Evaluate your Broker before Account Opening- Check List & Evaluation Results Update
- Thread starter whisky
- Start date
Re: Evaluate your Broker before Account Opening- Check List & Evaluation Results Upda
@skvl,
Go through with this thread completely you will get your answer.
Also check the below thread of Mr.Dan for the safety of your funds & trades.
Never ever put all your eggs to one broker
@skvl,
Go through with this thread completely you will get your answer.
Also check the below thread of Mr.Dan for the safety of your funds & trades.
Never ever put all your eggs to one broker
Re: Evaluate your Broker before Account Opening- Check List & Evaluation Results Upda
SMC is a good brand & good for long term investors as a full service provider.
I have no account with them, never experience their service so can't comment on their service but as brokerage cost is very important for day traders, SMC is not cost effective for them.
SMC is a good brand & good for long term investors as a full service provider.
I have no account with them, never experience their service so can't comment on their service but as brokerage cost is very important for day traders, SMC is not cost effective for them.
Re: Evaluate your Broker before Account Opening- Check List & Evaluation Results Upda
i trade in nifty options. I am looking for a new broker as my existing sharekhan is charging me 100/lot. Though he has agreed to come down to 50/lot. I am looking for some reliable broker who can offer me less than that. I dont want a monthly pay plan as i dont trade daily and i trade only one lot at a time so it will turn out to be expensive.
the broker should have a good trading terminal.
All help will be appreciated.
i trade in nifty options. I am looking for a new broker as my existing sharekhan is charging me 100/lot. Though he has agreed to come down to 50/lot. I am looking for some reliable broker who can offer me less than that. I dont want a monthly pay plan as i dont trade daily and i trade only one lot at a time so it will turn out to be expensive.
the broker should have a good trading terminal.
All help will be appreciated.
Re: Evaluate your Broker before Account Opening- Check List & Evaluation Results Upda
I thought they are like wisdom capital, kinda franchise. If tradesmart is a broker, who is VNS here?
1. Any idea how can we do this other than digging up online?
12. Is this special service or common for all brokers?
1, 2 & 6. Something not possible for everyone. Almost all of the discount brokers have very few branches. Visiting them in person may not be possible. May be guys from Delhi can do this and post their views here...
5 & 9. This is something trading member put the information in nse site. Exchange is not taking any responsibility if there is any discrepancy. (source. "Find member" from nseindia). If you know any reliable source, please let us know. (correct me if I am wrong)
7. Payin is always instant.
10. I don't think brokers do take responsibility and do compensate clients. At least I haven't heard so before.
12. Even if we ask, I don't think they will give the contact nos. Unless or until you are giving lot of business. But again with discount brokers and fixed monthly subscription, all are equal when it comes to this.
--------------------------------------------------------------
I really wonder this many people bother about leverage for futures and options. They are already a leverage instrument, handling the risk is already a lot for small traders (I assume most (I mean really most) of us hear are small traders).
Guys don't jump on me for saying this. May be I don't understand the depth of your need of leverage
For those who wants to know the transaction charges if the broker is also a clearing member (FO).
Futures 185/crore + service tax
Options 5000/crore + service tax
I thought they are like wisdom capital, kinda franchise. If tradesmart is a broker, who is VNS here?
1. Any idea how can we do this other than digging up online?
12. Is this special service or common for all brokers?
1, 2 & 6. Something not possible for everyone. Almost all of the discount brokers have very few branches. Visiting them in person may not be possible. May be guys from Delhi can do this and post their views here...
5 & 9. This is something trading member put the information in nse site. Exchange is not taking any responsibility if there is any discrepancy. (source. "Find member" from nseindia). If you know any reliable source, please let us know. (correct me if I am wrong)
7. Payin is always instant.
10. I don't think brokers do take responsibility and do compensate clients. At least I haven't heard so before.
12. Even if we ask, I don't think they will give the contact nos. Unless or until you are giving lot of business. But again with discount brokers and fixed monthly subscription, all are equal when it comes to this.
--------------------------------------------------------------
I really wonder this many people bother about leverage for futures and options. They are already a leverage instrument, handling the risk is already a lot for small traders (I assume most (I mean really most) of us hear are small traders).
Guys don't jump on me for saying this. May be I don't understand the depth of your need of leverage
For those who wants to know the transaction charges if the broker is also a clearing member (FO).
Futures 185/crore + service tax
Options 5000/crore + service tax
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