Confused - Sharekhan vs Icicidirect vs Hdfc vs Kotak vs Indiabulls vs 5paise

Pk - what are the terms and conditions for lower brokerage in eq. Trading?. Can u elaborate pl?

Madhu,

If you choose ICICI Direct, their minimum trading brokerage is Rs. 25/- ( plus service charges ).

For the type of transaction you have mentioned, as a rue of thumb, add 0.911 % as brokerage(incl. STT etc.) on the buying as well as the selling amount.

Hope you find this useful.

ICICI Direct, Angel Broking or Sharekhan

ICICI Direct -

It is one of the worst brokerage houses you can ever expect. Ironically it has recieved the Best Brokerage Award from one of the Financial Magazines in India.
ICICI has no traders terminal. Their trading interface is good for those who want to purchase on delivery. Also, they dont have a great customer service.

When you trade, following are the points which should be kept in mind -
1) Get the best trading interface, provided by Sharekhan/ Emkay/ India Infoline, etc.
2) Trading support, with intra day tips, that is what an intra day trader should look at.
3) You should have some one in your contacts, who should be working with any of the brokerage firms.
4) For traders, an offline account is always better than an online account. Due to price fluctuations, the stock prices change every second. The online trading softwares, always have a timelag of about 3 seconds.

Opening an offline account, wherein you can sit in the broker's office and trade directly from the ODIN, would be a much better option.

I am also new to intraday trading,but I have learnt the rules of the game.

thanks for valued discussion regarding which brokerage agency to be taken up for a beginner

Bharat Bhushanji,
I think I know you. Are you the one who re-discovered some rare Indian bird?

Please reply.

thanks for reply I am not the one who rediscovered rare bird I am new to this forum :rofl:

guys beleive me i have been using icici direct for 10 years now and find their web site very slow at times and not responding and kotak also is offering keat pro with key secure id and their site is faster which is also web enabled and they dont ask 100's of questions like icici and you wait in queue to get your call answered incase you are out and want to buy or sell something urgent.

in an online broker you should always see the reliability of the web site and back up facilities like call and trade easy access with a code i think brokerage is too high in icici direct and many features of others not available

i have had no problems with kotak with their margin funding and kiml funding they have been helpful and receptive to requirements.

Thanks
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Never open an account with those brokers who are not giving application based sofware platform to its retail clients. Because browser based trading platforms are usually with full of bugs. It never suitable for a trader kind of people who trades quite frequently. Always choose an applicatin based trading platform. Don't look at brokerage structures. Higher the brokerage greater the service. This is my experience of 8 years. Choose among INDIABULLS, SHAREKHAN, MOTILAL OSWAL, INDIA INFOLINE, KOTAK SECURITIES, ANGEL BROKING, IL & FS INVESTMART, RELIGARE, ANAND RATHI, MANSUKH, MANGAL KESHAV, EMKAY SHARE etc.

thanks friend for your experience based advice. iam thinking to take kotak mahindra as brokerage agent.you have mentioned your mail can I send you mail to take advice

HELLO EVERYBODY

I WOULD LIKE TO SHARE MY EXPERIENCE WITH ICICI DIRECT.

1. AS COMPARE TO OTHER PLATEFORMS AVAILABLE THEIR BROKERAGE IS TOO MUCH HIGH.
2. SECOND THE MOST IMPORTANT THING , THEY DONT CARE FOR THEIR CUSTOMERS,
IF U CALL ON THEIR BRANCH OFFICE, U WILL FIND THE RIGHT PERSON AFTER A GREAT TASK, AND IF U ASK HIM ANY QUESTION ABOUT UR CONFUSION, THEN HE WILL SAY HE DOSNT HAVE KNOWLEDGE ABOUT IT. PL. CALL OUR CUSTOMER CARE.
3. NOW COME ON CUSTOMER CARE, WHERE U WILL LISTEN U R I QUE PL. WAIT FOR SOME TIME OR CALL AFTER SOME TIME.
4. THEIR SOFTWARE IS TOO MUCH SLOW, AND MANY TIMES IT HAPPENED THAT I PLACED A LIMIT ORDER, AND IT SHOWN UR ORDER IS IN QUE, AND AFTER SOME TIME WHEN MY TURN COMES , ORDER GOT CANCELLED DUE TO PRICE MOVEMENT.
5. THEY DONT HAVE THEIR RELATIONSHIP MANAGER UNLIKE OTHER BROKERAGE FIRMS,
OR IF THEY HAVE , THEY DONT WANNA RELATIONSHIP WITH U.

IT MIGHT BE POSSIBLE THAT I M WRONG IN ASSESSING ABOUT THE BROKERAGE FIRM, BUT ALSO MY FRIENDS HAVE THE SAME PROBLEM WITH THE ICICI.
I PICKED ICICI DUE TO THEIR NAME IN THE MARKET, & THEY HAVE WON BEST e BROKERAGE AWARD ALSO.
I DONT KNOW BESIDES THE SO M,UCH BIG THINGS , WHY THEY HAVE SUCH A LOOSE STRUCTURE?