Novice Question

Hi,

I got a demate account with hdfc a week ago and after some research i tried to buy shares today.

I placed an order for 200 shares and then cancelled it, it did it thrice, twice for buy and once for sell.

Later on i baught 200 shares and selected market instead of limit i found that it got 5 different transaction to get 200 shares share amount becomes 8300 and my bank a/c shows hold funds 9000+

Its hdfc demate account.

How can this is be so much and i understand 25 rs brokerage charges however its seems very high for me

Also there is option in my demate cnc fund it shows 669 something what is it.

Can somebody help me out

Regards,

Rahul

hi...minimum brok. is a norm with most broking houses. hdfc charges 25/-.

transactions get executed as per availability of sellers in the market. Brokers do not have any control on the execution.

i guess 669/- cud be the excess funds held for brokearge and other charges. Post debiting the charges the excess funds get released.

b.t.w u shud try the chat tool on their website. its something new

sditn thanks for your reply. I see that they hold the fund 9000+ and they finally charged 8400+

I believe this has happened as i placed few orders and cancelled them.

I did try their chat tool on website and they say for further information please call, they simply give pre defined templates (copy paste) answer.

That's why i am here on tradeji to gain knowledge

Hi! Newintrade, I hv tried their chat tool. They are quick to respond whenever contact detail is asked for. Hope your query is resolved.

b.t.w..... i like your id. Bye.