Zerodha
I was going through Zerodha policies ...
I see this para ..
DEBIT BALANCE:
The client is required to settle the debit balance within 5 working days failing which interest at the
rate of 18% p.a shall be charged on such debit balance until such debit balance is settled.
Can you please tell in which situation DEBIT BALANCE might occur and this policy is applicable ? ?
In Future there is no chance of debit balance (because you auto square off short position if loss is 80% of blocked margin)
In Option , client has to fund full margin
In equity delivery client has to fund full margin
So in which situation DEBIT BALANCE might occur and this policy is applicable ?
THEY WILL NOT PROVIDE YOU WITH ANY MARGIN BUT GOD FORBIDS IF MARKET CHECK MATES THEM JUST IN CASE THEY HAVE THE PROVISION IN PLACE TO ASK YOU FOR MONEY :clapping:
THEY WANT THAT 1 LACKS TRADE AT NSE EVERY DAY SHOULD BE ROOTED THOUGH THEM SO THEY MAKE 20 LACS IN BUY AND 20 LACKS IN SELL BROKERAGE EVERY DAY BUT CLIENTS SHOULD NOT ASK FOR ANYTHING
IN AN EARLIER POST I ASKED THEM HOW CAN I BUY NIFTY FUTURE AT DIFFERENT PRICES IN ONE TRADE SO I CAN BENEFITS 20 RS PER TRADE WHICH IS THE TALK OF THE COUNTRY
And they replied that place order of 10 lots as soon as 2 are traded modify that to 8 lots 5 points lower as and keep on doing this
Is this the answer for the question i bet the best algos cannot do trade like this what they can do is place 2 lots slice orders at every 5 points
But rather than saying you cannot trade 10 lots in 20 rs at different price they wanting to be seen smart told me the above way