Zerodha....

[Zerodha]

Hi,

I am just wondering how the turnover charges are caculated. I traded 13 lots of nifty options today, and my turnover tax was 200 and brokerage was 160 (There was more than 1 lot traded at a time for some).

Can someone tell me if this is a standard charge across all brokers?

Thanks

Hi Mentalic, WIth Zerodha doesn't matter how many lots, what matters for brokerage is how many trades... looking at what you have posted, you would have doen 8 trades, 4 buys and probably 4 sells... Hence 160 Rs...

For the 13 lots buy n sell, brokerage can go from...260 to 2600 depending on where you trade( from Rs 10 per lot to Rs 100 per lot)....

Transaction charges varies between 5500/cr to 9000/cr of premium turnover... If you have paid 200 as turnover, you would have done 2.5lks of premium turnover... This can vary between (Rs 150 to 220) that you have done today....

Hope this helps...

 

[Trader J]

@Zerodha: I am not on your pay rolls...still thank me for this

@Trader j: you have so many questions to ask ? but till now you have not told the name of your broker...

How does it matter to anyone how many types of clients your broker has..and how many slabs it has..or is yours the only broker in India which has many types of clients

you appreciate and you are sorry that you could not tell the name of your broker...at the same type still this mystery remains...

your broker is a clearing member...GREAT...but does it have a name dear..:clapping:

and now coming to transaction charges I am sure you have done a great deal of research..agreed you are right on NSE circular...but why dont you go to Edelweiss and ask the same? u have discovered the secrets of this trading world ..that transaction charges are 190/crore...and once NSE comes to know that people are charging more than this ...CBI inquiry will be ordered...its a declared charge posted on the site of Zerodha....and there must be reasons for it...majority of brokers except a few charge in similar fashion ...why dont you post transaction charges by your own broker...Kotak charges 230 in futures plus service tax...

Regards...but one thing ...you write everything except the name of your broker which is a clearing member and has different types of clients....:annoyed:

Bhaiya Dabba to nahi khel rahe ho..leverage 2000 me 2 lots of Nifty

Dear @respectinvestor

I could not understand you language and calculation leverage 2000 me 2 lots of Nifty etc and may be you also not understand my language, so please just ignore my post (no reply) I will do the same , thanks (I will not reply any more)

 

[murthyavr]

Yes PRK,

ANother little good news.. We are applying to the BSE for membership this week... So hopefully very soon, you will have NSE and BSE on NOW...

Cheers...

Zerodha,

We appreciate all your initiatives taken in the interest of all your clients.

But..

Besides these things, think seriously about doing something on your charts front.
A good chart providing multiple time-frames, with few indicators would
save lot of costs to clients, who are compelled to go to some data vendor for
charts. A person trading NIFTY or MINIFTY need not have the setup of a
data vendor + some charting software, if the charts are provided by you.

What do you say?

 

[respectinvestor]

Dear @respectinvestor

I could not understand you language and calculation leverage 2000 me 2 lots of Nifty etc and may be you also not understand my language, so please just ignore my post (no reply) I will do the same , thanks (I will not reply any more)

@Trader J:

OK...ignored it ...but the question remains who is your broker...

 

[Trader J]

sir can u please name the broker who is providing you .002 % brokerage for fno and intraday i am paying .005 with brokerage commitment of 1 lacs at religare per year

If its some small time broker then he can charge you 20 rs crore also
but if he is some reputed broker and chargin you 200 rs per crore kindly let me know

@ my investment

I told before also that brokerage of Zerodha is lowest for new client , big trader and small trader (and specially Option Trader) etc, If I will tell you that my broker name is ABC, and initially they offer you brokerage 0.01 % (for new client) after 1 year they may reduce, so its mean you have to wait 2-3 years for good brokerage slab, so Zerodha is perfect.

My point is only Transaction Charges as below

Rs 8000 per crore in option instead of Rs 5000 per Crore
Rs 540 per Crore in Future instead of Rs 190 per Crore

 

[Trader J]

Hi J,

Now, you have gotten a very sweet deal for yourself.... All the brokers that you have mentioned are not clearing members, I know RKG charges 400/cr as transaction charges, BNP also as much... Bezel no idea.... THis can be charged by brokers in either one head or different heads.. Some brokers collect it as NSE charges and transaction charges... Some NSE and clearing and some call it turnover and take it as one....

But all said, that is a very sweet deal you have gotten from a broker for 1 lot at 5 bucks, but which one of the 3 is giving you that?? I know RKG or BNP won't give you that for these kind of volumes... If you mean geojit when you say BNP, I know they will cry about giving you even 0.01% even if you give them upto 5 cr a day of turnover...

