I am also a small trader in the indian stock markets, as you all are. And I have also faced many problem with online trading. But all said and done online trading is much better that the old offline one, where brokers used to give fake prices and people still were making tons of money in stocks. And brokers where getting richer at the speed of sound.
This online trading was ment to make brokers richer at the speed of light, which it did in the intial phase, where brokers like icici direct, sharekhan, eat away the moola. But now with competition they are also forced to cut down their rates. But we will have to still appreciate them, some still don't cut down their rate card, even after seeing that clients are refusing to trade.
I have operated through 3 brokers so far in my online trading carreer, icici, sharekhan and reliancemoney. And all I can say is there are problems every where, and there are some benefits also every where. But as a trader, I was the happiest when my costs were lower and thats with rel money.
This online trading was ment to make brokers richer at the speed of light, which it did in the intial phase, where brokers like icici direct, sharekhan, eat away the moola. But now with competition they are also forced to cut down their rates. But we will have to still appreciate them, some still don't cut down their rate card, even after seeing that clients are refusing to trade.
I have operated through 3 brokers so far in my online trading carreer, icici, sharekhan and reliancemoney. And all I can say is there are problems every where, and there are some benefits also every where. But as a trader, I was the happiest when my costs were lower and thats with rel money.
