Are you Happy with your broker ?

Which is your Broker and Why ?

Friends I find lot of information here but bit unorganized .
Can you fill this format ?
Are you all happy with your broker , if yes WHY ?
Please share the brokerage and also the type of trading you do .
Currently I am using ICICIDIRECT.com I am happy with allmost everything but for the HIGH BROKERAGE of 0.75 %


Please fill in the following format :
Type / Style of Investment :
Turnover :
Broker :
Brokerage Intraday/Delivery :
Opinion :
Future Plans and Recommendations :
Other notes :

Type / Style of Investment : Investor ( occasional trading )
Turnover : 5-10 lakhs per year
Broker : ICICIDIRECT.com
Brokerage Intraday/Delivery : 0.15 / 0.75 comes to approx 1 after tax
Opinion : ICICIDirect.com is a robust site and allows banking feasibility but has a very high brokerage .
Future Plans & Recommendations : Looking for a cheap alternative to reduce brokerage keeping icicidirect.com open
Other notes :

Type / Style of Investment : Investor, buy and hold.
Turnover : 1L equity, 3L MFs
Broker : ICICI direct
Brokerage Delivery : .55%. 0% for sale
Opinion : Suits my requirements very well. Allowes me to invest in MFs as well. Can see all my investments in a single window. It is comprehensive and robust.
Future Plans and Recommendations : I never plan to 'trade', and will stick with IDirect.
Other notes :

hey nishant, I seem to be a pretty similar investor. Only I use HDFCsec. It works great on the browser based platform and banking facilities are good. I was also looking or a cheaper brokerage for a delivery based investor. What suits you should be fine for me. Have to keep an eye on this thread.. . I might even copy and paste your style. btw my current brokerage is .05/.5 or intraday and delivery resp.

ok thanks shwn , lets make this a good thread !

Please all post in this format that would be very easy to retreive information .
Please fill in the following format :
Type / Style of Investment :
Turnover :
Broker :
Brokerage Intraday/Delivery :
Opinion :
Future Plans and Recommendations :
Other notes :

Re: Which is your Broker and Why ?

Are you all happy with your broker , if yes WHY ?
No. Higher brokerage. So thinking of opening 2/3 different accounts. Indiabulls has minimum brokerage per share of 0.05 Rs or 5 paisa.
Please share the brokerage and also the type of trading you do .

Please fill in the following format :
Type / Style of Investment : Investment +Intraday Trading
Turnover : 1.5 crore (approx 6 lakh per day FnO)
Broker : Indiabulls
Brokerage Intraday/Delivery : 0.05%/ 0.5%
Opinion : Still as high as ICICI Direct
Future Plans and Recommendations : Shift to Angel for equities (recently charting upgraded,so is as good as Sharekhan,good recos) +Commodities, RkGlobal for FnO (excellent breakeven)
Other notes : To use RKG i need approx 1 lakh to trade all contracts in this since it needs higher margin,Though can manage with 50k .

i am happy with my broker. i have fx trade oanda " http://www.broker-vergleichen.de ". spreads are very low and its easy to use.

Thanks alroyraj , I am planning to take Indibulls , so in your opinion Angel is better ?

Butscher : Can you please elaborate ?

i feel funny when i read some thread names here in tj...i want to write down what came to my mind after reading this topic name.but i not done so, as i dont want to be banned here.

Since Indiabulls have a lifetime free account with absolutely no maintenance,it always better to have an account. Also the technical indicators are the best. The leverage given is the best in the industry plus FnO margins are half.

But if you plan to trade equity then Angel is best since it has the most allowable scripts. Angel i am not sure if Technical indicators are offered.

Brokerage is paramount. In both brokerages better to have min 25 k min ready to be able to negotiate. Angel will go till 0.02%, Indiabulls in metros will go till 0.03% no lower but elsewhere a strict 0.05% like in Bangalore.

I am using edelweiss .it doesN'T need any account opening fee .but if we want to reduce our brokerage we have to activate our account with different amounts.

Amount - - bkg with in limit - - bkg exceeding limit - - validity

2000 -- 1p per share -- 0.3(above 8l)
-- 0.1p per share -- 0.03 (above 80l ) - 1 year


4000 - - 1p per share - -- 0.26(above 20l)
-- 0.1p per share -- 0.026(above 2c) -- 1 year



8000 -- 1p per share -- 0.18(above80l)
-- 0.1p per share --0.018(above 8c) -- 1 y