Zerodha....

[adityasaraf007]

Hi Sachin/Zerodha.... You type/write so much..... Most probably you use a QWERTY keyboard layout.... Would suggest you to give a try to Colemak..... Have a look at this article..... Also go through the comments below the article to clear some of the doubts that would arise.... Even I am thinking about giving it a try....

@Vikrit.... I would also suggest you to give that layout a try..... You have also become renowned for typing lengthy posts...

Colemak would help your fingers last long, really long....

 

[Lambuking]

I went through the threads here... I am surprised at the amount of time people spend typing stuff ... So I am typing some more giving my two cents....
1) Yes.. All Indian platforms are shitty...including Sharekhan TT. TT is better than most but still shitty.
2) The Only reason we are with Zerodha is because of Low brokerage. Platform is decent enough. I don't ***** about features ,then I also don't ***** about low cost airlines not providing me meals or onboard entertainment system
3)MT4 is a great platform for charting. Not because of developers but becuase of the fact that they made it easy for anyone to make their own script and run it. That's what makes it great.
4) For Zerodha: Don't worry about Client loosing their shirts in the market. It is their shirt and they have every right to loose it ). People using insane leverage to get wiped out are not trading they are gambling but it is their money. To each his own. Please don't try to educate people. They usually resent you for that... Just keep providing a trading platform with fixed brokergae.. and all is well atleast in my universe )
5) To all Traders... Keep trading and Keep Bitching... By our continuos bitching we have got now 2 Low cost brokers.. who knows one day we might get a Low Cost Full feature broker... ). BTW it costs 25000$ as deposit to get a exe based software from Reputed US Broker. Till then you have to make do with Web based versions...

And if you get angry after reading this don't blame me blame the bloody market... its sleeping

 

[Sunny1]

I went through the threads here... I am surprised at the amount of time people spend typing stuff ... So I am typing some more giving ny two cents....
1) Yes.. All Indian platforms are shitty...including Sharekhan TT. TT is better than most but still shitty.
2) The Only reason we are with Zerodha is because of Low brokerage. Platform is decent enough. I don't ***** about features then I also don't ***** about low cost airlines not providing me meals or onboard entertainment system
3)MT4 is a great platform for charting. Not because of developers but becuase of the fact that they made it easy for anyone to make their own script and run it. That's what makes it great.
4) For Zerodha: Don't worry about Client loosing their shirts in the market. It is their shirt and they have every right to loose it ). People using insane leverage to get wiped out are not trading they are gambling but it their money. To each its own. Please don't try to educate people. They usually resent you for that... Just keep providing a trading platform with fixed brokergae.. and all is well atleast in my universe )
5) To all Traders... Keep trading and Keep Bitching... By our continuos bitching we have got now 2 Low cost brokers.. who knows one day we might get a Low Cost Full feature broker... ). BTW it costs 25000$ as deposit to get a exe based software from Reputed US Broker. Till then you have to make do with Web based versions...

And if you get angry after reading this don't blame me blame the bloody market... its sleeping

:lol::rofl::lol:

Of course blame the markets

 

[Zerodha]

Poor guy was only asking that if he deposit 4 to 5 lakhs rupees with you, if that money is safe. Instead of giving straight forward answer in no or yes, you have given a long sermon. Question is if your RMS system is so full-proof as you boast of many times, why don't you say by thumping your chest that no need to worry about 4 to 5 lakhs even 40 to 50 lakh of rupees are absolutely safe with us. Do you have a doubt about your own RMS system.Very next question arise that if you can not give guarantee about safety of 4 to 5 lakhs rupees with you how can you expect one can benefit from your brokerage model ( for trading 10 lots of nifty in a single order, margin needed is rs 2.7 lakhs and if you put a simultaneous S/L and target order then margin required will be around 4 lakhs) or your brokerage model is only for option trader ( by keeping 40 to 50 thousand one can trade in 10 lots of option).
What is most funny and amazing that instead of giving straight forward assurance to a genuine concern, you are finding faults of others. It is like saying that i can not guarantee about safety of your fund but some day if i pull down my shutter, NSE investor protection fund is there.

