best broker for intraday trading

[bajajdipesh]

Hi Guys,

I have trading a/c in hdfc sec. They are charging very high brokerages for nifty options. Around 200 rs/- per contract (buy+sell). Now, i am looking for opening another demat a/c with Reliance money. They are charging opening fees of 750 rs/- and on top of it 1000 rs top up package for turnover of 1 Cr. valid for 2 months which comes out to be 1 paisa.

Can anybody tell me how are the facility with Reliance money and whether I should open a/c with them or not? Also, is there any other best option.

 

[lazytrader]

RMoney usually have people who like it or hate it. Brokerage seems to be a big problem with RMoney. Some one who has experience will need to comment.

Many brokers provide Rs.50/lot in options.

 

[bajajdipesh]

Thanks lazytrader for the reply. Can you recommend good broker for trading in nifty options. I am looking for the broker who can provide least brokerage for the nifty f&o. TIA.

 

[lazytrader]

I think RKGlobal give Rs.9/lot and Religare Rs.50/lot and Rs.25 for high volume traders

 

[npriyank]

My self trading with R K GLOBAL last 2. years.
using only for trading ,for live charts using ICHARTS.IN

Hi Aabhi06, I would like to know whether this R.K.Global guys are good.I am an Nifty options trader & I trade in about 10 to 20 lots on a daily basis.What kind of brokerage do they charge on Nifty options & how is their service support system.
Do they charge Rs.25 per call if you were to call on a mobile to trade?I have heard that they are basically into online trading with no support system for the traders from Mumbai.Is that true?Please do respond.

 

[shrinjoy]

Hi, First post in this forum. Yayy!
@Lazy Trader
what do you mean by a "good" turnover/day to avail a intraday brokerage of .03% each side or is it both sides(B+S)?

Which broking firm should one suggest and at what brokerages for a turnover of 7-10 lakhs/day

 

[lazytrader]

Welcome to the forum...

.03% you can get without commitments.
for 7-10L/day would be 1.5-2cr/month right? I guess getting 0.01 - 0.015% is ok
You can go for RKGlobal Rs.9/trade in cash rs.9/lot in F&O flat. I don't think there's anything better out there in terms of brokerage.

 

[hhh]

East or west RK global is best!

 

[krk]

If I had to choose between ShareKhan and IndiaBulls which one should I go for and why.
Does ShareKhan had Problem with Latest Quotes being available? I read some post where LT had some Inputs do they still have the issue or is it sorted
Which one has the better customer Care?

 

[fais72]

i have used only Angel which i believe provides decent service.
I had approached Motilal Oswal but they were not keen on taking me as a customer.