Zerodha - Number One Discount Broker in India

[ksesha]

I have gone through all the posts and see no problem with this guy.

All that he is saying is that the policies of Zerodha are not correct. He clearly mentioned them in detail.

1) The premium earned from writing options is allowed by Zerodha to take further trades as a policy. All of a sudden one fine day they say it is not allowed. And from next day on-wards it is again allowed.

2) The time to auto square off is defined as 3.10 PM as a policy. All of a sudden one fine day they say it can be done at any time.

I believe it is Zerodha to get their acts in order by defining clear policies and eliminate discrimination and or profiling. In the name of Risk management no one should be treated differently with suspicion.

Zerodha should have a well defined risk management policy written and published rather than individuals treating a randomly selected trades/traders with suspicion.

Either one could be true

1) Ravi1952 has been cheated repeatedly by five different brokers, both big and small, over the past 5 years.

or

2) Ravi1952 is a big cheat himself.

 

[akhill]

I have gone through all the posts and see no problem with this guy.

All that he is saying is that the policies of Zerodha are not correct. He clearly mentioned them in detail.

1) The premium earned from writing options is allowed by Zerodha to take further trades as a policy. All of a sudden one fine day they say it is not allowed. And from next day on-wards it is again allowed.

2) The time to auto square off is defined as 3.10 PM as a policy. All of a sudden one fine day they say it can be done at any time.

I believe it is Zerodha to get their acts in order by defining clear policies and eliminate discrimination and or profiling. In the name of Risk management no one should be treated differently with suspicion.

Zerodha should have a well defined risk management policy written and published rather than individuals treating a randomly selected trades/traders with suspicion.

yeah.. moreover if Ravi was wrong and falsely blaming zerodha, they wouldn't have offered him 100 free trades right ? I guess zerodha gave him a hard time and vice versa too.. lol. But, zerodha should've had the basic courtesy of informing the client about squaring off his positions before the prescribed time of 3:10 PM . they just cannot change the rules in a day which suits them and make the client liable to the new rules. its utter BS. If this continues, there will be no difference between zerodha and other small petty brokers whom we keep away because of their unscrupulous activities.

 

[comm4300]

yeah.. moreover if Ravi was wrong and falsely blaming zerodha, they wouldn't have offered him 100 free trades right ?

this is not verified yet.

I guess zerodha gave him a hard time and vice versa too.. lol. But, zerodha should've had the basic courtesy of informing the client about squaring off his positions before the prescribed time of 3:10 PM . they just cannot change the rules in a day which suits them and make the client liable to the new rules. its utter BS.

the day of this activity was a big event day. Zerodha had to take extra care.

If this continues, there will be no difference between zerodha and other small petty brokers whom we keep away because of their unscrupulous activities.

there is BIG difference between unscrupulous petty brokers and Zerodha. While former invites you to take huge leverage, trade from your account w/o your permission, Zerodha takes the extra step of being safe with Funds and limits.

i guess this needs to be put to rest...dragging for 3 pages now.

 

[arcus]

1) The premium earned from writing options is allowed by Zerodha to take further trades as a policy. All of a sudden one fine day they say it is not allowed. And from next day on-wards it is again allowed.

Zerodha follows a T+0 settlement cycle for F&O. That means, if you write an option today, the premium amount will not come to you until the end of the day/next day morning.

2) The time to auto square off is defined as 3.10 PM as a policy. All of a sudden one fine day they say it can be done at any time.

But, zerodha should've had the basic courtesy of informing the client about squaring off his positions before the prescribed time of 3:10 PM . they just cannot change the rules in a day which suits them and make the client liable to the new rules. its utter BS.

You both have never heard of margin call, have you?

A broker can auto square off a trade anytime between 9:15 to 3:30 if there is a margin call.

Instead of supporting a cheat, why dont you look at what a margin call is in google?

 

[arcus]

RAVI,
What was the contract you write and what was the margin blocked to open that position for one lot?

Ravi1956, since you are feeling so cheated, why don't you tell us exactly what actually happened.
1) What trades did you take?
2) How much money was there in your account?
Optionally, you could post the screenshots of your contract notes. (you can remove your details and post the screenshot).

Ravi Bhai,
Looks like you are out to malign the broker.. Why I say this is because instead of focusing on the issue, you are beating around the bush and coming up with all sorts of lame posts.. Are you trying to grab some attention of this forum? Or you hired by brokers to malign the reputation of brokers offering services in India.. If you're having issues in my country, please go back to US where you claim the services & regulation is top notch..I would advice, either come out in the clear, give the facts:
a) how much money you had in your account,
b) how much option premium you had collected
c) what strike you had written
d) how many lots were squared off by Zerodha
e) how much loss were you in
You don't seem to be interested to resolve your concern..You are concentrating more on spreading negatives about brokers.. If that is your sole intention I think you should do it elsewhere..

Instead of wasting other's time here and filling the thread with useless posts, could you please put out the exact data as other members have requested in the previous posts(which you are choosing to ignore).

He has ignored all of the above and this is the reply Ravi1952 has given

Request you to do some more research at some other websites.

:rofl:

 

[Zerodha]

Zerodha,

Is it possible to open account and start trading with out pan and get and provide the pan number later ? say in two months ?

Not possible, without a PAN your unique client code with the exchange can't be created.

 

[Zerodha]

hi zerodha,

i cannot able to trade intraday (MIS) in Jetairways scrip...!!! ( full margin required for this scrip like delivery)

pls give the scrip list that not able to trade intraday trade(mis)

thanks

http://zerodha.com/margin-calculator/Equity/ this link contains all the stocks which have MIS.

We have taken this off MIS because of the recent circuits it has been hitting on merger news..

 

[shekharinvest]

Hi nac,
Thank you for your advice. Firstly, my intention was not to engage in so much discussions. I just wanted the community to know about Zerodha as they did not give any satisfactory response to my direct e-mail to them. Now I have also begun to feel that many participants on this forum are proxy of Zerodha.
It is for the individuals to take decision.
As regards, going to the regulatory bodies, I have learnt that in most cases it does not work unless you go for arbitration. Even for arbitration, you have to choose the arbitrator from the selected list. I have no experience about it. But I have a strong feeling that unscrupulous brokers will have expertise in striking a deal.

There are some fundamental issues with this guy.

Even before approaching some kind of redressal mechanism /arbitration he has a feeling of being cheated by them too.

 

[doshiv]

What happened in nifty oct future ?

 

[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 ?

Please reply in detail :annoyed: