Yes the margin statement on the backoffice is not opening because we had to recently change the margin format as per the new SEBI circular. This is not incorporated on the backoffice, should take around 5 days more.. Margin statements are sent daily in any case to your email, but if you haven't received, can you send an email to [email protected] with your client id.
Zerodha Part 2
- Thread starter Traderji
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@zerodha, Have been tracking your thread silently for a while, what you started was pretty innovative or should I say you thought about it before everyone else did..
But I think what you guys have done is not a good thing for the broking business.. Today we have every tom, dick and harry becoming stock brokers and I just fear the fate of all of them when the market crashes like 2008 once again.
It is like a weapon's race, Rs 20, Rs 18, Rs 15, 2000/month, 1500/month 500/month.. What about Risk management? Networth of the broker? Liquid assets?? Aren't these all important when a retail trader puts his hard earned money with a broker?? Everyone thinks saving that little on brokerage will make them more profitable in the markets..
I am a CA and have been running a research for the last few months for this project for an international broking firm who want to get a perspective of the business in India. Have looked at the balance sheet of both public and private stock broking firms.. Spoke to your team as a journalist
..
My view is that, doing business based only on NOW being free is detrimental to this industry. People like sharekhan, angel, MOSL etc who have to spend so much on technology, doesn't give an even playing field.. I think you guys have opened the Pandora's box and this can cause few people to be hurt eventually..
Thanks for all the insights provided by your team and tell Nithin that Ajay the journalist he spoke to was not really he, He was " CREEP" ....
But I think what you guys have done is not a good thing for the broking business.. Today we have every tom, dick and harry becoming stock brokers and I just fear the fate of all of them when the market crashes like 2008 once again.
It is like a weapon's race, Rs 20, Rs 18, Rs 15, 2000/month, 1500/month 500/month.. What about Risk management? Networth of the broker? Liquid assets?? Aren't these all important when a retail trader puts his hard earned money with a broker?? Everyone thinks saving that little on brokerage will make them more profitable in the markets..
I am a CA and have been running a research for the last few months for this project for an international broking firm who want to get a perspective of the business in India. Have looked at the balance sheet of both public and private stock broking firms.. Spoke to your team as a journalist
.. My view is that, doing business based only on NOW being free is detrimental to this industry. People like sharekhan, angel, MOSL etc who have to spend so much on technology, doesn't give an even playing field.. I think you guys have opened the Pandora's box and this can cause few people to be hurt eventually..
Thanks for all the insights provided by your team and tell Nithin that Ajay the journalist he spoke to was not really he, He was " CREEP" ..
..Agreed but the question on my mind when I was trading with ICICIDIREST ,is why they charge brokerage per lot, the software , checks correctness, risk management concept and pushes to exchange.
hence, one lot or 100 lots should cost the same, charging per lot is fleecing , isn't it?( only the brokerage, not other charges)
hence, one lot or 100 lots should cost the same, charging per lot is fleecing , isn't it?( only the brokerage, not other charges)
@zerodha, Have been tracking your thread silently for a while, what you started was pretty innovative or should I say you thought about it before everyone else did..
But I think what you guys have done is not a good thing for the broking business.. Today we have every tom, dick and harry becoming stock brokers and I just fear the fate of all of them when the market crashes like 2008 once again.
It is like a weapon's race, Rs 20, Rs 18, Rs 15, 2000/month, 1500/month 500/month.. What about Risk management? Networth of the broker? Liquid assets?? Aren't these all important when a retail trader puts his hard earned money with a broker?? Everyone thinks saving that little on brokerage will make them more profitable in the markets..
I am a CA and have been running a research for the last few months for this project for an international broking firm who want to get a perspective of the business in India. Have looked at the balance sheet of both public and private stock broking firms.. Spoke to your team as a journalist..
My view is that, doing business based only on NOW being free is detrimental to this industry. People like sharekhan, angel, MOSL etc who have to spend so much on technology, doesn't give an even playing field.. I think you guys have opened the Pandora's box and this can cause few people to be hurt eventually..
Thanks for all the insights provided by your team and tell Nithin that Ajay the journalist he spoke to was not really he, He was " CREEP" ....
But I think what you guys have done is not a good thing for the broking business.. Today we have every tom, dick and harry becoming stock brokers and I just fear the fate of all of them when the market crashes like 2008 once again.
It is like a weapon's race, Rs 20, Rs 18, Rs 15, 2000/month, 1500/month 500/month.. What about Risk management? Networth of the broker? Liquid assets?? Aren't these all important when a retail trader puts his hard earned money with a broker?? Everyone thinks saving that little on brokerage will make them more profitable in the markets..
I am a CA and have been running a research for the last few months for this project for an international broking firm who want to get a perspective of the business in India. Have looked at the balance sheet of both public and private stock broking firms.. Spoke to your team as a journalist
.. My view is that, doing business based only on NOW being free is detrimental to this industry. People like sharekhan, angel, MOSL etc who have to spend so much on technology, doesn't give an even playing field.. I think you guys have opened the Pandora's box and this can cause few people to be hurt eventually..
Thanks for all the insights provided by your team and tell Nithin that Ajay the journalist he spoke to was not really he, He was " CREEP" ..
..
With the margin system of NSE/SEBI it is virtually impossible for a broker to default. As a researcher please find out how many brokers have defaulted in last 10 years on NSE after they started strict VAR margins and M to M. To my information the figure is NIL....not a single default in last 10 years.
Low brokerage is the result of on line trading, computerisation, volumes and competition which is always healthy.
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Apart from zerodha's api and upstox API are there any other APIs available from any other trader?
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