ICICIDIRECT advance against Stock

[stocksplacement]

Hi,

Anyone using ICICIDirect.com and have availed there offer 50% funds against Securities Pledge. Please advise.

How it works and how much interest they charge on a daily basis.

Regards,

 

[Nihilistic]

They are ******* (fill in any number of gross adjectives you want), please don't use ICICIDirect. I got bankrupt trading with them. Their brokerages would swallow any profits you make in the market and would eat away your capital too. They are horrible, horrible people!

 

[rajeabc]

Hi,

Anyone using ICICIDirect.com and have availed there offer 50% funds against Securities Pledge. Please advise.

How it works and how much interest they charge on a daily basis.

Regards,

Recently they have launched another service (pledging your share and get upto 80% margin)..check it.. They are saying no Interest but they are charging some upfront fee..

 

[stocksplacement]

Recently they have launched another service (pledging your share and get upto 80% margin)..check it.. They are saying no Interest but they are charging some upfront fee..

Thanks, does anyone know how much they charge?