Another situation I'm in with a different broker. if you could suggest a way out:
Tried Axisdirect for sometime. However, their Ring application was misleading with its scanners and recommendations.
On a trade which gave a profit of 5% they took a brokerage of 2.5%, leaving nothing for me. On site they claim 0.5% brokerage.
The reason they're charging is I took the first year free DEMAT plan, paying only 499/- for ac opening. However, they now say its free only if I open an Axis bank ac, so probably they're trying to make up that loss. After I pointed out the 2.5% brokerage, they've deducted that amount from the amount they want me to pay for DEMAT.
Now should I continue to use their service, or complain to authority, or pay up and quit the broker?
Tried Axisdirect for sometime. However, their Ring application was misleading with its scanners and recommendations.
On a trade which gave a profit of 5% they took a brokerage of 2.5%, leaving nothing for me. On site they claim 0.5% brokerage.
The reason they're charging is I took the first year free DEMAT plan, paying only 499/- for ac opening. However, they now say its free only if I open an Axis bank ac, so probably they're trying to make up that loss. After I pointed out the 2.5% brokerage, they've deducted that amount from the amount they want me to pay for DEMAT.
Now should I continue to use their service, or complain to authority, or pay up and quit the broker?