Sharekhan or Reliane money

#1
hi,

I am new to investing online, I want to open a demat account and trading account(which is reuired i guess for online trading).

Which of them gives best service sharekhan or reliance money. Somebody please help me out.

Moreover what is the difference between demat a/c and trading account?

:)
 
#2
Sharekhan's brokerage is more that RM.
Also their fee structure is something which reeks with bad business practice.
I would prefer a site which says that so and so are our yearly fees.
SK tries to confuse the customer with all the stupid fee structure and brokerage.

RM's brokerage is Rs12 flat per trx.
So its better in calculating profits. And you can trade in thin profit margins and huge qty.
But the site is unreliable.
Today itself, I placed an order and the site went dead.
This has caused undue stress and pressure on me.
RM's good brokerage is undone with their pathetic service.
Phone trading is non existent and no one picks up the phone.

So both are bad in their own way.

There are other good brokers.
But then they are not on your radar.
 
R

ratan jain

Guest
#10
definitely their service :)

This is one Reliance venture that has failed in all aspects, other than making money :)