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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I am not complaining. For new people , it's good to know both sides of the coin.
Its good to have a discussion here only for at least new persons who dont have any experience of such brokers. I dont think its good idea to send you person mail that you provided.
Providing facility for trading a/c with limited facilities is not a big deal.
You should agree the points that I raised.
It's always good that everyone should know before they make their decision.
I even know that ILFS (demat a/c) does not coordinate and believe Zerodha.
New customers always face problem for opening their demat a/c. And they get frustrated.
I know many in person.
Zerodha thinks webcam is the way to verify person? Really???
That's is only the way of verification ?
New customers are told that you will not get your account opened if you dont come on webcam? Very very funny.
Wow. All banks and govt offices should learn from Zerodha for verification purpose. Don't you think its funny?
You are assuring 5 days of opening demat a/c I still know many people they even did not get the demat a/c for more than two months. To my surprise they have trading a/c but not demat a/c?
Here I ask . Trading a/c does not need any verification and demat a/c only needs verification? Thats really frustating thing for new customers face too.
They are like trapped.
You should understand, no bank will open a bank a/c if person is fake. You should understand that. and there are lots of other ways to verify. Not only webcam.
Krishna324@ I did not say I am going to open a/c with Zerodha.
I am not sure you are working with Zerodha too.
But It's always good to know both sides of the coin. So that new people dont just follow blindly to any of the brokers.
You dont agree with the point that I mentioned? Then definitely I don't have to say anything.
Its good to have a discussion here only for at least new persons who dont have any experience of such brokers. I dont think its good idea to send you person mail that you provided.
Providing facility for trading a/c with limited facilities is not a big deal.
You should agree the points that I raised.
It's always good that everyone should know before they make their decision.
I even know that ILFS (demat a/c) does not coordinate and believe Zerodha.
New customers always face problem for opening their demat a/c. And they get frustrated.
I know many in person.
Zerodha thinks webcam is the way to verify person? Really???
That's is only the way of verification ?
New customers are told that you will not get your account opened if you dont come on webcam? Very very funny.
Wow. All banks and govt offices should learn from Zerodha for verification purpose. Don't you think its funny?
You are assuring 5 days of opening demat a/c I still know many people they even did not get the demat a/c for more than two months. To my surprise they have trading a/c but not demat a/c?
Here I ask . Trading a/c does not need any verification and demat a/c only needs verification? Thats really frustating thing for new customers face too.
They are like trapped.
You should understand, no bank will open a bank a/c if person is fake. You should understand that. and there are lots of other ways to verify. Not only webcam.
Krishna324@ I did not say I am going to open a/c with Zerodha.
I am not sure you are working with Zerodha too.
But It's always good to know both sides of the coin. So that new people dont just follow blindly to any of the brokers.
You dont agree with the point that I mentioned? Then definitely I don't have to say anything.
Dear reks, you tauntrums about verification holds no ground as I myself have been through webcam verification and it's not just sit in front of cam like a girlfriend and chitchat on messanger about asl and weather. It's a virtual verification which is as good as real one. Why don't you open a/c and take a verification yourself before pointing fingers. As for funny remarks about zerodha opens trading account but no demat, I mean you are on traderji where people who are experts in trading land up and a sane person in trading or investing do know demat is 1st important thing necessary for stock market. That's why those who are novice still call "opening a demat a/c" and not opening a trading account. And as for trading account that do not have ILFS demat it is linked with your already existing demat. I brought up reminder of IPO and Mutual Fund for which you claim not having is "limited facilities" so let me let you know I've a fundsindia a/c and it's totally free whereas buying mutual funds from zerodha will cost brokerages and demat charges. As for IPO even those who don't trade know what ASBA is when paper forms have become out dated. I apply via ASBA from my SBI a/c and get shares directly in ILFS so no issue here too. So you may ask why I brought this issue if I've options? The simple reason is maintaining funds at one place i.e. with zerodha or daily putting withdrawl orders, doing NEFT and paying rs 5 as I'm using SBI bank. If I'll get 1 platform for all needs and even if it is chargable I'm ready to pay. You can make as much noise you want but we all zerodha members are satisfied and have no complaints.
ahhhh...really...am i working with ZERODHA?
it will be a pleasure to work with winning team...but no chances for me as of now as i am in good position at my ITES career.
