icicidirect sharekhan indiainfoline indiabulls trading account compare

May 19, 2008

Here is the useful comparison between icicidirect Vs sharekhan, indiainfoline, and Indiabulls online trading account in India to trade stocks.

ICICIDIRECT (icicidirect.com) – This is the part of India’s largest private bank ICICI bank.

Benefit of trading account with ICICIDIRECT

This account allows Cash Trading, Margin Trading, Spot Trading, MarginPLUS Trading Buy Today Sell Tomorrow and Call and Trade on phone in both NSE and BSE.

Investment in Mutual Funds and bonds online through your trading account with ICICIDIRECT.

You can make order at any time (Beyond market hour)

Money will not be debited directly from your saving account on trading.

Disadvantage-

Effective Brokerage per leg for squared off trades = 0.375% ( Less than Rs. 10,00,000/- (Rs. 10 lacs)

The brokerage involved is very high ( 0.75% ) ( Motilal Oswal brokerage is very less just .2% for delivery). You can not do day trading as a result. Also, the options are less flexible. If you go for intra day trading and the stock price falls, you can’t take the delivery and have to sell at lower price. If you go for buy today sell tomorrow feature, you can’t sell the same day. and the high brokerages eat away your profit.

Also whenever there is huge volatility in the market, the site stops working most of the time.

I would suggest not to go for ICICIDirect as these people charges hell lot of brokerage as compared to other brokers. Moreover, sometimes in intraday trades they square off your positions before 3:00 pm and sometimes they accidentally keep it open and settle it on next day. I think you can think of Kotak securities.

If you are going to invest for long term then choose ICICIDirect as it’s safe and secure except for high brokerage and if you are going to day trade then forget about ICICI.

ShareKhan (sharekhan.com)

Generally sharekhan charges 3 paise on intraday excluding taxes and after including taxes it comes out 5 paise. On delivery 30 paise excluding taxes and 48 paise including taxes.

ShareKhan provide online trading password through classic account, fast trade and speed trade. Out of these Classic and Fast Trade is free and they provide user id and password for these without any extra cost. Have you got it. And for Speed Trade they charge extra in the form of brokerage.

Sharkhan peple offering a brokerage model of 0.25 n 0.025% (yes, it is variable ) with an account opening charges of rs. 49/- only with an amc of 300/, operate by both online and phone.

sharekhan interface is quite complicated

sharekhan is good except customer care.

IndiaInfoline

Best for very small investors, terminal is too fast, as well as they offer 6th time exposure of your holding, no need to cash balance in your account.

There is no customer care number of indiainfoline where a person can call and tell his problem. The customer care number on the website is useless. When you call at that number, it says “you are in queue number X” you keep on holding to that call and after five minutes of repeating the message it says “you are in queue number X-1″ !!!

Trading software is very easy to operate

toll free no- 66489000

one people said- I’m satisfied with the software and service of indiainfoline, I’ve been recommending this to everyone who asks about brokerage houses to me.

Indiabulls

Good for demat and trading charges. They have shown me a tariff of rs.1650 (one-time fee) for online trading account and demat charges and no AMC’s.

deilvery-50 p and Intra-5p.

I heard some rumors that indiabulls doesn’t allow buying IPO’s

they provides ODIN software that is very good for online trading

both offline and online perspectives it can serve you quite well.
still another choice can be kotak

[All the above information may not be correct as it was taken from source like forums]. If any one want to correct it or want to add something please comment here.

Comments (35)

  1. Bhavin says:

    Have you tried Angel Broking’s online trading facilities? It is having 3-in 1 facility of ICICI Direct, ODIN platform of India Bulls, seamless services of Sharekhan, advisory of Motilal and moreover, it is personalised too. You dont have to go to call centre for your problems, you are assigned with a relationship manager, and their IT set up is also very sophesticated.

    even though , you feel there is a problem in connectivity, their people would be right there to answer your queries and you can also put offline trades.

  2. akshay says:

    Sharekhan is the best among all!
    IT financially stronger than any… here.
    my persnl experience…

  3. JM FIN : MKT WRAP.. Sensex +34pts (+0.2%) @ 14,874..Nifty -0.1%
    Volatile session with Sensex again facing resistance @ 15k mark.
    Sensex opened gap-up in line with regional cues but failed to
    hold ground & slipped 380pts fm the high only to recover fm mid-
    day & close in the green.. Fresh money fm FIIs continues to pour
    in while local traders booking profits..13/30 Sensex stks closed
    in green while BSE Adv/Dec 4:3.. BSE Metal Indx +2.5%,Auto +1.3%
    while Realty Indx -2%,Power -1.65%.. Momentum stks (IBREL -6%,
    RBXY -5%,RELI/HCC -4%,DLF -3%) were at receiving end..Oil Mkting
    cos weak (HPCL/IOC -3%) as intl crude pxs rally & proposal to
    consider deregulation of pxs still 6 wks away.. Index of Indl
    Production for 6 core infra industries grew 4.3% in Apr 09 – IIP
    for Apr to be annd on June 12.. Cash Mkt vols +7% DoD @ $7.2bn

  4. Chandu says:

    It is fact.. ICICIDIRECT.com charging very high brokarage compare to other Dmat & Trading accounts. If you are new to this area and looking to open Dmat & Trading account, my suggestion is don’t go for ICICI DMAT & trading account.

