Zerodha....
- Thread starter bharath.mang
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- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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Hi Anurag,
The people who are giving you dummy accounts can do it because they are running CFD's.... When you buy and sell on CFD's, you are really not buying or selling anything in an underlying exchange.... If you are trading currencies provided by fxcm, you are basically just playing his spreads and your orders are all executed with fxcm itself and not in any underlying exchange....
Any advise, would be to stay away from all CFD products as I know how they work and they are like the biggest WMD's available in the financial markets... WMD: Weapons of mass destruction...
...
The people who are giving you dummy accounts can do it because they are running CFD's.... When you buy and sell on CFD's, you are really not buying or selling anything in an underlying exchange.... If you are trading currencies provided by fxcm, you are basically just playing his spreads and your orders are all executed with fxcm itself and not in any underlying exchange....
Any advise, would be to stay away from all CFD products as I know how they work and they are like the biggest WMD's available in the financial markets... WMD: Weapons of mass destruction...
...
Though its always nice to trade using the dummy money & demo account. it gives u a real trading feel. brokers in india are way to behind, when compared to the international brokers. but i think we will improve over a period of time. what zerodha doing so far is satisfactory. i've never seen a broker having an account on the internet forums & answering queries of customers. this may not a great deal for regular online business, but for Indian brokers, its exceptional.
Question: Any plan for live data feed from zerodha side?
hi,
what is this DP charges of Rs 15 per scrip??
Usually the brokers who charge AMC don't charge DP charges.
But Zerodha charging AMC as well as DP charges
My present broker iifl is not charging either viz AMC and DP charges.
Also can i only open trading account with zerodha and keeping my demat account with IIFL ??
If so wat is the process and will the share automatically go into demat account of IIFL??
what is this DP charges of Rs 15 per scrip??
Usually the brokers who charge AMC don't charge DP charges.
But Zerodha charging AMC as well as DP charges
My present broker iifl is not charging either viz AMC and DP charges.
Also can i only open trading account with zerodha and keeping my demat account with IIFL ??
If so wat is the process and will the share automatically go into demat account of IIFL??
Couldn't agree with you more.The real problem in our country is the exchanges iteself.Add to that the lame duck called SEBI.They are least cared about providing best of the facilities to traders.We had exchanges even before all the asian countries and also commodity trading even before the west started.But look at how primitive and disdainful are the trading facilities.No charting facilities or chart trading or demo accounts.If only sebi is thoughtful will the exchanges provide option for this and brokers will toe the line.But our regulator is more concerned about killing the competition( read mcx application for stock trading) and artificially keeping the trader ill equiped.
Yes things have to improve, that's only because of CME kicking nse's a&& to let S&P 500 futures on nse boursers.Until MCX-SX starts on stocks there won't be any real competition to nse, so they would only move from being primitive to medieval
Yes things have to improve, that's only because of CME kicking nse's a&& to let S&P 500 futures on nse boursers.Until MCX-SX starts on stocks there won't be any real competition to nse, so they would only move from being primitive to medieval
what can i say bruv, u spoke like prodigy.
the tragedy with all the financial/market transactions/operations is: the end user (trader/investor) like u & me knows very little.
even if they know lots of things, they can't do much about it. coz the whole system is lame duck (in ur own words)
& u mentioned the point about chart trading correctly......i myself have tested & used many trading software by indian brokers. but none of them have easy to use charting software. i simply don't get, how our traders trade w/o seeing charts. this is something impossible. at least i am not that expert to trade w/o charts
i think Indian brokers should call MetaTrader & start centering service to its customers using MT. MT is some piece of software.
MT= Data feed + charting + trading system development platform.
what else one can expect.
the tragedy with all the financial/market transactions/operations is: the end user (trader/investor) like u & me knows very little.
even if they know lots of things, they can't do much about it. coz the whole system is lame duck (in ur own words)
& u mentioned the point about chart trading correctly......i myself have tested & used many trading software by indian brokers. but none of them have easy to use charting software. i simply don't get, how our traders trade w/o seeing charts. this is something impossible. at least i am not that expert to trade w/o charts
i think Indian brokers should call MetaTrader & start centering service to its customers using MT. MT is some piece of software.
MT= Data feed + charting + trading system development platform.
what else one can expect.
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You have to pay a DP charge of Rs. 15 to sell shares in your demat account and this charge goes to IL&FS. This is a flat fee.
Yes, you can open only a Trading account with Zerodha and maintain your DP anywhere else. However, you cannot sell these shares through Zerodha.
Your DP account works pretty much like your bank account: Anyone can put money in your account, but only you can withdraw funds. So Zerodha can put shares in your existing DP, but only the trading account connected to your DP can sell them.
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