best broker for intraday trading

Hi Guys,

I have trading a/c in hdfc sec. They are charging very high brokerages for nifty options. Around 200 rs/- per contract (buy+sell). Now, i am looking for opening another demat a/c with Reliance money. They are charging opening fees of 750 rs/- and on top of it 1000 rs top up package for turnover of 1 Cr. valid for 2 months which comes out to be 1 paisa.

Can anybody tell me how are the facility with Reliance money and whether I should open a/c with them or not? Also, is there any other best option.

RMoney usually have people who like it or hate it. Brokerage seems to be a big problem with RMoney. Some one who has experience will need to comment.

Many brokers provide Rs.50/lot in options.

Thanks lazytrader for the reply. Can you recommend good broker for trading in nifty options. I am looking for the broker who can provide least brokerage for the nifty f&o. TIA.

I think RKGlobal give Rs.9/lot and Religare Rs.50/lot and Rs.25 for high volume traders

Hi Aabhi06, I would like to know whether this R.K.Global guys are good.I am an Nifty options trader & I trade in about 10 to 20 lots on a daily basis.What kind of brokerage do they charge on Nifty options & how is their service support system.
Do they charge Rs.25 per call if you were to call on a mobile to trade?I have heard that they are basically into online trading with no support system for the traders from Mumbai.Is that true?Please do respond.

Hi, First post in this forum. Yayy!
@Lazy Trader
what do you mean by a "good" turnover/day to avail a intraday brokerage of .03% each side or is it both sides(B+S)?

Which broking firm should one suggest and at what brokerages for a turnover of 7-10 lakhs/day

Welcome to the forum...

.03% you can get without commitments.
for 7-10L/day would be 1.5-2cr/month right? I guess getting 0.01 - 0.015% is ok
You can go for RKGlobal Rs.9/trade in cash rs.9/lot in F&O flat. I don't think there's anything better out there in terms of brokerage.

East or west RK global is best!

If I had to choose between ShareKhan and IndiaBulls which one should I go for and why.
Does ShareKhan had Problem with Latest Quotes being available? I read some post where LT had some Inputs do they still have the issue or is it sorted
Which one has the better customer Care?

i have used only Angel which i believe provides decent service.
I had approached Motilal Oswal but they were not keen on taking me as a customer.