The zero brokerage world wide wave: Robinhood

L

lemondew

Well-Known Member
#2
#2
Interesting news!!!!
For me anyway zerodha practically offers the same for 60 day challenge winners plus the brokerage has become very less with discount brokers. The issue is no longer brokerage that is not making us profitable.

You can say may be the taxes are high. STT and so on. That can make us non profitable for some kind of scalping.

More importantly now a little bit of skills is all one needs to have to make money. That is something companies should look to sell.
 
onlinegtrash

onlinegtrash

Well-Known Member
#3
#3
The day when a man on the street buys 0.01 units of a blue chip share for 250 Rs/- and planning to hold it for 2 years and sell 0.01 units back for 750 Rs/- is coming!

These type of frictionless trading possibilities will open up capital markets to low income group where they have no idea or awareness about investing. Still trading is going to be a tough game but for long term investing, people can hold metals or index fund in their android wallet for several years and exit with profit!
 
classifiedindian

classifiedindian

Active Member
#5
#5
Well, for us traders, transaction cost is pretty high even without brokerage.
1. Turnover charges
2. Service tax
3. Securities transaction charges

Even if we were to have a Robin hood in India, we would still be paying more or less the same in terms of total transaction charges.
I'd feel safer to know that my broker is making money through brokerage rather than other sources that I don't understand
 
M

mastermind007

Well-Known Member
#6
#6
bpr

bpr

Well-Known Member
#7
#7
classifiedindian said:
Well, for us traders, transaction cost is pretty high even without brokerage.
1. Turnover charges
2. Service tax
3. Securities transaction charges

Even if we were to have a Robin hood in India, we would still be paying more or less the same in terms of total transaction charges.
I'd feel safer to know that my broker is making money through brokerage rather than other sources that I don't understand
Click to expand...
US exchange gives money for incoming traffic which is what the robinhood is based on.Indian exchange does not do that.
 
M

mastermind007

Well-Known Member
#8
#8
bpr said:
US exchange gives money for incoming traffic which is what the robinhood is based on.Indian exchange does not do that.
Click to expand...
US consumer is genuinely treated like a King. No where in the world you can use a product and return it within 90 days for full refund.
 
classifiedindian

classifiedindian

Active Member
#9
#9
bpr said:
US exchange gives money for incoming traffic which is what the robinhood is based on.Indian exchange does not do that.
Click to expand...
My friend, you might want to read 'Flash Boys' by Michael Lewis.. Your perception would change regarding this topic.. Read it and tell me what you think.. It's a wonderful book.. Very informative..
 
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