Zerodha - Number One Discount Broker in India

[Brill]

If the objective is to win certificates and use it to promote oneself then the 60 day challenge is very lucrative. Given 3 years (36 months) - it's a no-brainer to win 6 certificates on an average. I hope you know how

There are always many ways to game any system. You can't prevent it. The point is - Do your objectives with the 60 day challenge now offer a diminishing rate of return? I suppose we all know the answer to that question.

Yes, your point is valid.

But the challenge is a good inspiration to a learner like me as we get an incentive at the end of every 3 months(if we improve). and it make you to compete with yourself and control the losses.

So my request to Zerodha is to continue the challenge with a cap of at least 5000/- which is a good incentive for beginners...

thanks

 

[Real_Serios_Trader]

We haven't yet sent out any emails to clients, but yes 60 day challenge in the current format will end on 31st March. We will continue to run it as a challenge, but without any brokerage refunds, even if we refund, it will be limited to an X amount. We have had too many people trying to game the system, and putting unnecessary overhead on our operations.

I checked with my friends about Email, he received and forwarded was Subject name "New post published at Zerodha Partner..."

He also disappointed with Zerodha for there plan for Unlimited free equity delivery trades, because there is zero commission for Zerodha Partners, so not interested to refer new traders.

I dont think so some one only take risk for low margin trading for just brokerage refund.....how and what type of "game the system" ???

Zerodha's two major attraction for Partner was 60 Day Challenge refund and 20 % Commission and now both has no more.....

 

[classifiedindian]

Hey z i found something strange regarding span margin calculator

For buying 1 lot of nifty futures, span margin shows: Rs. 39677, exposure margin shows: Rs. 16819.
Total margin = Rs. 56496

This is a little higher than what my broker is charging me. So when i googled "span margin nse", I came across Aditya birla's and 5paisa.com's span margin files.
Both of them show me span margin = Rs. 27939 and exposure margin = Rs.16761
Total margin = Rs. 44700.

Earlier you had said that SPAN margin is set by the exchange. So how is it that the SPAN margin in your calculator is showing Rs. 12000 extra.
I even went through z-connect. There you had mentioned that you are one of the few brokers who have T+0 so you have the lowest margin requirement.

Is this a mistake or are you charging extra?

 

[priyanvada]

This will be an absolutely sad and unfortunate News for us.
There must be some ways to filter out the gamers.

Only hope I still have is that on first April Zerodha would say this Announcement was an April Fool!


After losing 4 challenges finally I am about to win my first challenge which finishes in next 2 days.

May be zerodha can put another challenge Stay profitable in 60 days and grow your capital more than 25% then only we will refund you the brokerage. You may call it a SuperTrader challenge.:thumb:

Anyway it is Zerodha's call.

We haven't yet sent out any emails to clients, but yes 60 day challenge in the current format will end on 31st March. We will continue to run it as a challenge, but without any brokerage refunds, even if we refund, it will be limited to an X amount. We have had too many people trying to game the system, and putting unnecessary overhead on our operations.

 

[timepass]

This will be an absolutely sad and unfortunate News for us.
There must be some ways to filter out the gamers.

Only hope I still have is that on first April Zerodha would say this Announcement was an April Fool!


After losing 4 challenges finally I am about to win my first challenge which finishes in next 2 days.

May be zerodha can put another challenge Stay profitable in 60 days and grow your capital more than 25% then only we will refund you the brokerage. You may call it a SuperTrader challenge.:thumb:

Anyway it is Zerodha's call.

I am sure that they feel that the 60day challenge is getting stale and will come up with another scheme. No businessman fritters away their USP.

 

[pavan15589]

Everyday, this is what I get when I go to the funds section. Going into funds section will give this for half an hour. And in the funds, to place withdrawal, I get this for half an hour. It is extremely irritating.

 

[headstrong007]

Agar koi cheat karta hai to usko RED Card dikha do. Pura match suspend karne ka jorurat kya hai?
Sidha sidha bolo na... 60day challenge me scalping karna mana hai..
Lekin scalping bhi to ek achha trading style hai...iyah koi aasan ka kam nahi hai..do char logo ke liye aapne to pura system ka band baza di..

 

[timepass]

Agar koi cheat karta hai to usko RED Card dikha do. Pura match suspend karne ka jorurat kya hai?
Sidha sidha bolo na... 60day challenge me scalping karna mana hai..
Lekin scalping bhi to ek achha trading style hai...iyah koi aasan ka kam nahi hai..do char logo ke liye aapne to pura system ka band baza di..

I don't know if that's the message they want to send out.. Let them clarify. I still believe that they won't fritter away their USP.

We may see an increased flow in bpr's thread.

 

[Smart_trade]

I don't know if that's the message they want to send out.. Let them clarify. I still believe that they won't fritter away their USP.

We may see an increased flow in bpr's thread.

TP trying to talk Zerodha to continue 60 days challenge in a better form. We are all with you...TP.....

Smart_trade

 

[cinderblock]

We haven't yet sent out any emails to clients, but yes 60 day challenge in the current format will end on 31st March. We will continue to run it as a challenge, but without any brokerage refunds, even if we refund, it will be limited to an X amount. We have had too many people trying to game the system, and putting unnecessary overhead on our operations.

Also, a good time to check if you have built any long-term sustainable advantage over your competitors or is this just a fleeting advantage?

Namely, how many customers stick with you because there is now a level of trust in your system or is it just because of the schemes you run. As always, there are risks in the course of action you take.