One thing is for sure, we are going to change the way stock broking is done in India. Businesses in India know how to grow big by playing dirty. We are trying to do it by playing it clean.. Nithin was telling the other day in a meeting that if tomorrow we get a lot of business that can't be managed with the present setup, we will stop opening new accounts until we are scaled up and won't compromise any bit on the existing clients... I have worked with a lot of brokers for years and haven't really ever heard a broker say something like this.. Brokers will scale up the business even if they can't serve the clients, goof up and pretend that everything is alright...
When I told about this incident to him, he said that I might have been assumptive that someone deleted the thread intentionally to stun our rate of growth..We have got a good exposure because of traderji and we need to thank this forum for being able to express our thoughts... we will take the biggest banner ad at traderji for a year and also am trying to figure out how we can have a sponsored thread... Any inputs will be valuable...
But if it is done intentionally even though we hadn't done any solicitation, then I suppose even this thread would be deleted very soon. But, what the person deleting has to realize is that we have come up with a business model that can create a win-win scenario for both traders and us and we are doing it in a nice-clean way...Competition is good, forces the people involved to be in shape.... Cheers....
Zerodha, Thanks,
As mentioned in one of the messages, hope this of Rs.20/- per trade is there forever and not for 1 year or 2 year. And as I said, you will not require any advertisements in newspapers/tv, etc., if the rate and service that you give is the best. Word of mouth and answering this traderji formum investors queries and facebook will itself ensure that your investor/trader base increase without advertisments.
Somewhere I have seen a thread which insinuates that if a person buys 10 shares @ 50.00 and you charge Rs.20/- then you are charging beyond the brokerage rules set out by NSE/BSE/SEBI, you will have to do something about that otherwise you will have lots of complaints.
To all those investors who has the above issues what I have to say is that Zerodha is the lowest when you compare with other brokers and they are very clean with their charges which is what I like and hope most of the investors/traders would like that from a brokerage company.
Also, I normally purchase penny stocks in bulk, I saw your forms and note that the form states that some penny stocks would not be allowed to be traded which you should reconsider. All those people who have entered the market knows the risks associated with trading in stock market and therefore if one trades in penny stock and makes a loss it is solely the investors/traders responsibility and hence what I feel is that you should not disallow investors/traders to trade in Penny Stock.
