icicidirect.com cannot withstand Indian Stock market swings

Tony — Tue, 22 Jan 2008 06:20:12 +0000

For the past half an hour, I have been trying to make some buys, so that I could at level out my losses, or even make a profit, and I can’t bloody log into my account. The internet speed is like a freeway here, and I can continuously stream youtube, but our Icicidirect won’t open. What is the use of an internet trading account if the website cannot respond on such a critical day? Just because I can’t login, I don’t know if I will lose potential profits, or even make a loss. Because my portfolio is lying unattended when the market is fallen by more than 1500 points.

This is trading account for god’s sake. Why would I need an online trading account if I were an IPo investor. I buy and sell shares according to market movements and I bloody want the service provider, whom I am paying a premium, and brokerages in thousands, that they at least provide me with a website that is not DOWN. For god’s sake. I had a kotakstreet account which I closed because I thought they had an IT insufficient infrastructure. I am paying a brokerage about 1% with ICICI, which is about 300-400% average brokerage, just because I thought they had a robust IT infrastructure and won’t fail me.

I definitely don’t recommend icicidirect.com as the preferred broking services, even after spending more than 4 years of trading and brokerages that I can’t even think of. It sure is time to switch to a new provider. If you know any Net trading set that was not do today, do let me know by adding a comment.

And the brokerage that I paid in the four years. All for nothing.

Anthony Tongbram's Blog » Finance

icicidirect.com cannot withstand Indian Stock market swings