Money looters. Review on Sharekhan

Boss,

Never try to trade a penny stock using sharekhan........ You will end up loosing everything..... They will tell that brokerage charge is only 0.5% beforehand and nothing extra. But came to know that the min. brokerage fees is 10 paisa per stock. If you buy a stock for 0.4 rs, It will become 0.5 rs with brokerage. This means 25,000/- will be lost in brokerage if you invest 1 lakh. Terrible........ When I asked them, they gave a negligible answer saying they can't help.. Requested them in various ways to waive the brokerage fees off on this particular transaction so that I would not make such transcation again. It went of no use. Before phoning them, I sent 6 mails to them with no response at all.

Imagine a 25,000 brokerage fees on 1 lakh (25%)!!!!!!!!!!. Too much.

Also observed many system issues with their end of day ledgers and “my portifolio” section. Several times, I did not see the stock the “portifolio” section to the next day I make some transaction. I have to send them a mail to get it corrected. This is pathetic that I have to follow each and every transaction I make and guessing for some bugs in the system.

I am writing this.. not to abuse sharekhan... but just to save my friends from getting cheated like me. this can the scenario with other brokers aswell. Check ASAP. I just want to warn you people to be careful as it hurts people more loosing money in a cheating like this when compared to investing in a bad stock.