Opening Sharekhan account for Day trading

[coollife]

[as Bunny suggested better to invest and try out ]

I contacted sharekhan , they said they have very good plans
If i am going for Intraday they said they have plan where in i have to pay
thousand initially and later 0.05 % will be charged only for buying
and o.25 % will be charged for settlement

He said this can be used if i plan to do lot of day trading , and the fees 6 thousand is for one year

Is this good enough or should i contact other brokerage office.
He said he will come and show the demo of day trading tomorrow

 

[sanjay721]

hey ..
wat they mean is they'll charge you 6000 rs annualy +.50 for buying which means .25 for each side buyin and selling they r jus trying to confuse you ntn else ..i'm trading with bezel stock brokers they dont take any fixed annual charge or as such and they'll offer u .30 on buying which means .15 each side and if you give them good turnover or you negotiate they charge .20 on buying means .10 for each side

 

[bunny]

hey ..
wat they mean is they'll charge you 6000 rs annualy +.50 for buying which means .25 for each side buyin and selling they r jus trying to confuse you ntn else ..i'm trading with bezel stock brokers they dont take any fixed annual charge or as such and they'll offer u .30 on buying which means .15 each side and if you give them good turnover or you negotiate they charge .20 on buying means .10 for each side

Hi Sanjay,

That 6000 amount is towards prepaid brokerage. All the brokerage generated from his trades will be deducted from the 6000. After all the 6000 has been exhausted, he will be charged brokerage the normal brokerage rate of say 10 paise intraday and 50 paise delivery, unless he chooses to refill the prepaid brokerage. If he is not able to utilize all the 6000 within 1 year, the balance cannot be used, i.e, the broker will pocket the balance.