SMCIndiaOnline: Is this a good deal ??

mogembo

Well-Known Member
#1
Hi,

I am trying to open an online trading a/c with SMC India online.
As I already have a savings a/c with PNB with whom they have a tie up.

I talked to one of their representatives and he told me the following charges:
1) Intra-day --- 0.025
2) Delivery --- 0.25
3) A/c opening --- 750
4) AMC --- 250


I am not interested in intra day trading(1%). My major interest will be swing trading (60%) or position trading (39%), long term investment.

Can you guys help me out and tell me whether I am making a right choice ?? Or if you wish to suggest any other trading a/c then pls let me know the pros and cons. I also have savings a/c in HDFC and CitiBank.

Regards.
 

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