My first option trade was with HDFCsec. Their brok was 100 per LOT !
First ever Nifty option trade got me a Gross profit of about ~ 12,000 and brok + taxes turned out to be ~ 8,500.
So I called up my branch manager and asked him to reduce my brok, he said you have just made one trade. you need to give me more "turnover" and then we could consider reducing it to about 75 per LOT.
I thought, if I were in front of this guy, I would def "turn over" and give him darshan of my musharraf.
After I hung up, closed HDFCsec A/c, went straight to zerodhas website and opened an A/c with them.
Im surprised that with so many discount brokers around, you still choose to pay such massive brokerage ... !