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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Re: new cheapest broker is here. Zerodha
Dear sachin,
I have an acccount with Sharekhan and am holding lot of Cash market shares/stocks for long term.Now I am applying for your account for all segments.Is this totally valid/legal or do I have to drop my cash segment accout of Sharekhan.
U may have answered this query earlier..but in case ...
Raju
Dear sachin,
I have an acccount with Sharekhan and am holding lot of Cash market shares/stocks for long term.Now I am applying for your account for all segments.Is this totally valid/legal or do I have to drop my cash segment accout of Sharekhan.
U may have answered this query earlier..but in case ...
Raju
Re: new cheapest broker is here. Zerodha
@zerodhaonline
hi in my initially post I was writing to one of the members and you probly posted the same time as I was a posting a post directly to you so it looked repeated sry fr it but I felt its better to get the things cleared....
I have some more queries.....
1. The NSE NOW software that you are providing. Is the software version NEAT I read in one post where you wrote (web NEAT). I did not understand it sry but can you explain.
2. How will you give training to your clients such as me. There is no manual on the site nor any videos to how to use the software.
I request you to see the Power Indibulls site as they have done pretty good job with addressing each and every feature of the software. Please see the link you will understand what I mean.
http://power.indiabulls.com/PIBHelp/Index.html
Also see Angelbroking website as they have done good jobs with the videos on how to trade with the software.
3. Sometimes what broker such as mine Indiabulls do is they cut of their default limit of 12 times or any other limit to half i.e 6 times and it will be halfed in FnO segment too I guess without informing their clients about it ( I have no idea what does RM do and why he is getting paid by us if they cant even do that you obviously dont have any RM system ).
My question is do you have any such case where you will half the exposure limit in nse cash market and FnO without informing us ??
4. In any circumstances will you start the auto sq off before 3.10 or 3.15 by yourself ? please mention the situations if that can arise and will the client be informed before you do that ??
In case of Indiabuls it arises only and only if client looses 80% of their a/c bal.
5. Where can we get info on the ppl that are working with you in your management team yes I know its on the website but how can we confirm the same that what its written about them its there and they are actually associated with have interest in the company.
6. You are undoubtedly the cheapest brokerage service provider currently in the country now....because of that you will obviously have rapid increase in your client base I am also thinking to shift to you too completely but only think is say you in 1 to 3 yrs you get say 1 million clients will you able to assure :
Qualty of your service is not hammered
Speed/breakdown while trading wont happen (I guess that wont happen since sofware is connected with nse)
Quick redressal of the queries or complains as you are doing it now.....
there is another co. before you it was the cheapest now its the second cheapest lol.....RK Global but they have low quality service and top of that disconnection from terminals specially during peek hrs.....that is pretty much the reason they lost clients and new ppl are not willing to trade with them so nothing like this in your case right
If I do a simple search I can easily get info on the ppl and all kind of co. info. on the known brokers in India or even abroad but I couldn't get much as I tried searching the names in your management team...
The above doubts sum up my queries and I am ready with a/c opening with you :-D
thx
@zerodhaonline
hi in my initially post I was writing to one of the members and you probly posted the same time as I was a posting a post directly to you so it looked repeated sry fr it but I felt its better to get the things cleared....
I have some more queries.....
1. The NSE NOW software that you are providing. Is the software version NEAT I read in one post where you wrote (web NEAT). I did not understand it sry but can you explain.
2. How will you give training to your clients such as me. There is no manual on the site nor any videos to how to use the software.
I request you to see the Power Indibulls site as they have done pretty good job with addressing each and every feature of the software. Please see the link you will understand what I mean.
http://power.indiabulls.com/PIBHelp/Index.html
Also see Angelbroking website as they have done good jobs with the videos on how to trade with the software.
3. Sometimes what broker such as mine Indiabulls do is they cut of their default limit of 12 times or any other limit to half i.e 6 times and it will be halfed in FnO segment too I guess without informing their clients about it ( I have no idea what does RM do and why he is getting paid by us if they cant even do that you obviously dont have any RM system ).
My question is do you have any such case where you will half the exposure limit in nse cash market and FnO without informing us ??
4. In any circumstances will you start the auto sq off before 3.10 or 3.15 by yourself ? please mention the situations if that can arise and will the client be informed before you do that ??
In case of Indiabuls it arises only and only if client looses 80% of their a/c bal.
5. Where can we get info on the ppl that are working with you in your management team yes I know its on the website but how can we confirm the same that what its written about them its there and they are actually associated with have interest in the company.
