i was not pointing out to any one broker on this forum..
.. Today brokers like s_khan, u_con, bm_ _ creators, and so many more are taking 50k to 1lk upfront to give a deal... Most of their sales people are pushed to sell these products and so many gullible traders are being taken for cleaners...
no need to take names... We are expecting deals from zerodha which will keep both the parties interested and happy (as promised by you)...
people have 3lks in their account and they pay 1lk as an upfront brokerage!! Do you think it is right.. Your argument would be that if he is paying he is a fool.. But does that mean that just because he is a fool, a company can do what it wants?? Why have a regulatory body then??
one of my uncles in us bought a plane (2nd hand) when he didn't know how to fly... Later on sold it as good as scrap... I call these people fool (as we lack better words to describe them in forums like tj)... :lol:
You and i(the ones who research before buying a product) just belong to probably less than 1% of the population...
different levels of emotions are attached to buying different products... An aspirational buy can't be compared with regular purchase (remember your cigarette example)... Any person goes through 5 or 6 stages of judgement while buying stuffs of value (at least that much p. Kotler says)... :rofl:
When you buy prepaid mobile, bus ticket, gift vouchers, you pay and get a product which is valid for a particular period of time.. Does your prepaid recharge itself beginning of every month?? Most of the upfront packages running in broking business does that.. I can keep saying a lot of things, but i might be considered as a person who has a vested interest, so will keep quiet...
couldn't get your point...
the issue though is, educated indian is probably the toughest customer in the world..
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if so, that's good to know...
as i had said before, for now our focus is to get all exchanges on one platform and give all the tools that might aid you in being profitable in the markets.. We will keep doing interesting things in between to bring in some fun into trading..
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hope is eternal...