It was around end of 2012 that my Advance brokerage that I had paid with my broker finally was getting over and I was searching for a new broker..Did my survey on the Internet..
RK Global/BMC Wealth creators were the obvious choices considering I was based in Kolkata but the reviews for these brokers were not very favorable online...Had heard a lot of complaints against them..Chanced upon Zerodha a broker based out of Bangalore..
Was hesitant at first because I had never heard of them but decided to give it a try...When I spoke to their Sales Executive he was reasonably well informed and gave me the details..
Opened an account in my wife’s name..The account was opened in 2 days...Have had issues with the trading terminal hanging but this was resolved by the customer care..
Pros:
a) Quick Account Opening
b) No hidden charges
c) Decent Customer Service
d) No call from RM asking me to place trades.
Cons:
a) No Local Support.. Have to call STD to place call and trade..
b) Less Leverage for trading
c) No trading tips
Overall I would recommend Zerodha to someone who has trading experience..