Zerodha - Number One Discount Broker in India

[RAVI1952]

hello ravi,
Your statements are helping other guys to be on their toes. regards.

Thank you . I appreciate your comments.My experience is that most Brokers in India are crooks. They will attract clients with low brokerage but will take them for a ride,once account is opened. They use different methods. Bottom line is that they try to play with your funds by hook and crook.
Stock market is risky and it has become worse with these unscrupulous brokers. I was in USA until 2008. I used to trade their heavily. I never faced any such problem.

Why?

In USA,if you make complaint to security board, there will be investigation and heavy penalty is imposed on such brokers. In India, NSE and Sebi are in the pocket of these guys. You make complaint,nothing will happen unless you are prepared to pursue your case as a whole time project. The end game is "These Indian brokers know that they can screw indian traders/clients without any fear.

 

[XUV-500]

thanks Zerodha,
I wasn't fully aware of issue and i refrain from writing options,leave aside deep ITM.
Practically i am not bothered about issue with Ravi ji.
But that statement made me restless.

Now i understood your motive behind that offer.
Thanks for the detailed clarification :thumb:

 

[Happy_Singh]

Thank you . I appreciate your comments.My experience is that most Brokers in India are crooks. They will attract clients with low brokerage but will take them for a ride,once account is opened. They use different methods. Bottom line is that they try to play with your funds by hook and crook.
Stock market is risky and it has become worse with these unscrupulous brokers. I was in USA until 2008. I used to trade their heavily. I never faced any such problem.

Why?

In USA,if you make complaint to security board, there will be investigation and heavy penalty is imposed on such brokers. In India, NSE and Sebi are in the pocket of these guys. You make complaint,nothing will happen unless you are prepared to pursue your case as a whole time project. The end game is "These Indian brokers know that they can screw indian traders/clients without any fear.

Hey ravi

Instead of making sweeping statements and bragging about how good it was in US for you, why don't you tell us specifically what is your problem with Zerodha.

As for now it seems from their response that they were quite right in squaring off your position.

We all certainly want our broker to have good risk management in place . . . its essential to protect us . . .

Cheers

Happy

 

[arcus]

Thank you . I appreciate your comments.My experience is that most Brokers in India are crooks. They will attract clients with low brokerage but will take them for a ride,once account is opened. They use different methods. Bottom line is that they try to play with your funds by hook and crook.
Stock market is risky and it has become worse with these unscrupulous brokers. I was in USA until 2008. I used to trade their heavily. I never faced any such problem.

Why?

In USA,if you make complaint to security board, there will be investigation and heavy penalty is imposed on such brokers. In India, NSE and Sebi are in the pocket of these guys. You make complaint,nothing will happen unless you are prepared to pursue your case as a whole time project. The end game is "These Indian brokers know that they can screw indian traders/clients without any fear.

No wonder thousands of both small and big traders lost millions of dollars in USA when one if its biggest brokerages called MF Global went bankrupt.

In India, the margin rules and Exchanges are very strict. For example, in Options spreads we have to maintain a much higher margin than most countries in the world. I have never heard of a big brokerage going bankrupt in India in recent times.

 

[arcus]

I have been trading with Zerodha for 6 months and I find their service to be very good. We can't expect full service brokerage for someone who is offering us to trade for Rs 20.

Most discount brokers charge 90% less than full service brokers.

Among the discount brokers, I'm pretty sure Zerodha is among the top.

 

[ocil]

Thank you . I appreciate your comments.My experience is that most Brokers in India are crooks. They will attract clients with low brokerage but will take them for a ride,once account is opened. They use different methods. Bottom line is that they try to play with your funds by hook and crook.
Stock market is risky and it has become worse with these unscrupulous brokers. I was in USA until 2008. I used to trade their heavily. I never faced any such problem.

Why?

In USA,if you make complaint to security board, there will be investigation and heavy penalty is imposed on such brokers. In India, NSE and Sebi are in the pocket of these guys. You make complaint,nothing will happen unless you are prepared to pursue your case as a whole time project. The end game is "These Indian brokers know that they can screw indian traders/clients without any fear.

Ha ha ha he is quoting USA...Did all the banks are failed in USA because of good money management? If ZERODHA failed what will happen to their client. Don't give example of USA. I am happy that Zerodha has good money management. If you not happy with zerodha go to any other broker who can help you to suicide in the market.

 

[doshiv]

Thank you . I appreciate your comments.My experience is that most Brokers in India are crooks. They will attract clients with low brokerage but will take them for a ride,once account is opened. They use different methods. Bottom line is that they try to play with your funds by hook and crook.
Stock market is risky and it has become worse with these unscrupulous brokers. I was in USA until 2008. I used to trade their heavily. I never faced any such problem.

Why?

In USA,if you make complaint to security board, there will be investigation and heavy penalty is imposed on such brokers. In India, NSE and Sebi are in the pocket of these guys. You make complaint,nothing will happen unless you are prepared to pursue your case as a whole time project. The end game is "These Indian brokers know that they can screw indian traders/clients without any fear.

In India , this traderji platform is working as the security board for us :rofl:

 

[doshiv]

Today I could not place orders in NSE in preopen session . What was the problem ?
What is meant by close out (from broker side) ? Is it releted to short of margin to exchange from zerodha ?

waiting for clarity from you yet...

 

[columbus]

waiting for clarity from you yet..

We can't place orders in Pre-open session.

 

[abliss_ready]

Thank you . I appreciate your comments.My experience is that most Brokers in India are crooks. They will attract clients with low brokerage but will take them for a ride,once account is opened. They use different methods. Bottom line is that they try to play with your funds by hook and crook.
Stock market is risky and it has become worse with these unscrupulous brokers. I was in USA until 2008. I used to trade their heavily. I never faced any such problem.

Why?

In USA,if you make complaint to security board, there will be investigation and heavy penalty is imposed on such brokers. In India, NSE and Sebi are in the pocket of these guys. You make complaint,nothing will happen unless you are prepared to pursue your case as a whole time project. The end game is "These Indian brokers know that they can screw indian traders/clients without any fear.

Good that Zerodha is following strict risk control practices. Just look at how excessive greed of one trader caused a Billion dollar loss for JP Morgan..