6. You are undoubtedly the cheapest brokerage service provider currently in the country now....because of that you will obviously have rapid increase in your client base I am also thinking to shift to you too completely but only think is say you in 1 to 3 yrs you get say 1 million clients will you able to assure :
Qualty of your service is not hammered
Speed/breakdown while trading wont happen (I guess that wont happen since sofware is connected with nse)
Quick redressal of the queries or complains as you are doing it now.....
there is another co. before you it was the cheapest now its the second cheapest lol.....RK Global but they have low quality service and top of that disconnection from terminals specially during peek hrs.....that is pretty much the reason they lost clients and new ppl are not willing to trade with them so nothing like this in your case right
If I do a simple search I can easily get info on the ppl and all kind of co. info. on the known brokers in India or even abroad but I couldn't get much as I tried searching the names in your management team...
The above doubts sum up my queries and I am ready with a/c opening with you :-D
thx
Last edited:
Re: new cheapest broker is here. Zerodha
I totally understand the concern, but what I have already posted before... Just because we are reducing the cost by so much doesn't mean that we are trying to do something wrong... Online broking can be done at these rates in a particular way and still be profitable.. Last expiry we traded over a lakh contracts of nifty, we would have been in the top 50 brokers in the country, all in 6 months... We are already profitable as a business and are going to give the existing brokers a run for their money...
It is not about why we are charging so less, it should be why the others are charging so much.. When an online trader never visits a brokers office even once in his life, does he have to pay from his trading for the plush office of the broker at nariman point ...
Zerodha,
Your format of brokerage is what differenciate all the other brokerage from you. Going forward, if your setup will becomes a success and then may be other brokerages will also emmuluate your format, in the end hope the following are looked into thoroughly.
1. Your win-win strategy both for yourself and for the client is what will make other brokers look at your format and try to immitate your format of brokerage. I am now giving more than 2000 Rs. daily for brokerages and find that your format will reduce my outgoings in brokerage, not only that with the kind of brokerage, i think I might even do double the trades than I am doing now which comes to the point that you will also be earning the same amount in brokerage as other brokers but with you it is with a difference that the client is also making profit. I commend you on that hence the win-win situation.
2. I have noticed that normally whenever a brokerage opens a brokerage, they only think of getting customers but the infrastructure for accommodating customers are not thought of like ICICIDIRECT is doing currently. Agreed that you are increasing the customer base but one thing you have to note is the the infrastructure mostly related to internet should be thought of:
i.e. You may have thought of say 50000 customers to start with and your website will be able to accomodate that much customers only and I think that will be a surety your customer base increases to say 500000 or 1000000 the same infrastructure will be insufficient and the customers will face issues liking loggin in during hectic selling/buying and site not accessable, etc. Hope you have looked into all these.
Call trades means that you have to have people working at their desk to handle clients calls and take action on that, so naturally you will be having voice recording systems and others so that recordings of conversation can be taken for future use if some problem arises. Also, I have noticed that with many brokerages the CALL WAIT for contacting a call trade various during high rise/fall in stock market, hope you will give a better service than other brokerages.
Since you are having you office only at Bangalore. Making calls/waiting in line might be an issue and hope you have thought about that. A toll free number would be usefull if the hold time for normal calls is more than 1 minute.
I totally understand the concern, but what I have already posted before... Just because we are reducing the cost by so much doesn't mean that we are trying to do something wrong... Online broking can be done at these rates in a particular way and still be profitable.. Last expiry we traded over a lakh contracts of nifty, we would have been in the top 50 brokers in the country, all in 6 months... We are already profitable as a business and are going to give the existing brokers a run for their money...
It is not about why we are charging so less, it should be why the others are charging so much.. When an online trader never visits a brokers office even once in his life, does he have to pay from his trading for the plush office of the broker at nariman point ...
Zerodha,
Your format of brokerage is what differenciate all the other brokerage from you. Going forward, if your setup will becomes a success and then may be other brokerages will also emmuluate your format, in the end hope the following are looked into thoroughly.
1. Your win-win strategy both for yourself and for the client is what will make other brokers look at your format and try to immitate your format of brokerage. I am now giving more than 2000 Rs. daily for brokerages and find that your format will reduce my outgoings in brokerage, not only that with the kind of brokerage, i think I might even do double the trades than I am doing now which comes to the point that you will also be earning the same amount in brokerage as other brokers but with you it is with a difference that the client is also making profit. I commend you on that hence the win-win situation.
