Zerodha....

[Zerodha]

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

Hi Meena,

The idea with the 60 day challenge, is to actually let you trade unlimited for free... ... Can't really beat a zero right??? ... If the response is good, we will keep this forever..

 

[Zerodha]

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

Hi NT,

If you look at the MCX form, there is an authorization letter that we take to transfer funds from your equity to commodity and viceversa... For the first few days, till NSE is not integrated on NEST, you will have to keep separate margins..... But once NSE comes on NEST, you can use funds pretty much seamlessly across exchanges...

 

[Zerodha]

Hi Zerodha

My nephew wants to open Commodities Account with Zerodha & yesterday he also received a call from your team. I, on behalf of him, am asking that in the INSTRUCTIONS page, it is written =

**PLEASE DON T FILL THE FORM (unless youve filled it online) We have a dedicated team for filling your form.

In the above context, please do spare some time to tell :=

(1) As my nephew is a "New" member for you, PLEASE CONFIRM WHETHER HE CAN SEND A BLANK FORM AFTER SIGNING IT AT REQUIRED PLACES with all the required documents.

(2) FURTHER, a cheque of "how much money (200 or 300) should be sent along with the form. Be aware that he has downloaded the form & printed from his computer.

(3) What if he sends a cheque of more amount, say 5K or 10K or more, and after deducting "your" amount, you deposit rest of the amount to his account.

(4) As you don't have NEST available for customers right now, and the NOW software perhaps does not allow Commodities trading, so what will happen after one opens his Commodities account. WHEN & HOW SHALL ONE BE ABLE TO TRADE IN COMMODITIES?

Please clarify above soon.

Cheers

shekhar

Shekar,

yes he can send a blank form, just ensure it is signed everywhere..

Cheque of Rs 200...

Margin cheque goes to MCX client account, account opening cheque goes to zerodha account... So no, we can't mix both the cheques, it has to be separate...

We are going live on NEST on the 15th.. So you would start trading on the NEST platform itself from the start...

Cheers..

 

[timepass]

What happens to the referral scheme ?? If the referrer and the referred both make money, you will refund the brokerage to both and give the referrer his referral incentive as well ??

 

[NTrader42]

Hi NT,

If you look at the MCX form, there is an authorization letter that we take to transfer funds from your equity to commodity and viceversa... For the first few days, till NSE is not integrated on NEST, you will have to keep separate margins..... But once NSE comes on NEST, you can use funds pretty much seamlessly across exchanges...

Thanks for the answer,

How long will it take for you to get NSE integrated on NEST?
Can we expect that to happen by end of March 2012?

Thanks

 

[hc9001]

60 Day Challenge from Zerodha....

Quote from Zerodha:
The idea with the 60 day challenge, is to actually let you trade unlimited for free... ... Can't really beat a zero right??? ... If the response is good, we will keep this forever..

Reply:-
You are just Amazing.:clapping:
I have told some friends about current 60 day challenge, they are interested. I didn't ask for a referral as my name, instead told them to mention referrer as 'None'. The 10% commission as referrer will go to your a/c directly from my side. That's a tribute to zerodha in reply to your offer.
If some friends here inspired by me, U'll get some additional brokerage boost up.
One little suggestion from me, if u issue a certificate for top 10 traders after 60 day challenge according to highest percentage increase of capital , it will be more interesting to all. Just a one page certificate from No 1. Brokerage House will boost up our performance.

Cheers.

 

[shekharinvest]

Hi Meena,

The idea with the 60 day challenge, is to actually let you trade unlimited for free... ... Can't really beat a zero right??? ... If the response is good, we will keep this forever..

Hi Zerodha,

What do you mean by " If the response is good..."

If all the traders ( most of them) are loosers, you can continue with the scheme, as you can keep the brokerage.

If all the traders ( most of them) are winners/profitable, you will fail to survive in the absence of any meaningful brokerage.

One of the two has to close the shop sooner than later

SHEKHAR

 

[mprakash1972]

in futures market it is said that only 10% make money so i think based on that fact Zerodha may continue this brokarege challenge contest forever.
regards,
m prakash

 

[comm4300]

Re: 60 Day Challenge from Zerodha....

Quote from Zerodha:

One little suggestion from me, if u issue a certificate for top 10 traders after 60 day challenge according to highest percentage increase of capital , it will be more interesting to all. Just a one page certificate from No 1. Brokerage House will boost up our performance.

Cheers.

i second this idea. :thumb:

 

[hc9001]

Hi Zerodha,

What do you mean by " If the response is good..."

If all the traders ( most of them) are loosers, you can continue with the scheme, as you can keep the brokerage.

If all the traders ( most of them) are winners/profitable, you will fail to survive in the absence of any meaningful brokerage.

One of the two has to close the shop sooner than later

SHEKHAR

---------
Zerodha definitely has not to close shop sooner or later. :lol:
Because it is historical fact of trading that, trading is a zero sum game and here the winner:looser ratio is almost 1:9 . More than 85% traders are looser all over the world irrespective of country/exchange. Zerodha can easily survive, bcoz that ratio is not going to change at all. :lol:
Advantage of such offer:-
1. With this innovative offer they can attract a lot of Beginners, as beginners always hope that they can survive bcoz they have no idea of real life trading. Most of them make profits in 'paper trading' b4 get into real trading also, that's make them more confident
If they don't survive they will eventually close their a/c one day. But the 1st triers would be with Zerodha. :thumb:
2. 10-15% Successful traders (including survivors) would trade free forever (if the offer continues) with Zerodha. They would generate bigger trading volumes instead of brokerage with Zerodha! Hence the power of zerodha will increase day by day as biggest brokerage house. :thumb:
So its a Win Win condition for zerodha.
Hopefully "response" would be good & they will keep it forever.. Cheers.:clap: