I hope I'm not breaking any forum-rules by creating this thread but it looks like Interactive Brokers has finally decided to go toe-to-toe with Indian discount-brokers & have capped their brokerage at the standard Rs.20/- max. Can anyone, who is already trading with them, confirm this? If so, this could potentially be a game-changer for a lot of Indian traders. Are their Futures margin-requirements in line with at least MIS margins offered by Indian discount brokers? The last time I'd checked (several months ago), it looked like they charged very high Future margins even for intraday trades but now, it looks like they're going to charge 50% of SPAN margin for intraday but again, it'd be great if someone, who's already trading with them, confirmed this before I consider opening an account with them (since I believe they're very paper-work intensive in their procedures & take a lot of time to open accounts).