ICICI direct is a comprehensive website, yes? its very user friendly, once you register to the site, a whole range of support and information is provided to you. These people would send you market reviews, various companies? information and history, when to buy shares and when to sell? they would help you everything?
Well that was a goodie part, now lets get down to business, how much will they charge? now I don?t want to be quoted, and you might want to consult the bank reps as well?
The bank would open an account and would charge Rs. 750 initially; the account they open is a minimum balance a/c (I think its 5, 000), now then? I am not sure if there are any annual maintenance charges to this or not.
The brokerage? ICICI would charge you 0.75% on every transaction, you buy or sell they charge money? but then thats ’’the rule’’ of ’’the game’’...
There are other options as well, you could try Indiabulls or Sharekhan.com, their brokerage is less, (I think that would be 0.15% incase you sell your shares the same day and 0.50% incase you wish to stick on to them for more than a day) and they too give the same support?
ICICI direct is a popular way of trading online. In the ?Rush-hours? the website may be a little sluggish, but there are ways to get around it? you will learn once to get into the grind.
I would give it an overall rating of 3.5 out of 5?
Take it or leave it? it?s completely your call ;)
Thanks for your time?