Zerodha - Number One Discount Broker in India

[timepass]

BTW, did Z debit any amount for short margin penalty.

No, not yet. But there are two entries for call-n-trade charges

 

[superman]

No, not yet. But there are two entries for call-n-trade charges

How come you are still relaxed? If I were you , I would be furious and wont leave them unless I get answer and money back

 

[timepass]

How come you are still relaxed? If I were you , I would be furious and wont leave them unless I get answer and money back

I am furious. It's just that one has to follow the proper procedure.

 

[superman]

No, not yet. But there are two entries for call-n-trade charges

Not sure if the call n trade charges are for the RMS auto square off or your actual support call to their helpline.

I have bad experience with dialing their helpline.
They are so god damn unethical that they have a system in place which will automatically bill you 'call and trade' charges whenever you call them and use trading extension to ask about some order or system problem. Same happened to me long back. I was not able to sell something via KITE told them the issue , they said they will fix it and boom a call and trade charges next day ! Shitty unethical automation to auto bill without an actual call and trade orders being placed by them.

 

[timepass]

The worst thing is that they don't provide a bill for call-n-trade charges. I hope someone asks them and if refused, approaches SEBI at this link.

https://scores.gov.in/scores/Welcome.html

SEBI complaint form has a heading for documentation related problems.

 

[pannet1]

one of my friend used to say, "a dissatisfied customer simply stops (giving business)". i wonder why that never happens in the case of z ... still z is the no 1 non bank broker.

 

[Loss_Lover]

one of my friend used to say, "a dissatisfied customer simply stops (giving business)".

Z tactically maintains a web-like trap in the internet. As a total noob if somebody is planning to open a Demat and does a Google search, very likely that person will land up to a webpage showing Z as the best in India. So, without any second thought that person opens up an account with Z. That newbie is very optimistic and unaware of the reality. They think, they have discovered a money minting machine - if they do this along with that (courtesy YouTube videos), they would be printing money like nobody else. However, the reality has different plans. The brain receives narcotic antidotes which makes them addictive. So, even if they lose money, hope and the zeal to overcome despair forces them to trade, trade and trade.

After this every now and then, often on the volatile days, the mayhem occurs wherein Z's OMS/platform fails. By the way, mark while that person realizes all this, several months have passed by. That trader has already generated sufficient amount of revenue for the House. Now whether that buddy stays with Z or leaves - does not matter. That is the exact reason for the heaven-hell difference between the Customer Service you receive before opening an account and the service you receive afterwards ideally when you require it the most.

A very minuscule section of our population participates in trading (even worse considers it legit). That's the tragedy which leaves new masses to realize all this. As a part of their business plan, Z targets these new uninitiated fireflies. So, there are always new lots of newbies ready to try out their luck and ultimately get slaughtered.

i wonder why that never happens in the case of z ... still z is the no 1 non bank broker.

In addition to what I wrote above, Z also have a proprietary trading desk which generates tons of margin at times by taking positions against their clients. That's why their connection flaps on an useful volatile day and their OMS along with their platform gets fvcked up! Nithin, Nikhil and Co. are too smart for the regulators to even trace the slightest of their shrewdness. While they receive Young-turt awards, clients are forced to generate revenue at all circumstance and at all cost.

To further add, Z also partners with other vendors and generate income from their products - Sensibull, Coin, Smallcase, etc. I wonder if they would have concentrated on their existing platforms, wouldn't they have built something stable by now? But why would they? Trapping and sucking is always better than toiling and serving. Isn't it?

 

[VJAY]

Z tactically maintains a web-like trap in the internet. As a total noob if somebody is planning to open a Demat and does a Google search, very likely that person will land up to a webpage showing Z as the best in India. So, without any second thought that person opens up an account with Z. That newbie is very optimistic and unaware of the reality. They think, they have discovered a money minting machine - if they do this along with that (courtesy YouTube videos), they would be printing money like nobody else. However, the reality has different plans. The brain receives narcotic antidotes which makes them addictive. So, even if they lose money, hope and the zeal to overcome despair forces them to trade, trade and trade.