Anyways, have a good trading week...

CHeers....

Dear Zerodha

Once again I would appreciate your brokerage plan (Rs 20 per Exec Order) specially its available for all traders, it is best in India as I know, Specially for Option Trading only Rs 30 Per lac Extra Charges.

Few questions raise in my mind What is clearing ? How much you paid per day ? If you have turnover of 300 Crore buy ((300 Crore Sale ) per day in future segment , your total transaction charge would be Rs 324,000 out of this Rs 210,000 will go to clearing member, its mean clearing member earning more than NSE ( Rs 114,000) ??
Please let we know .. Thanks

 

[Newbie Day-Trader]

@New Born Day Trader:

I appreciate dear...and this is a one liner:Come to the same place a year after trading and you will understand every bit of what I wrote..:clap:

Appreciate your enthusiasm...:clapping:

Minimum time frame required for you to get into your head whatever I wrote: 1 year...and till that time I can bear with you..but why you get so excited on being called a freebie

You are correct...but why Demi God...Full God..:clapping:

What a pathetic attempt at having the "last laugh" after all of your stupid arguments have been exposed :rofl:

Why 1 year? Will I post stupid posts & personally attack everyone aftar that.....like you've been doing? :rofl: NO, I don't think so.....well.... I see many traders here who've been in the markets for years & they don't seem to be posting stupid arguments & being arrogant & personally attacking everyone like you've been doing so keep your "wise-guy" talk to yourself.

Why don't you worry about YOURSELF instead? You've made stupid comments like brokerage doesn't matter, whether its 1 paisa, 2 paisa or 5 paisa.....well guess what it makes a HUGE diffence in the day-traders' psychology & how they trade even with small differences in costs; market (well.... life in general in a broader sense) is mostly about probabilities & even a paisa or two of lower brokerage can be difference between a winning-trade & a losing-trade (higher brokerage means higher Service Tax too), & the fact that you don't even understand such a basic thing about trading even though you're (supposedly) an "experienced-trader" shows how LITTLE you know about trading so keep your "gyan" & "wise-guy" attitude to yourself. If you think lower brokerage & break-evens don't matter then try paying 99.99% brokerage on your trades & then see how much you earn (ahem......lose)

And your comment about ICICI being cheaper than Zerodha......:rofl:....well.....the least said about it the better.....:rofl:

And you think you're "Full God of Trading"! Well, that confirms the fact that you're completely deluded & conceited :rofl:

Ok, that does it for me, I don't think there's any point in me wasting any more of my time on you, you've been exposed enough for your brain-dead posts. Have a nice time worshipping your conceited self :rofl:

 

[respectinvestor]

@New Born trader:

Liked your post...Njoyed it thoroughly...:clap:

writing words like stupid, fool and some other adjectives won't serve your purpose...I am here to help newbies as well as some freebies..

My all arguments are based on logic...Zerodha understood it but you have not:annoyed:

I like your spirited reply....:clapping:

Keep on posting dear...I can always have a hearty laugh wnenever I see your posts...so keep them coming..:clap:

Regards and Happy Trading...

 

[msa5678]

Msa,

I feel Login Password is compulsory but not transaction.

Hi Columbus,

Changing of Transaction Password can be made compulsory. It is OK. But Login password can remain same. Because even if Login Password is compromised, No transactions can be done with Login Password Alone.

Regards

 

[trader.trends]

Guys, passwords are very easy to crack in today's world. Any one with a little intelligence can find out various password cracking programs that are available all over the net.

Here we are talking about your money. Anyone who can crack into your account can cause you immense financial loss. It is not only imperative that you change your passwords frequently but also important that you make your passwords as safe as possible. There would be no point in crying after someone hacks in your account. Take a little trouble of changing the passwords frequently and be safer in protecting your finances than grumble about the small job.

Here are some suggestions for safer password system

1. Do not use your names or names of family members
2. Do not use your DOB/Car number which others know
3. Do not use dictionary words. Always warp a word example: if you want to use "Silence" make it "Silense" or some such deviation
4. Make passwords as long as possible
5. Mix upper and lower cases
6. Mix numbers and special characters (!@#$%^&*()_) in your passwords

Indiabulls has a wonderful system of security token that needs to be punched in for logging in and transactions every hour or so. It ensures that no one else can access your account.

At Zerodha, passwords are the only means of keeping ourselves safe. Do change it frequently and be thankful that the system forces you to change it frequently. It is an insurance.

There is very little gratitude in the world for being protected from an event that did not happen.