Zerodha - Number One Discount Broker in India

[tradetolearn]

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 ?

hey zerodha missed my query

 

[Zerodha]

@ Zerodha ,

As you are among the Biggest brokers of India , I would request you to put a representation to NSE on behalf of small retail traders to start the MINIFTY Contract again.

Minifty was such a favourite of new traders as well as retail traders who were applying their methodology of Money Management for profitability . With the exclusion of MINIFTY Contract , such traders have been deprived of good trading opportunity.

If big brokers like you will put this demand then NSE will surely take note of it. I have sent numerous e-mails to NSE officials but there are no replies or even acknowledgement of the e-mails.

I hope you will take note of it.

Thanks & Regards.

It was actually SEBI's decision to discontinue trading in Mini Nifty to ensure small investors don't get attracted towards the derivative markets, considering the risks that come with trading derivatives.. http://www.sebi.gov.in/cms/sebi_data/attachdocs/1353409729402.pdf
Totally understand what you've to say considering that risk is an inherent factor of the market and is not necessarily restricted to derivatives.. I know people who've lost much more trading stocks as compared to derivatives.. Mini Nifty was a good stepping stone for someone who was exploring the derivatives markets.. We'll do our best to put forward a recommendation to the Exchange to reintroduce Mini contracts..

 

[doshiv]

It was actually SEBI's decision to discontinue trading in Mini Nifty to ensure small investors don't get attracted towards the derivative markets, considering the risks that come with trading derivatives.. http://www.sebi.gov.in/cms/sebi_data/attachdocs/1353409729402.pdf
Totally understand what you've to say considering that risk is an inherent factor of the market and is not necessarily restricted to derivatives.. I know people who've lost much more trading stocks as compared to derivatives.. Mini Nifty was a good stepping stone for someone who was exploring the derivatives markets.. We'll do our best to put forward a recommendation to the Exchange to reintroduce Mini contracts..

I think Minifty was removed as it was more benefiting to small retail traders (Money nifty) !

 

[timepass]

It was actually SEBI's decision to discontinue trading in Mini Nifty to ensure small investors don't get attracted towards the derivative markets, considering the risks that come with trading derivatives.. http://www.sebi.gov.in/cms/sebi_data/attachdocs/1353409729402.pdf
Totally understand what you've to say considering that risk is an inherent factor of the market and is not necessarily restricted to derivatives.. I know people who've lost much more trading stocks as compared to derivatives.. Mini Nifty was a good stepping stone for someone who was exploring the derivatives markets.. We'll do our best to put forward a recommendation to the Exchange to reintroduce Mini contracts..

Thank you. If you need some sort of signature campaign or other support from the small traders, you will find many volunteers here.

 

[TracerBullet]

ZTrader Version of Mac is not stable..Our developers are working on it.. Till then you'll have to install VMware and install the Windows version..

iPad app is in the pipeline...

Any word on linux support ? Thanks

 

[Delaroche]

1) If you're long options:

*Unrealised Profit (In-the-money option only) = (Settlement Price - Strike Price)*Lot Size
*Unrealised Loss = Premium paid for the option

1a) If you're short options:

*Unrealised Profit = (Strike Price+Option Premium - Settlement Price)
*Unrealised Loss = (Strike Price+Option Premium - Settlement Price)

2) Could you PM me your Client ID; we'll have this checked...

Premium collected for selling options will not be considered towards margin to carry forward short options positions.

hi,
unable to locate the pm option either in the post or my cp. any other way i could help you take up the said matter for your consideration. regards.
Also, i am short options and the profit/loss figure under client access--view open position-- profit/loss does not correspond to your calculations mentioned above.

 

[Zerodha]

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 ?

For MCX, as I had mentioned in the earlier post the backoffice was blocking as per the additional margin imposed by MCX, whereas trading platform was not. It will show same on both from monday..

For NSE futures, we block 85% of BO margin. The reason for the 15% lesser is to give small extra leverage for people who want to buy but are short a few rupees or to convert position from MIS to NRML. To give an example, if Nifty requires 25k, but you have 24900 in your account, it will not let you buy. But because 85% of 25k, it will let you buy even if you had 23500 in your trading platform. Small leverage to help our clients..

 

[Zerodha]

hi,
unable to locate the pm option either in the post or my cp. any other way i could help you take up the said matter for your consideration. regards.
Also, i am short options and the profit/loss figure under client access--view open position-- profit/loss does not correspond to your calculations mentioned above.

can u send an email to [email protected] keeping Bharath in CC?

 

[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.

Ravi,

As a broker we have to ensure that we are safe, in the interest of us and our clients, hoping that you will appreciate that.

If tomorrow, a person has bought 4 lots of nifty for 1lk and suddenly nifty drops causing a huge loss, do we hold the position or square off? Every RMS team of broker will do, they won't wait till 3.20pm and take the risk of the loss getting bigger and account going into debit.

Don't want to get into details on a public forum, but if there is a loss and risk of account going into debit, especially on extraordinary days like the one recently when NIfty bounced over 4%, we as brokers have to safeguard ourselves, I guess everyone has to be more worried if we don't do that efficiently..

@Ravi, if you want to talk about this let me know, I can call you at your convenience.

Cheers,

 

[Shailu]

any good strategy in zerodha for hedging or arbitrage.
or any good trading software platform which is unique no other broker provide
than one can go for zerodha.