hi,
i am a nifty trader and had opened an account with R-trade almost 1 year back mainly attracted by their low brokerage. I came to know from a friend that the Rs 12 they charge can be withdrawn if you trade on the net by yourself and all i had to do was to cancel the mandate. I had a talk with the sub-broker who opened this account and he denied such a thing can be done. I decided to go their main office and sort things for myself.
it turns out that all i had to do was sign a few form and the mandate got canceled. I forgot my user id and password and they sorted that part as well.
i now trade with indiabulls for intraday and for positional trades and specially for trading options, i use r-trade. the brokerage is really low (about 85 paisa all inclusive )and the only annoyance is their site. It logs me off every 20 min or so. I have to rely on indiabulls PIB for live quotes. I use amibroker for TA and TDI as my RT data source.
if you want to trade in options then there is no alternative. Indiabulls charges me 1% of the premium or Rs 50 (which ever is higher) and that works out to Rs. 2.5. Definitely not suitable for my style of trading. On intraday, indiabulls charges me 0.02% and effectively my break even comes to 0.08% and the same trade in r-trade would cost me 0.05%.
The trading site is very bad and the only positive is low brokerage. but sometimes that is all that matters.
i am a nifty trader and had opened an account with R-trade almost 1 year back mainly attracted by their low brokerage. I came to know from a friend that the Rs 12 they charge can be withdrawn if you trade on the net by yourself and all i had to do was to cancel the mandate. I had a talk with the sub-broker who opened this account and he denied such a thing can be done. I decided to go their main office and sort things for myself.
it turns out that all i had to do was sign a few form and the mandate got canceled. I forgot my user id and password and they sorted that part as well.
i now trade with indiabulls for intraday and for positional trades and specially for trading options, i use r-trade. the brokerage is really low (about 85 paisa all inclusive )and the only annoyance is their site. It logs me off every 20 min or so. I have to rely on indiabulls PIB for live quotes. I use amibroker for TA and TDI as my RT data source.
if you want to trade in options then there is no alternative. Indiabulls charges me 1% of the premium or Rs 50 (which ever is higher) and that works out to Rs. 2.5. Definitely not suitable for my style of trading. On intraday, indiabulls charges me 0.02% and effectively my break even comes to 0.08% and the same trade in r-trade would cost me 0.05%.
The trading site is very bad and the only positive is low brokerage. but sometimes that is all that matters.
