Zerodha - Number One Discount Broker in India

Hello! I am new to trading world and I am interested in intra-day trading.I want to know if dp charges are applicable on intra-day trades.Using the brokerage calculator at zerodha website, the charges comes out to be around 0.06%(+stamp duty) for intra-day.I want to know if there are any other charges involved in buy-sell cycle?
Thanks in advance!
 

travi

Well-Known Member
I have one problem with zerodha... while trading nifty future in braket order type..if quantity is 225 and if it gets executed partly in 75+75+75 then stoploss and target order placed in 3 different orders...so if target or stoploss hits 3 different orders gets executed and 20×3=60 brokerage...
two disadvantages are 1. Different orders as per execution size is a bit problem while changing stoploss/target.
2. Extra brokerage i need to pay.

While working with other brokers if order gets executed in parts then stoploss or target order is single. I.e. if 150 out of 225 quantity gets executed then they show 150/225 not 2 different ordes...and while trading equity its so much tension if you are trading big quantity to update stoploss/target.. yesterday i have traded 1500 quantity in sbi and thr are more than 15 orders and i was unable to change the stoploss for all the orders while trade was in profit and eventually eneded up making loss in the same trade due to n number of orders for same trade...literally thr was quantity like 1, 5, 7, 89, 29, 12 and so on..pls ZERODHA do something for this or let me know if thr is any solution for this..

Pls zerodha members shade some light if i am doing some silly mistake while placing order..
Btw am using kite (WEB VERSION)for trading.
The brokerage part is very concerning, they ought to compensate and fix that part asap.
I'm not a fan of BO, but are you able to put all the 3 lots in one order.
I'm sure this wont work, as you need to exit the position altogether and cancel order won't work. If you modify, you'll still have 3 SL orders.
 

Brill

Well-Known Member
Button to Buy/Sell from Kite chart just like Kite Android?
@Zerodha, any update on the requirement? in Kite Web.
 

Raj232

Well-Known Member
I have one problem with zerodha... while trading nifty future in braket order type..if quantity is 225 and if it gets executed partly in 75+75+75 then stoploss and target order placed in 3 different orders...so if target or stoploss hits 3 different orders gets executed and 20×3=60 brokerage...
two disadvantages are 1. Different orders as per execution size is a bit problem while changing stoploss/target.
2. Extra brokerage i need to pay.

While working with other brokers if order gets executed in parts then stoploss or target order is single. I.e. if 150 out of 225 quantity gets executed then they show 150/225 not 2 different ordes...and while trading equity its so much tension if you are trading big quantity to update stoploss/target.. yesterday i have traded 1500 quantity in sbi and thr are more than 15 orders and i was unable to change the stoploss for all the orders while trade was in profit and eventually eneded up making loss in the same trade due to n number of orders for same trade...literally thr was quantity like 1, 5, 7, 89, 29, 12 and so on..pls ZERODHA do something for this or let me know if thr is any solution for this..

Pls zerodha members shade some light if i am doing some silly mistake while placing order..
Btw am using kite (WEB VERSION)for trading.
This is exactly true. This was pointed out to Zerodha several months ago if not years ago, however, Zerodha was working on this. Not sure if some solution is finalized: but the logic should go like this:
1. Bracket order once placed should be given a Master-order-number
2. Bracket order might be getting executed in bits and pieces as per the market movement/volume. Each SL/Target order being placed should add to the SL/Target order placed by the Master-order referenced by the Master-order-number

Or probably there could be an option to merge the auto-placed Target/SL orders manually by the trader.
The only risk from Zerodhas side would be in case the Target/SL is very tight e.g. BO placed at Rs 264.50 with target=264.90 SL=264.40

... but still it would be better to hear Zerodha's say on this issue... Thanks !!!
 

Trader J

Well-Known Member
Dear Zerodha,

In most advertisements/banners, you mention : "0.01% or Rs. 20/trade whichever is lower. unlimited lot size"

However, when trading options, I have been told that the limit of the ordersize is restricted to 2400 for Banknifty :(
The Quantity limit for Bank Nifty "2500 (2480)" in One order is fixed by NSE....If your order filled partially ( Say 1200) , you can modify to 2480 again....you will charge Rs 20........
 

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