1 paisa per trade ? Is it true? BMA Wealth Creators

#11
I have still not understood what exactly the problem in dealing with BMA? Latest update is they are charging advance brokerage of Rs.7500/- for Cash & Rs.15,000/- for Cash+F&O. If some one whose trading is high in f&O, they are really finding it economical (It is much cheaper than RK Global's Rs.9/- per lot in options).

Their online platform is Omnesys's Nest software which is being used by most of the renowed brkerages.

Can anyone tell me what is exact problem in dealing with them?

Regards,

mangup
Maybe it would suit the high volume traders only :)
 

VijayDT

Active Member
#12
I have still not understood what exactly the problem in dealing with BMA? Latest update is they are charging advance brokerage of Rs.7500/- for Cash & Rs.15,000/- for Cash+F&O. If some one whose trading is high in f&O, they are really finding it economical (It is much cheaper than RK Global's Rs.9/- per lot in options).

Their online platform is Omnesys's Nest software which is being used by most of the renowed brkerages.

Can anyone tell me what is exact problem in dealing with them?

Regards,

mangup
Except for Kareena in Broking ads, I did not see anything exciting in the offer. Almost all the brokerages have such offers on their pre paid. Over and above BMA has limited experience in serving retail, and more particularly offering online trading platform to the retail crowd. Had BMA had the experience of what retail is all about then they would have launched offers with smaller dominations... or would have charged lesser brokerage per trade!!! ....I would reserve my right to comment on Omnesys Nest software, which is not the best. In fact it is not upto the mark! BMA has just started wetting its feet in this market. It will evole(hopefully)... we will wait until that time.

Regards,
VDT
 
#13
Except for Kareena in Broking ads, I did not see anything exciting in the offer. Almost all the brokerages have such offers on their pre paid. Over and above BMA has limited experience in serving retail, and more particularly offering online trading platform to the retail crowd. Had BMA had the experience of what retail is all about then they would have launched offers with smaller dominations... or would have charged lesser brokerage per trade!!! ....I would reserve my right to comment on Omnesys Nest software, which is not the best. In fact it is not upto the mark! BMA has just started wetting its feet in this market. It will evole(hopefully)... we will wait until that time.

Regards,
VDT
can u please shed some light on which trading platform u find better than OMNESYS NEST.
 
#14
Hi friends

I did contact one of the managers of this firm and asked for demo of their software to check. He said, he would give me the pass word for the s/w next day, but he did not. I waited and called him again after four days and asked for the same. He said, he would get it the following day, but never came back until now, which is more than 10 days....
 

pundit

Active Member
#15
Not necessarily, SG. Sharekhan has different schemes of advance brokerage where the brokerage goes down with the amount of advance you pay (Rs. 2k, 6k, 10k, 18k, 30k and 100k schemes). On the plus side, the amount of advance brokerage (AMC) is credited back to your account.

But this BMA thing appears to be a blatant lie since the advertisement doesn't even say (*) "Conditions apply".
Sharekhan is also not that much good , I have bad experience with ShareKhan , ultimately stopped trading through them.
 

Raju

Well-Known Member
#16
I had very bad experience with BMA - They lost all documents I had submitted to their branch along with the cheque.They do not care to call and respond.

When you are not satisfied with all other brokers then only think of BMA.

Beware,

Raju
 

mangup

Well-Known Member
#17
Except for Kareena in Broking ads, I did not see anything exciting in the offer. Almost all the brokerages have such offers on their pre paid. Over and above BMA has limited experience in serving retail, and more particularly offering online trading platform to the retail crowd. Had BMA had the experience of what retail is all about then they would have launched offers with smaller dominations... or would have charged lesser brokerage per trade!!! ....I would reserve my right to comment on Omnesys Nest software, which is not the best. In fact it is not upto the mark! BMA has just started wetting its feet in this market. It will evole(hopefully)... we will wait until that time.

Regards,
VDT
Dear VijayDT,

Can you pl let us know which are the other brokerages which offer pre paid plans more competitive than BMA?

mangup
 
#19
I have still not understood what exactly the problem in dealing with BMA? Latest update is they are charging advance brokerage of Rs.7500/- for Cash & Rs.15,000/- for Cash+F&O. If some one whose trading is high in f&O, they are really finding it economical (It is much cheaper than RK Global's Rs.9/- per lot in options).

Their online platform is Omnesys's Nest software which is being used by most of the renowed brkerages.

Can anyone tell me what is exact problem in dealing with them?

Regards,

mangup
when do they return the advance brokerage money back ?
 
#20
Hi sarat are you handling PR of bma wealth creators as there,s mere one question asked and you have replied 5 times ,BMA has numerous compliants against them though there 1 paise brokerage is brilliant but no one seems to be intrested as of now on traderji

And on whole of the web there is this same questions asked is it true bma offering 1 paise brokerage ((sound so amusing as if in one paise they are offering you to marry a supermodel )) i dont know who is writing all over but woh kehte hai na nakal ke liye bhi akl chaiye hoti hai :clap:

i dont know what the big deal most of the brokers are facing intense heat
people are already offerning from 999 to 1999 unlimited trading to 9 rs per lot to 5 rs per lot and what not the most important thing is integrity of the brokers

i was horrified to read one post where the Avp of bma wealth says to customer about his RM that " mein janta hoon isne satta mara hai but hum kuch nahin kar sakte jo bhi karna hai RM se deal karo company ko bahar rakho "