BROKERS! What they do...

Leo · 1 BROKERS! What they do... Mon Dec 05, 2011 11:10 am

Leo

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Why cant direct trading done without brokers. CSE and SEC must think about this too. On stock investors view, brokers are doing nothing exept sending the sold and brought notes. If they give an advice , definitely the opporsite happens. I really had some good experiences of this. So now i dont even bother about what my broker says. They could be creating major problems in this market.

I know many of you have the same experience .
we will try to at least discuss till some one powerfull see us.

Last edited by Leo on Mon Dec 05, 2011 1:46 pm; edited 5 times in total

Pragee · 2 Re: BROKERS! What they do... Mon Dec 05, 2011 11:17 am

Pragee

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My broker is the one who ruined me at the beginning. (@ASI)
He just wanted to make some movements from my cash.
Later I understood only my own studies will work...

I hate brokers!!!!

I agree with you, since we are trading independently with software, what the hell we are giving a commission to them, indeed for no advices or tips...

Dear SEC,

Please create two categories of investors who need a broker and not. Then give the benifit of the broker commission to the investor, who directly trades...

kam2011 · 3 Re: BROKERS! What they do... Mon Dec 05, 2011 11:19 am

kam2011

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Leo wrote:Why cant direct trading done without brokers. CSE and SEC must think about this too. On stock investors view, brokers are doing nothing exept sending the sold and brought notes. If they give an advice , definitely the opporsite happens. I really had some good experiences of this. So now i dont even bother about what my broker says. They could be creating major problems in this market.

I know many of you have the same experience .
we will try to at least discuss till some one powerfull see us.

You are very correct. Most of them are not financially sound also. That is why some brokers through their agents posting here against credit.I don't know whether SEC/CSE has developed a proper criteria to evaluate application for approving of broker firms. SEC/CSE is very poor in that aspect too.

Leo · 4 Re: BROKERS! What they do... Mon Dec 05, 2011 11:23 am

Leo

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Pragee my was also ASI. He ruined me three time. phoned me personally and made some imediate buyings . Yet i couldnt recover the loss.
Hate broker.
No point in paying commision. They are the blood suckers.

thilankad · 5 Re: BROKERS! What they do... Mon Dec 05, 2011 11:30 am

thilankad

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IF WE KNOW HOW TO DEAL WITH DFN WE DON'T NEED ANY BROKERS

I NEVER SAW MY BROKER BUT I TALKED TO HER ONCE ONLY

Leo · 6 Re: BROKERS! What they do... Mon Dec 05, 2011 11:33 am

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Pals shall we really and practically get in to this matter. Meet. And sign a document and hand over to SEC and CSE? I dont want to pay money to this cheaters. (brokers)
They are making easy money with our hard earned. And trying to bully us when ever they can. And support and manipulate.

Deva · 7 Re: BROKERS! What they do... Mon Dec 05, 2011 11:47 am

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I am also of the same view. As most of us are doing on-line trading we do not need their services and should we pay broker fees/commission?

dsam · 8 Re: BROKERS! What they do... Mon Dec 05, 2011 12:06 pm

dsam

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agree,I call my broker only to ask my cheque is ready.pointless to pay broker's fee as when we using on line trading.

Leo · 9 Re: BROKERS! What they do... Mon Dec 05, 2011 12:09 pm

Leo

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CSE can increase their charges a little and remove the brokers and their cost to investors
whats the mechanism of trading in other countries? Do they have brokers too?

suchithra · 10 Re: BROKERS! What they do... Mon Dec 05, 2011 12:23 pm

suchithra

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Or else companies can come to Sunday market with their prospectus and annual reports n do their transaction........ That will keep our tradition also alive...... hahahahaha

Universalgoal · 11 Re: BROKERS! What they do... Mon Dec 05, 2011 2:58 pm

Universalgoal

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must reduce broker credit imidiatly

Leo · 12 Re: BROKERS! What they do... Mon Dec 05, 2011 3:20 pm

Leo

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Good option. Why pay for doing nothing?

