Discount Broker Comparison
SAS and Procon these two companies are about to close their business very soon.
SAS has promised us that they will start commodities trading very soon, but after passing one year they are yet to start, commodities trading:rofl:
Same way India Procon is starting Equities trading for the last three years
Actually these companies don't have sufficient money to pay advance taxes required to be paid to exchanges, and can't start the same.
If you guys have doubt go and ask their Customer Care. Perhaps you may not get a proper reply of your queries because they don't have trained staffs.
SAS has promised us that they will start commodities trading very soon, but after passing one year they are yet to start, commodities trading:rofl:
Same way India Procon is starting Equities trading for the last three years
Actually these companies don't have sufficient money to pay advance taxes required to be paid to exchanges, and can't start the same.
If you guys have doubt go and ask their Customer Care. Perhaps you may not get a proper reply of your queries because they don't have trained staffs.
Do you know how long Zerodha and RKSV took before they launch their MCX ?
Hi
Thanks to bpr for this nice thread.
It alone provides lots of informations at one single place.:thumb:
I was trading (NSE-Futures) at reliance money & ICICI direct till now and now looking for best discount brokerage.
After reading all the posts in 54 pages of this thread in past few days I came to few conclusions-
-Zerodha/RKSV were having 1st mover's advantage in discount brokerage.
-Others came (SAS, TSO, Wisdom, Achiievers etc) or are coming with new facilities & further low brokerage to increase their customer base.
-Few of these may not sustain but others (company with transparency, promptness, pro-customer & honest behavior) will establish their name in the market like Zerodha did.
-If a new company is not providing all the trading segments- Commodity, currency or NSE or having small office doesn't mean it will not sustain. They have to keep recurring cost low till they get good customer base.
-If one small/big company is playing with customers money or dishonest or not listening to customer's grievances on time or do not care about customers facilities which its competitor are providing it will fail.
-In future any good company may stop its business of retail brokerage, like VPS did.
Finally I zeroed in SAS Online, Wisdom capital, RKSV.
SAS- Pros- Old Company (1995), Low brokerage, Low transaction cost
Cons- New in retail brokerage, absence on traderji
Wisdom Capital- Pros- Associated with Alice blue, Low brokerage & transaction cost, Nest trading platform, good margin support (to me
, report of failure of trading system once which was corrected soon and no recurrence of similar problem.
Cons- New Company, New in retail brokerage, good margin support (to all), not registered in exchanges.
RKSV- Pros- Old in retail brokerage, Lowest transaction cost, Nest trading platform.
Cons-Didn't experience its system in big market collapse till now, Little bit high per month brokerage.
Initially I excluded Wisdom capital because they were new in tread and were providing huge margin support which is prone to adverse market conditions. But when it became clear that they are associated with Alice blue for North India, I again considered it.
I'll initially start with SAS, then if I'm not satisfied with SAS and my per trade Lot size increases, I'll opt for WC. If any time I'll feel insecurity of my capital I'll go for RKSV.
Zerodha (Higher cost but established name), TSO (Older then RKSV & cost similar to RKSV but newer in discount brokerage), Achiivers (High transaction cost, No brokerage calculator on website but very low per month brokerage) were also good in some areas.
Thanks to bpr for this nice thread.
It alone provides lots of informations at one single place.:thumb:
I was trading (NSE-Futures) at reliance money & ICICI direct till now and now looking for best discount brokerage.
After reading all the posts in 54 pages of this thread in past few days I came to few conclusions
--Zerodha/RKSV were having 1st mover's advantage in discount brokerage.
-Others came (SAS, TSO, Wisdom, Achiievers etc) or are coming with new facilities & further low brokerage to increase their customer base.
-Few of these may not sustain but others (company with transparency, promptness, pro-customer & honest behavior) will establish their name in the market like Zerodha did.
-If a new company is not providing all the trading segments- Commodity, currency or NSE or having small office doesn't mean it will not sustain. They have to keep recurring cost low till they get good customer base.
-If one small/big company is playing with customers money or dishonest or not listening to customer's grievances on time or do not care about customers facilities which its competitor are providing it will fail.
-In future any good company may stop its business of retail brokerage, like VPS did.
Finally I zeroed in SAS Online, Wisdom capital, RKSV.
SAS- Pros- Old Company (1995), Low brokerage, Low transaction cost
Cons- New in retail brokerage, absence on traderji
Wisdom Capital- Pros- Associated with Alice blue, Low brokerage & transaction cost, Nest trading platform, good margin support (to me
, report of failure of trading system once which was corrected soon and no recurrence of similar problem.Cons- New Company, New in retail brokerage, good margin support (to all
), not registered in exchanges.RKSV- Pros- Old in retail brokerage, Lowest transaction cost, Nest trading platform.
Cons-Didn't experience its system in big market collapse till now, Little bit high per month brokerage.
Initially I excluded Wisdom capital because they were new in tread and were providing huge margin support which is prone to adverse market conditions. But when it became clear that they are associated with Alice blue for North India, I again considered it.
I'll initially start with SAS, then if I'm not satisfied with SAS and my per trade Lot size increases, I'll opt for WC. If any time I'll feel insecurity of my capital I'll go for RKSV.
Zerodha (Higher cost but established name), TSO (Older then RKSV & cost similar to RKSV but newer in discount brokerage), Achiivers (High transaction cost, No brokerage calculator on website but very low per month brokerage) were also good in some areas.
Last edited:
nothing beats Rksv in Phone support ....
Today i emailed wisdom Capital they sent me form and form was of alice blue
NOw i am having thought wait for 10K plan of alice blue or just go and open account .
