Info from FLAT TRADE:
Pros:
1. ZERO Brokerage ( incl intra / F&O etc ), 0 Demat+AMC, inr. 400 account opening charges
2. Free API access - no charges
3. MTF - Margin Funding : only for Cash mkt-Equity ( NO derivatives ) upto limit of 2.5X account value and 12% p.a interest calculated daily includes taxes.
4. Same day pledge / unpledge ( done via Email )
5. Desktop and mobile app. No info about web-based
Charges are clear on their website
Cons:
1. No Mutual Funds, therefore no buying, pledging etc ( said maybe in future )
2. No CDSL Easiest, only physical DIS (hardcopy)
3. small footprint/regional presence so not sure about infra capacity, scaling up etc
Review:
Chose NOT to open A/C but has the traditional broker feel to it. Good for those who want MTF and 0 brokerage for scalping / auto or algo trade testing / options gambling
Pros:
1. ZERO Brokerage ( incl intra / F&O etc ), 0 Demat+AMC, inr. 400 account opening charges
2. Free API access - no charges
3. MTF - Margin Funding : only for Cash mkt-Equity ( NO derivatives ) upto limit of 2.5X account value and 12% p.a interest calculated daily includes taxes.
4. Same day pledge / unpledge ( done via Email )
5. Desktop and mobile app. No info about web-based
Charges are clear on their website
Cons:
1. No Mutual Funds, therefore no buying, pledging etc ( said maybe in future )
2. No CDSL Easiest, only physical DIS (hardcopy)
3. small footprint/regional presence so not sure about infra capacity, scaling up etc
Review:
Chose NOT to open A/C but has the traditional broker feel to it. Good for those who want MTF and 0 brokerage for scalping / auto or algo trade testing / options gambling