Offline Broker

#1
Dear friends
I need your view / opinions / advice on the following matter :
I have recently met with an offline broker , he is a subbroker attached with a reputed main broker. He will charge me 5paisa for trading , 50 paisa for delivery and 100Rs for options. I will have to call him for placing orders, no online trading.

I can trade , place orders without adequate balance in my account. I have to pay him next day , ie, chq must be given to him next day. So if I want to buy 100 RIL shares I can order him even my balance is zero , however i have to make him payment next day. I can buy options of 10000Rs with only 5000 Rs in my account , the balance has to be given within 7 days , ( 7 days credit)

The guy is too prompt in picking my fone , as soon as I call him he attends my call and punched the order ,also he is the freind of my freind so some relation also with him.

I have account with indiabulls also , they charge lower brokerage than him , online + offline trading , however , I need to have balanmce in my account , also offline trading is not hassle free , RMs dont attend call promptly , also no credit is given , not even for a single day , for options i need full premium amount in my account .

please help me in deciding with which account I should trade : the offline account or online account .
I am very confused and unable to decide and so thjought lets take help pf my netpals,
 
#2
Any one in mumbai trading with any subbroker/ offline broker , who takes payment next day , ie allows you to take positions even with zero balance in your account ?

There are some brokers who based on the clients worthiness and personal relations allows clients to take positions even when there are no clear funds ,however the client has to make payment next day or as agreeed upon. ( in typical online firms one need to have clear balances in account)
Further these local subbrokers/ offliune brokers also handle margin issues in FNO ie they manage margin issues if any and give 1-2 days to client to arrange funds ,margin.In typical online firms , positions are closed if there is a shortfall in margin without giving adequate time to client.
I am looking for such good brokers in and around mumbai who can allow me to buy shares even without clear balance in my account , who can handle margin issues in FNO and give me good time to arrange margin.
Help is welcome from traders trading with local subbroker .....
 

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