Zerodha - Number One Discount Broker in India

LivetoTrade

Well-Known Member
After Nirav mentioned I tried the web version, it was working fine for me, but Ztrader was very inconsistent, and had to be re-started a few times !!!
 

columbus

Well-Known Member
Nirav, the web based, a few people are facing issues, especially if the speeds are quite low. We are in the last bit of moving away from trade.zerodha.com to kite
Today ,I faced problems with PI.(Server was down most of the time).
The problem was compounded due frequent disruptions of INTERNET also.
When PI server is down and internet is UP ,I rely on trade.zerodha to square off
the transactions.
 
ZERODHA

I want a ultra simple order entry option like this

BUY @ the price I place and SELL @ price I place - On the same order entry form.

Simply put I must be able to say place an order on say infosys

BUY
QTY = 100
RATE =990
SELL
QTY =100
RATE = 1050

Good for the day or otherwise.

The first and second trade type should be interchangeable - SELL and BUY.

Sent the first order to the exchange. If the price is met execute it. If the first order is executed, send the second order (SELL) to the exchange.

ICICIDIRECT has already implemented it but at market price for purchase and limit for sell.

It is better that both be Limit
 
@ ZERODHA as well as ALL FELLOW MEMBERS

Yesterday (on Expiry Day), I have done several trades and at the end of the day my position was as below :-

8400 CE = Qty 1500 (I did not square)
8400 PE = Qty 400 (I did not square)
BALANCE shown in my NEST Trader at 3.25 PM = Rs 4119

I did NOT receive the Contract Note today in my email (my ID is - DC0055). I received a text message in my mobile which told that my TOTAL TRADED VALUE FOR 25/06/2015 IN F&O WAS RS 18542.50.

I was with the opinion that after deducting max around Rs 600 for the brokerage, I will still have around Rs 3500 profit to withdraw..... BUT..... Today when I wanted to withdraw that profit (at around 9.45 AM), the BackOffice was showing the situation as below :-

Funds Available to withdraw = Rs 334.37
Open Position (from Last Day) = 8400 CE 1500 Qty

I called to ZERODHA CUSTOMER CARE and the lady informed me that because I did not square off the PUTS (400 Qty), they took 0.125% of TOTAL TRANSACTION as Penalty... When asked then she told me that they took RUPEES 4200 AS PENALTY..... I clarified my details that the Penalty should NOT go beyond Rs 50 but she did not listen to me and told me that I need to check the Contract Note myself...

I was aware of the Penalty System and I deliberately did not square off my PUTS because I was thinking that TOTAL TRANSACTION VALUE was going to be around 20000 only and 0.125% of this 20000 becomes only a mere 25 or max 50 Rupees....

Now my question is..... WHY A PENALTY OF RS 4200 WAS IMPOSED UPON ME (ID - DC0055) WHICH IS TOTALLY WRONG......

Waiting to discuss on more points when I receive some responses, especially from Zerodha....

Thanks

Chandra Shekhar Verma
Client ID = DC0055
 

TraderRavi

low risk profile
@ ZERODHA as well as ALL FELLOW MEMBERS

Yesterday (on Expiry Day), I have done several trades and at the end of the day my position was as below :-

8400 CE = Qty 1500 (I did not square)
8400 PE = Qty 400 (I did not square)
BALANCE shown in my NEST Trader at 3.25 PM = Rs 4119

I did NOT receive the Contract Note today in my email (my ID is - DC0055). I received a text message in my mobile which told that my TOTAL TRADED VALUE FOR 25/06/2015 IN F&O WAS RS 18542.50.

I was with the opinion that after deducting max around Rs 600 for the brokerage, I will still have around Rs 3500 profit to withdraw..... BUT..... Today when I wanted to withdraw that profit (at around 9.45 AM), the BackOffice was showing the situation as below :-

Funds Available to withdraw = Rs 334.37
Open Position (from Last Day) = 8400 CE 1500 Qty

I called to ZERODHA CUSTOMER CARE and the lady informed me that because I did not square off the PUTS (400 Qty), they took 0.125% of TOTAL TRANSACTION as Penalty... When asked then she told me that they took RUPEES 4200 AS PENALTY..... I clarified my details that the Penalty should NOT go beyond Rs 50 but she did not listen to me and told me that I need to check the Contract Note myself...

I was aware of the Penalty System and I deliberately did not square off my PUTS because I was thinking that TOTAL TRANSACTION VALUE was going to be around 20000 only and 0.125% of this 20000 becomes only a mere 25 or max 50 Rupees....

Now my question is..... WHY A PENALTY OF RS 4200 WAS IMPOSED UPON ME (ID - DC0055) WHICH IS TOTALLY WRONG......

Waiting to discuss on more points when I receive some responses, especially from Zerodha....

Thanks

Chandra Shekhar Verma
Client ID = DC0055
on expiry day , In the money options must be squared off , otherwise NSE charges very high STT . thats why zerodha flashes a message to square off on expiry day to avoid STT.
STT on BUY option positions that get exercised is 0.125% of the entire CONTRACT VALUE
8400 x 25 x 0.125 x 16 lots = Rs. 4200 STT

last year one member of TJ got over Rs 1 lakh STT bill on his 10-20 paise options, he bought big quantity for lottery but did not square off , that expired in the money with same 10-20 paise , and he had only few thousands in his account.

So you must square off your in the money options on expiry day.
 
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I was NOT aware of that "high" STT charges, what I was thinking that it will be around 50-100 or 200 Rupees for my In-The-Money Option (16 Lots) on the basis of total transaction value that was only around Rs 18500/=..... All I can say... is..... my profit vanished and I took no loss.... I am happy with this too..... but for STT "very very high" charges, this is NOT a good practice that NSE is applying...... Zerodha only flashes a message but Zerodha does NOT "tell" in the message how much of these charges "could be"..... anyway....... it happens.....
 

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