Most of brokerage houses here just lure people by offering low and sometime 0 brokerage while there are some hidden charges or policies behind these scheme. On the very first day, I was expecting profit of 190/- while trading with justtrade but these blind people in justtrade debit my account with 207. I was shocked! I called them on customer care and was suprised by the way they are calculating total turnover. When I checked turnover charges in my contract note then those turnover charges were suggesting that my total turnover must be 1/15th of total turnover calculated by justtrade. I asked them if my actual turnover charges are what they have calculated then why the hell they have charged me so much lower turnover charges (which are 0.05% of total turnover as calculated by me i.e. correct turnover) then to my surprise they said that they are calculating turnover charges on premium portion only! I think it must be called premium charges and not the turnover charges. Why the hell they are calling it as turnover charges. They are making their own definition of turnover! what a sick! They said as you (i.e. me) have trade more than 3 contracts in a single day so you have crossed your daily free turnover limit hence you will be charged brokerage and their lowest brokerage was 46/- per contract. I was feeling being deceived by justtrade as trading 4 nifty option contracts in a single day is not a very big deal! People are even trading 10-20 contracts in a single day. Is that mean that they will be charges (207 X 5)/- as brokerage in a single trade! Ha! what a joke! The people in justtrade are just confused. After that day I haven't traded with them. That was my first shockingly bad experience with them. Now I am doing a research about other good brokers in my list.
PS: Dikhawe par mat jao apni akal lagao! while choosing proper broker for you. Don't just run behind their 0 brokerage schemes because other people have said you that they are good! Research for yourself.
PS: Dikhawe par mat jao apni akal lagao! while choosing proper broker for you. Don't just run behind their 0 brokerage schemes because other people have said you that they are good! Research for yourself.
If I want to go for 14000 scheme (unlimited free brokerage) isn't it good ?
Are u using Bajaj? Can we talk ? My number 9946485707 ......Plz need some advice from you as you are already using it.