For f and 0 i was in search of better broker that satisfy my requirement
It's good to have your money divided. i have account with both rksv and zerodha.
Love commodity in Rksv ..Hates No facility of buy Sl_M order in option in F and 0 .
Rksv is baby for commodity lol .. in shade of rksv u cann;t go overtrading hence protected.
i ain;t changing my commodity broker ever
For commodity More leverage = more risk and trust me u will loose if on wrong side .
Even great jesse livermore wasn;t able to combat in commodity.
Today i emailed wisdom Capital they sent me form and form was of alice blue
NOw i am having thought wait for 10K plan of alice blue or just go and open account .
For f and 0 i was in search of better broker that satisfy my requirement
It's good to have your money divided. i have account with both rksv and zerodha.
Love commodity in Rksv ..Hates No facility of buy Sl_M order in option in F and 0 .
Rksv is baby for commodity lol .. in shade of rksv u cann;t go overtrading hence protected.
i ain;t changing my commodity broker ever
For commodity More leverage = more risk and trust me u will loose if on wrong side .
Even great jesse livermore wasn;t able to combat in commodity.
Last edited:
Hi
Thanks to bpr for this nice thread.
It alone provides lots of informations at one single place.:thumb:
I was trading (NSE-Futures) at reliance money & ICICI direct till now and now looking for best discount brokerage.
After reading all the posts in 54 pages of this thread in past few days I came to few conclusions-
-Zerodha/RKSV were having 1st mover's advantage in discount brokerage.
-Others came (SAS, TSO, Wisdom, Achiievers etc) or are coming with new facilities & further low brokerage to increase their customer base.
-Few of these may not sustain but others (company with transparency, promptness, pro-customer & honest behavior) will establish their name in the market like Zerodha did.
-If a new company is not providing all the trading segments- Commodity, currency or NSE or having small office doesn't mean it will not sustain. They have to keep recurring cost low till they get good customer base.
-If one small/big company is playing with customers money or dishonest or not listening to customer's grievances on time or do not care about customers facilities which its competitor are providing it will fail.
-In future any good company may stop its business of retail brokerage, like VPS did.
Finally I zeroed in SAS Online, Wisdom capital, RKSV.
SAS- Pros- Old Company (1995), Low brokerage, Low transaction cost
Cons- New in retail brokerage, absence on traderji
Wisdom Capital- Pros- Associated with Alice blue, Low brokerage & transaction cost, Nest trading platform, good margin support (to me, report of failure of trading system once which was corrected soon and no recurrence of similar problem.
Cons- New Company, New in retail brokerage, good margin support (to all), not registered in exchanges.
RKSV- Pros- Old in retail brokerage, Lowest transaction cost, Nest trading platform.
Cons-Didn't experience its system in big market collapse till now, Little bit high per month brokerage.
Initially I excluded Wisdom capital because they were new in tread and were providing huge margin support which is prone to adverse market conditions. But when it became clear that they are associated with Alice blue for North India, I again considered it.
I'll initially start with SAS, then if I'm not satisfied with SAS and my per trade Lot size increases, I'll opt for WC. If any time I'll feel insecurity of my capital I'll go for RKSV.
Zerodha (Higher cost but established name), TSO (Older then RKSV & cost similar to RKSV but newer in discount brokerage), Achiivers (High transaction cost, No brokerage calculator on website but very low per month brokerage) were also good in some areas.
Thanks to bpr for this nice thread.
It alone provides lots of informations at one single place.:thumb:
I was trading (NSE-Futures) at reliance money & ICICI direct till now and now looking for best discount brokerage.
After reading all the posts in 54 pages of this thread in past few days I came to few conclusions
--Zerodha/RKSV were having 1st mover's advantage in discount brokerage.
-Others came (SAS, TSO, Wisdom, Achiievers etc) or are coming with new facilities & further low brokerage to increase their customer base.
-Few of these may not sustain but others (company with transparency, promptness, pro-customer & honest behavior) will establish their name in the market like Zerodha did.
-If a new company is not providing all the trading segments- Commodity, currency or NSE or having small office doesn't mean it will not sustain. They have to keep recurring cost low till they get good customer base.
-If one small/big company is playing with customers money or dishonest or not listening to customer's grievances on time or do not care about customers facilities which its competitor are providing it will fail.
-In future any good company may stop its business of retail brokerage, like VPS did.
Finally I zeroed in SAS Online, Wisdom capital, RKSV.
SAS- Pros- Old Company (1995), Low brokerage, Low transaction cost
Cons- New in retail brokerage, absence on traderji
Wisdom Capital- Pros- Associated with Alice blue, Low brokerage & transaction cost, Nest trading platform, good margin support (to me
, report of failure of trading system once which was corrected soon and no recurrence of similar problem.Cons- New Company, New in retail brokerage, good margin support (to all
), not registered in exchanges.RKSV- Pros- Old in retail brokerage, Lowest transaction cost, Nest trading platform.
Cons-Didn't experience its system in big market collapse till now, Little bit high per month brokerage.
Initially I excluded Wisdom capital because they were new in tread and were providing huge margin support which is prone to adverse market conditions. But when it became clear that they are associated with Alice blue for North India, I again considered it.
I'll initially start with SAS, then if I'm not satisfied with SAS and my per trade Lot size increases, I'll opt for WC. If any time I'll feel insecurity of my capital I'll go for RKSV.
Zerodha (Higher cost but established name), TSO (Older then RKSV & cost similar to RKSV but newer in discount brokerage), Achiivers (High transaction cost, No brokerage calculator on website but very low per month brokerage) were also good in some areas.
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