Hello friends basically I write reviews when I get frustrated from service provideros from different groups and where I want to prevent someone where I burnt my hands....SO THIS REVIEW IS VERY HELPFUL FOR ALL STOCK INVESTORS WHO R USING ONLINE TRADING.
my story with idbi started in january whn all my friends r making money from stocks and I thought its better to do experience rather than to see from outside, so finally I have decided to trade in stock market and its final that I want to trade online because I dont want any broker to talk with. now my research start for online trading....i shortlisted icicidirect, sharekhan, indiainfoline, reliance money and many others famous...but I rejected icicidirect and reliancemoney after reviews read on mouthshut and also I visited them personally and found its true wht written.i also didnt like listed broking house because I know they must b lacking in service....so I was in search of one banking broker house....at that time I came across idbipaisabuilder...i visited their site..i find its good with good research. now I want to go idbibank, ahmedabad to check it personally and the staff....
idbi staff informed me idbicapital is different from idbi but subsidary of idbi bank....i have to 1st open savings account and then I have to apply for demat account and after 15 days my trading account will b open..the staff was very good and responsive and also didnt give any false promising. I did it and my savings cum demat account was opened withing 10 days.then I met idbicapital staff and inquired about trading account ...they asked to apply and told me it will take 15-20 days to open account if all the documents were ok....the staff is also good...and my trading account was open at 30 days . now I was using it for almost 45 days and below was my experience.
-the website idbipaisabuilder is good with good research for intraday, short term and long term stock recommendation..i fount 70 % of that is correct.
-no server down problem even on day where market crashed ...i can purchase shares just within 2 min. I can also use limit orders
-easily fund transfer from idbibank account to trading account within one click...never experienced problem like fund not credited and all which some clinets expe. with icici and others.
-daily trading records with bill including brokerage, service tax etc and easily understandable by anyone.
-brokerage is .50 paise for trading upto rs. 200000/month and decrease with higher volumes
-the most important no hidden charges other than included in chargelist.
-one time trading fees is 700 rs.
-software for trading is not as advaned as used by indiainfoline but there’s no problem for marketwatch and so I think its not a problem.
-didn’t check online ipo or mutual fund service otherwise back office service for manually dealing in ipo or mutual fund is good.
-the main thing I never face any problem which experienced by other traders from icici or relince money.
some negatives.
-no proper marketing make someone to think more to go for it ...but only advertisement cant make as with icici or reliance.
-someone can say brokerage is high but its affordable against other hidden charges.
-we cant buy stock if there’s not money in our account which facility provided by some brokers...
atlast I think its better to use it and go for it........in compare to well known other.