discount brokers

whisky

Well-Known Member
#41
Josh, Thanks for the wonderful comparison….but Guys..
In race of getting discount brokers, we are missing on the most important & basic point “ Check Background of your Broker/ Sub-Brokers & their Management…
Trading/Investment is matter of money & we can’t trust blindly on all based on Discounts..

I am suspicious about VPS , WISDOM CAPITAL etc. new entrants with no transparent information about the Management/Experience etc.
 
#42
josh, thanks for the wonderful comparison….but guys..
In race of getting discount brokers, we are missing on the most important & basic point “ check background of your broker/ sub-brokers & their management…
trading/investment is matter of money & we can’t trust blindly on all based on discounts..

i am suspicious about vps , wisdom capital etc. New entrants with no transparent information about the management/experience etc.

without naming any one . One should always be suspicious about dubious names in the industry .

It is always advisable to check the track record , reputation in market etc .
 
#43
Josh, Thanks for the wonderful comparison….but Guys..
In race of getting discount brokers, we are missing on the most important & basic point “ Check Background of your Broker/ Sub-Brokers & their Management…
Trading/Investment is matter of money & we can’t trust blindly on all based on Discounts..

I am suspicious about VPS , WISDOM CAPITAL etc. new entrants with no transparent information about the Management/Experience etc.
You may ask your doubts in the VPS thread . I found that VPS Share representative is back and stated that they will answer to the queries.

This I am suggesting because I would have done that if I want some answers.

:thumb:
 
#45
Discount broker??. what do mean with?
Is broker that give many bonuses??. if yes i recommend you to join lite forex..
lite forex will give you bonus 100%..
It's the biggest bonus ever in forex guys...
 
#50
Most of the brokers claiming to be transparent do put brokerage calculator on their sites for new clients to
evaluate their transaction cost. This makes the task of selecting a broker a bit easy for us as far as cost of
transaction is concerned. Beside variance in upfront fee( brokerage fee) one needs to look at STT, Transaction
Charges and Clearing Charges being charged by brokers. One easy way to find is just compare the Service Tax
component in their brokerage calculator. Service tax being charged on Brokerage and Transaction charges will
give you a clear idea about transaction cost
. Based on this for I found following –
-------------------------------------
*For Furure Segment Service Tax on 1 cr – Zerodha -60.5, RKSV – 29,Composite -56, Achievers- 48.20, Smart
Trade -29.66, VPS -30.9, Procon-48.20.
*For Option segment – Zerodha -988.8, RKSV -885, Composite – 927, Achievers -927 ,Smart Trade -883, VPS
-772.5 and Procon 865.2.
*For Cash intraday – Zerodha -60.5, RKSV -43, Composite -56,Achievers -43.26 , Smart Trade-43.26,
VPS-41.50 and Procon -64.89.
*For currency service tax component is, Zerodha -55, RKSV-19.76 , Composite -38, Smart Trade-20, VPS
-19.77 and Procon -38.93.
That's smart way to compare
 

Similar threads