Discount Broker Comparison

[Wisdom Capital]

BPR,

Please correct Stamp Duty charges in respect of Wisdom Capital. As it is being charged as per clients residential address.

You can check the values in brokerage calculator here https://wisdomcapital.in/brokerage-calculator/

 

[bpr]

BPR,

Please correct Stamp Duty charges in respect of Wisdom Capital. As it is being charged as per clients residential address.

You can check the values in brokerage calculator here https://wisdomcapital.in/brokerage-calculator/

what exactly changed ? it is already mentioned as per state-wise
Also the ANMI link which you have provided as clarification long back.
Can you give me a table of stamp duty based on various state ?
Also why Odisha state missing ??

 

[Wisdom Capital]

The states where online submission of Stamp Duty is available, being charged as per client's state of residence. Where online payment facility is not available we are charging as per company's registered office, i.e. UP.

Since you have marked Wisdom Capital in red as caution, it is unnecessary creating confusion among members and defaming us.

We were following ANMI suggestions initially couple of years back, but current policy in vogue is being followed for more than a year now.

Hope you understand our concern.

Regards
https://wisdomcapital.in

 

[bpr]

The states where online submission of Stamp Duty is available, being charged as per client's state of residence. Where online payment facility is not available we are charging as per company's registered office, i.e. UP.

Since you have marked Wisdom Capital in red as caution, it is unnecessary creating confusion among members and defaming us.

We were following ANMI suggestions initially couple of years back, but current policy in vogue is being followed for more than a year now.

Hope you understand our concern.

Regards
https://wisdomcapital.in

Can you give me a table with stamp duty for all states with your latest figures. Difficult to pull it from brokerage calculator.

 

[bpr]

IB platform does not work during muhurat trading...

 

[Shantala]

IB platform does not work during muhurat trading...

They do not follow Indian calendar.

 

[bpr]

No of active clients as of 31-MAR-2018

Zerodha 540905
RKSV 43889
Samco 29595
TSO 19469
SAS 11869
Wisdom(Ashlar) 3607
Prostock 2393
Finvasia 1998
Fyers 1827

Update

No of active clients as of 31-OCT-2018

Zerodha 789526
RKSV 70029
Samco 37628
TSO(vns fin) 21900
SAS 12645
Wisdom(Ashlar) 4641
Fyers 3341
Finvasia 2895
Prostock(sunlight) 2872
Composite 1595
IB 577

observation:
Fyers taken lead over Finvasia
Prostock fallen behind both Finvasia and Fyers
Zerodha is now second largest broker only behind ICICI(850k)

 

[TraderRavi]

Update

No of active clients as of 31-OCT-2018

Zerodha 789526
RKSV 70029
Samco 37628
TSO(vns fin) 21900
SAS 12645
Wisdom(Ashlar) 4641
Fyers 3341
Finvasia 2895
Prostock(sunlight) 2872
Composite 1595
IB 577

observation:
Fyers taken lead over Finvasia
Prostock fallen behind both Finvasia and Fyers
Zerodha is now second largest broker only behind ICICI(850k)

second one is kind of less than 10% . Zerodha soon be having 1 million customers.

 

[CougarTrader]

According to you which Discount Broker is most reliable for Day trading purposes (OMS/RMS wise and good Option Writing MIS margin wise)? Anybody using Trade Smart Online, Wisdom Capital or Finvasia daily or any other broker for over a year or two without any outage on useful volatile days, kindly share your experience.

Thank you.

 

[timepass]

Tradesmartonline is good, Rs. 15 flat brokerage is good for larger F&O contracts, 7 paisa scheme is good for smaller sized EQ trades. Never a problem with order execution, custcare is good, the ledger is updated before 7pm. The leverages are no less than the others (don't know about option writing etc). You can check here for futures leverages.

https://tradesmartonline.in/margin-calculator/equity-futures

I am using only their NEST, no idea about their mobile or any other application.