a clear comparision among the major available online brokers would be helpful to many like me to choose from or to shift. first-hand experience with details can be shared in this thread as earlier threads did not discuss the matter clearly. here are some details about icicidirect......
delivery trade charge........approx. 0.97%(all taxes included) for one leg, i.e. 0.97% for buy and same for sell too. Min. charge applicable for small trades.
margin plus trading(exposure upto about 12 to 15 times of available limit).......approx. 0.07%(all taxes included) for one leg.
bsts & spot selling.......1% + taxe/surcharge.
Option......approx. 100 to 150 per lot.
the site give very few daily trading calls with moderate success. it offers the facility of 3-in-1 account, i.e. trading+demat+bank a/c all interlinked which facility is offered by very few. that seems to be the biggest benifit of the site as one can withdraw the money from his bank a/c after 2 working days of selling his position. if u r in a hurry, u can sell in spot to withdraw the money in the same day evening(charge is 1.25% approx). site is quite reliable and most of the other features are so-so. worst part is the charge which probably is the highest in the market mainly because of the 3-in-1 a/c facility. it does not provide any trading software or that kind of active support/advice etc. what about other sites guys.........???
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