Zerodha....

[Zerodha]

sachin/nithin,

repeating the query,

it will be helpful if you can answer. talked to support also but they could not help.

want tick data intraday or EOD, is it possible in NOW? or atleast 1sec data.

NOT available on NOW but we sure can arrange for it once we are live on Zerodha Trader(NEST)

 

[soft_trader]

I am just amazed By the kind of support Zerodha is giving to us.

The people who are raising voice against Zerodha, I just have a question to them.

Which Broker will answer your queries in Sunday and at Mid-night?

Till now I haven't seen any broker helping out clients in Mid-night, keep aside Sunday mid-night. If they claim 24X7 helpline, and you call them. IVR will speak out "All our executives are busy assisting other customers" and they will never answer your call. They are just busy taking a good sleep at that time.

2.5x leverage is enough for Futures. Most of the brokers are not providing any extra leverage above the NSE required SPAN.

And for the high turnover charges, Yes it will be good if Zerodha reduces it. If Zerodha didn't then also I don't have any complain.

Guys, Just think of it. RKSV is charging Rs. 230/- per crore, but we have to pay our brokerage upfront to them. Even we trade for 1 day in RKSV we are required to pay the full brokerage of 1month. But, in Zerodha we are paying for what we are using.

This is where the difference lies.

 

[age_of_turbulence]

Businesses have internal mechanisms to control risk and etc... I can't put everything on a public forum.. But let me give you an example in this context!!!

When you go to the US and rent a car, u can just rent a car or you can with a lot of other covers, insurance, body to body, life etc... It does cost a little extra when you take these covers.. It may not seem like it is required most of the time, but it sure as hell helps when there is trouble...

As I said, we have to do things to make this a sustainable business model to us come rain or shine.. In the business of broking, everyone can run it when markets are flat or bullish, but it is most important to prepare for those 2008, 2004 , 2000 kind of years...Our charges are a little higher coz we have a different deal and we are preparing for that year and it is our belief that a lot of present brokers can't survive the next big fall with the high leverages and low margins they are working with...

We are trying our best to get some active future traders to start trading with us to get this cost lower.. Most of our pro trading is also on put-call parity and doesn't generate any futures turnover.. But we are hoping to have a reduction in the next couple of months once again...

1.30pm in the night.. I think I have interacted with a few guys on this forum before around the same time... Was watching the el-classico and getting frustrated with the way barcelona was playing so thought let me see what is happening on traderji... Surprised to see so many guys on it on a saturday night...

To be honest, I'd like to be able to choose how I want to rent the car. Transaction charges is one place where Zerodha takes back too much of what it gives elsewhere and as a futures trader, I do hope it gets better. Plenty of arb strategies are made unviable by STT and the myriad of charges our incompetent govt forces us to pay - high transaction costs just make even more trades unviable.

One question - is there some sort of technical reason that makes it impossible for Indian brokers to develop a plugin for Amibroker & Metastock? I think pretty much every serious trader would much rather be able to trade using Ami & MS - Indian platforms are just infuriating. The random freezes, the prices that stop updating - we're still in the dark ages with technology. So Zerodha, how about working on a plugin for Ami/Esignal/MS? Now, THAT would be a game-changer.

 

[Zerodha]

To be honest, I'd like to be able to choose how I want to rent the car. Transaction charges is one place where Zerodha takes back too much of what it gives elsewhere and as a futures trader, I do hope it gets better. Plenty of arb strategies are made unviable by STT and the myriad of charges our incompetent govt forces us to pay - high transaction costs just make even more trades unviable.

One question - is there some sort of technical reason that makes it impossible for Indian brokers to develop a plugin for Amibroker & Metastock? I think pretty much every serious trader would much rather be able to trade using Ami & MS - Indian platforms are just infuriating. The random freezes, the prices that stop updating - we're still in the dark ages with technology. So Zerodha, how about working on a plugin for Ami/Esignal/MS? Now, THAT would be a game-changer.

Whatever brokerage wise could be reduced has already been done... Yes transaction charges will go lower over time...60 day challenges are going well as many guys are getting disciplined to win it... We might keep these challenges or newer ones....all of this done without compromising on risk management or quality of service...

But as u said right, the real game changer would be to give tools privy to a select few today to all our clients... Yes it is possible to design api's to do what u have asked for and a lot more.... Our next challenge is to bring the most innovative technology at no additional cost to u...

 

[sayantan2u9]

the biggest problem is taxes like STT , services taxes etc

a little higher transaction charges is quite payable when u consider brokerage is only rs20 per TRADE n not lot !

govt of india is the one we shd protest againest

 

[age_of_turbulence]

the biggest problem is taxes like STT , services taxes etc

a little higher transaction charges is quite payable when u consider brokerage is only rs20 per TRADE n not lot !

govt of india is the one we shd protest againest

Sayantan tum sangharsh karo, hum tumhare saat hein :lol:

@ Zerodha - VERY glad to hear you're looking at solutions like those. I know you're using NEST and that's coming up soon, but i really hope you seriously consider APIs for popular charting software. I would bet that a hoard of serious traders would make the switch bc of that alone.

 

[vikrit]

NOT available on NOW but we sure can arrange for it once we are live on Zerodha Trader(NEST)

thanks for reply, hope it will happen soon,

one more thing, can you arrange tick-data for commodity in nest?
(i am having mcx a/c with you)

 

[prabit]

Yeah. That's the standard practice for me nowadays.

I am unable to remove tick mark for "launch plus". If I click login page opens.

 

[prabit]

Sayantan tum sangharsh karo, hum tumhare saat hein :lol:

@ Zerodha - VERY glad to hear you're looking at solutions like those. I know you're using NEST and that's coming up soon, but i really hope you seriously consider APIs for popular charting software. I would bet that a hoard of serious traders would make the switch bc of that alone.

Nest is no good, zerodha is imposing nest on us and promoting nest.

 

[Zerodha]

Nest is no good, zerodha is imposing nest on us and promoting nest.

When you are logging in, you just have to untick launch plus... Send an email out to [email protected] with the issues you are facing with NEST?? You must be having a commodity account with us right??