The reason I gave that answer was because he asked is it safe if we charge less, that is why the lengthy answer...

:gunsmilie: that was the closest smiley I had to thumping chest... So with thumping chest, there is no issue with you having 4 to 5lk, 40 to 50lks , 4 to 5 cr or 40 to 50 cr.. We have a hedge fund trading, who have upwards of 100 cr...

I seem to be touching a lot of people on the wrong side, I think should be quiet for a while..

 

[Zerodha]

Hi Sachin/Zerodha.... You type/write so much..... Most probably you use a QWERTY keyboard layout.... Would suggest you to give a try to Colemak..... Have a look at this article..... Also go through the comments below the article to clear some of the doubts that would arise.... Even I am thinking about giving it a try....

@Vikrit.... I would also suggest you to give that layout a try..... You have also become renowned for typing lengthy posts...

Colemak would help your fingers last long, really long....

:lol::rofl: ... The spill over of answering on this forum is that I have unbelievable typing speed.. When I type people watch me.. .. .Thanks to traderji...

 

[Zerodha]

4) For Zerodha: Don't worry about Client loosing their shirts in the market. It is their shirt and they have every right to loose it ). People using insane leverage to get wiped out are not trading they are gambling but it their money. To each its own. Please don't try to educate people. They usually resent you for that... Just keep providing a trading platform with fixed brokergae.. and all is well atleast in my universe )

And if you get angry after reading this don't blame me blame the bloody market... its sleeping

:clapping: Lesson learnt!!

Of late my posts have been a little preachy.. ..The reason being, I am usually posting when traveling, hence have a lot more time on hand... Just realized after reading your post.. Now I know why there has been so many arguments I have been getting into on this forum.. Makes it interesting for people to read, improves my typing speed, increases the website hits for this forum, but I suppose that's about it... ..

So I am going to shut up and be to the point from now...

 

[comm4300]

:clapping: Lesson learnt!!

Of late my posts have been a little preachy.. ..The reason being, I am usually posting when traveling, hence have a lot more time on hand... Just realized after reading your post.. Now I know why there has been so many arguments I have been getting into on this forum.. Makes it interesting for people to read, improves my typing speed, increases the website hits for this forum, but I suppose that's about it... ..

So I am going to shut up and be to the point from now...

Its about time you built a FAQ section and posted links!

 

[VICKKY]

The reason I gave that answer was because he asked is it safe if we charge less, that is why the lengthy answer...

:gunsmilie: that was the closest smiley I had to thumping chest... So with thumping chest, there is no issue with you having 4 to 5lk, 40 to 50lks , 4 to 5 cr or 40 to 50 cr.. We have a hedge fund trading, who have upwards of 100 cr...

I seem to be touching a lot of people on the wrong side, I think should be quiet for a while..

Most of the people to whom you are touching on the wrong side either your customers or prospective customers. Being assertive is good but Being assertive with all the humility & humbleness is best and carrying all the time holier-than-thou attitude is worst.

 

[starzz]

:clapping: Lesson learnt!!

Of late my posts have been a little preachy.. ..The reason being, I am usually posting when traveling, hence have a lot more time on hand... Just realized after reading your post.. Now I know why there has been so many arguments I have been getting into on this forum.. Makes it interesting for people to read, improves my typing speed, increases the website hits for this forum, but I suppose that's about it... ..

So I am going to shut up and be to the point from now...

Zerodha,

Please help me with my new problem...

My SL orders are not getting executed. I am having "trigger price" set at distance of 25 paisa from the "price". Is this the problem? Will the problem be solved if this 25 paisa is increased?If yes, what will be an ideal difference between the "trigger price" and the "price"?

e.g, for SBI buy SL order-> trigger set at 2215 price at 2215.25....price passes across the order...order remains unexecuted.

