Discount brokers

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by jeett, Jul 9, 2016.

  1. jeett

    jeett Member

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    hello,

    I am looking to move to a discount broker like Zerodha and wanted to check within the community on the experience we have had using discount brokers like Zerodha.

    Thanks in advance for your help

    Bhavesh
     
  2. Ansh - Analyst

    Ansh - Analyst New Member

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    Its one of the best discount brokers in India. Their app, kite and now mutual fund is just awesome.
     
  3. G_One

    G_One Member

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    I have account with Zerodha and I felt it is good. They have seemless access and great charting tools. Trades are also done without hiccups. Customer care is resposive too.

    Cheers
    G1
     
    w4wealth likes this.
  4. w4wealth

    w4wealth Well-Known Member

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    zerodha is charging 20 per trade right?
     
  5. G_One

    G_One Member

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    Yes you are correct.. :)
     
  6. djneee

    djneee New Member

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    Hi,
    you can open an account with 5paisa
    Nice that you have asked the question earlier, PLEASE Visit the STOCK BROKER SELECTION CRITERIA
    https://sites.google.com/site/financialmarketsbasics/queries/broker-selection
    DISADVANTAGES of ZERODHA
    1. There is no margin for Delivery trades
    2. If you want to get margin against holdings, you have to buy a stock and wait for 2 days, after 2 days you can pledge the stock by a pledge request on 3rd day. on fourth day you will get a margin that can be used for intraday trades.
    3. There is no recommendation on buy and sell.
    4. Zerodha has only 5 watchlists with each 15 stocks
    5. They do not have any default NIFTY50 watch list.
    My SUGGESTION is OPEN ACCOUNT WITH 5PAISA
    1. 5paisa offer very very high exposure for delivery trades
    2.5 paisa not square off the position on the 5 th day directly. You can extend your holdings position for more than 5 days also by email request.
    3. They offer very less brokerage.FLAT 10 Rs per order
    4. 5paisa offers recommendations to buy and sell in cash, future and options5
    5.5paisa has default NIFTY 5o watchlist and dash board updated regarding market
    6. 5paisa has 3 watch list of 50 each . So you can add almost 150 stocks.
    Also there is a offer, FREE ACCOUNT OPENING and free for FIRST 50 trades. to make use of this offer
    There are several other benefits also
    email me your emailaddress and contact no to dalalstreeet@gmail.com
     
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