RIYAD · 13 Re: BROKERS! What they do... Mon Dec 05, 2011 3:45 pm

RIYAD

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Really brokers do nothing, we can give advice to the stock brokers what will go up & what will go down.They are getting the commission complementary from us.

Leo · 14 Re: BROKERS! What they do... Mon Dec 05, 2011 3:48 pm

Leo

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Good, we advice and they get paid Very Happy

bakapandithaya · 15 Re: BROKERS! What they do... Mon Dec 05, 2011 7:08 pm

bakapandithaya

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No job, but earning money Sad

Trillionaire · 16 Re: BROKERS! What they do... Mon Dec 05, 2011 8:15 pm

Trillionaire

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I totally agree with you! Smile

gamaya · 17 Re: BROKERS! What they do... Mon Dec 05, 2011 8:47 pm

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Generally speaking they are an arrogant, often misleading data entry operators; and we have to pay money for that. I hate SC and Cap trust. If we going to forward some kind of proposal, I am in.

Its pretty stupid to waste money on them when online platforms can be established to link with CDS.
CSE can implement this only on a cash basis as a pilot project. But CSE is made up of brokers, thats the hitch.

I hope this, if properly implemented, will give a big boost to market.

Leo · 18 Re: BROKERS! What they do... Tue Dec 06, 2011 7:42 am

Leo

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Seriously guys shall we get to gether and make a proposal and hand over? Just talking about the issue is not enough. We have to take some action

If brokers are not there the markets will operate smoothly too. We wont be played out too.

How are we going to start?
Shall we list down in this forum ,our problems, what happened to us with brokers, our broker experience?

And then meet and finalise and hand over?

Or shall we meet first?

manula · 19 Re: BROKERS! What they do... Tue Dec 06, 2011 10:26 am

manula

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no point of paying money becasue all of us buying through the software. Only if money does not go to bank on time i am callling but that time also very diffcult to catch him. Every time brockers are simply saying busy. For that we have to pay the comission

market bull · 20 Re: BROKERS! What they do... Tue Dec 06, 2011 10:40 am

market bull

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In my point of view,sec will be able to introduce two commission rates for online traders & other traders(ex phone).That should be happened immediately.

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BROKERS! What they do...

1 BROKERS! What they do... Mon Dec 05, 2011 11:10 am

Leo

2 Re: BROKERS! What they do... Mon Dec 05, 2011 11:17 am

Pragee

3 Re: BROKERS! What they do... Mon Dec 05, 2011 11:19 am

kam2011

4 Re: BROKERS! What they do... Mon Dec 05, 2011 11:23 am

Leo

5 Re: BROKERS! What they do... Mon Dec 05, 2011 11:30 am

thilankad

6 Re: BROKERS! What they do... Mon Dec 05, 2011 11:33 am

Leo

7 Re: BROKERS! What they do... Mon Dec 05, 2011 11:47 am

Deva

8 Re: BROKERS! What they do... Mon Dec 05, 2011 12:06 pm

dsam

9 Re: BROKERS! What they do... Mon Dec 05, 2011 12:09 pm

Leo

10 Re: BROKERS! What they do... Mon Dec 05, 2011 12:23 pm

suchithra

11 Re: BROKERS! What they do... Mon Dec 05, 2011 2:58 pm

Universalgoal

12 Re: BROKERS! What they do... Mon Dec 05, 2011 3:20 pm

Leo

13 Re: BROKERS! What they do... Mon Dec 05, 2011 3:45 pm

RIYAD

14 Re: BROKERS! What they do... Mon Dec 05, 2011 3:48 pm

Leo

15 Re: BROKERS! What they do... Mon Dec 05, 2011 7:08 pm

bakapandithaya

16 Re: BROKERS! What they do... Mon Dec 05, 2011 8:15 pm

Trillionaire

17 Re: BROKERS! What they do... Mon Dec 05, 2011 8:47 pm

gamaya

18 Re: BROKERS! What they do... Tue Dec 06, 2011 7:42 am

Leo

19 Re: BROKERS! What they do... Tue Dec 06, 2011 10:26 am

manula

20 Re: BROKERS! What they do... Tue Dec 06, 2011 10:40 am

market bull

21 Re: BROKERS! What they do...

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