I don't know which is good and which worst but one similarity they have common and that is...
None of them mention any charges(brokerage) they are going to claim from us in their application form!!!!!!!!!!!!!
WHY?
Are they here to fool us?
They take I think a dozen of our signatures in the form,If you go to market and buy a pack of buiscuit the price and rest of details mentioned clearly there with expiry date and batch nos.(The day market will come in bear hands purely think of the expiry date for all these online trading providers!!)
Why SEBI does not force them to mention the brokerage charges they are going to claim from their client?WHY WHY WHY?
If you ask them one robotical answer will come Sir,what's your volume?Are we trading for them or they are here to give us a platform for trading?
All *******shit and same in my opinion.
When ever one think of opening any online account,take note of below points and ask for clarifications from them,
their charges---BOTH WAYS and COMPLETE,NO HIDDEN CHARGES.(They will say that the charges they have given is for single side,still insist for complete charges untill u get an answer).
Do ask is their any pre conditions for trading?Say 5P has 800Rs./Month.
Always ask in written,who is your customer ralations manager?(ask again and again till they give you his/her email,dont agree on to mail to their helpdesk)
They will charge separate for posting bills in past,my experence is I got couple of packets fm them then all stopped!!(I have paid postage charges in advance to my online broker house).
Last and finally--- Ask them any customer care rep. remains online during market hours,this will help you a lot if you find any probes during trading hours else keep sending them mail or call 1600------- customer care tel no and pay bills w.out expecting any results!
Good luck.
Always remember,they are here for us.If you do not get any reply from their customer care,remail them,again no luck then tell them politely that you are going to raise this matter to the concern authorities and will not allow them to escape,say all this in short and politely for fast responce.
Last but NOT the least,deal directly with them as most of them have habits to pay comission to 3rd parties!!Yes this is 100% fact.