Angel broking: Cheap brokerage and excellent service.

[kdhrubo]

I placed my first order with Shriram today.
Shriram charges flat 390 for account opening no refund. They do not have AMC. No contract note charges if you take it in email. If you do a fund transfer they send an email acknowledgement unlike Angel. IIFL used to do this before not now.I will let you know the charge details of Shriram if my order executes. But their web system is very neat. Changing password is done online and very quick. They re-validate the password cleverly.
So far Shriram is good. They do not have minimum brokerage charge for online traders. The online web system is pretty neat for experienced guys like us.I used the online system from PRABHUDAS. It is an hazard. Especially I had tons of problems locating HUL.

 

[magnet]

Same thing happened to me as well. They are lousy in using the cancelled cheque to link the bank account. If your NEFT/RTGS is enabled then in the backoffice application you will see only that radio is selected with the proper account number. I had to give another cancelled cheque to do that. So you need to do that. If you think your branch is worthless. You directly send a scanned copy of the cancelled cheque to their Mumbai office by email. All details are there in the backoffice fund transfer page.

Can you upload a screenshot of same.

Also in pay out details its still angel broking.So does it mean they still haven't linked it?

I did scanned a canceled cheque but their id [email protected] doesnt work or fails.

I have posted a querry their on 7th in back office but stuill no reply.For every reason they say go and contact branch where when i go its like we have done it you'll get in after few days and than still no reply.

I am fed up with this branch.Also i only opened with angel thinking they allow in commodities and nsel instrument but this branch say they only trade in bse /nse.

I am really heart broken with the branch service.This branch is just 2 mins walk from my place whereas the other branch nearer is 12 kms away.

 

[kdhrubo]

Can you upload a screenshot of same.

Also in pay out details its syill angel broking.So does it mean they still havent linked it?

Yes still not linked for you.

 

[kdhrubo]

Shriram Update


I had taken them on good faith. They have repayed by setting my brokerage as 50p. This is why I tell all of you to write the brokerage before signing. OK luckily I had done some small trades only. I called them the guys are very polite (sugar coated? no I guess!). They told me that this will be done by Saturday as the person who approves special brokerage is out of station. They called him in front of me and he said that the extra charges will be reversed. On this assurance I have placed another small order today.

BTW their trading screen is very neat and gives you just minimal what you need.
But the account management screen is pathetic and it takes some time to figure it out.

 

[kdhrubo]

Angel Update

Today I had some new problems with Angel.
I had moved all my scrips to demat and there was none in pool
Now my ledger balance in BSE segment was about 2k.
Now as soon as I placed order, it was cancelled.
So I called up and came to know that margin was not there. But I told them couple of minutes back I had transferred sufficicient fund to buy.
So once I gave them the payment reference no, they did open the account in 2 minutes.

Lesson - transfer money overnight if possible else you will have to call them or trade next day to adjust margin

Note - IIFL margin is adjust within seconds of fund transfer. Same of PRABHUDAS. Needeless to say it about HDFC SEC

 

[magnet]

Shriram Update


This is why I tell all of you to write the brokerage before signing.

On what plain paper??

 

[kdhrubo]

on the brokerage form, there is a place to write down the brokerage.
if you do not fill it brokers do it afterwards and put anything they want.

 

[sadiq]

I bought one option in angel . i dont know how to close the position. any help please

 

[magnet]

Double post

 

[magnet]

I wish to close my account with angel as its almost a month and i still am not getting proper reply when online trading activation will be done and why still after giving cancelled cheque payout account details not changed to bank from angel.(four days back they told within evening ill receive the password but its still not done)

Also the branch with whom i m dealing only take cares of bse nse and futures stuff.No commodities and nsel which i want all under one roof including currency trading.

In start facing so much trouble god knows when activation done what will happen.

Also all other brokers give free 1st year on amc.Whereas they charged and still no activation of account seen.I loose alot of opportunity to trade because of this.

Now want to know i have coal india ipo shares and might also get power grid shares in my account.

I only have access to back office.

Want to know what are the formalities to shift these shares to another dp where i open my account.

After that ill take care of account closure.

Urgent help needed as i dont want to loose for further future opportunities .