ShareKhan or Indiabulls?

Presently I am having SBICapSecurities Demat account,but its software is too clumpsy & brokerage charges are even too high.So I am thinking to open demat cum trading account either with ShareKhan or Indiabulls?Both of them are offering initial brokerage as 0.30%(Delivery) & 0.03%(Intraday).So please can anybody suggest me which one should I prefer in terms of Brokerage,Software,Customer Service,RM Assistance?What brokerage should I ask them initially?
Regards...
Sandeep Agrawal

Its a good initial brokerage to begin with, unless u are doing heavy volumes u can negotioate it down. IB provides intraday data only for the current day where as Sharekhan I think a 5 day back fill is available, correct me if I am wrong.
I would not like to comment on service of either Take your pick.

Hi thanks man...
Please I wanna suggestions from more n more people...
Pls do reply for my query...

Regards...
Sandeep Agrawal

Go for Indiabulls.......I have tried both Sharekhan and Indiabulls.......

Now not trading in Sharekhan as u don't get any mail or intimation b4 ur positions being squared off and also account portfolio is not clear but in indiabulls you get every trade ur account portfolio very clear. I traded with Sharekhan for around 6 months but did not come to know what my brokerage is...
You don't get good customer services from them, if have any query local office will say its all done from HO.......very bad exerience , initially they offered me 0.02 and .2 on interday and delivery but I think they were charging 0.03 and 0.3 ...........

Indiabull have everthing clear.. best trading software, if you have query and a crystal clear answer...
You can also checkout for Aditya Birla Money , I also have gud experience with them.

Sandyextc: Buddy, sharekhan offered you 0.03% Intraday (One side only) ??

If yes, how much money have you told sharekhan tht you will deposit for trading on initial account opening ?

PS: What AMC scheme you are going with?

My Choice will be "Sharekhan".

Sharekhan has very good trading site, its brokerage is very less (i got 0.25% delivery and 0.05% for intraday). Previous to sharekhan , I had icicidirect, 5piasa and motilal oswal. When compared to these brokerage house, the trading site is good in sharekhan. Also, the research idea they are posting are very good and reliable. Investment ideas are worth a lot than other brokerage houses. And not having much idea about the indiabulls. Check out the demo tools of both the company before going it for. Let me know if you need any specific info about sharekhan account.

Hi Craige...

Well thanks for reply...Well they are charging me 0.30%(delivery) & 0.03%(intraday) on buy side & same on sell side as well...
Well I am investing Rs.100000 initially...So what do u think what should I do?

Regards...
Sandeep Agrawal

With this initial margin deposit, you can negotiate and bring down your brokerage to .015% both sides or .03% one side. Better negotiate and bring 'em down.

Thanks nac I will try to bring down the brokerage as u said...thanks for ur reply...

Regards...
Sandeep

Thanks Nac... I have convinced them to bring brokerage down to 0.03%(intraday) & 0.20%(delivery).thanks for ur suggestion...

regards...
sandeep