2. I have noticed that normally whenever a brokerage opens a brokerage, they only think of getting customers but the infrastructure for accommodating customers are not thought of like ICICIDIRECT is doing currently. Agreed that you are increasing the customer base but one thing you have to note is the the infrastructure mostly related to internet should be thought of:
i.e. You may have thought of say 50000 customers to start with and your website will be able to accomodate that much customers only and I think that will be a surety your customer base increases to say 500000 or 1000000 the same infrastructure will be insufficient and the customers will face issues liking loggin in during hectic selling/buying and site not accessable, etc. Hope you have looked into all these.
Call trades means that you have to have people working at their desk to handle clients calls and take action on that, so naturally you will be having voice recording systems and others so that recordings of conversation can be taken for future use if some problem arises. Also, I have noticed that with many brokerages the CALL WAIT for contacting a call trade various during high rise/fall in stock market, hope you will give a better service than other brokerages.
Since you are having you office only at Bangalore. Making calls/waiting in line might be an issue and hope you have thought about that. A toll free number would be usefull if the hold time for normal calls is more than 1 minute.
Re: new cheapest broker is here. Zerodha
Hi Karan,
Seems you are just hell-bent on asking questions w/o going thru the pains of finding the answers yourself. No offence here, but its just gets difficult even for the zerodha people to answer the same queries multiple times.
If you go through the entire thread & the zerodha website, most of your questions will be answered.
My answers are in RED.
Hi Karan,
Seems you are just hell-bent on asking questions w/o going thru the pains of finding the answers yourself. No offence here, but its just gets difficult even for the zerodha people to answer the same queries multiple times.
If you go through the entire thread & the zerodha website, most of your questions will be answered.
My answers are in RED.
@zerodhaonline
I have some more queries.....
1. The NSE NOW software that you are providing. Is the software version NEAT I read in one post where you wrote (web NEAT). I did not understand it sry but can you explain.
The long form of NOW is Neat On Web. The long form of NEAT is National Exchange for Automated Trading.
2. How will you give training to your clients such as me. There is no manual on the site nor any videos to how to use the software.
http://www.zerodha.com/main/zerodhatrading.html
Go to the above link for the NSE NOW manual.
3. My question is do you have any such case where you will half the exposure limit in nse cash market and FnO without informing us ??
Please stop comparing every other broker to zerodha.
4. In any circumstances will you start the auto sq off before 3.10 or 3.15 by yourself ? please mention the situations if that can arise and will the client be informed before you do that ??
In case of Indiabuls it arises only and only if client looses 80% of their a/c bal.
You'll find the answer to this Q in the previous posts on this thread.
5. Where can we get info on the ppl that are working with you in your management team yes I know its on the website but how can we confirm the same that what its written about them its there and they are actually associated with have interest in the company.
You seem to be too skeptical. Let SEBI & NSE worry about it.
6. You are undoubtedly the cheapest brokerage service provider currently in the country now....because of that you will obviously have rapid increase in your client base I am also thinking to shift to you too completely but only think is say you in 1 to 3 yrs you get say 1 million clients will you able to assure :
Qualty of your service is not hammered
Speed/breakdown while trading wont happen (I guess that wont happen since sofware is connected with nse)
Quick redressal of the queries or complains as you are doing it now.....
there is another co. before you it was the cheapest now its the second cheapest lol.....RK Global but they have low quality service and top of that disconnection from terminals specially during peek hrs.....that is pretty much the reason they lost clients and new ppl are not willing to trade with them so nothing like this in your case right
You'll find the answer to this Q in the previous posts on this thread. Moreover, there is a huge difference between the business model of RKG & Zerodha.
About the terminal, its NSE NOW. Quotes directly come from NSE. Unlike RKG, there's no involvement of the broker's server in between.
CHEERS!
I have some more queries.....
1. The NSE NOW software that you are providing. Is the software version NEAT I read in one post where you wrote (web NEAT). I did not understand it sry but can you explain.
The long form of NOW is Neat On Web. The long form of NEAT is National Exchange for Automated Trading.
2. How will you give training to your clients such as me. There is no manual on the site nor any videos to how to use the software.
http://www.zerodha.com/main/zerodhatrading.html
Go to the above link for the NSE NOW manual.
3. My question is do you have any such case where you will half the exposure limit in nse cash market and FnO without informing us ??
Please stop comparing every other broker to zerodha.