I have 5 different brokerage accounts and i saw the all angles 'NOT ONLY TWO SIDES'....and i am sure ZERODHA is very nice...Its not me..you guys are not seeing at what ZERODHA is good..My account got opened in just as specified time..( i made a mistake at signature so, i am not counting on that delay..its my mistake)
i can give you one example..yesterday night i called up ZERODHA at 09:58 PM,
and i was greeted with help...(i can show you my call log if you want).
I never faced this kind of treatment.. Thanks ZERODHA..
You should encourage winning team...
Thanks.
it will be a pleasure to work with winning team...but no chances for me as of now as i am in good position at my ITES career.
I have 5 different brokerage accounts and i saw the all angles 'NOT ONLY TWO SIDES'....and i am sure ZERODHA is very nice...Its not me..you guys are not seeing at what ZERODHA is good..My account got opened in just as specified time..( i made a mistake at signature so, i am not counting on that delay..its my mistake)
i can give you one example..yesterday night i called up ZERODHA at 09:58 PM,
and i was greeted with help...(i can show you my call log if you want).
I never faced this kind of treatment.. Thanks ZERODHA..
You should encourage winning team...
Thanks.
@everyone, thanks for the kind words, really appreciate it!!!
@sumo,
...this guy might think you guys are all working for Zerodha, reading his post.....
@reks, brother!! you are like one of those boys who goes to a chinese restaurant and cries about them not selling mutton biryani... You don't end it at that, but go online on a forum and cry how bad the chinese restaurant is because they don't sell mutton biryani...
Today, most of us Indians are not used to dealing with a business that is open about every policy of theirs... We don't mind if a well established broker claims a success rate of 90% of his calls by goofing around with the reports whereas actually it is lesser than 50%... If I come and tell you that we will give you calls that will be successful 70% of the times, I will have people like reks jumping on me...
NSDL is very strict about in person verification, especially after the IPO scam. So DP's today, have to mandatorily do an in person verification... Our model is online and it is basic common sense that if it is an online model, I can't send a person out to meet every client in every part of the country... The only way out is, IPV on webcam... Do we not inform it to our clients??? Our instruction very clearly carries a note saying IPV would be done on webcam...
Why has Zerodha tied up with ILFS for DP??? That is our business policy!!! We didn't want to take a risk of margin funding and etc, which carries the biggest risk for a broker when trading the stock markets!!! ILFS is the biggest DP in the country and the only company which has no broking license and hence has no vested interest.... Also, as a business 99% of our turnover comes in f&o which doesn't require a demat account... Hence we decided to tie up...
ILFS doesn't believe Zerodha??? :rofl: what is wrong with u dude??? I don't even want to comment at anything as vague as this...ILFS has a special deal for us , amc of Rs 400 whereas it is 600 if you go to them directly... Even if you open the demat through HSBC, you have to pay 600 as an amc... Even very small names like HSBC and Deutsche Bank have similar deals with ILFS for demat accounts......
KYC done by bank is not good enough for demat account... If you keep up with the news papers, you will know that SEBI, RBI and other regulators are pushing for a single KYC for account opening... Once that rule comes through, then it is possible to use your bank KYC for opening a Demat or trading account... You find this funny??? :rofl:
Also, what are the other ways to verify, if I am sitting in Bangalore and you are in Srinagar??? very curious to know!!!
There is a way to let us know if there are any drawbacks to us or to the general public... If you want us to fix any issue, send us an email and we will try our best to have it fixed. If you want other people to know about it, put it down in proper words...
We are a chinese restaurant that doesn't sell mutton biryani and every client who opens an account with us knows about it, coz we don't hide anything...
I have put enough effort to answer every query on this forum, I don't think we have to create fake profiles to do anything else...
Have a good trading day!!!
Cheers!!
Sachin
@sumo,
...this guy might think you guys are all working for Zerodha, reading his post.....@reks, brother!! you are like one of those boys who goes to a chinese restaurant and cries about them not selling mutton biryani... You don't end it at that, but go online on a forum and cry how bad the chinese restaurant is because they don't sell mutton biryani...
Today, most of us Indians are not used to dealing with a business that is open about every policy of theirs... We don't mind if a well established broker claims a success rate of 90% of his calls by goofing around with the reports whereas actually it is lesser than 50%... If I come and tell you that we will give you calls that will be successful 70% of the times, I will have people like reks jumping on me...
