Hi Zerodha
I want to open a trading account with you for delivery and future trading of equity. (MCX at later stage)
I understand that you provide NOW/NEST for online trading to all of your clients free of charge. Please let me know that you provide NOW/NEST, irrespective of client's turnover or is it subject to some minimum trade quantum?
The leverage allowed for
a. equity on delivery basis
b. intraday trading
c. future trading
Time allowed to pay balance amount for equity (delivery) and trading losses, if any over the margin amount.
What are the conditions when YOU square off future/intraday trades, just informing casually, informing but time allowed is sufficient/not sufficient to act or not informing the client.
I am sorry to ask, but about any hidden charges, not informed in your calculator.
I have an online bank account but the cheque book is not with printed name. Do I have to submit some extra document. How much amount is to be deposited at the time of opening an account.
Chandra,
No preset conditions to get our platform, no minimum turnover requirements...
Equity delivery: No leverage
Intraday equity: 5 to 10 times leverage
Futures trading: Intraday 40% of exchange stipulated margins...
When buying equity, you need to decide if it is intraday or delivery, MIS for intraday and CNC for delivery in product type... If you want to convert you have to do it by 3.10pm otherwise it will be squared off..
Similarly, for Futures, by 3pm you need to have sufficient margins otherwise systems auto square off your positions... Our business is an online model, so don't expect any calls asking you to put in margins, we need you to be aware of the margins...
Brokerage calculator has it all nothing other than that... If you do equity delivery trading, you need a demat for which amc is Rs 400 ...
Send the cancelled cheque and the bank statement, that should do ...
No pre-requirement of how much money you have to transfer to your account... You can do as much as u wish...