How the brokers cheat you in charges by other charges

rvlv

Active Member
#1
hi
do you know brokers lik INdIA INFOLINE,CDEQUI,ETC they show in contract notes brokerage,service charge and OTHER CHARGES.
in this OTHER CHARGES they cheat you by adding double charges & indirectly hidden.
Dont trade with such brokers. EVEN ZERODHA USES OTHER CHARGES -AS A FRIEND TOLD ME.
where is transparency?
IF YOU SEE ANYTHING CONSPICUOUS IN CONTRACT NOTE , JUST POST IT HERE.
Also post it in local newspapers then stop trading with that broker.
INDIAINFOLINE IS THE WORST PLAYER IN SUCH CATEGORY.
THEY USE CLIENT ACCOUNTS FOR POCKET MONEY AS ONE CUTOMER SAID.
please post your contract notes here without name of yours but with broker names.
let us compare and find out how many brokers use this undercover " other" .

let me know which broker does nt use other charges-they are transparent.
regards
open your eyes
let others be helped by your info
god bless you
 
Last edited:

TradeOptions

Well-Known Member
#2
Power India Bulls broker used to do same kind of cheating by adding extra changes in this "OTHER CHARGES" CATEGORY. :mad:
When I asked my RM about it, there was no clear answer. And they used to randomly charge some amount in this category on different days even if I did the same single lot Nifty Futures trade in all those days.

This is a very bad practice indeed. I have dumped them since long.
 

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