List your brokers and brokerage here-Great thread for newbies

[hhh]

I'm starting this thread since i and many other newbies here would be very curious to know which brokers and what brokerage our seniors members are paying.

I will mention the format here, Please everybody spare a minute update this thread.

It will great help for others.

PLZ FOLLOW THE FORMAT.

Any suggestions are welcome

Format:

Broker:Your Brokers name
Branch:Branch where you hold the account
Prepaid:Yes or No if Yes Mention the charges
Intraday Brokerage:One side/Each side
DELIVERY:
INTRADAY CASH:
FUTURES:
OPTIONS:
Minimum brokerage: If any
Overall Rating:




Thanks
Giri

[hhh]

Let me start

Broker:Arthamoney
Branch:Chennai
BROKERAGE for Intraday:Each side
Prepaid:Yes(Rs 4500/)
DELIVERY 0.20%
INTRADAY CASH 0.01%
FUTURES 0.01%
OPTIONS 0.25% of Option Premium or Rs.25 whichever is higher.
Overall Rating: 4/10

Note: Never go for my broker, Read my following thread
http://www.traderji.com/brokers-trad...-big-trap.html


-Giri

[rajputz]

Format:

Broker:icicidirect
Branch:una, himachal Pradesh
Intraday Brokerage:.15% including both side,taxes and stamp duty
DELIVERY:1.35%
INTRADAY CASH: DONT KNOW
FUTURESONT KNOW
OPTIONS: All Suck
Overall Rating:2.5/5

[sira]

Broker:5paisa
Branch:chennai
Intraday Brokerage:Each side
DELIVERY:30paisa
INTRADAY CASH:2paisa
FUTURES:2paisa
OPTIONS:35rs
Overall Rating:6/10

[hhh]

Updated format with Prepaid/postpaid Option

[linkon7]

well, I trade with R K GLobal. They charge 9 Rs flat per lot. I trade nifty and options and the breakeven comes to 1.70 points in nifty futures and about 0.85 points in options. I seriously dont know where my branch is. Never been there, all my interactions has been over the phone and so far i have nothing to complain. i'll give them a 4.5 out of 5....

[gunavadhi]

Broker:RKGLOBAL
Branch:KOLKATTA
Intraday Brokerage:--
DELIVERY:---
INTRADAY CASH:---
FUTURES:89 PER LOT
OPTIONS:----

[milind857]

Originally Posted by linkon7

well, I trade with R K GLobal. They charge 9 Rs flat per lot. I trade nifty and options and the breakeven comes to 1.70 points in nifty futures and about 0.85 points in options. I seriously dont know where my branch is. Never been there, all my interactions has been over the phone and so far i have nothing to complain. i'll give them a 4.5 out of 5....

Would u Please mention your Intraday...& Delivery brokerage...?
Friends, I think we need to add one more row for Minimum brokerage for a trade..as it is Rs 100 for ICICIDIRECT I guess.......

[milind857]

thinking of switching to positinal trading so looking for option of low brokerage...? Like RK GLobal heard it is good let's c...

ICICIdirect
Pune
postpaid
intraday & FnO 0.05% i guess..
delivery 0.75% + taxes (not ready for negotiation at all...)
rating : 1/5 only good thing abt ICICIDIRECT is that they allow to buy all scripts that's it........
Abt to close the account.

Problems :
not only high brokerage but also site do not open in panic....no live quotes...one can do BTST only selected scripts...


Broker:Geojit
Branch:Pune
Prepaid: No
Intraday Brokerage:Each side 0.03%
DELIVERY: 0.5%
INTRADAY CASH:
FUTURES: 100 Rs per lot
OPTIONS: same
Overall Rating: 2.5/5

problems : stop trading using geojit.....as one has to generate 2000 Rs brokerage in order to use fast terminal...

Broker:Religare
Branch:Pune
Prepaid: yes
plan 2500
Intraday Brokerage:Each side 0.03%
DELIVERY: 0.35%
INTRADAY CASH:
FUTURES: 0.03%
OPTIONS: same
Overall Rating: 3/5

note: Not used so extensively
Good things : good live quotes...

Broker: Reliance
Branch:Pune
Prepaid: yes
plan 600 for 1crore turnover (recent change no idea)
Intraday Brokerage:Each side 0.03%
DELIVERY:
INTRADAY CASH:
FUTURES:
OPTIONS:
Overall Rating: 2.5/5

Broker:Indiabulls
Branch:Pune
Prepaid: No
Intraday Brokerage:Each side 0.03%
DELIVERY: 0.3%
INTRADAY CASH:
FUTURES: 0.03% Rs per lot
OPTIONS: same or 2.5 % whichever is higher
Overall Rating: 3.5/5

Note :

high brokerage negotiable though if u have good turnover...good quotes & intraday charts..one of the best S/W for trading PIB...i have been using Indiabulls since last 3 years.....
I can't trade on BSE scripts....selected scripts for Intraday...
5-15 times margin negotiable........

PS i am holding all the accounts...posted 3/4 brokerage just for guidance out of which Indiabulls i use at the moment very extensively....Check updates on Reliance money.. Religare & geojit.......but not recommend Reliance & geojit to any one.....

[hhh]

Originally Posted by milind857

Would u Please mention your Intraday...& Delivery brokerage...?
Friends, I think we need to add one more row for Minimum brokerage for a trade..as it is Rs 100 for ICICIDIRECT I guess.......

Minimum brokerage row added.
Thanks milind for extensive review abt your brokers