Zerodha....

[msa5678]

Ok. You're on.

Can you please answer some of the queries regarding commodities that the members have posted, the most prominent one being whether the existing members are required to pay the Rs. 300 fees.

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...

 

[soft_trader]

@ ZERODHA

You have promised us that, transfer of funds between segments will be available, i.e. Transferring Funds between Equity & Commodity like as in Sharekhan.

Any update on this???

I used to payin funds to my account using AXIS Bank Netbanking, from Now-Online. So that I can save Rs. 15/- but, for commodities will there be any free Payment gateway like now-online?

 

[timepass]

Hello

Can you (Zerodha) connect with me regarding opening an account in F & O segment.

Thanks.

Amitabh Choudhury

Send an email to [email protected] and mention your contact details (ph. no. etc.)

 

[mohdameer]

hi,
if i take delivery, do i need to login to il&fs to be able to sell it or i can just sell it from now.exe?

 

[soft_trader]

hi,
if i take delivery, do i need to login to il&fs to be able to sell it or i can just sell it from now.exe?

You can sell from Now exe, using order type as CNC (Cash N Carry)

 

[trader15]

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...

If I'm a new customer: then will single account opening charges will be required or will I need to pay seperate account opening charges for trading and commodity accounts

 

[bpr]

Time to try some new trading systems brokagefree and make some more loss
Zerodha I am really happy to read this line
"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."
Sooner the better...

 

[prktrade]

@Zerodha

Thanks about introducing the revolutionary offer in Commodites.

I have two questions though. Is it mandatory to have a Commodities Demat account to trade when I will be dealing only with cash settlement? I have no intention of taking any deliveries for commodities. (Primary trades will be in Gold and Silver Mini contracts).

I do not have a sales tax and vat no currently. I did have one in the past but that has been surrendered when I shifted states from Maharashtra to Karnataka. Will this be needed to trade as an individual who doesn't wish to take any deliveries?

 

[Zerodha]

Zerodha,

Thanks for the offer, commodities and the details.

60-day Challenge :

Point of order : Starting from 15th Feb, I am sure that you can put a closing date on it.

a. As I understand it, for the trades between 15th Feb to the closing date, if your profits are greater than your losses (if any), then you will refund us the brokerage, whatever the cash balance.

b. The running trades (open positions) in F&O as on the closing date will be calculated as per MTM value and the profits/losses calculated accordingly.

c. Repetition : This will be available only for intraday equities, NSE F&O, commodities and currency.

Am I clear or have I misunderstood anything ??

Regarding the open positions at the end of the closing day : Whatever happens to that trade after the calculations have been won't affect the refund / non-refund (whether those trades eventually end in profit or loss)..

??

Closing date is 60 days from whenever you start trading...

Yes we will consider the f&o position as on the 60th day. if the trade eventually makes a loss, but on the 60th day is making money, it won't make any difference...

C : Yes you are right...

 

[Zerodha]

You missed the part about Bank Estatement. My Bank also has not issued me Pass Book and it charges for Physical Bank Satement where as it gives E-Statement by Email for Free.

1. Can I give it to you a self printed Black and White copy of my Bank Satement OR can I email you the 6 Months E-Satement of 6 My Bank Account instead of Physical Satement?

2. What is the amount I should fill for account opening fees as I want to open Both MCX and NSE-Fno Trading account with Zerodha?

Yes a self printed statement should be alright

If you are an existing client no account opening fees

If you are a new client, rs 200 if you are printing the forms...