4. In any circumstances will you start the auto sq off before 3.10 or 3.15 by yourself ? please mention the situations if that can arise and will the client be informed before you do that ??
In case of Indiabuls it arises only and only if client looses 80% of their a/c bal.
You'll find the answer to this Q in the previous posts on this thread.
5. Where can we get info on the ppl that are working with you in your management team yes I know its on the website but how can we confirm the same that what its written about them its there and they are actually associated with have interest in the company.
You seem to be too skeptical. Let SEBI & NSE worry about it.
6. You are undoubtedly the cheapest brokerage service provider currently in the country now....because of that you will obviously have rapid increase in your client base I am also thinking to shift to you too completely but only think is say you in 1 to 3 yrs you get say 1 million clients will you able to assure :
Qualty of your service is not hammered
Speed/breakdown while trading wont happen (I guess that wont happen since sofware is connected with nse)
Quick redressal of the queries or complains as you are doing it now.....
there is another co. before you it was the cheapest now its the second cheapest lol.....RK Global but they have low quality service and top of that disconnection from terminals specially during peek hrs.....that is pretty much the reason they lost clients and new ppl are not willing to trade with them so nothing like this in your case right
You'll find the answer to this Q in the previous posts on this thread. Moreover, there is a huge difference between the business model of RKG & Zerodha.
About the terminal, its NSE NOW. Quotes directly come from NSE. Unlike RKG, there's no involvement of the broker's server in between.
CHEERS!
Re: new cheapest broker is here. Zerodha
hi thx for your reply.
nd am nt hell bent in asking quest. I am asking what I feel I shroud and imp trying sm brokers in past yes its better off to ask rather than face problems later......nd trust me I am going threw the thread its just way too long and its taking me time to go threw it.....yes I am sry if I have asked same qest twise.....now if your a mod I request you to make a Q and A page in start of thread so that one gets all the answers on the 1st page its self atleast most of them as going threw the entire 52 pages and then forgetting on which page what was answered in case one needs to look on later on just makes life more hectic. My life its self is way too hectic already...
thx
hi thx for your reply.
nd am nt hell bent in asking quest. I am asking what I feel I shroud and imp trying sm brokers in past yes its better off to ask rather than face problems later......nd trust me I am going threw the thread its just way too long and its taking me time to go threw it.....yes I am sry if I have asked same qest twise.....now if your a mod I request you to make a Q and A page in start of thread so that one gets all the answers on the 1st page its self atleast most of them as going threw the entire 52 pages and then forgetting on which page what was answered in case one needs to look on later on just makes life more hectic. My life its self is way too hectic already...
thx
Re: new cheapest broker is here. Zerodha
very good suggestion. :thumb:
Cheers,
Comm4300
my forex a/c
very good suggestion. :thumb:
Cheers,
Comm4300
my forex a/c
Re: new cheapest broker is here. Zerodha
Hi Karan,
I am not a MOD. I am just a fellow trader like you.
If you are busy, don't think others have all the time in the world. So if others on this forum can take out some time to answer your queries, you can very well devote some time to reading the entire posts & try to find them yourself as well.
If you wanna find your way around in this forum, you gotta take some pains buddy.
Anyway, you can ask the person who has started this thread to compose all the questions & the links to the answers & put them all by Editing the FIRST post in this thread!
Cheers!
P.S. Sorry for some harsh words but that was the only way to put across some points!:thumb:
Hi Karan,
I am not a MOD. I am just a fellow trader like you.
If you are busy, don't think others have all the time in the world. So if others on this forum can take out some time to answer your queries, you can very well devote some time to reading the entire posts & try to find them yourself as well.
If you wanna find your way around in this forum, you gotta take some pains buddy.
Anyway, you can ask the person who has started this thread to compose all the questions & the links to the answers & put them all by Editing the FIRST post in this thread!
Cheers!
P.S. Sorry for some harsh words but that was the only way to put across some points!:thumb:
Re: new cheapest broker is here. Zerodha
Zerodha,
Would like to know the following:
1. I would like to transfer from my wife account with ICICI to my account with you though I had given my ICICI account in the forms, would it matter.
2. Alternate, could I deposit the Cash in your HDFC Account at Mumbai Branch.
Zerodha,
Would like to know the following:
1. I would like to transfer from my wife account with ICICI to my account with you though I had given my ICICI account in the forms, would it matter.
2. Alternate, could I deposit the Cash in your HDFC Account at Mumbai Branch.
- Status
