Zerodha - Number One Discount Broker in India

[tradetolearn]

Not with Zerodha. It should be. Zerodha margin calculations in back office and surveillance -RMS client margin is based on this premise. However, when they decide to liquidate your position,they will adopt different basis and will take you for a ride. If you question them,then you will get the reply"option premium is not taken in margin available calculations". This is not included in their margin policy document. Due to this adhocism and Zerodha's secret rules,you may incur heavy losses due to liquidation of your positions for NO fault of yours.

Take your own decision about your relationship with this broker.

I have already decided --QUIT

Hello Ravi ji,

Ur above viewpoint is only to be considered if one is an option trader or
did u face any other problem in nse futures or mcx trading with zerodha??

 

[nac]

--* profit and loss report (I have only sold(shorted) some lots of options .the report here though suggests both buying and selling)

The other leg, you didn't initiated is settlement price, I assume.

 

[tradetolearn]

For equity we settle with the exchanges on T+0, so our margin requirement for overnight positions will be around 10 to 15% lower. http://zerodha.com/margin-calculator/Futures/

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..

Hello zerodha,
The span calculator in the zerodha trader shows a completely different margin from what is mentioned in the margin file in back office.
For mcx its just double and for nse futures it is also not the same.
Back office margin is much less than that shown in span calculator.
can u explain ???Which one is correct ?

 

[Zerodha]

plz tell what margin current for
gold and goldmini per lot.

1.9lks for big and 19 thousand for mini

 

[Delaroche]

hi,
Zerodha . A clarification on the figures mentioned in the above post would be very helpful.

 

[RAVI1952]

Hello Ravi ji,

Ur above viewpoint is only to be considered if one is an option trader or
did u face any other problem in nse futures or mcx trading with zerodha??

Yes please. I faced this problem twice. First time in May,2013, I was assured that it will not be repeated. Unfortunately, I made a mistake in trusting them. The same thing has been repeated last week.

I cannot afford it now and so stopped trading. I shall close my account within next few weeks after closing my open positions.
I consider it cheating. If they are fair,why don't they include it in their margin policy and also in the Margin calculations given in the back office and also sent through e-mail?

Ravinder

Another issue: As per their margin policy document,positions will be liquidated only at 3.10 pm. In my case, they liquidated the positions at 12.00 noon in May and at 2.45 pm last week.

They are giving all funny unacceptable statements.

Choice is yours to risk your money with such sub par brokers.

 

[Zerodha]

hello,
i executed a trade in the nse derivatives segment with zerodha today.There are a few queries regarding your back-office reports.Mentioning them below.
1) Client access-- *view net position ( No records visible)
-- *view open positions (could you explain the figures under settlement price ,profit/loss headings) .
--* profit and loss report (I have only sold(shorted) some lots of options .the report here though suggests both buying and selling)

2) Account summary-- * Exposure margins--combined ledger view --(the figures under "net"heading)
-- * open position/mtom (The figures under closing price and mtm value).

Also, the account summary constantly needs to be refreshed( pressing get) to be able to get the details. How do i select a heading and get it to open in another window ?
regards.

1) * View Net Position: Shows you the net position (net off between buy and sell) expiry date wise.. If the position you've taken is in an October expiry contract, change the Expiry Date to 31/10/2013 and you'd be able to see the report.
* View Open Position: Values the option position you've taken against the underlying price of stock/index.. For eg: If you've bought 145 CE of Reliance Communication at Rs.14/- and if the value of Reliance Communication is Rs.151, then the figure under Settlement Price will be Rs.151 and the Profit/Loss would be unrealised Profit/Loss based on the Settlement price of the stock..


2) Account Summary: *Exposure margins -- Exposure/Additional Margin for any Futures position taken.
*Combined Ledger View: Amount under Net is the amount after all debits and credits..Shows you the running balance..

* Open Position/MTM: Again for Futures; if there's any Mark to market for Futures position taken it would show you here..

To open a new window, right click on the menu and select open in new window..

 

[VJAY]

Not with Zerodha. It should be. Zerodha margin calculations in back office and surveillance -RMS client margin is based on this premise. However, when they decide to liquidate your position,they will adopt different basis and will take you for a ride. If you question them,then you will get the reply"option premium is not taken in margin available calculations". This is not included in their margin policy document. Due to this adhocism and Zerodha's secret rules,you may incur heavy losses due to liquidation of your positions for NO fault of yours.

Take your own decision about your relationship with this broker.

I have already decided --QUIT

Yes please. I faced this problem twice. First time in May,2013, I was assured that it will not be repeated. Unfortunately, I made a mistake in trusting them. The same thing has been repeated last week.

I cannot afford it now and so stopped trading. I shall close my account within next few weeks after closing my open positions.
I consider it cheating. If they are fair,why don't they include it in their margin policy and also in the Margin calculations given in the back office and also sent through e-mail?

Ravinder

Another issue: As per their margin policy document,positions will be liquidated only at 3.10 pm. In my case, they liquidated the positions at 12.00 noon in May and at 2.45 pm last week.

They are giving all funny unacceptable statements.

Choice is yours to risk your money with such sub par brokers.

Dear Zerodha,
Why you silent mr.Ravi's problems...I hoped to see your explaination with clarity.....

 

[tradetolearn]

Yes please. I faced this problem twice. First time in May,2013, I was assured that it will not be repeated. Unfortunately, I made a mistake in trusting them. The same thing has been repeated last week.

I cannot afford it now and so stopped trading. I shall close my account within next few weeks after closing my open positions.
I consider it cheating. If they are fair,why don't they include it in their margin policy and also in the Margin calculations given in the back office and also sent through e-mail?

Ravinder

Another issue: As per their margin policy document,positions will be liquidated only at 3.10 pm. In my case, they liquidated the positions at 12.00 noon in May and at 2.45 pm last week.

They are giving all funny unacceptable statements.

Choice is yours to risk your money with such sub par brokers.

Well if it happened in options then its unfortunate. I don't have any knowledge of it and i don't trade options.
i asked u that did u face any problem in trading with nse futures and mcx also like u mentioned in options?Pls clariy"Did u face similar problem in nse futures and mcx also "???

 

[Shailu]

as per my method in silver i m trading. Per lot my profit or stoploss point is 50 .
Means 50*30= 1500 rs profit.
I wana know 1lot buy+sell= 40 rs brokrage
how much other charges in this tranaction plz tell and add 40 rs with that exp . Plz tell net charges per lot buy sell in silver.