Being an Online Trading site, we can very well avoid those cheques and
selling instruction booklets.
But the site never shows real time data. Its always 2-3 minutes behind the markets.
They allow margin trading only on 75 odd stocks. So flexibility left to us is next to nill.
And the fun part - U got to square off ur positions by 2.10 pm. Fun isn’t it ?? If we do not, they’ll square it off happily and losses are always ours.
So unless u are an investor with a time crunch , do not go for it. Strict NO-NO for trading people. The limits /stop loss is a must while placing the order. so before even u realise, ur stock stop-loss would have executed.
On budget days, High volume days, the site is almost down.
Brokerage is 0.85% . The highest brokerage in India.
Small time investors for online trading can try out Kotak or 5.Paisa.
Dont go for ICICI - learn from others’ mistakes.
Arun Anand
https://arun-p-anand.blogspot.com