Zerodha....

[reks]

krishna324;585336]ahhhh...really...am i working with ZERODHA?

I dont know you should know better

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.

Sorry I cannot help you on this. I can only request Zerotha to offer you.

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)

At least you agree with something. Everyone has some issues while opening a/c with Zerodha. Some takes little time as like your other takes as long as many months.

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).

This is called just customer care help. Please keep in mind, every new broker has to provide good service in beginning. Zerodha just crossed one year. I have many friends that complaint about it even now.

Do you still need a customer care help after experienced 6 brokers accounts already?

You should be an expert by now. Anyway that is not an issue. I simply asked whether you agreed with the points that I raised.

Did I do wrong raising the points here to know everyone? If so then I am really sorry.

We all know that none of broker can satisfy 100% to customer. I am making healthy discussion only.

I neither against nor in favor of any brokers.

All brokers are relatively similar.

However, here we discuss about Zerodha and Zerotha should work on the issues that we people face.

They should not be telling us in Chinese restaurant demanding biryani. However, we know in our country how things can get done at the end of the day.

This is the platform when we do open discussion rather just I send them personal mail and do the negotiation with them (most of the time Zerodha asks this).

So our new fellow people would not be aware about the other side of the coin).

One more issue. Many people that I know. They do not have availability of webcam verification by some reason.

And they just drop idea to open account with Zerodha.

Hence, I asked Zerodha if there is any alternative for this?

I dont think webcam verification is the 100% accurate even. It can be avoided too.

For your kind information when there is financial issues such type of verification are unauthentic and no where in the world is used.

 

[krishna324]

I dont know you should know better

Sorry I cannot help you on this. I can only request Zerotha to offer you.

At least you agree with something. Everyone has some issues while opening a/c with Zerodha. Some takes little time as like your other takes as long as many months.

This is called just customer care help. Please keep in mind, every new broker has to provide good service in beginning. Zerodha just crossed one year. I have many friends that complaint about it even now.

Do you still need a customer care help after experienced 6 brokers’ accounts already?

You should be an expert by now. Anyway that is not an issue. I simply asked whether you agreed with the points that I raised.

Did I do wrong raising the points here to know everyone? If so then I am really sorry.

We all know that none of broker can satisfy 100% to customer. I am making healthy discussion only.

I neither against nor in favor of any brokers.

All brokers are relatively similar.

However, here we discuss about Zerodha and Zerotha should work on the issues that we people face.

They should not be telling us “ in Chinese restaurant demanding biryani”. However, we know in our country how things can get done at the end of the day.

This is the platform when we do open discussion rather just I send them personal mail and do the negotiation with them (most of the time Zerodha asks this).

So our new fellow people would not be aware about the other side of the coin).

One more issue. Many people that I know. They do not have availability of webcam verification by some reason.

And they just drop idea to open account with Zerodha.

Hence, I asked Zerodha if there is any alternative for this?

I don’t think webcam verification is the 100% accurate even. It can be avoided too.

For your kind information when there is financial issues such type of verification are unauthentic and no where in the world is used.

Arre yaar Reks, how can i make you understand..

not 6, even if you have 100 accounts , you need customer care to get help on some things like password reset....

enough talking, lets concentrate on trading....

Thanks.

 

[Zerodha]

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

Hi Akash,

Really sorry about missing this, I assumed Hari was in touch with you on this... I had to rush to Singapore the last time around since I had this fii prospect wishing to trade with us...

1. Stocks as collateral is not something we have put a process on. We are doing it on an individual basis. In your case, we can definitely work this out. Firstly, when you give stocks as margin, especially with the new sebi circular, 50% for the future margin can come from stocks and the other 50% has to come in cash.

So if you have 20lks in stocks and with a haircut of 30%, 14lks can be used for future positions. But here what needs to be ensured is, 50% of the future position has to come in cash... So for eg, if you want to take 10lks margin worth reliance future position, 5lks can be used from the 14lks and the other 5lks has to come in as cash...

2. ILFS margin funding account won't make sense...

3. @Akash, we can set this up for you as long as the position is completely hedged and we stick to the rule of 50% cash and 50% security for your future position...

Can you send an email to india@zerodha with attn sachin on the subject.. Will call you back... Trying to get hold of your mobile, not able to...

Looking forward to have you on board...

 

[reks]

Arre yaar Reks, how can i make you understand..

not 6, even if you have 100 accounts , you need customer care to get help on some things like password reset....

enough talking, lets concentrate on trading....

Thanks.

Sure. I can understand. No worries.

Please dont keep forgetting your passwords frequently. Sometime you might miss the opportunity by engaged with customer care.

By the way,I rarely take help of customer care.

I still expect Zerodha to debate on issues that i mentioned instead of asking to send them personal mail and negotiate.