After this every now and then, often on the volatile days, the mayhem occurs wherein Z's OMS/platform fails. By the way, mark while that person realizes all this, several months have passed by. That trader has already generated sufficient amount of revenue for the House. Now whether that buddy stays with Z or leaves - does not matter. That is the exact reason for the heaven-hell difference between the Customer Service you receive before opening an account and the service you receive afterwards ideally when you require it the most.

A very minuscule section of our population participates in trading (even worse considers it legit). That's the tragedy which leaves new masses to realize all this. As a part of their business plan, Z targets these new uninitiated fireflies. So, there are always new lots of newbies ready to try out their luck and ultimately get slaughtered.

In addition to what I wrote above, Z also have a proprietary trading desk which generates tons of margin at times by taking positions against their clients. That's why their connection flaps on an useful volatile day and their OMS along with their platform gets fvcked up! Nithin, Nikhil and Co. are too smart for the regulators to even trace the slightest of their shrewdness. While they receive Young-turt awards, clients are forced to generate revenue at all circumstance and at all cost.

To further add, Z also partners with other vendors and generate income from their products - Sensibull, Coin, Smallcase, etc. I wonder if they would have concentrated on their existing platforms, wouldn't they have built something stable by now? But why would they? Trapping and sucking is always better than toiling and serving. Isn't it?

This is the main issue ...and rightly said losslover

 

[EquityTrader]

I am planning to leave Z. I request people here to suggest me other discount brokers that you may have already experienced.

Thanks.

 

[Loss_Lover]

Z tactically maintains a web-like trap in the internet. As a total noob if somebody is planning to open a Demat and does a Google search, very likely that person will land up to a webpage showing Z as the best in India. So, without any second thought that person opens up an account with Z. That newbie is very optimistic and unaware of the reality. They think, they have discovered a money minting machine - if they do this along with that (courtesy YouTube videos), they would be printing money like nobody else. However, the reality has different plans. The brain receives narcotic antidotes which makes them addictive. So, even if they lose money, hope and the zeal to overcome despair forces them to trade, trade and trade.

After this every now and then, often on the volatile days, the mayhem occurs wherein Z's OMS/platform fails. By the way, mark while that person realizes all this, several months have passed by. That trader has already generated sufficient amount of revenue for the House. Now whether that buddy stays with Z or leaves - does not matter. That is the exact reason for the heaven-hell difference between the Customer Service you receive before opening an account and the service you receive afterwards ideally when you require it the most.

A very minuscule section of our population participates in trading (even worse considers it legit). That's the tragedy which leaves new masses to realize all this. As a part of their business plan, Z targets these new uninitiated fireflies. So, there are always new lots of newbies ready to try out their luck and ultimately get slaughtered.
In addition to what I wrote above, Z also have a proprietary trading desk which generates tons of margin at times by taking positions against their clients. That's why their connection flaps on an useful volatile day and their OMS along with their platform gets fvcked up! Nithin, Nikhil and Co. are too smart for the regulators to even trace the slightest of their shrewdness. While they receive Young-turt awards, clients are forced to generate revenue at all circumstance and at all cost.

To further add, Z also partners with other vendors and generate income from their products - Sensibull, Coin, Smallcase, etc. I wonder if they would have concentrated on their existing platforms, wouldn't they have built something stable by now? But why would they? Trapping and sucking is always better than toiling and serving. Isn't it?

This is the main issue ...and rightly said losslover

Sorry I forgot to mention that if we would have been doing this conversation in tradingqna, the thread would have gotten de-listed and I would have been permanently banned by now. Another proof that shows Z's sensitivity towards its image in Social Media in order to mask their true nature.

Z has become No.1 because of our trust which is deteriorating with their every nuisance. Thanks to TJ for being impartial for decades!