Zerodha....
- Thread starter bharath.mang
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- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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The reason is because we like Zerodha and want to stick with them.
But lets not push them. If you want to ask for something, be sensible, smart, and ask for reduction in traansaction charges, it will pay off much, much more than reduced brokerage.
This is in their power to do so. Alll it requires from them is the will to make us happy.
Are you nuts, Sumo ?? Who is begging now ?? And what's this thing about "Power" ?? I guess we need more aware consumers in this country. Did the traders go to Zerodha and "ask" for Rs. 20 per trade ?? No !! These guys thought up of this scheme and the traders liked it. Same for the future schemes. They come up with incentives and the traders, if they like it, go for it. Maybe Zerodha ask for ideas from the trading community, maybe not.
When I say that it's "symbiotic" relationship, I am being generous. If you guys remember, when the 60 days challenge was announced, I spoke against it. "Counterproductive" was the word I used. Now what exists at the end of that round ?? 78% customers end up feeling bad, 60% "Near-hits" must be smarting real bad. Also, I guess Zerodha is hurting too, whether they admit it or not. Looking back, Zerodha will find that I was perhaps the only one who thought of it from the vendor's point of view. Whether or not the community has benefited from team zerodha's experience as super traders (as they make a point to mention time and again), but zerodha has certainly gained from my experience as a retailer.
When I say that it's "symbiotic" relationship, I am being generous. If you guys remember, when the 60 days challenge was announced, I spoke against it. "Counterproductive" was the word I used. Now what exists at the end of that round ?? 78% customers end up feeling bad, 60% "Near-hits" must be smarting real bad. Also, I guess Zerodha is hurting too, whether they admit it or not. Looking back, Zerodha will find that I was perhaps the only one who thought of it from the vendor's point of view. Whether or not the community has benefited from team zerodha's experience as super traders (as they make a point to mention time and again), but zerodha has certainly gained from my experience as a retailer.
My dear Timepass, this is not begging, this is a Firm DEMAND, as they are overcharging us. For this specific reason, I have brought down my trading with them drastically, after opening an account with RKSV. I am with RKSV from the day they announced 230 rs per crore of transaction charges compared to 490 per crore by zerodha.
This is not begging, this is called leaving one broker for another, but wanting to come back, if the transaction charges are brought down to NORMAL levels
Even they have NOW, everything is the same, but would still prefer to be with Zerodha, because of their service. But for that, I cant pay 260 rs per crore extra, being a high volume trader.
The other main reason I would shift back to zerodha if they reduce the trnx charges is their Stamp Duty. That combined with reasonable trnx charges would be a good combination for me. Till that time, RKSV it is!
I think Zerodha will be mighty reluctant to pare down the transaction charges significantly. It is their "raison d'etre". I think they need an "out" without touching the transaction charges, as far as possible. So, it'd be interesting to see how they play the choice between a rock and a hard place. They have the technical advantage. If they come up with a combined platform for equities + F&O + currency + commodities, I think that the traders will love it. Moneywise, these very same traders were paying Rs. 100 per lot a year or so ago, and thought it was cheap.
If they were paying 100 rs a lot a year ago, then they were stupid.
Rkg was giving 9 rs per lot since a few years, and inspite of frequent issues as described by other, I have never faced a problem with their odin, leave alone a few times when the rates froze for maybe 10 odd seconds. But at that time, there was no other alternative, as Odin was a requirement for me, and no other broker was providing it with such reasonable bkg.
Rkg was giving 9 rs per lot since a few years, and inspite of frequent issues as described by other, I have never faced a problem with their odin, leave alone a few times when the rates froze for maybe 10 odd seconds. But at that time, there was no other alternative, as Odin was a requirement for me, and no other broker was providing it with such reasonable bkg.
Who are we to judge people for their intelligence (/stupidity 
level ?? One fellow may find a 100rs shirt adequate for covering his skin, another one may go for a rs. 1000 shirt.. and both of them may consider it a necessity. whatever, individual choice.
For a trader, it may be worth paying 10 times more for a broker who offers a good charting service.
level ?? One fellow may find a 100rs shirt adequate for covering his skin, another one may go for a rs. 1000 shirt.. and both of them may consider it a necessity. whatever, individual choice.For a trader, it may be worth paying 10 times more for a broker who offers a good charting service.
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