NSDL is very strict about in person verification, especially after the IPO scam. So DP's today, have to mandatorily do an in person verification... Our model is online and it is basic common sense that if it is an online model, I can't send a person out to meet every client in every part of the country... The only way out is, IPV on webcam... Do we not inform it to our clients??? Our instruction very clearly carries a note saying IPV would be done on webcam...
Why has Zerodha tied up with ILFS for DP??? That is our business policy!!! We didn't want to take a risk of margin funding and etc, which carries the biggest risk for a broker when trading the stock markets!!! ILFS is the biggest DP in the country and the only company which has no broking license and hence has no vested interest.... Also, as a business 99% of our turnover comes in f&o which doesn't require a demat account... Hence we decided to tie up...
ILFS doesn't believe Zerodha??? :rofl: what is wrong with u dude??? I don't even want to comment at anything as vague as this...ILFS has a special deal for us , amc of Rs 400 whereas it is 600 if you go to them directly... Even if you open the demat through HSBC, you have to pay 600 as an amc... Even very small names like HSBC and Deutsche Bank have similar deals with ILFS for demat accounts...
...KYC done by bank is not good enough for demat account... If you keep up with the news papers, you will know that SEBI, RBI and other regulators are pushing for a single KYC for account opening... Once that rule comes through, then it is possible to use your bank KYC for opening a Demat or trading account... You find this funny??? :rofl:
Also, what are the other ways to verify, if I am sitting in Bangalore and you are in Srinagar??? very curious to know!!!
There is a way to let us know if there are any drawbacks to us or to the general public... If you want us to fix any issue, send us an email and we will try our best to have it fixed. If you want other people to know about it, put it down in proper words...
We are a chinese restaurant that doesn't sell mutton biryani and every client who opens an account with us knows about it, coz we don't hide anything...
I have put enough effort to answer every query on this forum, I don't think we have to create fake profiles to do anything else...
Have a good trading day!!!
Cheers!!
Sachin
Hi sachin
I wud be very thank full even if you take half of the time answering my questions as u spent for rex ( though i was not able to understand his question sorry my bad ) i could not get you on the phone though i got other people so i thought best to ask you here only as you are availeble here all the time , so made my profitle which i should have made long ago
1.) when i first spoke to you u told me i can sell stock futures against the stocks i am holding as they ll be the same stocks for which i will sell the future , but one the forum i have seen you writing no margin overnight aginst stocks so how will i work with you
2.I think if i have 20 lacs of stocks even after haircut to the extreme say 30 % i get margin of 14 lacs or worst 12 lacs to sell futures ( which i get at every broker) will i get something like that cause other wise paying margin i will have to put much more money for futures margins than i would save in brokerage
3. I spoke to IL&FS people as they called me they told me if i take 2.8 times margin then we cannot sell any futures against that so there is no hedging = no work for me so that option is out
4. can u maually set up how much margin is to be given to clients so that hedged positions do not get squared up accidentally
Looking forward to working with ZERODHA thank you
AKASH
Also when i called up to talk to u i spoke to HARI who tole me not to worry if i have positions with you people they will not be squared up if i work like that but it would be better if you calrify cause that was 1-2 months back
I wud be very thank full even if you take half of the time answering my questions as u spent for rex ( though i was not able to understand his question sorry my bad ) i could not get you on the phone though i got other people so i thought best to ask you here only as you are availeble here all the time , so made my profitle which i should have made long ago
1.) when i first spoke to you u told me i can sell stock futures against the stocks i am holding as they ll be the same stocks for which i will sell the future , but one the forum i have seen you writing no margin overnight aginst stocks so how will i work with you
2.I think if i have 20 lacs of stocks even after haircut to the extreme say 30 % i get margin of 14 lacs or worst 12 lacs to sell futures ( which i get at every broker) will i get something like that cause other wise paying margin i will have to put much more money for futures margins than i would save in brokerage
3. I spoke to IL&FS people as they called me they told me if i take 2.8 times margin then we cannot sell any futures against that so there is no hedging = no work for me so that option is out
4. can u maually set up how much margin is to be given to clients so that hedged positions do not get squared up accidentally
Looking forward to working with ZERODHA thank you
AKASH
Also when i called up to talk to u i spoke to HARI who tole me not to worry if i have positions with you people they will not be squared up if i work like that but it would be better if you calrify cause that was 1-2 months back
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