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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Is the account opening fees for new clients or existing clients also need to pay the commodities account opening fees.
If one has existing account, does all documents have to be freshly submitted.
For someone opening new account with Zerodha, will he have to submit 2 copies of each document for both trading derivatives and commodities
If one has existing account, does all documents have to be freshly submitted.
For someone opening new account with Zerodha, will he have to submit 2 copies of each document for both trading derivatives and commodities
hello !!!!
i have following queries :-
1. Can I deposit Shares as collateral to get limits for delivery/day trading ?
2. Suppose in i want to take home delivery what i need to do ?
3. In case of selling delivery what should be done like i need to call & let you know that i have sold so & so stock which is delivery based selling ?
4. Are turnover taxes different for GUJARAT & KARNATAKA ?
Please respond at earliest i m eager to open a account
i have following queries :-
1. Can I deposit Shares as collateral to get limits for delivery/day trading ?
2. Suppose in i want to take home delivery what i need to do ?
3. In case of selling delivery what should be done like i need to call & let you know that i have sold so & so stock which is delivery based selling ?
4. Are turnover taxes different for GUJARAT & KARNATAKA ?
Please respond at earliest i m eager to open a account
Hi All,
I did my first trading today with NSE NOW software and the experience was fabulous..Quite a refresher after horrible religare experience..that too on a comparatively very low brokerage..And I kept on calling zerodha team for their support and they were promt and helpful...Thanks for a wonderful first day experience and hope for the same for the rest of the journey with u guys..
I did my first trading today with NSE NOW software and the experience was fabulous..Quite a refresher after horrible religare experience..that too on a comparatively very low brokerage..And I kept on calling zerodha team for their support and they were promt and helpful...Thanks for a wonderful first day experience and hope for the same for the rest of the journey with u guys..
1. You can give shares as collateral, but for now it is not an online module. You would have to send in an email request and we would do it for you.. If shares are given as collateral, you can do intrday trading with that margin. Presently we won't let you use it for delivery based.
2. When you take delivery, hold after 3.10pm, it will automatically come to your demat account.
3. When selling delivery, you don't have to call anyone. You can directly sell it from the terminal.
4. Stamp duty would be different for Gujrat and Karnataka. With Karnataka it is 0.01% with a max of Rs 50 per day...
2. When you take delivery, hold after 3.10pm, it will automatically come to your demat account.
3. When selling delivery, you don't have to call anyone. You can directly sell it from the terminal.
4. Stamp duty would be different for Gujrat and Karnataka. With Karnataka it is 0.01% with a max of Rs 50 per day...
For Commodity account:
1. Address proof as ration card will do..
2. Account opening will be waived for all our existing client, mention your client id on top of the account opening form. Account opening fees is waived off as an inaugural offer to only our existing clients and till March 15th 2012.
3. We will keep the same userid for equity and commodity.
4. If you have already got a trading account with us, no need of IPV once again. So don't worry about the Photo with PAN.
5. Yes, we will require a separate set of documents and photographs.
6. @shekar, send us your old form 16 itself....
Hope this helps...
1. Address proof as ration card will do..
2. Account opening will be waived for all our existing client, mention your client id on top of the account opening form. Account opening fees is waived off as an inaugural offer to only our existing clients and till March 15th 2012.
3. We will keep the same userid for equity and commodity.
4. If you have already got a trading account with us, no need of IPV once again. So don't worry about the Photo with PAN.
5. Yes, we will require a separate set of documents and photographs.
6. @shekar, send us your old form 16 itself....
Hope this helps...
Zerodha 60-day Challenge
Dear Fellow Traders,
We are very happy to announce the Zerodha 60-day Challenge which we will run on Equity (Cash and F&O), Currencies and Commodities from February 15, 2012.
Zerodha was conceived with an idea of being able to completely remove the concept of brokerage from trading. Thanks to your continued support, today we can implement it. This would mark the culmination of the first part of our dream of offering a brokerage-free platform. The other parts of the dream include multi exchange on one platform, advanced charting tools, ability to program your trades and so on. We are hoping to have all of this done in the next 3 months.
Zerodha 60 Day Challenge-Offer Details
For now this would be a one-time offer and we will continue it based on the response we get.
Exchanges Applicable: NSE (Equity, F&O, Currency)
MCX (Commodities)
The Zerodha 60-day Challenge will start from your first trade on or after February 15, 2012. The contest will run for a total of 60 trading days. If the cash balance in your account on the 60th day is more than what it was on day one, you will get back all the brokerage you paid us during this period.
Contest Rules:
1. Money transferred into your trading account during the contest period will not be considered. This means you can transfer funds to top up your limits, but it won’t be added to your profits.
2. Money received from the sale of shares from your demat account will not be considered for profitability.
3. Stocks bought for delivery will not be considered for the challenge. Only the cash and the f&o position value on the last day of the challenge would be considered.
4. Funds withdrawn from the trading account will be disregarded. This means that you can withdraw funds and it will still be considered for your profitability.
5. Option premium received for writing (selling) will not be considered as a credit.
6. Both Equity (intraday equity and f&o) and Commodity will be considered as separate individual challenges.
7. No conditions on minimum number of trades or turnover. For example, you could have done just 1 trade which is profitable, over the 60 day period and still get back the brokerage paid.
8. During the 60-day challenge you will continue to pay Rs 20/executed order or 0.01%/0.1%, whichever is lower as brokerage.
9. To win the contest, you simply have to be net profitable after paying all your taxes and costs.You need to login to the backoffice and click on request for crediting the brokerage paid, back to your trading account. The credit will happen within 24 hours.
