India Infoline

[bangerabs]

Thanks. I too have accounts with India Bulls and Sharekhan. Both are ok. I am with SSKI since begining. Excepting higher brokerage, there is minimum, rather neglibgle problem with them. Better than any one else. Hence, now onwards, I shall consolidate only with Sharekhan.

 

[Gkn]

Thank you for keeping touch
may I know whats the brokerage sharekhan has offered you?
Till now I was under 2000 plan. Im thinking of talking to RM for better brokerage
gopakumar(Gkn)

 

[munde_77]

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please find here the contract note copy of india infoline attached

 

[bangerabs]

Hi GKN, I am under 10000/- adv. brokerage plan. U can check up AMC details on sharekhan.com

 

[sridesai]

Hi Friend,
Are you still getting the same brokerage as shown in your attachment? Please let me know. Also are there any volume commitments.

 

[RAGAV]

Hi , What should be the minimum monthly/yearly volume generated to get 0.005% brokerage in intraday & Futures? What will be the approx. total charges including STT,stamp duty etc.? Will it be less than 0.015% for buy & sell transactions combined?
Thanks.

Ragavendran

 

[spynkz]

Hi All,

Please do not go with India Infoline. I went ahead with it against a lot of complaints, and managed to get a .02/0.2 brokerage, because I found that you can place 2 buy orders and 2 sell orders at the same time, and I wanted to try out Dhiraj's 2652 system. It did work, but soon I found what kind of cheats they are. It took me to place a huge order and get into margin to find this out.

1. They won't square off your positions upon explicit instructions, they are more interested in the 0.02 becoming 0.2, and you getting into margin call.
2. They will force you to make up your margin account stating 50% balance reqt, even on the weekend (you can transfer from bank no sir!)
3. They will gladly oblige the remaining as margin with a margin loan for as long as you want, and they also tell you that for 15 days it is free, but they charge you from day t+1. This you will only know when they reflect it as a Delayed pay-in charge and deduct from your account, which can be huge.
4. They will charge for Saturday and Sunday also even though you traded on Friday, and you will end up getting charged at the rate of 24%/annum per day of your using their margin as a loan.
5. They will bug you to trade even when market is falling (you can short no sir!).
6. They will send you TIPS which try to help the companies. For example an airline company came down 20 rupees in a second to pick up my order, but I was wondering what happened to all the poor folks who had stop losses between the CMP and my order.

I closed all my positions as soon as possible (fortunately market was sideways) and took a small loss. Because I wanted to get out of the web of these cheats, I missed the bull run on a company to the tune of 2 lakhs and also my money was locked with them because of the sale. I suggest that you clear your holdings and transfer your money out of this company before even speaking about closing your account to these people.

These guys will do everything and anything to fleece you. This company WILL go to the dogs, because it has been my experience with such companies, however big they are, if they do not have basic business ethics they will eventually go belly up. Your money is highly unsafe with such people. I have bailed out with a significant loss, but I have learnt my lesson.

Alternatively, I was unhappy with HDFC securities online and Sharekhan's brokerages, but it turned out that they are the best in terms of trading speed as well as charts for day trading. But I find them to be ok. Sharekhan guys keep bugging you to trade but they are harmless, and HDFC security is the best, you have 100% assurance that your money is safe, is properly managed, if only they bring out a trading platform, to get away from the bugging auto logout issue.

Thanks for listening.

 

[share.senthil]

Hi Gopal Kumar: Their S/W is poorer as compared to Power India Bull or Trade Tiger of Sharekhan. I do not know much about Angel or others. Besides, India Infoline are No. 1 cheaters and their service is worst. Recently they promised a lot before opening the account. Once account is opened, they proved their real colour. Now, they are not allowing me to close the account and transfer the shares to my other DP A.c or allowing to withdraw the full amount. I was trapped and incurred loss. I had tried about 10 brokers by now and find that they are the worst in many ways. So better u forget about India Info.

Dear Sir

even i also had very bad time having an account in India Infoline, now i want to open fresh new account for Option trading only.

kindly referer/Give the good broker with less Brokorage.

thanks

senthil

 

[RAGAV]

I am existing customer of India Infoline. I am Paying 0.25% and 0.05% brokerage. Now I want to get NBFC facility ( Margin Funding) but my RM is telling there will be some delay due to non availability of Forms and procedure. Can some one confirm me what is the exact problem and why India Info or my RM is so reluctant to provide me NBFC facility. If I switch to some other broker then where I can get similar facility and brokerage?
Thanks in advance.

I have an account with India Infoline too with same charges 0.05% & 0.25%. I don't know about Margin funding. There is some margin alloted from the shares in the demat account. Suppose you have 10 shares of Axis bank & its current price is 1000. Then I think you may be able to use around 5000 Rs. (50% of Group A shares) for your trading purposes. Not sure of the exact forms & procedure.

 

[mfadhd]

Any one here having problem with India Infoline tell me give me ur id's i will help u out with your problems. See a basic problem with each and every one is money i cannot understand if u have Rs. 10 then pls buy shares of Rs. 10 y do u go to buy shares of Rs. 1000 when u don't have it, as u had only Rs. 10. Buy shares of amount that is in ur pocket y u need margin then ur trapped with margin funding u then pay interest.
(1) if u all want facility then utilize it pls don't complain u will not get all u want. U want service and are not ready to pay how far is it possible tell me.


Hope to hear from the members and pls type in ur real problems with IIFL so that i can solve ur problems.

Bangerbs pls do tell me your list of problems and other members too

regards