Zerodha....

[soft_trader]

It shows version 2.2.0 on the demo. The last released build of sharekhan tradetiger for the public is 2.1.0. Maybe this feature is planned in future release.

It would be great if zerodha can include this in the NEST trader they are planning to migrate to.

I have a Sharekhan account. Today I got a mail from Sharekhan, stating that Version 2.2.0.0 of trade tiger will be available from 11/02/2012

 

[kiranjakka]

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 wont 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 Funds withdrawn from the trading account will be disregarded.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 todays online world, you shouldnt 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, Lets 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

you seem to be very confident that most of the traders loose money ,or the number of traders loosing money surpasses the number gaining




:rofl:

 

[timepass]

you seem to be very confident that most of the traders loose money ,or the number of traders loosing money surpasses the number gaining




:rofl:

Kiran, let's not doubt their intentions. These guys are sort of innovators and in the past too, they have come up with astounding schemes, which have created a win-win situation for the trader as well as for themselves.

Ok, this is not the sort of scheme I would have thought up. As mentioned in an earlier post, this is a "Reward Later" scheme, whereas I would've preferred an "Instant Gratification" scheme. But ok, theek hai. It's an idea, maybe it will be another game changer among the brokerage houses.

Even when they started, many of us would've silently thought "These guys are going to bankrupt themselves, or maybe it's a scam. Who can give multiple lots, upto 300, in ONE order for Rs. 20 ???" Then they bettered themselves with max Rs. 20 offer. Maybe this is another winner idea.

Anyway, for us customers, Max Rs. 20 was good enough anyway, and moreover, using the same platform (and margin) for Equities + Derivatives + Currency + now derivatives !!! Pretty good going.

 

[kiranjakka]

Kiran, let's not doubt their intentions. These guys are sort of innovators and in the past too, they have come up with astounding schemes, which have created a win-win situation for the trader as well as for themselves.

Ok, this is not the sort of scheme I would have thought up. As mentioned in an earlier post, this is a "Reward Later" scheme, whereas I would've preferred an "Instant Gratification" scheme. But ok, theek hai. It's an idea, maybe it will be another game changer among the brokerage houses.

Even when they started, many of us would've silently thought "These guys are going to bankrupt themselves, or maybe it's a scam. Who can give multiple lots, upto 300, in ONE order for Rs. 20 ???" Then they bettered themselves with max Rs. 20 offer. Maybe this is another winner idea.

Anyway, for us customers, Max Rs. 20 was good enough anyway, and moreover, using the same platform (and margin) for Equities + Derivatives + Currency + now derivatives !!! Pretty good going.

i know that too timepass, i trust them very much and they have been very good on their part , but finally all that matters is business. i am a very good customer to them if somebody is going to benefit by this plan i will be the first one.

 

[Sunny1]

I think ....the time line for existing customer should be extended by at least 1- 2 month (for waiving of account opening fee)...

since all docs are compulsory .....again we have to provide....?

I dont have address proof in my name....

Is vehicle RC ( card based) is accepted as address proof...? this is only doc avaible in my name.

Do existing customer have to provide docs again?......

 

[columbus]

I have a Sharekhan account. Today I got a mail from Sharekhan, stating that Version 2.2.0.0 of trade tiger will be available from 11/02/2012

To be on safe side ,please save all routine stuff like Marketwatchs,lay-outs ...
etc.. separately on your computer before installing TradeTiger 2.2.I am eager
to load it too.

 

[meena07]

Hi Zerodha/ Mr. Sachin

In future is there any chance of providing Unlimited trading at fixed monthly amount?.

(Excuse me if this query has already been answered in this thread)

rgds
Meena

 

[mrkanitkar]

Zerodha,


Just came to know that ShareKhan has intorduced some new features, and every trader worth its salt, is aware of their importance. namely,
(i)Bracket orders ( Tgt Price and SL order ) and
(ii)Trailing Stop loss order.

Which have been a consistent demand of the fellow traders on this forum and Zerodha was telling that it was not possible for certain reasons.

If one can provide other can follow suit. May we expect these features from Zerodha very soon.

Please note I am not a customer of Share Khan, link has been forwarded by a fellow trader. Links are as follows, please remove the spaces in between:

w w w.sharekhan.com/tradetigernew/bracket/bracket_order. html
w w w.sharekhan.com/tradetigernew/tsl/trailing_SL. html

These are most important features, I am looking for these for long time.

 

[coolcorner78]

1. Yes we will give you a very good mobile trading application that works on all operating systems.. The mobile trading app to begin with might cost you a little every month... This again we would take off as and when the volume picks up...
MCX from day one would be on NEST. We would slowly migrate from NOW to NEST for NSE, so we can give you an all in one platform...

2. NEST works on all phones and also will start working on Mac operating systems..

Thats great to know that NEST will have mobile platforms too with good set of features and it would come to clients at no cost soon with volumes picking up. (It is still as per what was said in this post http://www.traderji.com/brokers-trading-platforms/47790-zerodha-575.html#post631476 with no riders attached)

PS: I would still request you (Also anybody who has Android/Apple) to check Tradeinterceptor, also you could check platform by Xogee. Its truly appreciable :clapping:.

 

[NTrader42]

Hello

I have already opened a NSE account with you, funded it but continue to trade with my previous broker.
I will be sending in the MCX forms. I do only Intraday trading.

From your answers above it seems that both the accounts will have to be funded separately for margin even if only one is used at a time and the margin amount in other sits ideal


My question is

Is it possible to give you a standing instruction to transfer the balance margin in my NSE F&O account to MCX account everyday at 3:30 PM
and transfer the balance in MCX back to NSE after 11:55PM???

Thanks
NT