Hi,
i promised a summary and I shall gv u one
ICICI-web browser based.Excellent for newbies. No errors in transactions. Dont tk their recommendations though.(excellent research but its more based on fundamental research and should be only taken for a long horizon.Intraday calls are mostly wrong).Not good for traders.Highest Brokerage charges.total incl STT, Service tax will be ard 1.02%roughly.
5 paisa-Exe based.Sum time delay But manageable.Excellent for traders.Good calls -70% hit approx.brokerage cheapest for delivery 0.3%(approx incl ...u kn)
Note:pls note the charges for service tax, STT, Turnover.they change the actual thing u get in ur account.icici charges .75% but comes to total more than 1%.similarly for 5paisa its .25% but nearly it comes to .33%
Religare-great ad.made one single call.talk of 0.5%.too high for me
motilal oswal-supposed to gv 1000 rs monthly (any turonver deal).but man, are they bunch of useless guys? more than 10 calls to the head ofice and still no account. now even if they gv me free brokerage also still i am not going for them. what will happen when there is transaction problem or any other issue.
Reliance- plenty bad stories on net.too slow software.but cheapest deal. for 2500 rs 60l delivery and 5.4cr intra day. additionally 12 rs for every order.Mr Anil Ambani..........ur vision is good but lets spend sum money on the software or better kick the developer where it hurts and whola....I am all for you.
Sharekhan-reports of using ur money by mangers to do intra day profit.....................high brokerage.0.5% .sent one email. recd one email and no follow up.
https://im.rediff.com/money/2007/jun/06on.jpg
Summary of Summary:
For newbies/low turnover-ICICI direct.
For traders/good turnover-5paisa
For ppl who respect money and love stock market-Combination of 5pqaisa+reliance money on two laptops-Check prices on one and transact on other....well thats me.
There are many quantifiable things which I can put down ..turnover based ....chnage over cost so should u need some more info buzz me .....i shall fill in more specific details for the inquisitive....
Chill