Zerodha - Number One Discount Broker in India
- Thread starter Traderji
- Start date
Although many are liking KITE, it is because they have not seen other trading platforms like Sharekhan TradeTiger or KotakSecurities KEAT terminal. The KITE web interface is for newbies who are trying to understand the stock market .. a good start but definitely cannot be used for professional trading, like using indicators etc. as orders need to be be typed in manually.
Also, in KITE there is an option of Bracket Order (BO), Unfortunately not many traders know that they are supposed to be continuously connected to the internet for BO functionality to work :annoyed: :annoyed:
A trader mentioned "prime intention of a bracket is that our order is protected, so incase power goes off or internet disconnects or anything of this sort happens, mentally we are calm because we know that our order is protected. but sadly, thats not the case with this bracket. apart from this, i don't see any other reason that too for a day trader to use bracket."
Also, a single order for 750 Nifty Futures (10 lots) may get traded in 10 different trades, Zerodha Discount brokerage will charge you as 10 orders (10 X 20 = Rs 200) instead of Rs 20 for 1 order even though you placed 1 order.
Initially it was said: Zerodha charge Rs.20 Per executed order or 0.01 whichever is lower . but does not seem to be true in reality.. .. Zerodha should clarify...
That's the fine print my friend
which most traders have overlooked, which may cost as Rs 20 per lot instead of Rs 20 per order.. nobody read the fine print while Zerodha (so called Discount brokerage) is laughing its way to the bank :clap:
... hope this will help Zerodha to correct the incorrect policy it applies related to Bracket order.
Also, in KITE there is an option of Bracket Order (BO), Unfortunately not many traders know that they are supposed to be continuously connected to the internet for BO functionality to work :annoyed: :annoyed:
A trader mentioned "prime intention of a bracket is that our order is protected, so incase power goes off or internet disconnects or anything of this sort happens, mentally we are calm because we know that our order is protected. but sadly, thats not the case with this bracket. apart from this, i don't see any other reason that too for a day trader to use bracket."
Also, a single order for 750 Nifty Futures (10 lots) may get traded in 10 different trades, Zerodha Discount brokerage will charge you as 10 orders (10 X 20 = Rs 200) instead of Rs 20 for 1 order even though you placed 1 order.
Initially it was said: Zerodha charge Rs.20 Per executed order or 0.01 whichever is lower . but does not seem to be true in reality.. .. Zerodha should clarify...
That's the fine print my friend
which most traders have overlooked, which may cost as Rs 20 per lot instead of Rs 20 per order.. nobody read the fine print while Zerodha (so called Discount brokerage) is laughing its way to the bank :clap:... hope this will help Zerodha to correct the incorrect policy it applies related to Bracket order.
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Although many are liking KITE, it is because they have not seen other trading platforms like Sharekhan TradeTiger or KotakSecurities KEAT terminal. The KITE web interface is for newbies who are trying to understand the stock market .. a good start but definitely cannot be used for professional trading, like using indicators etc. as orders need to be be typed in manually.
Also, in KITE there is an option of Bracket Order (BO), Unfortunately not many traders know that they are supposed to be continuously connected to the internet for BO functionality to work :annoyed: :annoyed:
Also, a single order for 750 Nifty Futures (10 lots) may get traded in 10 different trades, Zerodha Discount brokerage will charge you as 10 orders (10 X 20 = Rs 200) instead of 1 order even though you inputted 1 order.
That's the fine print my friend which most traders have overlooked, which may cost as Rs 20 per lot instead of Rs 20 per order.. nobody read the fine print while Zerodha (so called Discount brokerage) is laughing its way to the bank :clap:
... hope this will help Zerodha to correct the incorrect policy it applies related to Bracket order.
Also, in KITE there is an option of Bracket Order (BO), Unfortunately not many traders know that they are supposed to be continuously connected to the internet for BO functionality to work :annoyed: :annoyed:
Also, a single order for 750 Nifty Futures (10 lots) may get traded in 10 different trades, Zerodha Discount brokerage will charge you as 10 orders (10 X 20 = Rs 200) instead of 1 order even though you inputted 1 order.
