IB means Interactive bro? They do have options. Recently there r news about some broking not able to process payout in timely manner.. By reliability i mean these issues more than day to day glitches which is also important....
Yes, Interactive Brokers. They are probably one of the biggest broker in the world even if Indian share is low. And now they have discount brokerage too + free api. ST has mentioned many times that they are very reliable in execution. I actually want to trade with them in future once i start trading futures. Seems no brainer for trading Nifty.
Payout issue - News was for karvy
Downside is that levrage is lower ( so lower risk on broker too) and they are not viable for stocks cash and even pharma futures. And every 3 months they send back money due to stupid SEBI rule that they rigidly follow without any workaround. Last one is the most annoying and so probably need a backup broker. Also they will charge min 200 + gst per month if there is no activity.
Good to have two brokers anyway .. My plan is to trade Nifty with them and stocks cash with another broker.
Looking for recommendations too. Right now i am trading with finvasia ( no issues + NOW) but will need to reconsider what to use with larger capital, was thinking RKSV but fyers now have free api.