Zerodha....

[newbie12345]

Now.......THAT would be something........but you never know.......they've said that they're working on providing an international-quality platform so we've every reason to have high expectations

Metatrader with Nifty Fut alone would do. My GDFL subscription expired and they have a really mouthwatering offer for annual subscribers which ends today. I've been using Metatrader-4 from GCITrading. They have Nifty Futures current month charts which lag by about 5 points. Pretty good if you ask me once you get a hang of it, but the ticks for Nifty are rounded off so you can only get 5150-5151 etc... which is OK for something that is free.
I somehow don't feel like paying 14k or 23k more for Nifty Futures charts alone. I've stopped doing intraday for stock futures... usually hold on to my positions for a couple of days before getting rid of them and EOD charts are enough to base our entries/exits for that.
Agreed, TradeTiger or ODIN or IIFL has pretty OK charts but they are prone to disconnections/freezes, besides, study lines and others like fibonacci retracements etc have to be redrawn and it would be a needless drag on system resources.
If nothing works, I would be left with little choice but to renew my GDFL subscription.

 

[Newbie Day-Trader]

Dear Zerodha,

I have traded 20 lots of MININIFTY (20 times buy and 20 times sell) from 26-09-2011 to 07-10-2011. For this I was charged brokerage of 2687.42 . Which works out to 134.37 for each lot, which is more than ICICI which is charging 106.91.

0.01 % brokerage or 20 Rs brokerage aside , Are you people not supposed to be atleast lower than the highest paid brokerage in the industry

Regards

@msa, the number has to be what I have mentioned, if you can shoot an email to [email protected], with your client id, I can double check your ledger.... Cheers...

So what was the issue here? Some sort of a misunderstanding? Wrong ledger? Or what?

We are as eager to provide it too... ... Initial setup in India is always a time consuming affair, but we are hoping to have it very soon...

Can you give an idea about what the total transaction charges will be? (MCX-turnover-charges + clearing-charges)

 

[columbus]

Dear Zerodha,

I have traded 20 lots of MININIFTY (20 times buy and 20 times sell) from 26-09-2011 to 07-10-2011. For this I was charged brokerage of 2687.42 . Which works out to 134.37 for each lot, which is more than ICICI which is charging 106.91.

0.01 % brokerage or 20 Rs brokerage aside , Are you people not supposed to be atleast lower than the highest paid brokerage in the industry

Regards

Hi msa5678,

You traded 20 lots of MINI from 29/9 to 7/10 , that means 20+20=40.
Considering ONE lot per Trade, the brokerage works out to be 40*20=800.
But you have said 2687.42.I hope it was (Brokerage+Taxes).

 

[Zerodha]

hello i take so much time to write and missed again by every one my suggestion may be wrong but pls reply :lol:

Hey Mayank,

Sorry for missing this...

The idea is to simplify... Too many options confuses people... Today, you would have to agree the pricing structure with us is the simplest... 0.01% or Rs 20 whichever is lower... No limit cards, monthly commitments, upfront brokerages etc etc... But if you can come up with an idea, do share with us, we will definitely try to incorporate...

Cheers...

 

[comm4300]

Zerodha Team / Anyone:

there's difference between contract note and zerodha website online calculator.

as per website:

as per contract note:

kindly let me know if iam missing something here....

many thanks.

 

[STOCKSNANBAN]

zerodha team / anyone:

There's difference between contract note and zerodha website online calculator.

as per website:

as per contract note:

kindly let me know if iam missing something here....





Many thanks.

stamp charges should be deducted manually in zerodha website online calculator....

 

[timepass]

kindly let me know if iam missing something here....

many thanks.

The Contract Note has 2 extra charges : Sebi charges & Stamp charges.. Good of you to post this :thumb:

 

[Newbie Day-Trader]

hi msa5678,

you traded 20 lots of mini from 29/9 to 7/10 , that means 20+20=40.
Considering one lot per trade, the brokerage works out to be 40*20=800.
But you have said 2687.42.i hope it was (brokerage+taxes).

........

hi msa,

assuming nifty at 5000, 20 buys and 20 sells equals to generating a turnover of 40lks...

Previously for these 20 buys and 20 sells, you would have paid a brokerage of 400 + 400 that is rs 800... From now onwards with the new plan, you would pay 200 + 200= rs 400 ....

With icici assuming 0.05% brokerage, you would have paid for 40lks of turnover : Rs 2000...

Stt would be same with both of us, for 40lks around rs 350 for stt...transaction charge would be around 125 with them and around 220 with us...

Because you trade mininifty and because you probably do only 1 lot a day, stmp duty component with us would have been the difference...for 40lks because you have done the turnover on different days, you would have paid 400 as stamp duty(0.01% with max of rs 50 per day) and you would have probably paid 80 as stamp duty with them(rs 200 per crore)... But the stamp duty difference will be fixed very soon as we have been informed by the exchange......karnataka stampduty is a boon for higher volume traders, but can be a pain if you are doing only 1 lot a day of turnover...

But you definitely would be paying much lesser with us...

but that comes to - 800 + 220 + 400 + 150 (1420 * 10.30%) + 350 = 1920 Nowhere close to the figure posted of 2687.42 Am i missing something? Please clarify

]

 

[Punter786]

Dear Zerodha,

Have you made further progress on the BSE trading facility? By when can we expect to hear the khushkhabri of trading in BSE listed stocks?

And why this sudden spurt in complaint regarding your brokerage charges etc. Have you changed anything?

Thanks

 

[anand14may]

Hi Zerodha
Any update on MCX commodity trading. I waiting eagerly to hear the good news....please make it happen soon.