Indiabulls brokerage query ? help needed

[nb_money]

Hi everyone and greetings of the new year.....

I have some queries regarding the brokerage charges of indiabulls. I am willing to open an account there and any help in this matter is very welcome before I take the final decision to register with them. My specific queries are -

1. What is the general brokerage pattern for delivery and intraday trading ? Are they negotiable as per volumes ?
   
2. Is there any AMC brokerage system as in sharekhan ?
   
3. Is there any minimum amount of brokerage amount ? (for eg. ICICI has a minimum amount of 25/-)
   
4. What is the DP annual maintainence charge ?
   
5. What is the DP transaction charge ? Do they charge of both buy and sell transaction or just the sell portion ?
   
6. What are the software charges ? Is it a one-time charge or an yearly charge ?
   
7. What is the total a/c opening charge ?
   
8. Is this a POA type or a non-POA type of demat a/c ?
   
9. Are there anymore hidden charges ?

Thanks in advance.

Regards,
N.B.

 

[pundit]

Hi Nb,

Go for account with India bulls , its one of the best broker.
Rgarding your queries :

1. General brokerage for interaday and delivery is 3 and 30 paise but you can negotiate to 2 and 20 paise per Rs 100
2 No AMC bokerage is there.
3 No minimum brokerage charged.
4 No annual DP maintaince charges.
5 I am not sure about DP transaction charges, but I think its nill.
6 Software (power indiabulls) they charge one time fee of Rs 750 for life time.
7 Account opening charges are Rs 900 for whole life , no maintainance charges there after.
8. Don't know about POA nd non POA..
9. No hidden charges..

You will get all trasacions done in your email with total brokerage charged, services are very good as compare to others as per my observations..

I have tried. Aditya Birla Money , Sharekhan, ICICI Direct, Indiabulls.

Aditya Birla Money is also a good broker..

but they charge minimum brokerage.
and DP trasaction charges are there.

 

[bunny]

Hi Pundit,
The intraday 3 paise brokerage in one side or both side?

 

[netman]

Hi Pundit,
The intraday 3 paise brokerage in one side or both side?

it should be normally 3 paise each side, but i think one can negotiate 2 paisa too if you give large volumes.

 

[nb_money]

Hi Nb,

Go for account with India bulls , its one of the best broker.
Rgarding your queries :

1. General brokerage for interaday and delivery is 3 and 30 paise but you can negotiate to 2 and 20 paise per Rs 100
2 No AMC bokerage is there.
3 No minimum brokerage charged.
4 No annual DP maintaince charges.
5 I am not sure about DP transaction charges, but I think its nill.
6 Software (power indiabulls) they charge one time fee of Rs 750 for life time.
7 Account opening charges are Rs 900 for whole life , no maintainance charges there after.
8. Don't know about POA nd non POA..
9. No hidden charges..

You will get all trasacions done in your email with total brokerage charged, services are very good as compare to others as per my observations..

I have tried. Aditya Birla Money , Sharekhan, ICICI Direct, Indiabulls.

Aditya Birla Money is also a good broker..

but they charge minimum brokerage.
and DP trasaction charges are there.

Hi pundit,

thanks for ur prompt reply. I talked to a indiabulls agent and discussed the brokerage. He is giving 30p and 3p respectively based on my prospective trading volume. However, there is a DP transaction charge of 10/- per scrip transaction. The rest is exactly how u had mentioned. I am reasonably satisfied with their other promised services. I shall take a decision in a day or two.

With regards,
N.B.

 

[rajendra402551]

Open Any Trading A/c . But don't belive on RM.
Don't permited them trade behalf of you.
They empty your pockets.

 

[netman]

Open Any Trading A/c . But don't belive on RM.
Don't permited them trade behalf of you.
They empty your pockets.

Only a Fool would allow his RM on any broker to play with your money.
with indiabulls and reliance money chances are less as they'll need your Secure Code Key to place and order, which is certainly a good security feature when the world is so wild for trading.

 

[pundit]

Bunny its 3 paise each side but cab be negotiated to 2 paisa.

 

[pundit]

Hi nb money,
I was not sure about DP transaction charges...

Any way u r welcome..

 

[all4excel]

Good Question!


I am a New Investor in the Stock Market and I would appreciate if someone could answer each and evey question so that I can make an Excel file useful for everyone..