upcoming features in Trade Tiger may carry additional charges and that charges are subject to change.
I/We understand that the Trade Tiger may be deactivated in case of non payment of charges and that subscription amount once collected would not be refunded.
I/We acknowledge that the Access charges would be adjusted against the brokerage generated in my account over the subscription period. I/We also acknowledge that in case brokerage generated is less than the Access Charges then the balance would not be refundable.
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So now the lady is trying to tell me that she is actually saving me money because it would have cost be Rs 10000 pa.

What the F.
 
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