the brokerages are only sucking the lifeblood from position traders which allof u [persons=guys/gals/inbetweens/neithers] seem to omit!
in daytrade the gains are small asthese volatile times are triggering stoplosses in whipsaws=losses outnumber gains broker gets fatter
if you go fr swing/trend trade btst mode -the delivery instn charges and dely trade brokerages kill you
23/=per dely instn min
sharekhan 60paise per rs100/= fr dely trade
the retail/small investor who provides lifeblood to these are treated with least courtesy customersupport gives rubbish music and stereotyped irrelevant advice
emails get no response worth mentioning
during trading time you get disconnected fm server innumerable times
there is this flat brokerage system the worldover with no volume commitment
another cut throat codition is delay in payin charges f the client delays even by a day BUT THE BROKING HOUSE DOES NOT AUTOMATICALLY PAY YOU
AUTOMATICALLY BUT need a payout request!!!
a minimum of 1000/=is demaned to be kept with them even if your stocks worth lakhs are in their depository and you signed a commiment to allow them to sell the stocks incase payin obligations are not met intime
the leeches like to charge you delay in payin @18%pa!!
even if your a/c is in credit the bought stocks are not kept in your client a/c but remain in pool a/c
so drive a hard bargain and put pressure,persuade sebi stock exchanges to discipline these cartels
seen the scam in stockholding corporation with clients demat accounts!?
ask sebi to make insuring the stocks held mandatory with profits lost as the benchmark compensation in addition to mentalagony compensation
a person with 1lakh cap suffers more on a 10000hit in a scam than a person with 10lakh cap and same amt hit so the compensation should be revrse skewed
remember the dp used to charge both on buy side entry and sellside entry till damodaran=sebi quashed that similarly sebi shold enforce reduction in dely charges ,increased penalties
the bottomline is regulator has to step in and more brokerages hv to be patronised and competition should multiply
do not be awed by big ticket name like reliance icici !!! they are drooling fr the crumbs you throw them as they will build bone mscle and fat on your crumbs
unite and drive a hared bargain manmohansingh and chidambaram mouthh the commonman/aamadmi liberalisation/globalisation!! let them intervene or shutup ...not add insult to injury
Confused about Share khan ledger balance and capital gain report