Then here is something that you must read:

Online Trading: Woes and Solutions

The article does cover many of the problems that online traders face. (Also see the comments at the bottom of the page).

I use Indiabulls’ “Power Indiabulls” for online trading and have rarely faced any problems in last 2 years. I have read a few complaints about Indiabulls – especially about RM’s trading in customers’ accounts without consent.

I interact with many traders and investors on daily basis. From the feedback that I have got, it seems Indiainfoline, followed by Indiabulls are the best suited platforms for online trading.

I also have an account with ICICIDirect.com.

ICICIDirect.com isn’t suitable for active traders. ICICIDirect.com is too slow and the charges are too high.

Reliance Money still has a lot of problems.

There are rarely any problems with the Indiabulls’ online trading problem, but I am still not satisfied with the offline service. Sometimes the RM is unreachable. Even when I am able to contact the RM, he doesn’t seem to have the complete knowledge about the regulations, procedures etc.

Also, due to the complaints that I have read online about RM’s trading without customer’s consent, I always keep a minimum margin with Indiabulls.

(It takes only 2 minutes to transfer money from your online banking account to your online trading account).

With a fully integrated online trading platform, ICICIDirect.com is safe and secure.

Besides the online trading facility, customers will also have an option to call and trade.

According to ICICIDirect.com, around 1.7 million customers are currently using its online trading platform.

Anup Bagchi, executive director at ICICI Securities adds that around 33% of the total population and 50% of the work force in UAE comprises of Indians. Bahrain has around 290,000 Indians. This means there is a large potential for ICICIDirect to expand its customer base in these regions.

Besides the online trading facility, ICICIDirect.com will also launch educational campaigns for NRI’s at various overseas locations with a special emphasis on F&O trading.

Derivatives can be used for speculation as well as risk-management. This online trading facility will be allow clients to hedge their positions in volatile markets.