Indiabulls Q&A

[a_taurian]

Hi Trader Gurus...

I am a new kid on the block...i just started trading 2 months back..

I am using HDFC as they gave me free trading account with my salary account.
But they charge too much brokerage.

0.5 % or Rs. 25 for delivery whichever higher
0.05 or Rs.25 whichver higher on intraday..both sides

So after getting quoted from many brokers i have decided to go with Indiabulls.

Charges are..

Account opening : Rs. 900 .. No anual maitainance changes
Delivery : 0.25 %
Intraday : 0.03 % both sides

Interestingly Indiabulls guy kept telling me that there is no min brokerage like that Rs. 25 of HDFC.

Can some one using indiabulls confirm this ??
Are there any hidden charges under some perticular conditions ?

Please let me know

 

[superdbad]

Hi Trader Gurus...

I am a new kid on the block...i just started trading 2 months back..

I am using HDFC as they gave me free trading account with my salary account.
But they charge too much brokerage.

0.5 % or Rs. 25 for delivery whichever higher
0.05 or Rs.25 whichver higher on intraday..both sides

So after getting quoted from many brokers i have decided to go with Indiabulls.

Charges are..

Account opening : Rs. 900 .. No anual maitainance changes
Delivery : 0.25 %
Intraday : 0.03 % both sides

Interestingly Indiabulls guy kept telling me that there is no min brokerage like that Rs. 25 of HDFC.

Can some one using indiabulls confirm this ??
Are there any hidden charges under some perticular conditions ?

Please let me know

Friend,

I don't fall into the Trader Gurus... i am also a kid in trading, though have 2 yrs experience in trading (ocationaly).

I have ICICI DIrect & recently (2 months) opened IndiaBulls. i don't remember how much ICICI Direct charge.
but with IB i trade every day & the brokerage is very high.
Futures - 170rs / leg - so 350rs round trip / lot. (initialy it was double, so after bargain it camedown.)

Options - 100rs / leg - so 200rs per lot for both legs (buy & sell) isn't it too high ?

IBs Power India Bulls terminal is very good , i liked it a lot... i heard somewhere in Traderji that it is 4 sec delayed feed. but i am not sure.

IB guy gives me a tips every day for options , though everyday he tries to make 2500 to 4500 per day & 2000 flat goes to brokerage & remaining is profits for us .. the bad part of it is 2 or 3 trades in a month gives big losses..

around around 1lkh has gone for brokerage for less than 2 months & the profits is in - (negative) few thousands only

Finaly decided to go for ZERODHA - i should have the acc ready for trading in sometime next week. I have seen their F&O brokerage calculator . ZERODHA charges 20rs / leg (40rs both side) for unlimited quantity + stt tax & other stuff.




hope this helps

 

[csczero]

i dont trust indiabulls , they cheated me twice