Wanna Trade with me? LIVE LIVE LIVE
- Thread starter shanki99
- Start date
dear traders and followers of this forum: whch is best broker for online trade/ delivery trade; it would help greatly if we can share about our trading platforms as well in this forum because the sl and tgt are very tight and only good trading platform with low cost and good customer service (to place offline orders in case of power failure etc) will give us good profits.
here i will share my experience also
here i will share my experience also
Mine is Sharekhan, for day trading its .05 % or .05 paise (which ever is higher), gives you an option called Max trading where all you need is 10% of amount of the whole (meaning, you can buy or sell shares worth 1 Lakh with 10,000 in account), also only 100 scrips can be traded under max trade. below is the details on max trade.
Key Features
1) This product offers high leverage (therefore carrying higher risk) for day traders.
2) Clients can take exposure up to 10 times the margin available.
3) Trading allowed only in Cash segment of NSE in 100 Scrips.
4) Trades executed under this product will be Squared off either after 15:15 hours or in case of margin erosion by approximately 70% (varies for each scrip) whichever is earlier.
5) No orders will be processed under this product after 15:15 hours.
Note: This product is not suitable for all kinds of investors. You are requested to take informed decision based on your risk profile before executing trades under this product.
Terms & Conditions
1) Product Availability: Trading under this product is allowed in NSE cash segment only.
2) Leverage: Currently 10 times leverage is allowed on available margin Sharekhan reserves the right to modify leverage from time to time without any prior intimation based on prevailing market condition.
3) Settlement: Positions created through this product are compulsorily settled on intra day only. No option is available to carry forward the positions taken through the product.
4) Closure of Positions:
a) By Client: Client can close positions before 15:15 hours by placing reverse order using same product.
b) By Sharekhan: Erosion of margin blocked by more than 70% in script in which position is created will trigger Compulsory Square off of that script only, irrespective of MTM in any other position created using this product Failure to close the positions before 15:15 hours will lead to auto-square off by Sharekhan at prevailing market rates. All orders kept pending whether normal or stop loss will be cancelled by the system at 15:15 hours.
5) Non Closure of Position: Sharekhan does not guarantee that the order placed for square off shall be executed In case the positions are not squared off for any reasons beyond the control of the Sharekhan, such as price band, technical issues, etc. the same shall be converted into delivery In the event of Non Closure as mentioned above, further margin should be remitted and in case failure to remit the additional margin Sharekhan reserve the right to square off the excess position taken.
Brokerage structure attached
Key Features
1) This product offers high leverage (therefore carrying higher risk) for day traders.
2) Clients can take exposure up to 10 times the margin available.
3) Trading allowed only in Cash segment of NSE in 100 Scrips.
4) Trades executed under this product will be Squared off either after 15:15 hours or in case of margin erosion by approximately 70% (varies for each scrip) whichever is earlier.
5) No orders will be processed under this product after 15:15 hours.
Note: This product is not suitable for all kinds of investors. You are requested to take informed decision based on your risk profile before executing trades under this product.
Terms & Conditions
1) Product Availability: Trading under this product is allowed in NSE cash segment only.
2) Leverage: Currently 10 times leverage is allowed on available margin Sharekhan reserves the right to modify leverage from time to time without any prior intimation based on prevailing market condition.
3) Settlement: Positions created through this product are compulsorily settled on intra day only. No option is available to carry forward the positions taken through the product.
4) Closure of Positions:
a) By Client: Client can close positions before 15:15 hours by placing reverse order using same product.
b) By Sharekhan: Erosion of margin blocked by more than 70% in script in which position is created will trigger Compulsory Square off of that script only, irrespective of MTM in any other position created using this product Failure to close the positions before 15:15 hours will lead to auto-square off by Sharekhan at prevailing market rates. All orders kept pending whether normal or stop loss will be cancelled by the system at 15:15 hours.
5) Non Closure of Position: Sharekhan does not guarantee that the order placed for square off shall be executed In case the positions are not squared off for any reasons beyond the control of the Sharekhan, such as price band, technical issues, etc. the same shall be converted into delivery In the event of Non Closure as mentioned above, further margin should be remitted and in case failure to remit the additional margin Sharekhan reserve the right to square off the excess position taken.
Brokerage structure attached
Attachments
5paisa
Pros:
1.) excellent customer service..they give you the mobile number of your relationship manager which incidentally is also your dealer. So if your software stops working you can call them immediately and place the order.
2. Online help desk: where the reply is also prompt.
3. Reasonable brokerage: Initially i paid like 40 paisa for delievery and 5 paisa for futures, but now i have negotiated it to 30 paisa for delievery, and 3 paisa for futures. There option's brokerage, however, is pretty high, 50 rs per lot, i guess you can negotiate that also.
4. There software Trader terminal, pretty good. Fast order execution. Net P and L for the day ( perfect for a day trader). Square off facility. Charts with techincal indicators in them.
Cons:
1. When the market is volatile the TT hangs...you have to manually change the server again and again to get the live data back in the terminal. but nowadays they have web version and they have sorted the matter to a great extent
they charge minimum per share and 15 rs on outgoing (selling from DP)
minimum per share is very costly for shares below 100rs. for example if you buy a 10 rs share and yr MPS is 5 paisa then yr cost will be 5paisa as brokerage, now if u buy a penny stock of re1 then yr brokerage becomes 5%, thts a major negative for indiainfoline
secondly, i had an account with them but stopped trading for last 2 yrs, now i wanted to revive the same and wanted to reset my online account and transfer my account to other branch but till date they have not activated the online account (after 6 months of mailing), so service is very poor
it means it is impossible to get yr branch transferred and also to activate a dormant account
hence we need online site with good speed and execution, no MPS and Minimum brokerage per day. also btst and stbt is important
can seniors throw light on that
Pros:
1.) excellent customer service..they give you the mobile number of your relationship manager which incidentally is also your dealer. So if your software stops working you can call them immediately and place the order.
2. Online help desk: where the reply is also prompt.
3. Reasonable brokerage: Initially i paid like 40 paisa for delievery and 5 paisa for futures, but now i have negotiated it to 30 paisa for delievery, and 3 paisa for futures. There option's brokerage, however, is pretty high, 50 rs per lot, i guess you can negotiate that also.
4. There software Trader terminal, pretty good. Fast order execution. Net P and L for the day ( perfect for a day trader). Square off facility. Charts with techincal indicators in them.
Cons:
1. When the market is volatile the TT hangs...you have to manually change the server again and again to get the live data back in the terminal. but nowadays they have web version and they have sorted the matter to a great extent
they charge minimum per share and 15 rs on outgoing (selling from DP)
minimum per share is very costly for shares below 100rs. for example if you buy a 10 rs share and yr MPS is 5 paisa then yr cost will be 5paisa as brokerage, now if u buy a penny stock of re1 then yr brokerage becomes 5%, thts a major negative for indiainfoline
secondly, i had an account with them but stopped trading for last 2 yrs, now i wanted to revive the same and wanted to reset my online account and transfer my account to other branch but till date they have not activated the online account (after 6 months of mailing), so service is very poor
it means it is impossible to get yr branch transferred and also to activate a dormant account
hence we need online site with good speed and execution, no MPS and Minimum brokerage per day. also btst and stbt is important
can seniors throw light on that
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