I have a horrible experience with Indiabulls. They are simply cheat. I was new to share trading. They somehow convinced me to open an trading account and told lots of things about Relationship Manager assigned to individual. Within span of 1 months I had three different RM. Each one was good for nothing. Initially they don’t tell you the brokerages for scripts, F&O , the service tax amount etc. They always try to convince you buy F&O which is beneficial for them as the brokerage is much higher (every 50 share Rs 100) . They did not bother to tell me this. I invested 15000 initially to check how they perform.
Within span of 2 weeks the amount reduced to 7000. By simply doing F&O trading number of times they just get the benefit of huge brokerage. Their Managers instruct them to do this. When I came to know this it was late and stopped trading with them. The RMs do not know much about trading. They are recruited just to fool the customer. My advise would be if you are new to trading do not go for indiabulls. Also prepare yourselves thoroughly before embark into the trading market. There are people around you to cheat you. Beware of them.