Super cheap broker: Ventura securities

[shanki99]

I talked to Venture bangalore people last week. The offer appears very attractive - for Rs.10K of advance brokerage (6 month validity), they are offering .01% for futures/cash and Rs.20 for options. And for F&O, if you square up same day, there is no brokerage on the seocnd leg. So effectively, that is .005% for futuers and Rs.10 for options! But would also warn people to have a closer look at their other charges (transaction chgs, sebi chgs etc). I figured out from my calculations that these charges are atleast Rs.7-8 higher (Per lot) compared to what I am currently paying at RMoney. Which means, effectively, the brokerage is nearly .01% per side for futures and about Rs.13-14 per option (single side) - which is of course, still cheap.

Saravindh....have u opened the acc with Ventura?? How is ur experience now??

 

[shanki99]

Rajputz/Ganesh/Varin/Aditya/Bangeraps/Saravindh

Can u plz help me on this?? http://www.traderji.com/amibroker/35042-automated-ascii-import-amibroker.html#post380064

 

[iTrade]

yeah this was really weired when i encountered it for the first time. Wherever i was earlier with, like geojit and ICICI, i used to see a separate option for short sell. But not here.

But Pointer software is decent, atleast for me.

And their back-office team in chennai also responsive and courteous.

One thing iam always worried about their back-office team in chennai is that they wont even ask u a single question to verify that u are the actual person to execute orders in ur account( i mean phone orders). They simply do what u wish them to do under the code and bang the phone. Not even the name is asked.

Contrary, in Geojit, they have this Phone code and PIN no. On all the occasions, irritatingly, they wud want my wife to talk, even though the correct phone code and pin were punched, since the account belonged to her.

I agree. Ventura guys will just ask your client code and thats it. Your orders on their way. Its risky in a way.

 

[shanki99]

I agree. Ventura guys will just ask your client code and thats it. Your orders on their way. Its risky in a way.

Ganesh...where are u put up man??

 

[iTrade]

once u understand their system u will see that their system is very good....but the things some times get confused....but is good

You seem to be Ventura fan for some unknown reason .. Anyways, no broker is perfect. You just have to choose the one which suits your needs.

 

[iTrade]

Ganesh...where are u put up man??

Pune. Glad you asked

 

[shanki99]

What a great city....

I lived there for a year....at Rasthapeth

I loved that DosaDiner near Wadia College

 

[aditya8232]

Ganesh i am also from Pune.
are you a full-time trader? or ......

 

[arun purohit]

i think india infoline is good. Their broker is .01% on one side only for fno.
The average brokerage comes to .005% only.
They have good reputation too.
Suggestions from seniors welcom

please tell me about thair email address or contact no. So i can use thair services

 

[bangerabs]

They are number 1 cheaters. If u enter, u r trapped.