That's what Sebi is meant for
...Its job is to kill retail traders from market. Sebi is doing its job properly
.
My family & friends all together hold 7 accounts with RKSV and other brokers and all have to stop trading from Nov-2015. Because each of us trade with 3-4 lacs of capital only. But each of us make 60-70 lacs of turnover daily, so with 7 accounts about 5 crore of Daily turnover.
There will be a drastic loss in volume in derivative segment if 50% of retail traders are kicked out and i think Govt will be losing a lot on taxes :lol:.
I am looking for some alternative and also studying NASDAQ stocks.
From this month have started trading in Forex. Forex is illegal in india due to RBI/FEMA but have to trade in it as dont have any choice now. Forex has many benefits like there are no taxes on transaction and brokerage/spread is very low and not manipulated like indian stocks by any single big fish as its traded globally.