  5. canbank says:

    TRY CANARA BANK’S ONLINE TRADING SERVICES. CHARGES ARE LESS, SOFTWARE IS GOOD, CONVERSION ON A PARTICULAR DAY INTO ANY MODE SUCH CASHNCARRY TO INTRA DAY AND VICE VERSA PERMITTED, TRANSPARENT, CUSTOMER CARE EXCELLENT, ORDER OVER PHONE EASILY.

  6. satya61229 says:

    I know about sbi’s sbicapsec. It is total waste.

  7. Ajay says:

    go for Edelwiess, it is the best among all.

  8. Praveen says:

    Dont ever go with Reliance DMAT / trading account. Its is the worst among all.

  9. Anil says:

    ICICIDIRECT brokerage are really too high.

  10. Anil says:

    How is SMC with PNB ?

  11. I am working in IndiaInfoline as a Relationship Manager(Bangalore Zonal) and anyone interested in learning share trading or open a free online trading and demat account do get in touch with me.. We provide free technical analysis, Stock Research, Market Movements and sms tips..

    Trader Terminal features
    • Trade execution in a fraction of a second!
    • Live streaming quotes. Price watch on any number of scrips.
    • Intra day charts, updated live, tick-by-tick.
    • Live margin, position, marked to market profit & loss report.
    • The Lowest Brokerage on the face of the earth!
    • Set any number of price alerts on any number of scrips.
    • Flexibility to customize screen layout and setting.
    • Facility to customize any number of portfolios & watchlists.
    • Facility to cancel all pending orders at one click.
    • Facility to square off all transactions at one click.
    • Top Gainers, Top Losers, Most Active, updated live.
    • Index information; index chart, index stock information live.
    • Market depth, i.e. Best 5 bids and offers, updated live for all scrips
    • Instant trade confirmation.
    • Online access to both accounts and DP.
    • Live updated Order and Trade Book.
    • Details of pending, executed and rejected orders.
    • Online access to Customer Service.
    • 128 – bit super safe encryption.
    • Facility to place orders on the phone in all major cities.
    • Facility to place after market orders
    • Online fund transfer facility from leading Banks
    • Online intra-day technical calls.
    • Exhaustive database of over 5000 companies
    • Historical charts and technical analysis tools.
    • India Infoline’s world – acclaimed news service and research.
    • Lots more… Last but not the least, ideas that help you make money!

    Also existing traders contact me for brokerage negotiation…
    Ram Kumar B K

    IndiaInfoline

  12. Dinesh says:

    what about ventura???

  13. neha says:

    reliance money new brokarage charges effective from august 2009 are more than ICICI DIRECT for intraday, delivey and for future and option. they are sucking peoples blood

  14. ASHISH says:

    RELIANCE MONEY EFFECTIVE BROARAGE IS 0.65%. THEY ARE MAKING FOOL BY CLAIMING THEY CHARGE 0.45%. CHECK OUT FOR YOURSELF

  15. saurav sultania says:

    Share khan is a fraud company . I have recently opened account with Sharekhan and to my surprise i got a Contract Note on email on which there are certain trades done .

    I never did any trade . These cheaters from Sharekkhan traded on my account .

    They charge huge brokerage in Intraday . 10 paise is looting . In options they charge 100Rs or 2.5% which ever is higher .

    ICICIdirect is best . They are honest , secure and brokerage is resonable . There product facility are unmatched in market

  16. krishna says:

    Ram Kumar B K, I am interested, send me a mail with your details.

    Kris

  17. sunil singh says:

    he anyone gives margin to keep for 5 days .as i think in sharejkhan we have an option where we keep our shares which are taken in margin for 5 days ..in short we get 5 times exposure for deleivery also ..but only for 5 days .
    do contact me if anyone of u is like this my no is
    and i will be doing trading on around 5-6 L ..lets talk about this on fone or mail me ..

  18. Raj says:

    ICICIC IS WASTE

  19. Pala says:

    Mr.Ramkumar, I am interested in India Infoline . Please contact me at pala363atyahoodotcom. Or provide your mail id. Thanks.

  20. soom says:

    can anyone have idea of r.k.global and loyalty towards his customer with option brokarage.

