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ICICI Securities

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ICICI Securities
Ankit Mathur@traderankit
Sep 21, 2004 11:46 AM, 3231 Views
(Updated Sep 21, 2004)
Investors new to online trading -> Go for it...

The lines don’t get jammed here as they do sometimes on trading terminals like 5Paisa. Really except in ONGC IPO time I haven’t found any problems for executing an order. Sure sometimes it looks slow on dial-up but once you are on fast buy/sell page your order will get executed in seconds even if you are having only decent enough speed.


All users have to logon to their specific account and then do the trade. Probably 5 paisa may be a lil’ useful here as some users complain of IDIrect taking too much time to bring to the main trading screen and as I mentioned in dial-up maybe rightfully so. But no software problem arises out here since everything’s done through the site itself.


One very important point that is very useful to new users of online trading esp. of new investors is that unlike other brokerage houses it doesn’t allow you to overtrade then what u can pay for. Amount has to be allocated from the attached bank account for trading in markets and trades are allowed only if you have allocated the requisite amount.


If you have allocated 10000 even when you have 100000 you are allowed to trade only with 10000 for delivery based trades. In margin one can sure play more than the amount allocated but then they square-off your position automatically if you haven’t done so before the current trading session ends and if you want to convert ur trade into delivery only the amount allocated for trading is worth conversion to delivery. SO BASICALLY IT MAKES ONE REMAIN IN LIMITS OF HIS/HER SPENDING ON SHARES.

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