problem with sharekhan - a fraud case ?

raosrinivas · #11 30th August 2007, 09:41 PM

Quote:

Originally Posted by expertspeaks

I have been dealing with Sharekhan for quite a few years now. I have also opted for this 6000 advance brokerage scheme as this reduces my effective brokerage by 50% and they keep refunding the difference every month.

One can not cry for every penny you loose here, share market is full of risks and one has to understand that before jumping in it.

you have accepted it with full knowledge, they should let the customer know what the money is for and should take the amount only on consent, instead of just conning their way through innocent customers.

srini78 · #12 31st August 2007, 11:24 PM

Thank u expertspeaks ,

i admit sharemarket is full of risks

if we lsoe money in shares ,if traded by us ,its ok , but why should we pay more or lose money to brokers ?

i think,i made a apoint here to all here .

anyway ,the guy who mailed me this ,did not repond later ,dont know ,if its real case or just a gimmick by rival cos .

as far as i heard ,sharekhan are good ,from my friends .i also traded for my friend in sharekhan acc, no problem really ......

anyway ,iam with kotak for over 7 years intact .... to me ,they are more responsible , i mean customer service in kotak .

i opened religare with too , but till now not traded ,since i did not like their features /service after opening a/c

cheers ,
srinivasan

bangerabs · #13 3rd September 2007, 12:36 PM

Srini,

I too opened a/c. with Religare but find that s/w is ill and under treatment. Contract notes do not have scrip/trade/delivery sub totals and hence very difficult to know at what rates the scrips are bought or sold. Overall just below satisfactory. So far as Kotak is concerned, I hate that name due to my experience with their Housing Loan Unit.

varin11 · #14 20th October 2007, 09:11 PM

Sharekhan thinks they r premium brokerage house.There brokerage is high. so keep away from them

aijaz159 · #15 6th November 2007, 03:55 AM

Dear frends, the small investors must read the forms they sign, there are too many and too risky, we cant trust the brokers, may be an indiidual is creating problem not the broker, one has to have patience and bear risk in stock market. one of our friend said nice thing " One can not cry for every penny you loose here, share market is full of risks and one has to understand that before jumping in it."

su203 · #16 10th November 2007, 12:06 PM

Well I have been with ICICIDIRECT ever since they launched their on line trading services. I never had any problems with them except their high brokerage (0.75%) and slow system. In case of panic in the market, then just forget loggin in to their system. It is too slow. On regular normal trading days it is OK. Now since the last one year I am doing my major buying and selling activities through 5paise.com. I found their 5PTrader software really excellant and their delivery based brokerage of 0.25% much cheaper than what I used to pay to icicidirect. Making payments also no hassels as you can do instant transfer from your account whenever required. No need to keep lot of money on the trading account. You buy and later transfer from your bank account. It is as simple as that. I am really enjoying my experience with 5P.

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