10. The contest is valid for all our existing clients as on Feb 14th 2012. For all our new MCX clients, this offer would be valid for all the clients who open an account till the 15th of Mar 2012.
Message from Nithin:
Dear Friends,
We have a first mover advantage in the online discount broking space. What started as an idea, today thanks to all your support has put Zerodha amongst the top members of NSE in terms of turnover.
If you have had any association with team Zerodha, you would have realized that we are in the business to give all of our clients an edge while trading. The Zerodha 60 day Challenge is our way of trying to give you an advantage,bring back the fun in trading and also give you an added motivation to be profitable.
When I first thought about the 60 day Challenge, the question that was asked by my team was, how will Zerodha make profits?
We are a low cost broking firm and true to our business model we have very low operational cost. A team of 40 does the same amount of business that a broker with a team of 1000 does. As I keep telling everyone, in today’s online world, you shouldn’t ask us why we charge so less!! You need to ask everyone else why they charge so much more for online trading.
We need your support to keep this offer forever. We expect that the new business that will come through because of this offer will make up for any revenue drawdown. To support, look at the revamped associate program on our website http://zerodha.com/main/zerodhareferatrader.html . Refer your friend using our BackOffice, inform him that Zerodha team would contact him and leave the rest to us. We would be also sharing any revenue generated by your referred friends, Let’s Grow Together!!!
A lot of you have had complaints about charting on NOW. We would be migrating to NEST in the next 2 months. We would be providing you a single platform to trade on NSE, BSE and MCX. NEST has a lot of additional features compared to NOW and we would be collocating the servers to give you the same speed and reliability that NOW is offering. This would be available free of cost for all of you.
I thank you all once again; look for your continued support and will keep trying to find ways to surprise you positively. Do send me suggestions on improving our business for you on [email protected].
Happy Trading,
Nithin Kamath
www.zerodha.com
Dear Fellow Traders,
We are very happy to announce the Zerodha 60-day Challenge which we will run on Equity (Cash and F&O), Currencies and Commodities from February 15, 2012.
Zerodha was conceived with an idea of being able to completely remove the concept of brokerage from trading. Thanks to your continued support, today we can implement it. This would mark the culmination of the first part of our dream of offering a brokerage-free platform. The other parts of the dream include multi exchange on one platform, advanced charting tools, ability to program your trades and so on. We are hoping to have all of this done in the next 3 months.
Zerodha 60 Day Challenge-Offer Details
For now this would be a one-time offer and we will continue it based on the response we get.
Exchanges Applicable: NSE (Equity, F&O, Currency)
MCX (Commodities)
The Zerodha 60-day Challenge will start from your first trade on or after February 15, 2012. The contest will run for a total of 60 trading days. If the cash balance in your account on the 60th day is more than what it was on day one, you will get back all the brokerage you paid us during this period.
Contest Rules:
1. Money transferred into your trading account during the contest period will not be considered. This means you can transfer funds to top up your limits, but it won’t be added to your profits.
2. Money received from the sale of shares from your demat account will not be considered for profitability.
3. Stocks bought for delivery will not be considered for the challenge. Only the cash and the f&o position value on the last day of the challenge would be considered.
4. Funds withdrawn from the trading account will be disregarded. This means that you can withdraw funds and it will still be considered for your profitability.
5. Option premium received for writing (selling) will not be considered as a credit.
6. Both Equity (intraday equity and f&o) and Commodity will be considered as separate individual challenges.
7. No conditions on minimum number of trades or turnover. For example, you could have done just 1 trade which is profitable, over the 60 day period and still get back the brokerage paid.
8. During the 60-day challenge you will continue to pay Rs 20/executed order or 0.01%/0.1%, whichever is lower as brokerage.
9. To win the contest, you simply have to be net profitable after paying all your taxes and costs.You need to login to the backoffice and click on request for crediting the brokerage paid, back to your trading account. The credit will happen within 24 hours.
10. The contest is valid for all our existing clients as on Feb 14th 2012. For all our new MCX clients, this offer would be valid for all the clients who open an account till the 15th of Mar 2012.
Message from Nithin:
Dear Friends,
We have a first mover advantage in the online discount broking space. What started as an idea, today thanks to all your support has put Zerodha amongst the top members of NSE in terms of turnover.
If you have had any association with team Zerodha, you would have realized that we are in the business to give all of our clients an edge while trading. The Zerodha 60 day Challenge is our way of trying to give you an advantage,bring back the fun in trading and also give you an added motivation to be profitable.
When I first thought about the 60 day Challenge, the question that was asked by my team was, how will Zerodha make profits?
We are a low cost broking firm and true to our business model we have very low operational cost. A team of 40 does the same amount of business that a broker with a team of 1000 does. As I keep telling everyone, in today’s online world, you shouldn’t ask us why we charge so less!! You need to ask everyone else why they charge so much more for online trading.
We need your support to keep this offer forever. We expect that the new business that will come through because of this offer will make up for any revenue drawdown. To support, look at the revamped associate program on our website http://zerodha.com/main/zerodhareferatrader.html . Refer your friend using our BackOffice, inform him that Zerodha team would contact him and leave the rest to us. We would be also sharing any revenue generated by your referred friends, Let’s Grow Together!!!
A lot of you have had complaints about charting on NOW. We would be migrating to NEST in the next 2 months. We would be providing you a single platform to trade on NSE, BSE and MCX. NEST has a lot of additional features compared to NOW and we would be collocating the servers to give you the same speed and reliability that NOW is offering. This would be available free of cost for all of you.
I thank you all once again; look for your continued support and will keep trying to find ways to surprise you positively. Do send me suggestions on improving our business for you on [email protected].
Happy Trading,
Nithin Kamath
www.zerodha.com
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