Canara bank's canmoney.in

Discussion in 'Brokers & Trading Platforms' started by Sunny1, Mar 28, 2009.

  1. Sunny1

    Sunny1 Well-Known Member

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    Hi everyone,
    I am planning to open 3in1 account.
    anybody has 3 in 1 account with canara bank
    how is the service , brokrage, etc etc and blah blah and all that
    plz share
    So far I have found 2 threads and 2 posts about this topic but no answers
    so I thought to start freshly as canmoney was new at that time


    Thanks in advance
    This is great site
     
  2. ace-trader

    ace-trader Member

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  3. Sunny1

    Sunny1 Well-Known Member

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    Hi, thanks for your reply.
    That site really nice to know about various charges.
    but each broking firm has different scams in each of thier branch
    therefore I went through all forums to know about servicibility:cool: and I found many many problems with so many people in each broking firm.
    There is no info about canmoney service so I thought to try it.
     
  4. Sunny1

    Sunny1 Well-Known Member

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    Hi everybody ,
    I decided to open account with canmoney.
    I will post my opinion after using its OLT fecility.
    For now they weived all opening charges

    I. BROKERAGE CHARGES:




    Option 1
    NORMAL BROKERAGE OPTION (NBO)
    transaction Type Rate
    Non Delivery (Cash Segment) 0.05%
    Delivery 0.35%
    FNO 0.10%


    Option 2
    UPFRONT BROKERAGE OPTION (UBO) Choice of 4 options
    Standard Silver Gold Platinum
    VALIDITY ONE MONTH
    Brokerage payable upfront Rs.299/- Rs.499/- Rs.999/- Rs.3999/-
    transaction type:
    Non Delivery (Cash Seg.) 0.035% 0.03% 0.025% 0.02%
    Delivery 0.30% 0.25% 0.20% 0.16%
    FNO 0.07% 0.06% 0.05% 0.04%


    Option 3
    TURNOVER BASED BROKERAGE OPTION (TBO)
    Daily Turnover below Rs. 5.00 lacs 0.25%
    Daily Turnover of above Rs. 5.00 lacs but less than Rs. 20.00 Lacs 0.15%
    Daily Turnover of above Rs. 20.00 lacs but less than Rs. 50.00 Lacs 0.10%
    Daily Turnover of Rs. 50.00 lacs and above 0.07%





    They have three trading terminals two web terminals and one software(Tradeanywhere from Religare aka Asian cerc).
    The person I met said that software is not free and also said charge for software will be Rs2500

    More info:The person from canmoney was friendly may be cos he was manager for olt(online trading) for canara bank
    He said they have over 6000 customers so far
     
  5. 7heights

    7heights New Member

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    Hey Dude......thank u very much that u r sharing this info here.....Actually I m looking to go 4 angel brokers since in most of the threads, their service has been appreciated......and the plus point is that they r offering diet ODIN terminal which is very swift as compared to the other terminal softwares....Still looking forward 2 ur post so that I can decide between Angel or CanMoney......... Thanx :)
     
  6. Sunny1

    Sunny1 Well-Known Member

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    I was also stuck between angle canmoney and some other.
    chosen canmoneyfor 3 reason
    1. they provide 3in1 account which is better option
    2.angel dont have money transfer beck to account through online
    3.Can bargain broking on angle but high deposit is require. I will not put more money as of now so cannot get low bkrge in angle and also their brokrage cant be modified

    but surely angle have more +ve point like odin and free tradeanywhre software , good service etc. If am not satisfied with canmoney will move to angel
     

  7. Sunny1

    Sunny1 Well-Known Member

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    Got the get set kit:clap: from canmoney containing information about my demat account and also booklet of canmoney having info on service & brokerage and I was shocked:eek: seeing the brokerage rates later I got to know booklet was 1 year old that gave me a sigh of relief:!.

    Also got an email informing about trading account and user id.:clapping:

    Waiting for password.
     
  8. Sunny1

    Sunny1 Well-Known Member

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    Got the password yesterday. But account activation is needed which can be only done through bsnl/mtnl toll free number. So I called the person who opened my account he said he will activate my account.
    Without activation I can login but can perform any task like moving funds, placing order etc.
     
  9. 7heights

    7heights New Member

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    Hey thnx for this info......any words on their terminal.....wat kind of software do they provide?? I m still busy in some projects.....the moment i get my a/c opened with angel.....I'll let u know their reality....lol :D
     
  10. Sunny1

    Sunny1 Well-Known Member

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    Got activated by calling their alternate number today morning. The software is trade anywhere same as provided by angel but angel provides odin too. But to get the software in canmoney one has opt for platinum brokerage scheme. In one has to pay monthly 3999rs and then brokerage is reduced to 2 paisa. So I dont get any software.regreting that I would have chosen angel broking. I will tell you about trading terminal later. trading terminal and software both are developed by asian cerc (now religare).

    have you decided to go angel way?
     
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