discount brokers

[neoman]

So on more detailed analysis I would say VPS,RKSV and Tradesmart are best at present.
VPS Comes out to be cheapest as they have good mix of plans
Tradesmart has their own DP services
RKSV good service and competitive pricing.

 

[neoman]

I would like to add Wisdom Capital as one of the best service provider due to the following traders friendly reasons:-

(a) Its on their way to becoming a complete shop for traders community.

(b) Prepaid Plan wise cost is lowest @ 2222/- pm for all segments.

(c) Services are as good as Zerodha or RKSV.

(d) Being a discount broker they are offering advisory services to their clients free of cost.

(e) Intraday Exposures wise other broker can't compete them.

(f) Account opening charges are free.

(g) Transaction charges are lesser than Zerodha/Composit Edge and at per with RKSV.

(h) They have their own Data feeds Wisdom Data and providing free training for system based trading to their clients.

(i) They have tie up with others and providing Portfolio Management Services.

Overall I can say their intention is not only to generate Brokerage but to guide properly to make traders successful at large...

regards
RK

pls dont spam each and every thread with your wisdom capital you got your thread stick with it.This thread is for us to discuss about various brokers not for brokers to come here and give promotion for there brokerage house.

 

[sumitalwar]

Buddy whatever you have written I have done same thing, then why are you becoming mad?

be cool

getting very aggressive .

the demand is right please be mindful of spamming for wisdom capital

best regards

 

[shekarj]

getting very aggressive .

the demand is right please be mindful of spamming for wisdom capital

best regards

Rashmi Kapoor if you want to promote wisdom capital, there is a better way come up that u are a sub broker of wisdom capital and you are here to clear the doubts of people regarding wisdom capital as zerodha and rskv people are doing,

Like this if u poke your nose unnecessarily u will only add bad reputation to wisdom capital/

 

[neoman]

After all my digging about various brokers I have decided to open account with VPS (earlier i was thinking of TSO)
Why?
My 5 reasons:

1.VPS Plans and charges are cheaper compared to TSO
2.VPS has hybrid plans which is better than seperate plans of TSO as you dont have to worry about brokerage they have actually combined %brokerage+fixed trade+unlimited plans together.
3.DP Annual charges are less 200rs compared to VNS 300rs.
4.VPS providing online trade in commodity also,TSO no commodity trade online
5.VPS is providing SMS alerts,No sms alerts for new customers in TSO

consider these figures for the charges /cr
--------------------VPS(10rs)------------TSO(15rs)--------
1.Equity(Intra)------1658.878 rs--------1886.97---
2.Equity(Deliv.)------10408.878rs-------11436.97--
3.Futures------------813.372rs---------1013..37--
4.Options------------7904.972rs--------9127.45--
5.Curr.Futures-------212.248rs----------429.10--
6.Curr.Option--------5481.932rs---------6985.31--
-----------------------------------------------------

So anyone can see that VPS comes out to be cheaper plus you get additional advantages over TSO as i have mentioned earlier. So why would anyone want to go with TSO when we have better option

 

[Creep]

After all my digging about various brokers I have decided to open account with VPS (earlier i was thinking of TSO)
Why?
My 5 reasons:

1.VPS Plans and charges are cheaper compared to TSO
2.VPS has hybrid plans which is better than seperate plans of TSO as you dont have to worry about brokerage they have actually combined %brokerage+fixed trade+unlimited plans together.
3.DP Annual charges are less 200rs compared to VNS 300rs.
4.VPS providing online trade in commodity also,TSO no commodity trade online
5.VPS is providing SMS alerts,No sms alerts for new customers in TSO

consider these figures for the charges /cr
--------------------VPS(10rs)------------TSO(15rs)--------
1.Equity(Intra)------1658.878 rs--------1886.97---
2.Equity(Deliv.)------10408.878rs-------11436.97--
3.Futures------------813.372rs---------1013..37--
4.Options------------7904.972rs--------9127.45--
5.Curr.Futures-------212.248rs----------429.10--
6.Curr.Option--------5481.932rs---------6985.31--
-----------------------------------------------------

So anyone can see that VPS comes out to be cheaper plus you get additional advantages over TSO as i have mentioned earlier. So why would anyone want to go with TSO when we have better option

Hey Neo,

Small piece of advice, don't be pennywise and pound foolish.. The first suggestion would be to think if it is really required to go to these discount brokers, would the savings offered be really that important for the way you trade.

A discount broker in the US removes all the offline services but provides you the best online trading platform. Presently, most of the guys you have mentioned offer NOW trading platform which is basically like this free engine being shared with everyone. Zerodha I guess is the only one that offers NEST hosted on their servers, but even that seems like 3 generations older than the present trading platforms offered by discount brokers in the US. You need to check out think or swim by TD ameritrade.. So ideally none of these are discount brokers in the true sense because they don't offer an awesome online platform.

Finally the reason for my first quote was that, Delhi has the maximum number of defaulting brokers. Brokers who shut shop and disappeared with clients funds. NSE does a good job of hiding it, you can ask SEBI to give you this list. The reason I am telling you this is that if your broker doesn't make any money, are you not worried about him being in business or not? The reason you need to be worried is because your money is sitting with him and when he goes out of business, you know what happens... Think about it!!!

 

[calic]

Hey Neo,

Small piece of advice, don't be pennywise and pound foolish.. The first suggestion would be to think if it is really required to go to these discount brokers, would the savings offered be really that important for the way you trade.

A discount broker in the US removes all the offline services but provides you the best online trading platform. Presently, most of the guys you have mentioned offer NOW trading platform which is basically like this free engine being shared with everyone. Zerodha I guess is the only one that offers NEST hosted on their servers, but even that seems like 3 generations older than the present trading platforms offered by discount brokers in the US. You need to check out think or swim by TD ameritrade.. So ideally none of these are discount brokers in the true sense because they don't offer an awesome online platform.

Finally the reason for my first quote was that, Delhi has the maximum number of defaulting brokers. Brokers who shut shop and disappeared with clients funds. NSE does a good job of hiding it, you can ask SEBI to give you this list. The reason I am telling you this is that if your broker doesn't make any money, are you not worried about him being in business or not? The reason you need to be worried is because your money is sitting with him and when he goes out of business, you know what happens... Think about it!!!

Dear Creep
Kindly throw some light on the underlined

 

[sumitalwar]

New entrance in discount brokers is comfort securities.
@5 per lots.
Members please share views and add to the list

 

[sumitalwar]

New addition to the list is finvasia.

 

[carnot11]

Hello,

Today came across the following discount broker in one of the threads.

http://www.sasonline.in/

Enjoy,
CArnot