ProStocks - Unlimited Trading Plan and Flat Fee Plan

#42
1. When you give 1 x on sbi means you dont collect margin but full amount for intraday same like delivery. Kindly understand.
2.your post suggests you are also likely to do the same.
3. Unless someone provides superb api or some exceptional auto ordering facility or superior margin its difficult to beat finvasia with costs. Their services are good for a full time trader
We provide 7 times on most shares where exchange Var Plus ELM is around 12.50 percent. We will continue to follow this policy. We will continue to offer as long as this does not violate upfront margin collection regulation.

3. Unless someone provides superb api or some exceptional auto ordering facility or superior margin its difficult to beat finvasia with costs. Their services are good for a full time trader

We are going to provide API soon.
 
#47
Hi @S P Toshniwal ! I've been reading through your thread and was rather amazed by some of the revelations you made

PCM Fees. Such fees cannot be recovered from client however Stock Broker are adding in clearing charges or taking as turnover charges, which is illegal. Who ever complaint to NSE, got refund along with interest.
interesting to know but why would the exchanges turn a blind eye to this when all fees are usually listed on every brokers website which is audited by exchanges plus the clearing charges are clearly ( no pun intended) mentioned. generally curios
 
#48
Hi @S P Toshniwal ! I've been reading through your thread and was rather amazed by some of the revelations you made



interesting to know but why would the exchanges turn a blind eye to this when all fees are usually listed on every brokers website which is audited by exchanges plus the clearing charges are clearly ( no pun intended) mentioned. generally curios
Please read my Blog on Overcharging ‘Exchange Transaction Fee’ by Many Brokers in India . This is detailed.

Keep one simple calculation in mind. Anything which is not regulated either by SEBI or Exchanges cannot be charged to client in Contract Note. PCM Fees is not regulated either by CC or SEBI. There is no upper limit for paying PCM fees. Even told to client transparently and even after taking written consent , cannot be charged in Contract Note. Stock Broker can have separate bilateral agreement with client and can charge to client in ledger by issuing separate bill but not in Contract Note. There are set of Rules for Contract Note like format , What can come, what cannot come etc.

There are so many client who has taken refund along with interest. There is one large Stock Broker from south became self clearing from PCM to avoid this risk for past collection.

There are so many thing which are ignored for one reason or the other. There are Stock Broker who are giving 100 times leverage in FNO, Do you fell they are using there own money? Which Stock Broker will put his own Rs 99 lakhs when client bring just Rs 1 Lakh ?

There are Stock Broker who are monthly plan of Rs 99 but PCM fees which may be even 10 times of what actually required to be paid.
 
#49