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These refund policy of ventura securities is actually a way of fooling customers to get an account opening. The fact is they make money upfront and the customer stands to lose the initial payment.

For eg:
customer pays: rs.3500. the (relationship officer will say that it is a kind of advance brokerage) U will get back Rs.3500.

the customer then trades for one year and he will be charged for every trade seperately.

End of One year customer generates Rs.3500 as brokerage.
The total amount paid by him is Rs.7000. But he gets back only Rs.3500/-

Not worth it at all. many major brokerages charge low brokerage and provide a similar software but ventura makes fool out of a customer.

yes,they do charge an upfront package price which act as an bonus recharge as similar to mobile top-ups thats why we get such low brokerage from ventura & we do get the money back after we generate the same amount as brokerage,but after 1 yr we don''t have to pay any extra subscription price for the same brokerage plan.If you give them a healthy margin they will also reduce the brokerage to their last slab.