I opened Sharekhan trading account and received my credentials on 17 Nov 2016. I have been attending the online ATC and learning how to trade. I did not sign any AMC contract. Brokerage charges are 0.1% for all except options which is 2.5%. I spoke to the branch and the manager said they will bring it down to 0.03% and etc. I also applied trading account for commodities and hopefully my application should be approved tomorrow. I dont prefer trading Equities cash, Futures and Options due to time constraints as the market is only 5 hours. I get freaked out by too many gaps in Equities and futures/Options. Currencies trade timings are from 10 am till 5 pm which is better but the price movement is very less. SEBI should increase the timings from 10 am till 11 pm for Currencies as well. Best I find is the commodities timings which is from 10 am till 11 pm which suits my trading better as the price movement is better as London market open at 1:30 pm, and US market opens at 6:00 pm and gaps are not so much as in Equities and Futures.
I clarified again and again from the Branch Manager in Sharekhan if I have to pay any money for using the Trade Tiger platform as in the terms and conditions it say that we have to pay 3000 Rs quarterly for using the TT platform or pay fixed 10000 Rs per annum and he said it is only for those who have atleast 3 lakhs rs in their trading account and who want to maintain portfolio through Sharekhan recommendation in trading the market.