Zerodha....
- Thread starter bharath.mang
- Start date
- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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Dear Zerodha, i am going to open Equities Trading a/c. Now, what should i do?
1. In ur instructions, it is written that "Pls do not fill the form unless u have filled it online". When i went to web for online application, it's unavailable.
What's the porcedure? PLS explain in detail to newbie like me. U r saying u have a team of experts to fill the form. But how they will get my details? Or is it case that u will fill it seeing my couriered documents? Does that mean- i need to only take print out, sign blank form aand send with documents?
1. In ur instructions, it is written that "Pls do not fill the form unless u have filled it online". When i went to web for online application, it's unavailable.
What's the porcedure? PLS explain in detail to newbie like me. U r saying u have a team of experts to fill the form. But how they will get my details? Or is it case that u will fill it seeing my couriered documents? Does that mean- i need to only take print out, sign blank form aand send with documents?
@Zerodha
"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 Funds withdrawn from the trading account will be disregarded.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."
What does it mean?
Suppose I have 50000/- in my account then if I got profit of 10000/- in 60 days and if I withdarw 20000/- in this period then my balance at the end will be... 40000/-
Then will you consider as profitable or not... will you think only about balance amount... or you check weather it is profitable.
And once mre thing....
Somebody suggested to keep condition ... only for whom balance of above 25000/ can only participate.
Pls do not put any condition like this.
As many including me have balance little below 25000/-
Thanks
"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 Funds withdrawn from the trading account will be disregarded.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."
What does it mean?
Suppose I have 50000/- in my account then if I got profit of 10000/- in 60 days and if I withdarw 20000/- in this period then my balance at the end will be... 40000/-
Then will you consider as profitable or not... will you think only about balance amount... or you check weather it is profitable.
And once mre thing....
Somebody suggested to keep condition ... only for whom balance of above 25000/ can only participate.
Pls do not put any condition like this.
As many including me have balance little below 25000/-
Thanks
Hi Zerodha,
The 60 day challenge some what looks like degrading the prospective traders. Does you mean that no traders will profit during this period? You want us to achieve profit from Re.0 to Rs.1+. Is this a good challenge for any traders? Or even is that difficult to achieve?
Rather you should fix up a profit target for the given period and ask us to achieve. That would be great challenge. We all know making profit from the market is not easy. Now you openly challenging that most of the clients of zerodha are not making profits.
Please motivate us with great ideas.
The 60 day challenge some what looks like degrading the prospective traders. Does you mean that no traders will profit during this period? You want us to achieve profit from Re.0 to Rs.1+. Is this a good challenge for any traders? Or even is that difficult to achieve?
Rather you should fix up a profit target for the given period and ask us to achieve. That would be great challenge. We all know making profit from the market is not easy. Now you openly challenging that most of the clients of zerodha are not making profits.
Please motivate us with great ideas.
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
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
By response is good, I meant more people joining the system...
As far as survival, guys!! our operational costs are really low and even if 80% of you are making profits, we will still be profitable...
But the idea is to keep you all happy!!!
...Assume I pay 5k upfront and i stop trading after 2 trades!! will the broker refund brokerage??? NOW NSE has a rule that broker can't charge more than 2.5%!!! So will the broker who has taken 5k upfront refund the brokerage paid???
No!! Charging upfront brokerage, is not in line of the NSE compliance norms. Sooner or later, all upfront brokerage schemes will have regulatory issues....There are already n number of complaints lying with NSE and SEBI against upfront brokerage plans from retail clients...
The idea with our challenge is to push you towards making money for yourself... To bring in some rationality into your trading, hoping that every time you put a trade, you will remember that we are having a challenge that you are in it for being profitable and not just for trading for the heck of it....
Finally, guys NOW is going paid, brokers like us and a few others could reduce costs because of NOW. Once NOW is paid, it won't be possible for the same.... Today we are at a size where we can shift to a much more advanced platform and offer you without any charge, but a lot of others will find it tough... The next 3 months, we will be sharing you profitable trading strategies which are backtested on the trading platform itself... The system will based on your view of the markets, suggest you trading strategies, share profitability and give you signal on the platform itself...
No!! Charging upfront brokerage, is not in line of the NSE compliance norms. Sooner or later, all upfront brokerage schemes will have regulatory issues....There are already n number of complaints lying with NSE and SEBI against upfront brokerage plans from retail clients...
The idea with our challenge is to push you towards making money for yourself... To bring in some rationality into your trading, hoping that every time you put a trade, you will remember that we are having a challenge that you are in it for being profitable and not just for trading for the heck of it....
Finally, guys NOW is going paid, brokers like us and a few others could reduce costs because of NOW. Once NOW is paid, it won't be possible for the same.... Today we are at a size where we can shift to a much more advanced platform and offer you without any charge, but a lot of others will find it tough... The next 3 months, we will be sharing you profitable trading strategies which are backtested on the trading platform itself... The system will based on your view of the markets, suggest you trading strategies, share profitability and give you signal on the platform itself...
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