India infoline brokerage fee

[bijuknambiar]

For me it is .3 and .03.one time 555/-.Minimum 15 on sell.

Pranab..
r u talking of indiainfoline friend???

 

[amit_dangi]

Re: RELIANCE MONEY brokerage fee

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[abhishek25]

I had a trading account with reliancemoney . I recently opened account in india infoline .They said the brokerage will be 3 paisa and 30 paisa. I opened my account with rs 25 000 .But when I started trading .They were actually charging .05 and .5% .When I contacted them they said you need to put more money atleast 50k to have 3 and 30 paisa brokerage .


Also they use a very dangerous formula to calculate the brokerage they calculate .5% of the total amount and then add this amount to the each share you traded so that the actual brokerage increases more that .5%.(this formula is generally used with lifetime 555 accounts)

The only thing I admire about indiainfoline is that their software which is free and very fast

 

[math]

Thank you all for discussing about your brokerage. Anyway I joined infoline and my brokerages are .5 and .05 respectively at present. I think this is little expensive when compared to others. But as I heard, their software is very user friendly.

 

[Excel Matic]

dera biju,

u can reduce it to .2% and .02% for delivery and intraday respectively , if ur volume is high.....

happy trading

I do not know why you one can get these rates at high investments!!! I am getting same rates (.2 and .02) with an investment of only 5000/- with religare

 

[bijuknambiar]

I had a trading account with reliancemoney . I recently opened account in india infoline .They said the brokerage will be 3 paisa and 30 paisa. I opened my account with rs 25 000 .But when I started trading .They were actually charging .05 and .5% .When I contacted them they said you need to put more money atleast 50k to have 3 and 30 paisa brokerage .


Also they use a very dangerous formula to calculate the brokerage they calculate .5% of the total amount and then add this amount to the each share you traded so that the actual brokerage increases more that .5%.(this formula is generally used with lifetime 555 accounts)

The only thing I admire about indiainfoline is that their software which is free and very fast

R u sure Abhishek???but when i checked with my transaction details..its showing as .5% of the total amount traded(bought & sell) anyway lemme as my relationship manager and get confirmed..Thanks for intimating this sought of issues..

n regarding 0.2% and 0.02%, i asked this with my relationship manager and infact he told me that it would happen if he puts a request for it and the indiainfoline might consider it even though my initial amount is 10,000/=.

 

[abhishek25]

If what you are saying is correct then my RM is cheating me

 

[shubhshant]

but their oftware doesn't work in firefox. I want to use one that supports firefix

 

[bijuknambiar]

If what you are saying is correct then my RM is cheating me

Checked again on friday...its only .5% and .05%(intraday) on both sell n purchase..

 

[rajeshn2007]

my RM is cheating me

For what do you think they are appointed for ?