Trade Smart Online

[SmartTradeOnline]

What intraday exposure is given by smarttradeonline for cash equity? Suppose I have Rs.10000 in my account ,then how much amount of share i can buy for intraday equity?

Hi Kritajna,
For cash intraday we provide 8 to 10 times limit.

 

[SmartTradeOnline]

Yeah i read it.
Selling 15 rs per scrip +Serv tax .
Does that mean when i sell a scrip i will be charged (Brokerage +15+ serv tax )?..Will there be any additionl charge from CDSL side?

Yes, you are correct. Other than AMC(first year waived off), there will not be any additional charges. All the charges for other services are mentioned in the url in the previous post.

 

[SmartTradeOnline]

Hello Sumit,
It was great talking to you today. And thanks for letting us know about the issues with our advertisement at the bottom of the forum. Will get in touch with Traderji about the same.

 

[timepass]

Point taken. You are right about that. But if options are introduced in JPYINR the problem would reoccur. Also, the problem with equity options would still be there.

Would you not prefer making the brokerage zero with an asterisk saying brokerage in case of options will be Rs 7 per lot?

Here the problem is not calculating brokerage, the problem is calculating the transaction value. In the example shown by me in the earlier post, the buy price is 55 paisa per lot, the sell price is 57 paisa per lot. So the buy amount should be Rs. 550 and the sell amount should be Rs. 570, total Rs.1120. Your calculator shows Rs. 1.12

Now, there are only 4 currency pairs traded. We don't know whether the options will be introduced for other currency pairs, if ever. At least till then, you can multiply it by 1000.

Any changes in the cost structure will need you to make changes in the brokerage calculator. The taxes could change... maybe new plans introduced from your side etc.. So, the brokerage calculator isn't a one-off thing, it will have to be kept updated with the various future changes.

 

[SmartTradeOnline]

Here the problem is not calculating brokerage, the problem is calculating the transaction value. In the example shown by me in the earlier post, the buy price is 55 paisa per lot, the sell price is 57 paisa per lot. So the buy amount should be Rs. 550 and the sell amount should be Rs. 570, total Rs.1120. Your calculator shows Rs. 1.12

Now, there are only 4 currency pairs traded. We don't know whether the options will be introduced for other currency pairs, if ever. At least till then, you can multiply it by 1000.

Any changes in the cost structure will need you to make changes in the brokerage calculator. The taxes could change... maybe new plans introduced from your side etc.. So, the brokerage calculator isn't a one-off thing, it will have to be kept updated with the various future changes.

What we meant was that instead of entering the no. of lots one can enter the quantity. This way the turnover will be calculated correctly and hence all other charges will also come proper. The only thing that will be missing is the exact brokerage amount for which we can add a footnote saying it will be Rs 7 per lot.

We absolutely agree that the calculator or anything else is not a one off thing. We all have to change and evolve with time. But the point in earlier post was that for equity options the problem will still remain unsolved. Hence the suggestion for changing it to quantity instead of no. of lots.

 

[SmartTradeOnline]

Hello all,
Just a gentle reminder, we are currently running a promotional offer.

On the occasion of Christmas and the New Year 2013, Account Opening Charges will be completely waived off for the first 100 forms received on or before 10th Jan 2013.

Please mention "TJ offer Jan 2013" on the covering page of the form to avail this offer.

Also, please give us a call for form verification before sending the form to us. One of us would make sure all the required details have been filled in and all the relevant documents attached.

Happy Trading!!

 

[timepass]

What we meant was that instead of entering the no. of lots one can enter the quantity. This way the turnover will be calculated correctly and hence all other charges will also come proper. The only thing that will be missing is the exact brokerage amount for which we can add a footnote saying it will be Rs 7 per lot.

We absolutely agree that the calculator or anything else is not a one off thing. We all have to change and evolve with time. But the point in earlier post was that for equity options the problem will still remain unsolved. Hence the suggestion for changing it to quantity instead of no. of lots.

2 possible workarounds for the end user.... judge for yourself.

But these are workarounds, needing thoughtful effort from the user. Not easy.

Anyway, it looks like the breakeven for currency options is about 8 pips.

 

[Raju]

Maybe Raju and others who had/have an account with them can comment on the same.

If I am not mistaken the topic was selling of options.
But to be frank I have also never sold options ...

Regards,
Raju

 

[Trader J]

Ok. If any other members have also noticed that another broker is providing limit at less than 100% margin for Option writing please share the same with us as it'd help us when we speak to the NOW team.

Dear STO, Thanks for reply....I think many option writer using 2 or 2.5 time margin facility provided by Zerodha and other brokers using NOW, Presently I have NOW with Zerodha (Yet not shift to NEST) and enjoying 2.5 time limit for option writing intraday, please check following link...

http://www.traderji.com/brokers-tra...line-trading-1947-part-2-a-38.html#post741905

I think you have to make change in your RMS system, so you can easily provide intraday limit for options. Thanks

One more question. If suppose, I have 30 K in my account and 30 K needed for one lot of Nifty Future, and If I will carry forward my One lot Nifty Future than Next day may I take second lot Nifty Future position due to 50 % margin ?

 

[soft_trader]

Which plan were you thinking of ?

well in my personal opinion Rs. 15/order plan would be good for soft trader..or may be .7 paisa...

As for me I think I will opt for Rs. 15/order plan...and since I am a pure futures player..the maximum advantage which I see is savings in terms of Brokerage..and having seen the NSE-NOW platform..I am really comfortable with it..

@TIMEPASS..which plan have you opted for?

I will take 0.07% plan. I don't trade in futures, so this would suit me the best. Also there is a problem in 15 per order plan i.e. say if I want to buy some shares in delivery worth 10K. Then 15 per order will cost me more. Sumit's suggestion about merging 0.07% and 15 per order is good.