sharekhan speed trade

razx5

Active Member
#1
hello friends,m new to this forum.i use indiainfoline (5paisa)for trading.but recently i have stopped bcoz of their minimum brokerage of 1000/month.so i would like to shift to some other terminal.i heard of sharekhan speed trade .do anyone know details regarding that?i mean do they also ask to generate minimum brokerage/month.what about india bulls power trade?plzzzzzz reply
 

ghosh_ak34

Well-Known Member
#2
Hi,

I am having demat a/c with sharekhan. you need to pay Rs6000/- for a year and a minimum amount of Rs25000 as margin to avail 25 paise brokarage. I think its quite cheep. They will provide you a trading terminal as well.

Hope this helps.
Regards
 
#3
Hi friend

I think you caught my attention just at the right time.

They have three schemes:

a. Classic account
b. Speed trade
c. Speed trade with AMC

The first two involve Web based Logins (http) but the last one gives you their ODIN client software with an exclusive Login for realtime updates. This could be a boon if you are into Intra-day. Conversely, if not into Intra-day yet, this software should encourage you to do it ;)

Classic account brokerage charges are as appended. Options (b) & (c) will require you to submit Yearly Advance Brokerages of 2000/- and 6000/- respectively. Your monthly Brokerages are then deducted on a monthly basis from this advance sum till it runs out.

Admins and others, please note. I am not affiliated to Sharekhan in any way and I am sorry if trying to help out someone in this way seems like it amounts to spamming or advertising. But its pure coincidence that I got these specifics from a Sharekhan Pre-Sales executive today.

I hope it does not disturb the nature of the forum ..... I am new and a few kind words and one tight butt-slap should see me back home a good boy :D
 
#4
I am having an demat a/c in sharekhan from past 2 years.Speedtrade software is very bad software for intraday traders,u will always face a problem whenever there is heavy selling pressure in the market,the terminal won't work for 10 to 20 mins,if u call up customer care they say server is down even we can't buy nor sell,by the time server is up u might lose all your gains and might be in loss.Brokerage is also quite high compare to other brokerage house.U will face such type of problems 4 to 6 times in a month,pls don't trade in Speedtrade software especially in early morning trade from 9.55 a.m to 10.05 a.m.

Advantage of Sharekhan

The speedtrade software is user friendly,we will have separate option for short selling,so that there won't be any confusion while trading.

Cut off time is 3.30 P.m.
 

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