Dear Mr. Tejas,
if we need innovation then we have to pay the price (brokerage based on turnover)
if we need price then we have to suffer mediocracy (NEST, NOW)
if we have innovation and price, then we suffer downtime (KITE)
If we have truly international plaform and discount brokerage (IB), then we have certain failures to adjust indian market conditions (need to take out the fund one day in quarter and then credit it back to broker account, cant pledge the stock, no leverage).
unlike any other business the monopoly of the market leaders (discount broker - z, full service broker - icici) never seems to be threatened. how can you sleep well without up..ing this game. i mean there is always something in us to win and never wanting to settle as number 2.
please atleast provide different types of accounts (discount brokerage, brokerage based on transaction). i am sorry to say .... it long way to go for FYERS. even though i am not using FYERS, my eyes are always at it.
Good luck Mr. Tejas
if we need innovation then we have to pay the price (brokerage based on turnover)
if we need price then we have to suffer mediocracy (NEST, NOW)
if we have innovation and price, then we suffer downtime (KITE)
If we have truly international plaform and discount brokerage (IB), then we have certain failures to adjust indian market conditions (need to take out the fund one day in quarter and then credit it back to broker account, cant pledge the stock, no leverage).
unlike any other business the monopoly of the market leaders (discount broker - z, full service broker - icici) never seems to be threatened. how can you sleep well without up..ing this game. i mean there is always something in us to win and never wanting to settle as number 2.
please atleast provide different types of accounts (discount brokerage, brokerage based on transaction). i am sorry to say .... it long way to go for FYERS. even though i am not using FYERS, my eyes are always at it.
Good luck Mr. Tejas
I understand that you have had several bad experiences and hence speak out of a certain animosity about the current circumstances in the brokerage industry. Here's what I think:
1. Implementing robust features and delivering an amazing hassle-free platform is possible at the lowest charges (per order brokerage) as long as the revenues can compensate our efforts. We look forward to solving all the problems faced by traders/investors in India but our success will be determined by our capacity to fund our business which has to be based on revenues.
2. Maximum uptime can be achieved by us since our server architecture & back-ups are well set up. We want to be able to do this with more resources. There are many layers to pay attention to here and unexpected failures are rampant in the data center business and also the network providers' leased lines often fail and back-ups arrangements need to be made. On the core application level, we are pretty robust already.
In our business, product development is a journey and not a destination. Thankfully, we have built a capable technology team that can work on your requirements unlike most other brokers in India. We will do things step by step. If you would like to extend your contribution to our growth story, feel free to refer your friends to us. It will definitely help us boost our speed. Thx.