Wrong opinion Post Taken down by author.
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not sure how full service broker will be better for a professional trader…
i have exact opposite view , for newbees full service brokerage is good but for professionals discount brokerage is good…
option trading will be very difficult with full service brokerages … you can consider moving to other discount brokers or with a broker who gives flat brokerage plan
i used both sharekahn and anand rathi … probably will never go back to them
relaince is good though
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U can bargain and get best brokerage from full service brokers. That way it will be better for professional traders
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if a ship has started to play a role in your journey then learn its time to change journey and not ship.
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Full Service brokers are for those who had a day job and no basic idea of finance.
If you can’t control on your trading behavior then that’s your problem. I recommend getting a good therapist. If you are unhappy with Zerodha and there platform then there are plenty of discount brokers out there.
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There are cases where people have moved from full service brokers to Zerodha, so it is case to case, circumstances, bad experience etc… There are cases of bad experiences with the No.1 bank, No.1 Airline, No. 1 Hotel etc… but they are one of cases, hence conclusion based on them is not appropriate.
If you need cheap execution, discount broker still is the best bet is my opinion.
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Guys can u use initcaps and space out, its impossible to read what u wrote
Also your reasonings dont make sense, if you are disciplined trader, u wont enter waste trades
Doesnt matter the brokerage
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The guy is unhappy with Z. Saying farewell to the remaining ones.
there is a solution to all this things, unless you do scalping.
have TRADETIGER as your study platform and KITE for placing orders. you need not to maintain even a single rupee to have TRADETIGER, and can save brokerage while firing orders through KITE.
hopes its help those who are lossing money , here is a newly uploaded video regarding " practice stock market trading while doing your job easy method part 1 hindi " i am still too confused about practicing intraday or postional trading
I dont agree with main theme here. The full service brokers investing more and offering better platform than discount brokers.
First, not only in India but worldwide, discount brokers offer the best trading platform, for example MT4 or Interactive brokers platform are far better than any full service brokers.
Second the discount broker model was built on online, low cost model. Full service brokerages were built for manual operations and hence carry the cost structure of legacy systems. Its not that discount brokers want to charge less but they can afford to charge less. Discount brokerage is part of new “gig” economy.
Third full service brokers often try to “catch up” with new start ups in terms of technology and services not “lead”. They offer cosmetics like in-house research and trade ideas to compensate for higher cost. This is of no use to a pro trader who understands what trading is.
According to me, problem with Zerodha is that they have grown too fast. My suspicion is that their systems have become a kind legacy system which can not support “scaling up”. To solve this they need completely build a new system from scratch and that’s what they are trying to do by abandoning Pi and investing in Kite3.0. Therefore in the meantime, the solution for traders is to look for another discount broker with time tested systems and policies.
That’s what i did some 9 months back.
As for as over trading is concerned, the only magic bullet is to develop mind control and self discipline. Moving to high cost broker will do nothing in terms of mind-set
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what brokerage you are getting with sharekhan?
Yes the higher you pay you have to become surer of your trade.
Okey. I am commenting here just so that this thread gets deleted asap. I have some weight with mods here. Neways, it’s way better if you go with IB - they are discount brokers with international reputation. And their platform have NO match in Indian broker platforms - even trade tiger.
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are many people jumping over there? i haven’t heard much about them except here.
i tried (interactive brokers) software it is just 4 mb, it hangs. PI is far better than that.
How much leverage does Sherkhan offers on BO/CO for spot equity? Also whats their brokerage charge? @KarthikNarayan
as far as i know they don’t even offer leverage For futures there is no option for MIS. that is fine for me as i trade only NRML. right now after paying 10k AMC and 920 dp charges i get (0.045%) per side.
Main problem is frequent breakdown of zerodha servers, basic execution should not be compromised either it be a discount or full service broker,i have seen myself zerodha servers going faulty compared to sharekhan like today.
Zerodha is great but it lacks basic stability during voltalite days which is the most basic thing, other gizmos n gadgets dont count if basic execution faces technical breakdown.
I hope zerodha improves on this then it can be unbeatable.
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may be some one losses because they are not trading in mcx
here a small help for you
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