  21. inderjeet says:

    reliance money is worst in on the earth

  22. Bidyut Chatterjee says:

    After a detail systematic study of almost all renouned brokers of India I found Indiabulls is really the good one with its Power India Bulls ( PIB ) S/W platform ( real time ). It would have been considered to be the best if it could provided ODIN-Diet S/W platform which I consider is still the No.1 platform as it can connect exchange-server directly not through broker’s server.
    By the way I have opened account with Indiabulls and am very stisfied. Their help desk is very helpful.

  23. Anonymous says:

    angel is waste

  24. Ragu says:

    what about sbicapsec?

  25. srinivas says:

    I really feel Edelweiss is the best platform for trading after trying with ICICI direct,share khan and india bulls

  26. mukesh panzade says:

    sharekhan is very good service proveder company and they are allways help to the custmer . i like the shrekhan

  27. kamal gill says:

    hi , i am planing to invest 5-10 lac , i was thinking to go with sharekhan but i found out so many complaints against them that i have changed my mind , plz suggest me to find a good realiable compeny . i cant afourd to take rick with my hard erned money

  28. NEHA MEHROTRA says:

    you can opt for India Infoline, the best broking firm in India.i m in all way satisfied and delighted as well.

  29. CA Ashu K. says:

    icici & Sharekhan-Brokerage is high.
    I want to open a new account.
    Which is better -indiabulls or infoline ?

  30. dhivagar says:

    please don’t go to indiabulls.software only is best & customer service is worst

  31. Paul says:

    I was holding Dmat account with ICICI Direct.They are utter waste company.Employees are not professionals.Employees does not have idea about companies policies and proceediares.They are charging lot of hidden ecpenses.So do not go with ICICI.

  32. vs patil says:

    Hello All,

    I am also client of SAI INVESTMANTS.

    Mr. AMIT GHATOL helped me out to open my online TRADE TIGER a/c.
    Servise is Awesome, low brokrage, excellent tps according to client profiling.

    My TRADE TIGER a/c enable me to see charts, graphs, research, & last but not least BSE – NSE Cash, F&O, Derivatives, Commodities, MF, IPO on single screen. One more thing is, they gives us 15 days free trial offer for “Sharekhan Fourtune Finder” .

    Fourtune Finder is giving so Sexy calls for cash trading & delevary which hits 90% success ratio & also they show’s treand accordingly you can decide go long or short…..15 dino baad 500 rs. per month……lekin paisa banta hai….wandha nahi…

    (Plus 5 days sq. off bhi hai……10 times limit…aur bolo kya hona???)

    Apna aur ek usul hai….kam brokrage toh kam servise milna hai…..so jyada zik-zik maat karo….

    zik-zik karo lekin servises ke liyee….Sharekhan main a/c khol dala toh life zinga lala……

    You can Talk with Mr. Amit Ghatol (Sai Investmeants, Sharekhan Franchisee, Pune) on 9823020339

    Thanks & Regards

    Vikas Patil
    Sharekhan Client
    Pune.

  33. Ajit Jagtap says:

    I am totally blind about Share trading.
    I am interested to invest in share market.
    I want to open Online trading account,but i am not satisfied with above comments so pls tell me
    which is the best account,I am existing Saving account customer of ICICI Bank so i am preferred ICICI Direct, Can this is right decision or wrong

    1.ICICI Direct
    2.HDFC
    3.kotak securities
    4.SBI
    5.India infoline
    6.Indiabulls
    7.Reliance money

  34. robin rai says:

    Dear custmors,
    Forget your investment problems from now. india infoline ltd providing following services to our clients
    1. fixed income plans up to 15% (guaranteed return 12% to 15%)

    2. high gain plans up to 30%

    3. Portfolio Management Service

    4. Best tips for commodities & equity from our Research Analysts team

    5. Stock Picking done by the Investment Committee

    6. flexible brokerage plans as per clients demand

    7. online & offline trading a/c (life time free maintenance option for demat a/c *)

    8. best equity S.I.P plans etc.

    So First you watch our daily FREE tips for commodities & equity from our Research Analysts team Then open A/C

  35. gaudham says:

    Hi,

    Account openings with any of the above said firms are similar, all of them are nbfc. the problem with retail investors is that u wanna make money like just drinking a glass of milk. finding good broker and reasonable charges is important but how many people are making profit here, and why r u not concerned about ROI ? have u ever asked your Relationship Manager, what shares are worth watching ? beyond technicals, have you ever examined the product lines, and simple data like sales. RM, who is managing 100 clients, working for his salary of 15000 PM, is not going to make you millionaire overnight. How many here understand investing is a serious business. so is risk management and portfolio maintenance. When a man asks me, what is the minimum investment i can make, my answer is nothing, and i would hang up. you want trade below 20000, do it yourself. i am concerned only about people who are serious investors. intra-day profit makers sucks according to me.

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