Im looking for alternate trading platform who dont have ban on strike price. as a option writer i find it increased risk for writing short range strikes as zerodha quickly capping its open interest, so market breaks the breakeven point pretty quick writing a narrow range options.
I found icici direct has same brokerage fee so i have few question before creating account.
Is their trading platform stable without downtimes
Does their open interest also reach maximum? anyone experienced ban on strike price?
does sinsibul works without problem
Any other issues?
also please let me know any other good discount broker with stable platform and no strike ban.
When I was starting out in 2021 I used ICICI direct for some time. Their Neo plan is 20 rupees per order, but you must pay 299 per year. The charges and p and l can be clearly seen. They did have downtime a couple of times, but as often as any other broker. Their interface is not at all good. But if you have an icici bank account money moves between your account and trading very quickly. And if you buy and sell shares the money (up to a certain amount) is credited to your account within 30 minutes.
Sensibull works, but back then they didn’t have the same sensibull discounts with ICICI as they did with other brokerages. Not sure now.
I switched to SAS Online because my capital is small and I overtrade. But if I had large capital I would definitely use Icici direct as one of 2-3 brokers.
yea 299rs/yr is no issue, last week alone my brokerage was 3k.
icici also have prime plan of 4999/yr but its 10rs/lot, not sure if its mistake or real for a high priced plan.
1st time hearing about SAS, i will check it out.