Trade Smart Online

[TradeSmartOnline]

@ TSO

A query from me too ....

Can we put 2 Legged and 3 Legged Spread trades with you in a single order . So if it is possible then in the Rs. 15 per trade how will the brokerage be calculated ?

Thanks.

Hello traderite,
Yes, 2 legged and 3 legged spread orders can be placed in a single order.

2 legged will be considered as a single order and only Rs 15 will be charged for the same. For 3 legged, will confirm the same tomorrow.

 

[TradeSmartOnline]

Hi TSO, A general question from my end: With the heavy competition for discount broker the margin is under sever pressure, How are you coping up with these challenges? What are the precautious steps you are taking in order to sustain in this business?...

Hello anup,
Competition is everywhere and competition is good. Competition is brutal but encourages efficiencies and benefits the consumers.

Our idea of value to our clients is not just low pricing but a package of attractive pricing and an exceptional customer service. If we try to focus only on one, the other is bound to take a hit.

If low pricing alone would make one successful, offering our services for free would have made us the best broking company in India (or maybe the world). But then we wouldn't stay in business for too long.

We have always tried to maintain a balance between the two.

If you read our earlier posts you'll observe that we've tried to implement most of the suggestions given by the members on this forum. However, we have been very firm on one thing i.e. reducing our pricing further. If we can't earn our profits we wouldn't be able to serve you as well as we would like to. It's better to not do something at all than to do it halfheartedly. So we are proud to say we are here to make profits because we do not want to serve you halfheartedly.

 

[DataRam]

Hello rockyrobust,
Yes we do offer MIS (intraday) for option writing. The margin required for this is 50% of that required for NRML.

Please let us know in case you have any other questions.

Thanks for replying TSO. As you say for other questions , I do have one more query that do you provide Cover Orders and if yes then on which instruments ?

 

[TradeSmartOnline]

Hello traderite,
Yes, 2 legged and 3 legged spread orders can be placed in a single order.

2 legged will be considered as a single order and only Rs 15 will be charged for the same. For 3 legged, will confirm the same tomorrow.

3 legged orders will also be charged Rs 15 only

 

[TradeSmartOnline]

Thanks for replying TSO. As you say for other questions , I do have one more query that do you provide Cover Orders and if yes then on which instruments ?

Hello rockyrobust,
Currently we are not offering cover orders. However, we are working on the same and will update it here once we start the same.

 

[DataRam]

Hello rockyrobust,
Currently we are not offering cover orders. However, we are working on the same and will update it here once we start the same.

Really good to know TSO.

Thanks for your replies.

 

[virgoakb]

hi TSO

I have two queries.

1) Do you have all the 4 order types - M,L, SL-M, SL for both options and futures?

2) Do you allow BASKET ORDERS in the exe software? Do you have any restrictions on the BASKET ORDERS?

thanks.

 

[thehalfbloodprince]

@virgoakb -

Though a formal answer can come from TSO, lemme just add that I have been using the Basket order facility in NOW quite extensively for the last 6 months (both After Market orders and normal baskets) and have not found any issues per say with the same. Some four months back there were some issues in which AMO basket orders were not being placed immediately after market open and were getting delayed, but TSO had dealt with the problem quite efficiently since then.

 

[TradeSmartOnline]

hi TSO

I have two queries.

1) Do you have all the 4 order types - M,L, SL-M, SL for both options and futures?

2) Do you allow BASKET ORDERS in the exe software? Do you have any restrictions on the BASKET ORDERS?

thanks.

Hello virgoakb,
1. Currently we allow only L and SL orders.
2. As mentioned by thehalfbloodprince, we do allow basket orders. Do you have something specific in mind when referring to any restrictions on basket orders?

 

[Mihir Bijur]

Hello virgoakb,
2. As mentioned by thehalfbloodprince, we do allow basket orders. Do you have something specific in mind when referring to any restrictions on basket orders?

Restrictions...such as: No. of scrips in the basket.
What are timings for AMO? Can Basket Orders be placed in pre-open?