Zerodha Part 2

[megapixel]

Shoot an email to [email protected] with the subject as Sachin

Hi Zerodha,

I have dropped a mail today (27-Decm-2012) at 7.43 AM morning. I have put subject as Sachin/Hari

Please do a search in mailbox . Could you please reply to the mail.

Thanks

 

[megapixel]

Hi Zerodha/Fellow traders,

when I login to zerodha web , I'm getting this

By default Lots is preselected.

If I select Weights here , what this will mean and what impact will be in the trading ....(if possible ..give an example please)?

 

[VJAY]

Hi Zerodha/Fellow traders,

when I login to zerodha web , I'm getting this

By default Lots is preselected.

If I select Weights here , what this will mean and what impact will be in the trading ....(if possible ..give an example please)?

IMO weigh means qty of lots....means when in lots crude shows 1 qty...if selected weigh then shows 100 in qty field...

 

[My investmentz]

I thought you were saying that you pay a fixed 50k per month??

I am on a holiday till the 2nd and I guess Hari/Bharath would be answering queries on traderji until then..

I guess there is enough posted on charges and discussed, for a person who is probably trading as much as you say your are, the saving from stamp duty with us will almost equal whatever the transaction charge difference is for you presently. If you do 10cr turnover a day, you will pay Rs 2000 as stampduty with your broker and you will pay Rs 50 with us..

That apart, all your points taken, but we have to do as a business what we think is right!!!

Well i dont know weather i can save or not with your stamp duty but the point is as i dont have a gun to my head as to how much i have to trade in one lot when i pay 600 rs brokerage + tax there i can buy 125 shares of sbi in 125 trades Ie is 1 share per order and still pay the same brokerage

I was interested in saving some money thats why constantly asked you for margins and replying to my 25 or so post with all sorts of answers starting from we will be providing margins to we will provide margins when we have our own software and then you need to pay 30 % as cash to saying with our nest you can get online margin to finally saying you need to manually pledge stocks
like a 1980s broker to blaming me for any body who came on a open forum and asked you for margins you never said that i will be paying more then what i pay in most segments

now this is upto the intelligence or stupidity of the fellow members to decide what to do as you have right to charge them what ever you like

20 rs per order brokerage no one gave but 500 rs per crore + 200 TRXN charges every broker gives

Now when you TRXN charges are nearly 500 i dont see why your FNO majority clients dont see it sooner then later

And i dont request you any more to reduce charges like sumit kumar wrote above your clients will start to run to this full service brokers or other discount brokers you will you self start reducing the charges

In the name of trxn charges please dont charge people brokerage 2 times on one leg or may be more

We do business as we like well lets see you take you TRXN charges to 800 first or 200 we both are here :clapping:

 

[soft_trader]

@ sumit:

Yes... I appreciate your effort to take this matter up to SEBI/NSE. Let's join our hands and stop this malpractice. I also want to take it up to the regulatory bodies. Please PM me the process.

 

[TradeRaid]

When I use Cover Orders for trading, I'd like to have an option to place a limit order instead of always placing a market order. If my quantity is less than 10 lots, it's okay to use a market order. But if my quantity is 20 or more lots per order, I'd like the ability to limit impact cost. When can you give me a Limit price option on Cover Orders?

 

[My investmentz]

@ sumit:

Yes... I appreciate your effort to take this matter up to SEBI/NSE. Let's join our hands and stop this malpractice. I also want to take it up to the regulatory bodies. Please PM me the process.

:clap: Damn guys you are many steps ahead of me i was just asking reduction in
charges and fair business practice you guys plan to go to SEBI
Well its your choice if you have time and Effort

Zerodha it is this the first time i have read the word malpractice at your thread so do something to make is the last time ( That to from a soft person like soft trader )

And also guys please keep you passprot sized photograps ready as ZD people will blame me from now on on each of you post asking complaing cribbing post
above TRXN charges It doesnt bother me that much i dont even trade with them ( i guess it bothers the people from who pocket money its going out :clapping

When I use Cover Orders for trading, I'd like to have an option to place a limit order instead of always placing a market order. If my quantity is less than 10 lots, it's okay to use a market order. But if my quantity is 20 or more lots per order, I'd like the ability to limit impact cost. When can you give me a Limit price option on Cover Orders?

@Trade raid Bhai so much worry for the impact cost is a good thing If so ask them to reduce TRXN charges which itself are equal to the brokerage many brokers are charging
so in reality you are paying 20 rs per order for nothing

 

[timepass]

One sec, guys. Why not wait for Zerodha to respond to this. I'm sure there must be something discretionary about this. Many brokers are charging more than Rs. 240 (or whatever). Zerodha has, in their 2 odd years, proved to be scrupulously fair in their money matters.

 

[hayerpa]

how about if we right directly to CEO nitin about this matter lolz

 

[hibhai]

Sachin...Please look into this. I was trying to sell 5900 CE via cover order for Rs. 19.00............the system wanted me to keep an SL between 19.20 & 19.30..........isn't that strange...most likely both my original order and SL order will be executed together......1.5% range for SL for options is too less...Cover order then absolutely doesn't make any sense.....it should be 1.5% of strike price ideally instead of the LTP in case of options...only then would it make any sense....if this is not possible, you should come up with something more rationale...I dont think it makes any sense for me to sell option at 19 and put a stoploss of 19.20.......I am sure you will agree....