Thanks Zerodha,
Idea of brokerage per lot becomes old. New revolution in stock broking industries. Now many of brokers thinking and going on the way of zerodha, lets hope competition will grow, and trader benefitted.
YES if brokers will not go ZERODHA way then they will probabaly go away .A lot of trading in the markets is done by very few thousand big traders and they will prefer to join ZERODHA as OR any one else who will BE ready to match the big brokers there are certain things which are still mising with zerodha
Take my case I do turnover of aroung 100 cr Per month right now with Religare on plan of .005 and .05 Zerodha needs to just do these 3 things
1) provide Good charting facility to there Clients though i do not require charting but most of you might be
2) provide margins against stocks which is very important but they fail to usnderstand some time you have cash margin in the account which for overnight covers your positons but not if there is wild movement in the market
Its not possible to arrange that amount of money next day in the morning , and hence your postions will be squared off at ZERODHA where as with any other broker your stock will be in against the margin if you dont pay up by 7 days they might square off your stocks which is fair enough
3) call and trade should be like answered with in one minute it always happens at Religare i have told them the day dealer will not take my call will be the day i close account its is very very important thought i dont know what reaction time they have AT zerodha
Good thing about ZERODHA is they are honest people but that can take them to a level where they almost are NOW from here they have to fight on the service side if they want to be in the league of TOP 5 Brokers in india
I dont have a Shares in the comapny ZERODHA nor do i trade with them but still i want them to listen to us because since they have come into the picture i can bully my broker now i tell who ever broker calls me to give me 200 rs per crore FNO and 1000 rs per crore Delievery and if he laughs at me i show him ZERODHA WEB SITE then he cries :clap: