Confused - Sharekhan vs Icicidirect vs Hdfc vs Kotak vs Indiabulls vs 5paise

[kaly422000]

opening account charge rs 750/(forget about it). amc 441 .. if u want to avoid opening account charge , at least 25000/ required for account opening.
now query about the technical and various other thing . no one can give u perfect news. this is one branch office of sharekhan, opened next door.just like bsnl broadband

 

[ajshare108]

while negotiating brokrag, ask them for brokrage on turnover basis and no minimum brokrage. in todays competitive envoirment you may get this deal.

 

[respectinvestor]

Kotak is definitely among the better ones. I have been using it for last 8 months.I am very very satisfied with their Keat Pro x which gives real time streaming quotes and I have been able to download and install it at internet cafes without much of a hassle.Only issue somewhat is their brokerage charges. They charge very high transaction fees in intra-day cash segment-.01%in Transaction charges and .01% in stamp duty. when asked about these charges which should be .0035% and .002% they do not give a logical answer...so even when they say we are going to charge you 2 paisa ..2 paisa extra you pay in other charges which should be .55 paisa .Otherwise their trading platform is good customer care people courteous to say the least even though they may not be able to solve your problem....basically what I like about them is that it is a system driven..one gets instant SMS as soon as a trade is executed....overall good value..

 

[eciarng]

Hi,

can someone please advise me if there is any broker whose trading platform allows one to place orders for FUTURES N OPTIONS before market opens like one can do for equity.

I am outside the office most of the day and cannot trade during market hours, this limits my trading to equity only. I don't like to place orders thru call n trade as the traders many times confuse you. thanks

 

[Satha]

Hi,
I'm trading with Axis direct, since Axis bank's 3in1 a/c is comfortable for me. They are charging .5 for trading in cash, equity, delivery basis, which is expensive for a small trader like me. I have no clue about their hidden charges, if any.
All of a sudden, today morning on a trading day, when I opened their trading platform "Axisdirect swift trade", it says that it should be subscribed. No earlier intimation also. When I contacted their concerned person, he says they have started charging for the trading platform.
I'm planning to shift my trading and demat account. Pls suggest a good brokerage firm in Chennai which charges a lesser rate for small traders like me. How about Indiabulls? How about their branch in Chennai ? Indiabulls trading platform looks great. Kindly senior people answer. I tried researching about brokerage firms online and ended up confused. There seems to be complaints about many brokerages. Atthe least, I need one which will not give big headaches and tensions, so that one can concentrate on trading.
Regards,
Satha.

 

[avkamath]

Dear Sunandoghosh,
I am using India bulls trading facility. I find it is very easy to handle the interface and the brokerage is also very competitive. Their interface which runs on Java is very fast even in slow connections also. If you want any other information regarding Indiabulls you can ask me.
Thank you
gvnarendra

I have stopped trading with india bulls and started trading with Traderacer of ICICI Direct. In the afternoon both the softwares are not showing realtime prices. Even I lost money due to this Probem. To verify this use WEB based platform of ICICI direct and click "qoutes" you will get the realtime price, which is faster than the Indiabulls or Traderacer, which you can campare with the software quotes and you will find differences. Always check the quotes by using this method. With these expereiences, I feel, all the softwares are not worth to do day trading. See the forex trading platform of Metatrade to understand what is trading platform. If you use a perticular platform only you will not come to know this problem

Thanks and regards
A V Kamath

 

[IRFAN A NAZMI]

why dont u go for ZERODHA

 

[siddhesh.sawant]

First time invester, chosen sharekhan. I seldom do the transactions, I am more of a buy and hold kind of person, and invest mostly in MF. UI is quite user friendly and simple. Happy with SK trading.

 

[siddhesh.sawant]

ICICIDIRECT (icicidirect.com) This is the part of Indias largest private bank ICICI bank.

Benefit of trading account with ICICIDIRECT
This account allows Cash Trading, Margin Trading, Spot Trading, MarginPLUS Trading Buy Today Sell Tomorrow and Call and Trade on phone in both NSE and BSE.
Investment in Mutual Funds and bonds online through your trading account with ICICIDIRECT.
You can make order at any time (Beyond market hour)
Money will not be debited directly from your saving account on trading.
Disadvantage-
Effective Brokerage per leg for squared off trades = 0.375% ( Less than Rs. 10,00,000/- (Rs. 10 lacs)
The brokerage involved is very high ( 0.75% ) ( Motilal Oswal brokerage is very less just .2% for delivery). You can not do day trading as a result. Also, the options are less flexible. If you go for intra day trading and the stock price falls, you cant take the delivery and have to sell at lower price. If you go for buy today sell tomorrow feature, you cant sell the same day. and the high brokerages eat away your profit.
Also whenever there is huge volatility in the market, the site stops working most of the time.
I would suggest not to go for ICICIDirect as these people charges hell lot of brokerage as compared to other brokers. Moreover, sometimes in intraday trades they square off your positions before 3:00 pm and sometimes they accidentally keep it open and settle it on next day. I think you can think of Kotak securities.
If you are going to invest for long term then choose ICICIDirect as its safe and secure except for high brokerage and if you are going to day trade then forget about ICICI.

ShareKhan (sharekhan.com)


Generally sharekhan charges 3 paise on intraday excluding taxes and after including taxes it comes out 5 paise. On delivery 30 paise excluding taxes and 48 paise including taxes.
ShareKhan provide online trading password through classic account, fast trade and speed trade. Out of these Classic and Fast Trade is free and they provide user id and password for these without any extra cost. Have you got it. And for Speed Trade they charge extra in the form of brokerage.
Sharkhan peple offering a brokerage model of 0.25 n 0.025% (yes, it is variable ) with an account opening charges of rs. 49/- only with an amc of 300/, operate by both online and phone.
sharekhan interface is quite complicated
sharekhan is good except customer care.


IndiaInfoline
Best for very small investors, terminal is too fast, as well as they offer 6th time exposure of your holding, no need to cash balance in your account.
There is no customer care number of indiainfoline where a person can call and tell his problem. The customer care number on the website is useless. When you call at that number, it says you are in queue number X you keep on holding to that call and after five minutes of repeating the message it says you are in queue number X-1″ !!!
Trading software is very easy to operate
toll free no- 66489000
one people said- Im satisfied with the software and service of indiainfoline, Ive been recommending this to everyone who asks about brokerage houses to me.


Indiabulls
Good for demat and trading charges. They have shown me a tariff of rs.1650 (one-time fee) for online trading account and demat charges and no AMCs.
deilvery-50 p and Intra-5p.
I heard some rumors that indiabulls doesnt allow buying IPOs
they provides ODIN software that is very good for online trading
both offline and online perspectives it can serve you quite well.
still another choice can be kotak
[All the above information may not be correct as it was taken from source like forums]. If any one want to correct it or want to add something please comment here.

 

[hayerpa]

im trading with kotak these dayz but their chart for technical analysis is not good so im switching to sharekhan .
well these dayz share khan is opening new acc free of cost so any one wants to open it u can call them