Zerodha....
- Thread starter bharath.mang
- Start date
- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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So exactly thats my question: If not mandated by NSE: Then why such large difference in Transaction charges for options and futures.
From this it seems your business model is based not on brokerage,but on transaction fees. In simple terms:
- - Offer lowest brokerage
-- Attract traders who would like low single brokerage with N lots
-- End result:
Not that I've anything against Zerodha: I'm not a broker or affiliated with any broker: Just a medium trader. And still even with this high transaction charges, overall option trading is still profitable with zerodha. Even i plan to migrate to zerodha soon.
But its question of honesty and integrity which obviously being broker cannot
be expected that you would have divulged on own. How you guys disguise charges and then defend that
any businessman would do so, every one is in game to earn money and not charity The post of hidden charges seemed incorrect and i played around with your brokerage sheet and ended up finding the real meaning of "hidden charges".
Anyways cheers since you still win for medium-large trader and good support till date which we have been seeing here on forum.
So exactly thats my question: If not mandated by NSE: Then why such large difference in Transaction charges for options and futures.
From this it seems your business model is based not on brokerage,but on transaction fees. In simple terms:
- - Offer lowest brokerage
-- Attract traders who would like low single brokerage with N lots
-- End result:
Not that I've anything against Zerodha: I'm not a broker or affiliated with any broker: Just a medium trader. And still even with this high transaction charges, overall option trading is still profitable with zerodha. Even i plan to migrate to zerodha soon.
But its question of honesty and integrity which obviously being broker cannot
be expected that you would have divulged on own. How you guys disguise charges and then defend that any businessman would do so, every one is in game to earn money and not charity
The post of hidden charges seemed incorrect and i played around with your brokerage sheet and ended up finding the real meaning of "hidden charges".
Anyways cheers since you still win for medium-large trader and good support till date which we have been seeing here on forum.
From this it seems your business model is based not on brokerage,but on transaction fees. In simple terms:
- - Offer lowest brokerage
-- Attract traders who would like low single brokerage with N lots
-- End result:
Not that I've anything against Zerodha: I'm not a broker or affiliated with any broker: Just a medium trader. And still even with this high transaction charges, overall option trading is still profitable with zerodha. Even i plan to migrate to zerodha soon.
But its question of honesty and integrity which obviously being broker cannot
be expected that you would have divulged on own. How you guys disguise charges and then defend that
any businessman would do so, every one is in game to earn money and not charity The post of hidden charges seemed incorrect and i played around with your brokerage sheet and ended up finding the real meaning of "hidden charges".
Anyways cheers since you still win for medium-large trader and good support till date which we have been seeing here on forum.
The answer to this question i.e. high STT and/or stamp duty was given several times by Zerodha. Sachin, I don't know why you like to carry on answering to
all these similar questions several times in this thread! Please, plz, plz... make an FAQ and attach it to the first post of this thread. This thread has become
unnecessarily lengthy and very difficult to follow.
The answer to this question i.e. high STT and/or stamp duty was given several times by Zerodha. Sachin, I don't know why you like to carry on answering to
all these similar questions several times in this thread! Please, plz, plz... make an FAQ and attach it to the first post of this thread. This thread has become
unnecessarily lengthy and very difficult to follow.
all these similar questions several times in this thread! Please, plz, plz... make an FAQ and attach it to the first post of this thread. This thread has become
unnecessarily lengthy and very difficult to follow.
And would like to hear from Zerodha team on this question.
So exactly thats my question: If not mandated by NSE: Then why such large difference in Transaction charges for options and futures.
From this it seems your business model is based not on brokerage,but on transaction fees. In simple terms:
- - Offer lowest brokerage
-- Attract traders who would like low single brokerage with N lots
-- End result:
Not that I've anything against Zerodha: I'm not a broker or affiliated with any broker: Just a medium trader. And still even with this high transaction charges, overall option trading is still profitable with zerodha. Even i plan to migrate to zerodha soon.
But its question of honesty and integrity which obviously being broker cannot
be expected that you would have divulged on own. How you guys disguise charges and then defend that any businessman would do so, every one is in game to earn money and not charity
The post of hidden charges seemed incorrect and i played around with your brokerage sheet and ended up finding the real meaning of "hidden charges".
Anyways cheers since you still win for medium-large trader and good support till date which we have been seeing here on forum.
From this it seems your business model is based not on brokerage,but on transaction fees. In simple terms:
- - Offer lowest brokerage
-- Attract traders who would like low single brokerage with N lots
-- End result:
Not that I've anything against Zerodha: I'm not a broker or affiliated with any broker: Just a medium trader. And still even with this high transaction charges, overall option trading is still profitable with zerodha. Even i plan to migrate to zerodha soon.
But its question of honesty and integrity which obviously being broker cannot
be expected that you would have divulged on own. How you guys disguise charges and then defend that
any businessman would do so, every one is in game to earn money and not charity The post of hidden charges seemed incorrect and i played around with your brokerage sheet and ended up finding the real meaning of "hidden charges".
Anyways cheers since you still win for medium-large trader and good support till date which we have been seeing here on forum.
I hadn't gotten to know of your question, when you said mandated,
you can't compare transaction charges between futures and options, NSE charges around 200 per crore for futures and 5500 per crore on premium for options at the lowest end ... Over this there is clearing charges which varies for brokers from around Rs 350 to Rs 100 for futures and Rs 4000 to Rs 1000 per crore on options turnover....
Every person who opens an account, the person on the other side of the phone will definitely send you the brokerage calculator, the reason behind it is because we wan't our clients and prospects to know what is the exact charges... I am telling you about these charges on an open forum and to every client, all I was trying to say was that it is not a hidden charge...
I was sitting with my old broker(before joining Zerodha)
and I asked them their most asked query... These guys are trying to sell very hard with Kareena Kapoor in their ad and all... ... Transaction charges with these guys is atleast 15% more than with us... When I told them that the most asked query with us is why transaction charges is higher, these guys were surprised, they said they have never received a query like that... Here is why, When you look at a contract note and see brokerage paid: Rs 1500 and transaction charge Rs 300, people don't really think about the transaction charges, but with us when you see brokerage as Rs 100 and transaction charge as Rs 250, everyone is ready to jump on our ass...
... Looking forward to have you on board...
Cheers...
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