I was new to this trading thing and with all the IPOs and FPOs I decided to cash in and open a Demat and trading account.....after a lot of searching I finally ended up at Geojit.....since rest every one was chargng atleast 1000 rs for account opening and Geojit wasn’t charging me anything I went ahead and opened my account with GEOJIT.
After opening my account did a few intraday trades.......my trading budget was low....i.e. 10000rs only.......so I traded in different shares in small packets....and for each and every trade I was charged rs 22-23 to my surprise because this information was purposefully hidden at the time of my account opening. I simply dont remember anything of this sort being told to me. As for someone like me this type of charge is simply a deal breaker. It will only be useful if a single trade is more than Rs 10000 or more otherwise it will eat away your profit or add to your loss.
Also, the software they provided...FLIP for online trading is nt so great.......I wasn’t impressed by it. I opted to withdraw some money from my trading account back to my bank account. trhough the software......i didnt happen finally I was informed that I had to do it through the Geojit website............
I would suggest you guys not to fall for their claims...........better go with Indiainfoline for online trading ....atleast they will not decieve you at the start and every penny charged would be known to you in most conditions...........
hope you guys find it useful
Thanks...........