Discount Broker Comparison

[bpr]

https://www.youtube.com/watch?v=aq1Ln1UCoEU
Money & Speed: Inside the Black Box

 

[test123]

Even if WC closes its shop in near future, client will still be in profit
RKSV is charging 3999/- for one month with 4X limit.
Achievers are charging 5385/- for 6 Months with 2x
WC is charging 5555/- for one year with 5X.
So even if it gets closed after six months you will be a gainer:lol:

who wants limits lol more the limit soon you will go home and close business after loosing all lol.
question is of reliability and cheap brokerage :clap:

 

[RavishReport]

All be cautious this thread is spammer thread for UNREGISTERED franchisee wisdom capital of aliceblue to trap the innocent traders.The owner real operation is from Nariana Village Delhi n one can visit there to know the reality.will give complete address soon.

 

[Anirban Dharitiputra]

who wants limits lol more the limit soon you will go home and close business after loosing all lol.
question is of reliability and cheap brokerage :clap:

All be cautious this thread is spammer thread for UNREGISTERED franchisee wisdom capital of aliceblue to trap the innocent traders.The owner real operation is from Nariana Village Delhi n one can visit there to know the reality.will give complete address soon.

Mr Ravish & team,

Wisdom Capital is in a process of acquiring own membership or mearging with some Delhi based broker. Needless to say this company is having their own DP.

Once everything will be in place (registration etc) you will be knowing all these facts in exchange itself.

They have enough credentials to counter attack your company not by the meaning of defamation as scolded by you guys, but they are going to reduce Brokerage to 999/- pm, 9/Order.

In addition to this they gonna offer Free DP for lifetime/Free account opening charges/Algo Trading/option of choosing free trading terminal from NSE NOW/Nest/ODIN, least stamp duties as per Gurgaon as default.

Go and tell your boss to plan to have some counter measures to save your business, instead defaming others.

You may argue that I am an associate of WC, but you may complain to moderators here and ask for my ip address and location.

How do I know the inside of WC? They approached me for purchasing a membership which our family owns for family business. Hope you understand, since you are a over-smart guy

warm regards
Anirban
A successful Trader
Salt Lake, Kolkata

 

[Anirban Dharitiputra]

who wants limits lol more the limit soon you will go home and close business after loosing all lol.
question is of reliability and cheap brokerage :clap:

Yes!!! Margin does favour to a great extent if your Trading strategies are sound enough. If your system doesn't have enough speed & edge you gonna loose your money. Its like " A bomb is merciful than that of a bayonet"

I can prove it, but to whom and why Mr spammer:rofl:

 

[bpr]

Zerodha launched bracket order. First to market ....

 

[TraderRK]

Zerodha launched bracket order. First to market ....

Bracket Order and Trailing stoploss was long before introduced by sharekhan, may be in discount broker -Zerodha might be the first.
Here are few links of sharekhan which will help to understand better about them, with audio.
http://www.sharekhan.com/tradetigernew/bracket/bracket_order.html
http://www.sharekhan.com/tradetigernew/tsl/trailing_SL.html

 

[TradeRaid]

Bracket Order and Trailing stoploss was long before introduced by sharekhan, may be in discount broker -Zerodha might be the first.
Here are few links of sharekhan which will help to understand better about them, with audio.
http://www.sharekhan.com/tradetigernew/bracket/bracket_order.html
http://www.sharekhan.com/tradetigernew/tsl/trailing_SL.html

Sharekhan was providing only for equity, which was of no use in the true sense..Zerodha has started for F&O also..

 

[niranjan]

Critical Analysis
Initially RKSV said the 1947 plan is gone no longer available for new customer but latter changed their tone. Even though they will not openly market it anymore .This shows indecision which is always bad. Which equates to lack of confidence in their pro and ultimate plan.
I have renamed the column of RKSV to dream plan as it looks like it will be their main stream plan going forward. It is hard to stomach that any body will pay 4k per month for trading. for somebody who will shell out 4k per brokerage and they have to make may be 30 to 50 k profit per month to justify the price that means very huge account size 10 lakh and above so obviously the target audience becomes very far from the average joe retail trader.
The difference between PRO plan,ultimate plan and dream plan is intraday leverage that to very little which hardly justifies the price point.
Also another contradiction is the more bigger the trading account the less useful the extra leverage. A bigger account guy will hardly utlize the full intraday leverage think about it.

And again the Ultimate plans is 10k per month where as WC is providing 10k for lifetime unlimited plans(per segment). if such is the case then we need a lot of differentiating factors to justify the price.

if the plans are designed to offer more features which are not ready now may be then it was not the right time to launch such plans.

Coming to the Dream plan RKSV served a Ace(almost) and Zerodha replied with a back hand shot and now the ball is in their court.

enough ranting coming to the point.

For value segment for nse future
zerodha 20 @250
RKSV 20 @230 + 5 free trades

So clearly RKSV is winner. Again for those extreme value seeker who are ready to compromise on the brand

we have SAS 9 per trade @250
then we have TSO 15 per trade @240 Rest all don't come into picture.

note RKSV has the lowest TC in this segment

For value segment for nse option

Zerodha 20 @ 5900
RKSV 20@7100 + 5 free trades

Clearly Zerodha is the winner . Again for those extreme value seeker who are ready to compromise on the brand

We have SAS 9@6000 rest all not come into picture.

note Zerodha has the lowest TC in this segment
Unlimited Plans
for unlimited plans for retail players the baton is now passed to 3 players SAS,WC and TSO.
--------------------------
Future brokerage war will be on bracket order, advanced trading platform, data feed , advanced charting , algorithmic trading ,service and other value added features. stay tuned..

Work done by bpr for traderji community is highly appreciated!

Now that we can easily compare every component of the costings levied while trading, at the same time, there arises a need to monitor the financial health, stability and transparency of these discount brokers.

Even though all brokers fall under an uniform jurisdiction, discount brokers who are working on wafer thin margins, are at a greater risk of getting affected due to un-anticipated errors/scams, which do keep cropping up in the markets from time to time. What comes into play at these times is the robustness of their risk management.

Also transparency in pricing and schemes helps to identify brokers with good/malafied intentions unlike, for example sake, players in the insurance sector, who have been designing/advertising unrealistic "schemes" to lure money. Even in broking sectors there have been previous cases like Reliance Money, who had advertised low broking in a certain way, but the actual scheme turned out to be a bit different.

Transparently advertised schemes can be a major factor in helping to decide to good broker.

The above said factors also need consideration while deciding the most ideal discount broker. Again, this is just my opinion, others may vary.

 

[Joshua R. Mason]

Thanks for sharing.