SHAREKHAN new account

P

pra1968

Member
#1
#1
Dear Alls,:)
I want to open new account vth share khan.
So i want to know there charges as follows
1)Account opening charges ONE TIME and others if any.

2)Monthly charges or annualy charges if any.

3)minimum turnover or brokarage commitment if any

4)rates of brokerage for commodities (as i trade on MCX and NCDEX)

5)any other expenses they charge for there software


I hope u all reply me for my above quaries.:)
thanks in advance.
 
nac

nac

Well-Known Member
#2
#2
^ I guess there is no account opening charges. Probably they charge AMC.
There is no monthly charges, but there is annual. AMC is 400/-
Brokerages are charged upfront.
I am not sure about commodity brokerage.
No charges for software.
 
T

trade man

Member
#3
#3
please beware of low cost scrip likke .20 rs or .40 rs . i had very bad experianced with sharekhan they charged me brokerege of 20000rs on buying of 45000rs of casls euity share. they r cheat.
 
K

krm

Active Member
#4
#4
trade man said:
please beware of low cost scrip likke .20 rs or .40 rs . i had very bad experianced with sharekhan they charged me brokerege of 20000rs on buying of 45000rs of casls euity share. they r cheat.
Click to expand...
Dear friend,
Each and every broker is tries to take maximum from customers pocket. Some are charging minimum 15/ to 20/- rs per trade while brokers like sharekhan/angel charge minimum 2 to 4-5 paisa per no of share. Minimum means minimum brokerage chargable for any share. If the share costs less than 100/- then they will charge not as per %, they will charge minimum. For shares like TTML the intraday brokerage if 4 times than the percentage brokerage. But as we have signed agreement with them, we have to pay that much. We should understand these things first. I always avoid trade in such scrips in Angel as it results in huge brokerage. Here we can use ICICI/Geojit as they charge minimum 15/20 rs per trade/order. It is always better to trade small qtys first, see contract note, check if there r any oyher charges debited, take clarification of each debit from ledger and then trade in full swing. Always be careful to know every charge from ur broker.

Regards
 
nac

nac

Well-Known Member
#5
#5
trade man said:
please beware of low cost scrip likke .20 rs or .40 rs . i had very bad experianced with sharekhan they charged me brokerege of 20000rs on buying of 45000rs of casls euity share. they r cheat.
Click to expand...
Can you please bit more detail in your experience with share khan?

How much is the value of the trade?
.20? is it option? If yes, for how many lots they charged you 20k and 45k.
 
K

krm

Active Member
#6
#6
nac said:
Can you please bit more detail in your experience with share khan?

How much is the value of the trade?
.20? is it option? If yes, for how many lots they charged you 20k and 45k.
Click to expand...
Dear friend,
It is not any option. I think he has purchased shares of cost 45 paise and paid a brokerage to sharekhan about 5-7 paisa which may be minimum for delivery in his case.
 
R

RAGAV

New Member
#7
#7
I think he (trade man) bought shares of Cals refineries worth Rs. 45000. (Cals refineries is a penny stock. Its market price will be below 1 Rs.)
I guess for 45000 Rs , brokerage charged was 20000Rs. by sharekhan.
I think there is a min. brokerage like 0.05Rs. per share when the share price is less than 100 Rs. This mode of calculation hurts the trader when trading in really low cost stocks.
 
bunny

bunny

Well-Known Member
#9
#9
crezik17 said:
dont open a/c with sharekha.. that is very useless furm.. will not give u after sales sarvice.....try RELIGARE
Click to expand...
I second the observation that sharekan's customer service is terrible. If you call their toll-free "customer care", you will have to hold for atleast 10 to 15 mins and then if you are lucky, you can get a sensible person on the line. Sometimes, if the call drops or if something is left unanswered, you will have to again go through this waiting.

Their email support is too slow. You will never get immediate answers or even on the same trading day. You will get answers next days or may be even later than that.

"Trade tiger" software has good charting features, but if you are willing to spend a little on a genuine RT data feed, then you can completely ignore this aspect

The BEST CUSTOMER CARE I have experienced till date is of ANAND RATHI. If you write an email, within minutes they call you and give the solution whereever possible over phone. Otherwise, they will email.

ANAND RATHI trading software NEST Trade Xpro is does not have even charting facilities but is decent. Brokerage structure is also cheaper than sharekhan.
 
P

pra1968

Member
#10
#10
Dear alls,:) thanks for ur response.:thumb:
but as i mentions i want to trade on NCDEX and MCX.
Today there is no one (AS PER MY KNOWLADGE)gives RT data and backfill for both commodity exchange.
as i know from this augest forum thet sharekhan have charting facility vth 5 day back period vth 1min data.
my sole purpose is to get back data.so kindly guide me on this metter
and pls be honestly negative respose also welcome.as if they charge something hidden charges it is very late for me.:mad:
hope u all response me

and thanks bunny for response:clap:
thanks
bunny said:
I second the observation that sharekan's customer service is terrible. If you call their toll-free "customer care", you will have to hold for atleast 10 to 15 mins and then if you are lucky, you can get a sensible person on the line. Sometimes, if the call drops or if something is left unanswered, you will have to again go through this waiting.

Their email support is too slow. You will never get immediate answers or even on the same trading day. You will get answers next days or may be even later than that.

"Trade tiger" software has good charting features, but if you are willing to spend a little on a genuine RT data feed, then you can completely ignore this aspect

The BEST CUSTOMER CARE I have experienced till date is of ANAND RATHI. If you write an email, within minutes they call you and give the solution whereever possible over phone. Otherwise, they will email.

ANAND RATHI trading software NEST Trade Xpro is does not have even charting facilities but is decent. Brokerage structure is also cheaper than sharekhan.
Click to expand...
 
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