 

[shekharinvest]

Providing facility for trading a/c with limited facilities is not a big deal.

I believe most of us are here for a limited facility to trade only at much reduced cost, or I may say at a negligible cost from a small traders prospective specially with respect to options.

I am still keeping my earlier broker happy by buying MF's and delivery stocks in his account :clap:

SHEKHAR

 

[Zerodha]

Sure. I can understand. No worries.

Please dont keep forgetting your passwords frequently. Sometime you might miss the opportunity by engaged with customer care.

By the way,I rarely take help of customer care.

I still expect Zerodha to debate on issues that i mentioned instead of asking to send them personal mail and negotiate.

Brother!!! Debate about what issues??

Why we don't offer IPO and Mutual funds?? The reason is because we are focussing on NSE equity and f&o traders... We don't tell someone who is trading mf's that we offer and then not offer them...

Currency is starting monday and commodity should be up in october... Why commodity is not up till now??? we are just a year old and we didn't want to start off doing too many things at one time.... We are not telling anyone that I am offering commodity, open their accounts and then not offer... I don't even know what your issue is on this... Most of the people I am interacting with on this forum are discussing about their equity and f&o trades and how I can help them as a Zerodha representative, that's about it....

In person verification !!! It is mandatory for a demat account... Other brokers may not do it... We stick by the rules of NSE and SEBI!!! You have a problem that we stick by rules!!! hmmm.. your call!!! If we are not present in a particular city, the only way is using a webcam.....Any other way of doing IPV without a webcam today?? I don't know of any, you can enlighten us if you have any....

Account opening for trading, we take 1 day if all documents is in place from when we receive it... If the documents are not available or there is a signature missing, hopefully you will understand that we can't open the account...

Demat is opened by ILFS, they will take 3 days if you can have the In person verification done, if not it will be done only once the IPV is done...As I already mentioned, no getting around this today... If SEBI, RBI come with a rule that KYC done for bank is good enough for demat account, then we can get away from this process...

And your comments like ILFS doesn't believe Zerodha, etc are all childish comments and so I don't even want to discuss..

Anyways, I am done explaining to your queries, if you have anything else other than these issues, go ahead and put it up, otherwise let us not waste each others time in this unwarranted debate...

Cheers...

 

[touchraj16]

History repeats itself !!! "Janlokpal ko counter attack karane Aruna Roy ka lokpal aaya. Mam aapne movement pahale kyon nahi shuru kiya?" Reck bhai, go and start ur own "anti Zerodha" thread & enjoy urself. Aapse to kisi fayde ki ummeed hame najar nahi aati. Aur aap ho koun bhai? who u r? Just stop it now.

touchraj

 

[jassinko]

in this heated discussion, i want to ask one thing (dont know whether its a rt place????)
anyways....i just wanna know if i trade (buy and sell) one lot of Nifty.... what will be the break-even in zerodha.....

i know brokerage Rs. 40 but want to know other taxes, duties, etc.....overall

and what will happen if i trade 5 lots simultaneously.....any experienced or zerodha can answer

Thanks in Advance


Jassi

 

[sumosanammain]

in this heated discussion, i want to ask one thing (dont know whether its a rt place????)
anyways....i just wanna know if i trade (buy and sell) one lot of Nifty.... what will be the break-even in zerodha.....

i know brokerage Rs. 40 but want to know other taxes, duties, etc.....overall

and what will happen if i trade 5 lots simultaneously.....any experienced or zerodha can answer

Thanks in Advance


Jassi

Dear friend, it depends on what brokerage your current broker is providing you. If you have 2 paise per leg at your current broker, it will be profitable for you to shift to zerodha for even one lot of 50 qty.

If you have 1 paise per leg bkg at your current broker, you need to have a volume of minimum 100 qty, means 2 lots of nifty buy and sell, for it to be economical from your current broker.


In short, if you trdae 5 lots, meaning 250 nifty, it will cost around 1.76 odd per nifty.

Breakup
Bkg 40
Service tax on bkg 5 approx
STT 213... considering Nifty at 5000.
Stamp dauty flat 50
Trnxn chgs 132

Total 440. Add another 10 odd for some small charges I may have missed.

450 rs for 250 nifty ( 5 lots ) buy and sell included.

Zerodha, correct me if I am wrong somewhere.

I would like to add...... If people are trading only 1 lot of mini nifty. their bkg comes to about 4.75 per nifty.

 

[jassinko]

In short, if you trdae 5 lots, meaning 250 nifty, it will cost around 1.76 odd per nifty.

Thanks sumo

That means if we buy Nifty 2 lots at 5000, we have to sell atleast at 5002 for break-even.......

cant it be reduced further..... how people do scalping then.......