Upstox - RKSV - Trade in Rs 20 Max

[soft_trader]

Yes these are all valid scenarios and we were thinking the same -- but the RMS software isn't advanced enough to handle all this. Another thing is that you only get 5 levels of depth of data with the NSE. Now, what if your quantity exceeds the total amount of quantity shown on the top 5 levels? Then RMS becomes even trickier to calculate.

First throw out that bullshit RMS. :annoyed:

What your RMS can do I can't understand, earlier you said it can't handle intraday margin for option writing, now it can't handle market orders......... what's else remaining........ after few months you will tell us that it can't handle SL orders ???????? :annoyed::annoyed:

 

[RKSV]

Zerodha, RKG, and many other brokers is already offering facility of manual bracket order since years, without blocking additional margin. First look then claim.

Sharekhan even provides OCO orders in cash segments

Hi soft_trader,

Yea you are right, let me clarify. I meant two things:

1) NSE NOW doesn't have bracket orders. Other brokers use their other trading software to provide bracket orders.

2) NSE won't recognize bracket orders from the exchange side for margin requirements. They will still require full margin on the stop loss, profit take orders. If the broker offers you margin benefit, it is because the broker is covering the remaining portion.

3) Sharekhan has taken algo-approval for TradeTiger for the same.

Let me know if that clears it up. Sorry for the confusion.

 

[RKSV]

First throw out that bullshit RMS. :annoyed:

What your RMS can do I can't understand, earlier you said it can't handle intraday margin for option writing, now it can't handle market orders......... what's else remaining........ after few months you will tell us that it can't handle SL orders ???????? :annoyed::annoyed:

In process of throwing it out. With many intraday traders in our system, we have encountered many tricky situations that NSE NOW is simply not capable of. As a new broker, it was helpful but as we get more and more experienced in it, we are realizing it's shortfalls.

 

[soft_trader]

So fast reply......... Amazing!!!!

 

[soft_trader]

In process of throwing it out. With many intraday traders in our system, we have encountered many tricky situations that NSE NOW is simply not capable of. As a new broker, it was helpful but as we get more and more experienced in it, we are realizing it's shortfalls.

That will be good.... Try to throw out this garbage as soon as possible and try to incorporate something like NEST or even better.

 

[RKSV]

So fast reply......... Amazing!!!!

No excuse for us. We have been on high alert all week. If you have been on NSE NOW with any broker, you will have noticed that there was a 9 minute downtime yesterday. All the lines were clogged up and it has been hectic handling the calls and explaining to customers that the system is not in our data center..

 

[neuron_sun]

Hi RKSV


Blaming everything on NSE/NOW is not going to help , your unlimited plan is very good but its only good if people can trade using RKSV+NOW.

thanks

No excuse for us. We have been on high alert all week. If you have been on NSE NOW with any broker, you will have noticed that there was a 9 minute downtime yesterday. All the lines were clogged up and it has been hectic handling the calls and explaining to customers that the system is not in our data center..

 

[RKSV]

Hi RKSV


Blaming everything on NSE/NOW is not going to help , your unlimited plan is very good but its only good if people can trade using RKSV+NOW.

thanks

Hi neuron_sun,

Yeah, we have to also look at the risk management perspective as we grow with more clients. Anyways, planning to move out of NOW to address some of these issues.

 

[neuron_sun]

Hi RKSV

What is the procedure of closing an account , will you return pro rated Brokerage for this month.

Thanks

Hi neuron_sun,

Yeah, we have to also look at the risk management perspective as we grow with more clients. Anyways, planning to move out of NOW to address some of these issues.

 

[RKSV]

Hi RKSV

What is the procedure of closing an account , will you return pro rated Brokerage for this month.

Thanks

Hi neuron_sun,

Yes we will return the pro rated brokerage for the month only if you have not traded for the month. You can also switch out the dream plan where there is no commitment from your end (there is no commitment on Freedom Plan either since we refund brokerage if there are no trades). Just shoot an email to [email protected]

Just a quick note, assuming this is because of market order? You can always switch out to the per order traded plan. We are working on other things in RMS to enhance what we have already in the coming months. Plus to see what else we can do get around this. First will be with the platform.

Other thing is we have been working on the education front too. Will be releasing details in a few weeks.