Discount Broker Comparison

[timepass]

Which discount brokers offer better intraday leverage on index futures ? It seems to me that VNS offers less leverage as compared to RKSV.

Also, VNS offers less leverage on cover orders.

 

[bpr]

Which discount brokers offer better intraday leverage on index futures ? It seems to me that VNS offers less leverage as compared to RKSV.

Also, VNS offers less leverage on cover orders.

TP

I have added a row named CO order margin (in percentage wise) but don't have any concrete figure the margin varies from instrument to instrument
if you have concrete figures between brokers pls provide I will add them.

IMHO CO provide little bit more leverage but a lot of restriction MIS still rocks.

 

[bpr]

Added a rowfor SL-M order please provide data as to which broker provides which dose not I will add.

 

[RavishReport]

None other than Wisdom Capital provides maximum exposures in MIS 10X as well as in CO 20X for futures. With MIS you could trade Nifty in 3200/- and in CO it is 1600/- only. In cash segment MIS is 30X (for A group of stocks and FNO stocks)

Also Wisdom Capital is the only company providing 3X MIS exposures in Nifty Options.

They have further reduced their Freedom Plan to 999/- pm from 1111/- pm.
If you are not trading with them you are missing something.

You missed important point Wisdom Capital is the only discount sub-broker Not Registered With NSE, Unregistered Sub-brokers can only provide more exposure as are out of regulation & such illegal offerings always ends costly.

 

[tradejee]

Try considering Composite too. Their price may not be lowest at Rs.18 per trade. I recently opened an account with them. Their response to email queries is instantaneous. They use NOW platform (don't know if they offer NEST too as I am on Apple Mac and so have not downloaded any software and use only web based trading).

Thanx LV for your suggestion. Composite Edge is good company. I was considering it. It provides support for algo trade also.

Actually my per trade lot size will be low but number of trades will be very high, so INR18/- per trade will become costlier for me in the end.

Had there been per month scheme available I would've opted C'Edge for there algo trade facility.

 

[tradejee]

You missed important point Wisdom Capital is the only discount sub-broker Not Registered With NSE, Unregistered Sub-brokers can only provide more exposure as are out of regulation & such illegal offerings always ends costly.

What I came to know, probably through some post in this thread only, WC send application form of Alice Blue during account opening process (not sure although). AB is registered broker. Will this not save a customer if something bad happens?

I'm still doing homework:fatigue: to take final decision among SAS, WC, RKSV.

 

[tradejee]

@bpr
Thanks again for your help via this thread.
I'm now near to take some final decision.
I respect your decision about not to include any sub-broker in your chart.

I don't want to ask you to include WC in your chart. But every time you come up with new parameter (like SL-M recently) I've to do more work to email WC and asking whether they are providing it or not.

I'm still confused about WC (being sub-broker of Alice Blue).
Please guide me what harm can happen if something bad happens with WC, Will Alice Blue will not be of any help in that condition? If WC is providing AB account opening form then will it be in customer's favor or against?

 

[SuperSaiyan]

Added a rowfor SL-M order please provide data as to which broker provides which dose not I will add.

Zerodha provies SL_M for buy option F and 0 i.e (You want to buy option when specific price is crossed).
Rksv doesn;t .. mad:

in Zerodha i use to pay 7K+ a month brokerage lol in rksv i am limited to 1958 for F & 0

Please guide me what harm can happen if something bad happens with WC, Will Alice Blue will not be of any help in that condition?

I prefer keeping my hard earned cash in at least Registered in NSE Broker rather then going to Unregistered Sub-brokers
Here u are linked to Alice blu Via WC .. so in case WC does horrors in trade lol then u are in sinking ship made of paper. .. My thinking is wait and watch if they manage to survive like 2-3 years then one can go .usualy small broker die in less then a year.
Whenever i think of WC i remember VPS lol it was good while it lasted Not gone a make same mistake twice

Vps closed online segment tho it was registered i miss R.s 10 a lot lol
so let see if WC manages to stay or not Time will Tell

 

[bpr]

None other than Wisdom Capital provides maximum exposures in MIS 10X as well as in CO 20X for futures. With MIS you could trade Nifty in 3200/- and in CO it is 1600/- only. In cash segment MIS is 30X (for A group of stocks and FNO stocks)

Also Wisdom Capital is the only company providing 3X MIS exposures in Nifty Options.

They have further reduced their Freedom Plan to 999/- pm from 1111/- pm.
If you are not trading with them you are missing something.

interesting decreased the freedom plan to 999 and increased the freedom pro plan to 2999.

 

[bpr]

@bpr
Thanks again for your help via this thread.
I'm now near to take some final decision.
I respect your decision about not to include any sub-broker in your chart.

I don't want to ask you to include WC in your chart. But every time you come up with new parameter (like SL-M recently) I've to do more work to email WC and asking whether they are providing it or not.

I'm still confused about WC (being sub-broker of Alice Blue).
Please guide me what harm can happen if something bad happens with WC, Will Alice Blue will not be of any help in that condition? If WC is providing AB account opening form then will it be in customer's favor or against?

I think it is a positive as you are opening the account with AB.
Also lot of people using the the word sub-broker for WC which is not correct.
I have clarified here.
http://www.traderji.com/brokers-tra...iscount-broker-comparision-44.html#post905375
Some said that it is a master franchise if it is then we need to know the details of the agreement between AB and WC.
Who takes the liability in case of any issues.Those are grey areas and WC should clear the stand on their business model.