UNICORD DIRECT 20 RS PER ORDER GOESD DOWN TO 5 rs HOW IS THIS COMPANY

#1
I found out that while surfing the web UNICORN is now offering 20 RS per Executed order with some yearly subcription and this offer goes down to
5 rs per order

This is what i found

Do better than 1p, 10p this Diwali
Revolutionize the way you trade this Diwali with UniconDirects state- of-the-art trading platform and super saver trading plans. Whatever your turnover, you could pay just Rs. 20 per executed order.

Yes, this is valid for all equity segments, be it intraday, delivery, futures or options. You even have the choice of a plan where you pay as low as Rs. 5 per order. The Pay Per Order plans are being offered to online customers only, so hurry and choose the plan that best suits your trading volumes -

Subscription Fee
( in Rs. ) Validity Per Order Charges Remarks
15K 12 months 25 Rs per order Yes, only 25 Rs per order
+ statutory charges.
25K 12 months 20 Rs per order Yes, only 20 Rs per order
+ statutory charges.
50K 36 months 15 Rs per order Yes, only 15 Rs per order
+ statutory charges.
100K 120 months 5 Rs per order Yes, Yes, Yes. Only 5 Rs per
order + statutory charges

Does any one has any experience with them because i pay Religare 100 K for one year subscription and then i also pay .005 and .05 brokerage also

I dont know how this company is and what software do they offer but i know it should be better than BMA wealth creator :rofl:
 

Taurus1

Well-Known Member
#2
Subscription Fee
( in Rs. ) Validity Per Order Charges Remarks
15K 12 months 25 Rs per order Yes, only 25 Rs per order
+ statutory charges.
25K 12 months 20 Rs per order Yes, only 20 Rs per order
+ statutory charges.
50K 36 months 15 Rs per order Yes, only 15 Rs per order
+ statutory charges.
100K 120 months 5 Rs per order Yes, Yes, Yes. Only 5 Rs per
order + statutory charges
These are prepaid plans hwere you have to put down money in advance for no purpose.

Join zerodha and get the same brokerage without any commitment.
 

asnavale

Well-Known Member
#3
I found out that while surfing the web UNICORN is now offering 20 RS per Executed order with some yearly subcription and this offer goes down to
5 rs per order

This is what i found

Do better than 1p, 10p this Diwali
Revolutionize the way you trade this Diwali with UniconDirect’s state- of-the-art trading platform and super saver trading plans. Whatever your turnover, you could pay just Rs. 20 per executed order.

Yes, this is valid for all equity segments, be it intraday, delivery, futures or options. You even have the choice of a plan where you pay as low as Rs. 5 per order. The Pay Per Order plans are being offered to online customers only, so hurry and choose the plan that best suits your trading volumes -

Subscription Fee
( in Rs. ) Validity Per Order Charges Remarks
15K 12 months 25 Rs per order Yes, only 25 Rs per order
+ statutory charges.
25K 12 months 20 Rs per order Yes, only 20 Rs per order
+ statutory charges.
50K 36 months 15 Rs per order Yes, only 15 Rs per order
+ statutory charges.
100K 120 months 5 Rs per order Yes, Yes, Yes. Only 5 Rs per
order + statutory charges

Does any one has any experience with them because i pay Religare 100 K for one year subscription and then i also pay .005 and .05 brokerage also

I dont know how this company is and what software do they offer but i know it should be better than BMA wealth creator :rofl:

Unicon is good. Their trading platform is NEST. You can trade with NEST or through web. NEST is better. Their service / response are good. If you trade regularly then the fees quoted by you above, even 15000 with validity of 12 months should be good. They also have other schemes based on percentage of trade value. You can bargain the brokerage percentage depending on your trade value.

-Anant
 
Last edited:
#4
These are prepaid plans hwere you have to put down money in advance for no purpose.

Join zerodha and get the same brokerage without any commitment.
bhai zerodha margin nahin deta against stocks i been telling them from last 6 months to start it i trade big volumes without marign broker is not workable with me :confused:
but yes brokerage seen heading up my frinend who is a institutional dealer with a leading foreign brokerage once told me sir forget 20 rs brokerage will go to 2 rs per order also
then i laughed but now its already gone to 5 rs
 

Taurus1

Well-Known Member
#5
#6
Unicon is good. Their trading platform is NEST. You can trade with NEST or through web. NEST is better. Their service / response are good. If you trade regularly then the fees quoted by you above, even 15000 with validity of 12 months should be good. They also have other schemes based on percentage of trade value. You can bargain the brokerage percentage depending on your trade value.

-Anant
http://www.unicon.in/Downloads/uniconswiftforclient.aspx?id=1
Here it says that they provide, "UniconSwift". Is that a different "avatar" of Nest only?
 
#7
Unicon is good. Their trading platform is NEST. You can trade with NEST or through web. NEST is better. Their service / response are good. If you trade regularly then the fees quoted by you above, even 15000 with validity of 12 months should be good. They also have other schemes based on percentage of trade value. You can bargain the brokerage percentage depending on your trade value.

-Anant
I am using NOW platform.

Which one will be better for trading???

NEST or NSE now.

can someone throw some light on this...
 
#8
I am using NOW platform.
Which one will be better for trading???
NEST or NSE now.
can someone throw some light on this...
Firstly, NEST and NOW are like potato and potato - there's no difference whatsoever. It's the same thing - the only difference is that one is grown by NSE and the other one is grown by the broker. If we have a potato expert on this forum, I'm sure he can pick the subtle differences between NOW and NEST. ;)

Guys, so sorry to bust the myth of Unicon. I traded with them a while ago. Their transaction charges are much higher than the industry average. They charge Rs. 800 per crore for Futures and Rs. 9500 per crore for Options. And what's the deal with advanced brokerage? That's like a prenuptial agreement... some go for it, most don't.
 
#9
firstly, nest and now are like potato and potato - there's no difference whatsoever. It's the same thing - the only difference is that one is grown by nse and the other one is grown by the broker. If we have a potato expert on this forum, i'm sure he can pick the subtle differences between now and nest. ;)

guys, so sorry to bust the myth of unicon. I traded with them a while ago. Their transaction charges are much higher than the industry average. They charge rs. 800 per crore for futures and rs. 9500 per crore for options. And what's the deal with advanced brokerage? That's like a prenuptial agreement... Some go for it, most don't.


If tranaction charges are 800 and 9500 then i would say most of these brokers are shameless enough to take clients for a ride somehow WHERE IS THE BLOODY LOKPAL FOR BROKERS SEBI BEHAVES LIKE THERE FIRST COUSIN
 
#10
the trading charges mentioned for options are too too high. I don't think any broker can charge that much for options. I trade with unicon and i am charged 770 Rs per crore for both futures and options.
I was not aware of this plan but it looks good. Need to check with customer care on details