hello and namaste all
i am a new user on the site.
i have been using ICICIdirect.com for around 3 months now, and i am kinda getting frustrated with it because of its high brokerage, slow execution and unavailability of streaming quotes. it is obvious that the interface is good for an investor (the brokerage has been reduced now a bit), and good for MFs and stuff, but simply not for trading!
i checked out the indiabulls site for power indiabulls, and also the 5paisa.com site... i kinda glanced at sharekhan too.. but since these websites dont list the complete features and u have to contact one of their representatives to get more info, I was wondering if ppl who use these sites can tell me a bit about them?
obviously, i am kinda in favor of 5paisa.com because they claim that they charge 0.05% brokerage, which sounds cool as i pay double of that on icici. indiabulls has 0.1% which is the same as icici, but their software for power indiabulls really impressed me. since i have been with icici, i dont know how the payment gateway system works. so can please some of u answer a few of my questions?
1. i read somewhere in this forum that 5paisa.com has a software fee of around 700 rupees per month. is it true? if it is, i think it is a lot. if it is one time, its fine for me. how about power indiabulls? are there any minimum brokerage requirements? what are the fees for account otherwise?
2. does 5paisa.com have a cool real time software like indiabulls?
3. do either of these allow to place trade before the exchange opens? on icici i can never place the trade before around 10:02 and mostly i do miss some opportunity by that... like yesterday i missed around 1% increase in Infosys just because of this crap...
4. ok, finally.. how does this payment gateway thing work? and also how abt the demat account? so since i have a icicidirect.com account, i have a bank account with them and also a demat account. so lets say i start trading with lets say 5paisa.com (is indiabulls any different btw?).. so can i directly deposit my money through the payment gateway? how long does it take to transfer the money? can i do it like at 9 am when i wanna start trading at 9:50? and how about withdrawing money into my icici account? how long does that take?
and abt demat.. how long does it take to transfer stocks? so in case i buy a stock today and wanna sell it day after, since prolly till then it cannot be into my demat account, does it still allow me to sell it?
if you guys can answer these questions, i will be really grateful...
keep up the good work..
thanks a ton
abhinav
i am a new user on the site.
i have been using ICICIdirect.com for around 3 months now, and i am kinda getting frustrated with it because of its high brokerage, slow execution and unavailability of streaming quotes. it is obvious that the interface is good for an investor (the brokerage has been reduced now a bit), and good for MFs and stuff, but simply not for trading!
i checked out the indiabulls site for power indiabulls, and also the 5paisa.com site... i kinda glanced at sharekhan too.. but since these websites dont list the complete features and u have to contact one of their representatives to get more info, I was wondering if ppl who use these sites can tell me a bit about them?
obviously, i am kinda in favor of 5paisa.com because they claim that they charge 0.05% brokerage, which sounds cool as i pay double of that on icici. indiabulls has 0.1% which is the same as icici, but their software for power indiabulls really impressed me. since i have been with icici, i dont know how the payment gateway system works. so can please some of u answer a few of my questions?
1. i read somewhere in this forum that 5paisa.com has a software fee of around 700 rupees per month. is it true? if it is, i think it is a lot. if it is one time, its fine for me. how about power indiabulls? are there any minimum brokerage requirements? what are the fees for account otherwise?
2. does 5paisa.com have a cool real time software like indiabulls?
3. do either of these allow to place trade before the exchange opens? on icici i can never place the trade before around 10:02 and mostly i do miss some opportunity by that... like yesterday i missed around 1% increase in Infosys just because of this crap...
4. ok, finally.. how does this payment gateway thing work? and also how abt the demat account? so since i have a icicidirect.com account, i have a bank account with them and also a demat account. so lets say i start trading with lets say 5paisa.com (is indiabulls any different btw?).. so can i directly deposit my money through the payment gateway? how long does it take to transfer the money? can i do it like at 9 am when i wanna start trading at 9:50? and how about withdrawing money into my icici account? how long does that take?
and abt demat.. how long does it take to transfer stocks? so in case i buy a stock today and wanna sell it day after, since prolly till then it cannot be into my demat account, does it still allow me to sell it?
if you guys can answer these questions, i will be really grateful...
keep up the good work..
thanks a ton
abhinav