Zerodha - Number One Discount Broker in India
- Thread starter Traderji
- Start date
even today , i had to call your number to see what happened and why shares are not credited , and this T+1 qty shown only after the call , and even now i cannot sell it because its not credited
what if today there was a 10% fall ,and shares not credited now is your fault @zerodha , i am disappointed hugely
even after auction yesterday i cannot sell because you are unable to credit the shares
not only that there are 10 shares still missing , as i bought 2000 shares
I m unable to understand this.How the required margin for overnight positions is far less than other brokers for zerodha.??
As far i know the exchange decides the required margin to carry a position , isn't that same for all the brokers??
I have checked margin for 2 other brokers and they are same but ur total margin required for overnight carry is far less for both equity futures and commodities.The required span maring % is also less.
Am i missing something here?
can u pls explain ??
As far i know the exchange decides the required margin to carry a position , isn't that same for all the brokers??
I have checked margin for 2 other brokers and they are same but ur total margin required for overnight carry is far less for both equity futures and commodities.The required span maring % is also less.
Am i missing something here?
can u pls explain ??
I m unable to understand this.How the required margin for overnight positions is far less than other brokers for zerodha.??
As far i know the exchange decides the required margin to carry a position , isn't that same for all the brokers??
I have checked margin for 2 other brokers and they are same but ur total margin required for overnight carry is far less for both equity futures and commodities.The required span maring % is also less.
Am i missing something here?
can u pls explain ??
As far i know the exchange decides the required margin to carry a position , isn't that same for all the brokers??
I have checked margin for 2 other brokers and they are same but ur total margin required for overnight carry is far less for both equity futures and commodities.The required span maring % is also less.
Am i missing something here?
can u pls explain ??
For commodities,
what you see on the SPAN file for Crude is around Rs47500 which has actually gone up recently. But along with this the exchange is also blocking an additional margin of 5% at the broker level(margin for crude will be around 90,000). This additional margin of 5% of the contract is the discretion of the broker if he wants to absorb or pass it back to the client.
We have excess funds deposited with MCX and hence don't block this additional margin for our clients and take it on our head.
So you get to trade overnight crude at Zerodha for 47k and intraday for around 23k, whereas the margin requirement with our competitors might be just double of this.
hopefully this clarifies..
:thumb:
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Hi, Zerodha,
Just for a suggestion,
You can think of some lower margin facility for intraday option sellers. Here the risk is less, If someone want to sell a Rs 40-80 options to pocket a 6 - 10 premium within intraday in range bound days.
But the margin required to do such trade is equivalent to MIS at least, which is even much more than cover order.
But you can easily, see here even a cover order type margin like Rs 7,000 means 140 pt loss within intraday is more than enough for Rs 40-80 priced options.
If you could find a way to reduce margin for such less risky (not positional) option trades many one can benefit. It is clearly not possible using cover order (for options) but you can find other way. It is possible using the MIS code while Option Selling, you can give lower margin facility. May be with your new terminal. Your RMS Team can consider that case. Such facility will increase your turnover also.
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Just for idea for one nifty option intraday selling [under MIS code, auto square off 3:20 PM] you can block fixed Rs 5000 per lot (100 per unit) and no credit for sold position. Stop loss like cover order is at 100 pt difference at market order.
You can block another Rs 1000 extra per lot (extra 20 pt beyond stop loss market) as option price is more volatile or you can reduce max stop loss to 50 or 80 pt while fixed blocked margin is Rs 5000
It is clearly possible to implement if NSE don't objects. It is safe also for brokers. Zerodha is known for innovative ideas.
Best Wishes.
===============
Hi, Zerodha,
Just for a suggestion,
You can think of some lower margin facility for intraday option sellers. Here the risk is less, If someone want to sell a Rs 40-80 options to pocket a 6 - 10 premium within intraday in range bound days.
But the margin required to do such trade is equivalent to MIS at least, which is even much more than cover order.
But you can easily, see here even a cover order type margin like Rs 7,000 means 140 pt loss within intraday is more than enough for Rs 40-80 priced options.
If you could find a way to reduce margin for such less risky (not positional) option trades many one can benefit. It is clearly not possible using cover order (for options) but you can find other way. It is possible using the MIS code while Option Selling, you can give lower margin facility. May be with your new terminal. Your RMS Team can consider that case. Such facility will increase your turnover also.
===============
Just for idea for one nifty option intraday selling [under MIS code, auto square off 3:20 PM] you can block fixed Rs 5000 per lot (100 per unit) and no credit for sold position. Stop loss like cover order is at 100 pt difference at market order.
You can block another Rs 1000 extra per lot (extra 20 pt beyond stop loss market) as option price is more volatile or you can reduce max stop loss to 50 or 80 pt while fixed blocked margin is Rs 5000
It is clearly possible to implement if NSE don't objects. It is safe also for brokers. Zerodha is known for innovative ideas.
Best Wishes.
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