Hello! Recently I have been trading with HDFC Sky for my MTF trades because Dhan has been making changes to its MTF which is the reason it has paused and Zerodha’s MTF is still 1-2 months away.
They say, a picture is worth a 1000 words. HDFC Sky has royally lived up to the name of HDFC group with its not-so state-of-the-art systems. Check the screenshot. Nothing more than a joke of a platform.
Whole day the value moved up and down but it stayed stuck at the headline P&L. They can’t even make a simple calculation. For investors, it wouldn’t matter but traders please stay away.
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Apparently, I couldn’t also square off the position because the buttons weren’t working either.
They have made a nice-looking modern design in HDFC SKY (though the UX elements and ideas are mostly copied from Zerodha and new brokers), but that’s about it. I’m not surprised that it is buggy, most HDFC digital offerings are.
ICICI direct is a joke too. Due to the currency lot restrictions in force sometimes at Zerodha, I thought of trying out with ICICI direct. First step was to pledge my liquid SGBs to get margin. However as per their support:
What are the charges applicable on shares as margin in commodity and currency segment?| ICICI Direct one has to pay interest using this method and there is no clarity of pledging cash equivalents like liquid funds or SGBs. If you write to their support, you will get idiotic answer such as “We thank you for writing to us. Kindly provide a screenshot of the error you are facing so that we can help you”. It becomes clear that their support team has no clue.
HDFC Sky isn’t modern looking in any way. Best described as amateurish.
In ICICIdirect, surprisingly, my experience remains good 7 years and running. Actually ICICIdirect UI has grown on me.
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I agree, HDFC Sky is definitely not modern looking. Quite un-sophisticated in my opinion. And usage of fonts and screen real estate is just cruel. Just look at the stock page. OHLC data block takes as much width as the entire chart.