MF Global - share opnions on dere service..

should i open a/c with MF global, plz share ur expierence with them...

^ Posting one in beginners column one here... Planning anywhere else????

You have found the right place. You will get some response. Why are looking for MF Global while there are plenty of known brokers???

If you don't get reply, you can take it as no body knows about this firm.

I am having account with their Bangalore Branch Office ( not any franchisees ) .Since I gave good volume they gave good exposure for margin trading - offline account.But you should develop a rapport with a dealer ( trader who places orders for you ) so that they can see your trading style , consistency , profit making etc ... then they will ask for more exposure from their head office for you . This is applicable for any Broking company .MF Global's fundamental calls also good.But whoever gives you a tip always check with your charts and cross check before taking any decision.
I am having account with various people but with my experience I am satisfied with India bulls , MF Global and Angel Broking.All three are good.
Good luck

thanks A lot for sharin ur expierence with me......hey can u plz tell me wht brokerage dey charge to u ???

Yes, what is the brokerage on intraday and futures? I was trading with them in the US but the brokerage there is a whole different story...
How is the order execution and trade terminal?
Thanks

I was offline client.I do not know about their terminal.I gave them a volume of minimum 1 crore per day and the brokerage is .02 for intraday.Same with India bulls and Angel.
Angel's Odin Diet never gave a problem.Their recently introduced PDA analyzes if there is any problem and corrects it.Single platform for Stocks and commodities- good.
But when it comes to Stocks PIB of India Bulls has been remaining an excellent one.It opens like silk.By sefault it gives 10 times exposure for Intraday ( I was told - not trading recently- check for yourself )- position closing by 3.00 P.m
By the way if we trade for US stocks what would be the fee structure.Please explain in detail.
Best of luck

ok..best of luck u look like a big client of them.....ur volumes r attractive...ny ways thanks for sharin ur exp.......and me also willin to knw the fee structure, of investin in US stock.....balab plz giv us a good idea abt dat, waitin for rply.....

Most of the online brokers in the US follow a per-trade charging basis - usually $4 or $3 per trade irrespective of trade size. Some new brokers are doing it at $2.50 per trade.
For individual contract pricing, discount brokers for example can offer $2 per forex or index contract, 70 cents per option contract.

So Indian brokers are much cheaper for smaller accounts, but it works out more expensive if you are trading huge volumes.

If you are talking about trading US or global stocks as an Indian resident, then interactive brokers is your best bet. I am trying to open an account with them to trade NSE, mainly because their data and trading terminal is world class. All fees are transparent and non-negotiable (I tried) and on the website at http://www.interactivebrokers.co.in/en/p.php?f=commission
It seems like a very professionally managed outfit, 10 times better than my interaction with Angel or Sharekhan etc.
But the fees are just too much for a day trader unless you have a 10lac portfolio and are doing 2-3cr per day transactions. But that's my opinion, you can check the rates and decide. Worldwide stock markets can be traded with a minimum account size of $5k.
(http://www.interactivebrokers.co.in/en/accounts/fees/minimumDeposits.php?ib_entity=in)

Nitin 30,
It is not how much turnover we give.how much profit we take home by year end is important.I traded a lot.earned a lot.lost a lot.A poor money management.But worldwide traders do this so i am not alone.but i gained some experience.Initially money and experience can not live together.You have to lose one to gain another.
But there are some Intelligent Traders who are earning without losing.Learn from them.I am a bad example (or a good example for how not to trade.)
Do not worry about the brokerage.If your calculations are correct and consistent profit is there , slowly your volume will increase and you can negotiate for a lower tariff.They have to give.
Wish you a happy trading.