ICICI Direct is one the most expensive brokerage sites. It charges almost 1% as brokerage, and 500/- p.a. to maintain an account and then on that of it, although NSE and BSE work on T + 2 system (the payment/share transfer happens 2 working days after the transaction date) ICICI wants all the shares/money upfront (even before the actual transaction happens)
I was living to all this crap thinking that since I do not transact very often, this high brokerage should not reduce my profitability much. If you charge premium prices, then give service worth it. But all you will get from ICICI is either very slow website or website down. Market (esp the midcaps are up today, but ICICI website was down all day. Hence I could not make the sale on time. 🙁
here is the snapshot of the most familiar page on ICICI-direct.
Luckily I do not indulge in Day trade or did not have any open futures contract, otherwise i cannot even imagine how big a fortune i would have lost.