ICICI direct slashes the BRkerage

Yes it came late but it did. May be due to competetion heating up in the Demat A/c segment.


http://www.icicidirect.com/mailimages/derivatives new brokerage.html



aLSO FOR THE Futures traders Intra Day Squre Off trades in derivative will be charged zero brokerage. Gr8

http://content.icicidirect.com/mailimages/feeschedule.htm

thanks, swagat, for the info.
i wish they make the cash segment also competetive.

MurthymSR

ahhh, atlast.

mURTHY SIR cash was always good. 0.35%. There was a rebate scheme which they refund the money. Pls visit the ICICI direct customer service page and check the New fees shedule.

Thansk

ah,

you know they nicely increased the DEMAT Opening charges for NRI's to 3000 rupees.

Nice way to kick around NRI's....

Satya

Thats real bad

Seems they have confusion over brokerage for derivatives squared intraday .

"" Now the second leg of Intraday Square-off (Buy and Sell of a contract on the same day) transactions in Derivatives will not be charged any brokerage. """ Which states only second leg brokerage will not be charged .
Effective Brokerage On Intra Day Square Off : 0.025%

And again they say

""Intra Day Squre Off trades in derivative will be charged zero brokerage. "

So we have to wait for clarity on this issue .

Regards

Naresh

hi naresh,
no confusion. if one buys (or sells) and square of the the same within that day only, then there will be no brokerage for the second leg. thus the efficetive brokerage will be .025% per leg.

cheers,
jdm.

[sachin]
well..though the icici has slashed the charges its good for traders in high end segment...
for people trading upto 10lakhs which i beleive is flooded with majority..its not cmonign asa relief.
So guys..not a much gud news to relax..
ICICI still sucks..

Hi gents,

icici direct is for high endtraders.
their system is not userfriendly.it is damn slow
there were days when it does not open in peak trading hours once you close.
or to feed a buy order you keep waiting.
speedwise bad
hidden charges-god knows how they fool their customers
i have an account i never trade
I leave that chance to waste valuable time--to others

you have to pay in terms of
time
money
patience to see your orders go thru.

I am ready to pay with extra fee, but not the other two.
If a chartered accountant gives a statement may be then I will consider
hidden charges and whitewashing their customers and terrible delays to get to somebody who can really help you in times of trouble--keep me away
Their margin trading system i tried, does not allow daytraders to make money as though there is some built in defence or drag. I TRIED COMPLAINED AND LEFT IT

5paisa.com undoubtedly a number one in making their daytraders bankrupt
by forcing them into heavy losses and auctions-because they are least bothered about customers making money-it is they themselves first priority.
to hell with these type of brokers who use customers as a means to maximise income.they dont have auto squareup and they wont initiate it after repeated requests and customer service is mum on complaints. everytime you get pushed toauction,theycharge a delivery brokerage and they benefit a lot at your cost.

think twice
after you get real data of all costs involved then wait 5 months if no one complains on this forum then if you love icici go and join
I NEED TO MAKE MONEY MYSELF. I AM MY FIRST PRIORITY.
tHE WORST SCENARIO I CAN ACCEPT IS ME MAKING 50 UNITSA AND MY BROKER MAKING 50 UNITS AT PAR.
In both above parties it was in my case 20 -80, or 30-70 where the later is the broker.

Indiabulls = by far things go in line with expectations and calculations.
autosquareup starts 1500 hrs ends by 1515 ands no visible bias is observed till date.
Regarding those brokers luring customers with flat brokerage, complaints are already pouring in no advantage =no advantage\ sheer deception-
bye
rvlv