That's the fine print my friend
which most traders have overlooked, which may cost as Rs 20 per lot instead of Rs 20 per order.. nobody read the fine print while Zerodha (so called Discount brokerage) is laughing its way to the bank :clap:... hope this will help Zerodha to correct the incorrect policy it applies related to Bracket order.
Are you stating out of experience or out of interpretation. Refer Zerodha's blog on Tradingqna
"Disadvantages of BRACKET ORDER" http://tradingqna.com/1418/what-advantage-and-disadvantage-bracket-order-for-traders
Limit orders are not possible during exit. Executed exit price will be market price and can slightly move up or down and form a slippage from your assumption.
Entry through Stop Loss trigger is not allowed so you have to submit the Bracket Order at exactly the right moment.
Order cancellation is not possible, you need to close your position once you have entered.
You need to be logged in while your target or SL order executes, it seems. In cover order you can do your routine job without worrying, since you have already set the stop loss and that will execute even if you are logged off.
It is possible that Bracket Orders execute as multiple chunks of small quanities charging you with higher brokerage. Example you order 10 lots of Nifty, if it gets executed as 3+3+2+2, then you need to pay 20+20+20+20 as brokerage instead of flat 20 rs for 10 lots as in cover orders."
"Disadvantages of BRACKET ORDER" http://tradingqna.com/1418/what-advantage-and-disadvantage-bracket-order-for-traders
Limit orders are not possible during exit. Executed exit price will be market price and can slightly move up or down and form a slippage from your assumption.
Entry through Stop Loss trigger is not allowed so you have to submit the Bracket Order at exactly the right moment.
Order cancellation is not possible, you need to close your position once you have entered.
You need to be logged in while your target or SL order executes, it seems. In cover order you can do your routine job without worrying, since you have already set the stop loss and that will execute even if you are logged off.
It is possible that Bracket Orders execute as multiple chunks of small quanities charging you with higher brokerage. Example you order 10 lots of Nifty, if it gets executed as 3+3+2+2, then you need to pay 20+20+20+20 as brokerage instead of flat 20 rs for 10 lots as in cover orders."
Are you stating out of experience or out of interpretation. Refer Zerodha's blog on Tradingqna
"Disadvantages of BRACKET ORDER" http://tradingqna.com/1418/what-advantage-and-disadvantage-bracket-order-for-traders
Limit orders are not possible during exit. Executed exit price will be market price and can slightly move up or down and form a slippage from your assumption.
Entry through Stop Loss trigger is not allowed so you have to submit the Bracket Order at exactly the right moment.
Order cancellation is not possible, you need to close your position once you have entered.
You need to be logged in while your target or SL order executes, it seems. In cover order you can do your routine job without worrying, since you have already set the stop loss and that will execute even if you are logged off.
It is possible that Bracket Orders execute as multiple chunks of small quanities charging you with higher brokerage. Example you order 10 lots of Nifty, if it gets executed as 3+3+2+2, then you need to pay 20+20+20+20 as brokerage instead of flat 20 rs for 10 lots as in cover orders."
"Disadvantages of BRACKET ORDER" http://tradingqna.com/1418/what-advantage-and-disadvantage-bracket-order-for-traders
Limit orders are not possible during exit. Executed exit price will be market price and can slightly move up or down and form a slippage from your assumption.
Entry through Stop Loss trigger is not allowed so you have to submit the Bracket Order at exactly the right moment.
Order cancellation is not possible, you need to close your position once you have entered.
You need to be logged in while your target or SL order executes, it seems. In cover order you can do your routine job without worrying, since you have already set the stop loss and that will execute even if you are logged off.
It is possible that Bracket Orders execute as multiple chunks of small quanities charging you with higher brokerage. Example you order 10 lots of Nifty, if it gets executed as 3+3+2+2, then you need to pay 20+20+20+20 as brokerage instead of flat 20 rs for 10 lots as in cover orders."
