The above title is incomplete. You must avoid ICICIdirect.com to save your money as well as to avoid high BP.
Well
if you have already dealt with ICICIdirect, then you would know what I
mean. In case you have not here a shortened version of the long list of
"Whats wrong with ICICIdirect"
I never seen( or even heard) of any brokerage house charging as high
as the ICICIdirect.com does 0.75%! You will lose almost 2% of the
transaction value on a delivery-based buy and sell transaction.
This is second most important reason not to use ICICIdirect.com. Apart
from regular downtimes for the ICICI website, any day the sensex loses
heavily, the website would be down. There are so many users and their
servers just can’t cope up. Reminds me of the tag line "Part of a crowd
or Stand apart".
How would you like your hair cut done by an untrained professional.
Can’t imagine how would you look? Well similar is the case with ICICI.
Most of its personnel( atleast those who interact with the customers)
are fresh out of college, in this job just to earn quick money. Ask
about the procedure for resolution of an issue to 3 different people,
you would get 3 different answers( wanna bet?).
Read more about ICICIdirect.com and other financial products at my blog https://chawanni.blogspot.com
Regards,
Chawanni Advisor a.k.a. CA