India Capital Markets broking firm?

Hello,

One my friend suggested me to open trading a/c at India Capital markets. Does anyone know about this. This broking firm gives credit upto 1 year only the condition is you should maintain 150000 cash/shares in your account. The rate of interest is 18% p.a.

The credit/margin is given upto 4 times.

Please give your idea whether it is ok to open a/c.

Thank You
SachinM

usually margin varies depending on scrip to scrip...so,you try to find is same margin applicable to all types of scrips.

i don' know underwhat circumstances credit is helpfull ..but to my knowledge ...it is good idea to trade with the amount you have ....and build your wealth.

trading on credit ...is going to impact two ways ...one is health and other is future growth prospects.....if anything goes wrong ...its going to be a situation from where one can never get back to normal life.

lastly ...almost all borkers give credit on interest.

regards
suba