1 Paisa per executed Order Trading a/c ?

[knarendra]

Anybody using the broker firm? I need your feed back pl.

https://www.actionfin.com/Product-Services.aspx.

 

[Sudip67]

Hearing for the first time. But what's the catch? There are other brokers around who are offering 1 paisa / 10 paisa account.

 

[Sudip67]

Oops! I found it. They are saying that they will charge 1 paisa per executed order irrespective of the contract amount! The scheme is sounding very similar to what is being offered by Zerodha. However Zerodha is charging much higher in comparison to these. Just one thought crossed my mind, with 1 paisa per trade how will they maintain their establishment! Is there anything else in fine print?

 

[chilgu]

are charitable institutes entered into broking sector ?

 

[TraderRavi]

there must be some catch here, may be in DP charges or annual turnover limit seems fishy.....

 

[soft_trader]

there must be some catch here, may be in DP charges or annual turnover limit seems fishy.....

Yes Ravi bro, there is a catch.

For this plan they are charging 1200 as AMC along with INR 50K as refundable security deposit.

IMO, Better to stay away from such brokers