For a SL order,if we place the "trigger price" field very close to the "price" field,can my order remain unexecuted if price moves too fast across my order?

 

[age_of_turbulence]

@vikrit, can you pm me your client id, I would want to see what issues you are facing with Zerodha Trader, I definitely can fix it for you.. We have more than 1000 clients who are trading with us on commodities using Z trader and we hardly ever get any complaints.. Even if there is an issue, we can resolve it for you...

So if you wish for me to have a look and fix it please leave me your client id..

@everyone else, who is comparing trading platforms to MT4 and etc, let me tell you something which will be an eye opener!! I have held this back till now because a lot of you here might be trading on these platforms...

Most of the platforms which require you to transfer money abroad and then let you trade on EURUSD's, international indices, metals etc are supposedly spread betting platforms or also called CFD's(Contract for difference)..

Basically what is supposed to happen is, when you buy a particular contract on their platform, they in turn are supposed to take the same view in the underlying exchange, their profit is based on the spread between the contract on their platform and in the underlying exchange..

A lot of these firms are based out of mauritius, UK, Portugal, Spain etc, because these are the only places where spread betting platforms are legal..

Now to the most interesting part of the story...Do these platforms really take a position in the underlying market?? No!! In the sense they are just being the opposite side to every trade you put and betting on the fact that you will loose all the money...

How do you guarantee a trader loses money in the market?? Just give him insane leverage and inevitably he will burn out if not today then tomorrow...

That is what these platforms do.. They provide you 100 to 500 times leverage, give a platform where you think that you are trading on an exchange... None of these softwares are exchange approved, basically it is the same platform which different companies white label and sell it.. You would be very surprised to know that the top 3 such platforms are run by a keralite sitting in Dubai.. He just brands them separately and runs it... They even say things like you put 1000 bucks and they will put another 1000 bucks on your behalf, coz they know that eventually you will lose it all to them...

Why am I telling you all of this??

That platform MT4 or other variants of that are not real trading platforms.. If an order is placed on that, it doesn't have to go to an underlying exchange and get a confirmation and reconcile and etc... It is basically a fancy video game designed by a proficient programmer.. They can add or remove whichever features without any exchange approvals.. So, please don't compare these platforms which are illegal and are basically just demo's(even if you put real money into it) to platforms which have to communicate with exchange for quotes, orders, trades etc...

The crazy thing about these guys running this business is, today if you make money in India which is white you have to pay 33% taxes.. If you make it black, big businesses have to hawala it abroad to spend it... The crazy thing about this business is that you yourself send the money abroad where the firms most likely don't have to pay any tax and can spend it.. RBI has gotten very strict and it may not be too long before RBI comes and says money can't be gotten back into the country which was sent this way and ban money going out like this completely... For all those doing it, please stop it...

About NOW, as all of you know it is not under our control. We talk to NSE IT team everyday with any issue that you forward to us... Today a lot of brokers are switching to NOW and this is pressurizing the systems.. We are told by their IT team that they are ramping up.. For those who are telling that I keep quiet, I just can't keep answering the same thing every page on this thread...

Zerodha Trader is our answer to this.. We have been getting very good reviews from most of our clients except for a few in between.. If there is an issue it can be fixed, because this is under our control.. A lot of big brokers today are either with Omnesys for NEST or FT for ODIN.. These are the only two major companies licensed to vend trading platforms... There are 2 or 3 smaller players as well...

If you are expecting an interactive brokers platform with our brokerage model, hmmm.. I'd say it is not possible for now atleast... At Zerodha Trader we will give you a very stable platform with a good charting tool and some very interesting features like Pulse and also introduce automated trading which is affordable to all of you...

All of this with our brokerage model should be a winning proposition to a lot of you and that is what we believe at Zerodha... If someone thinks otherwise, as I said before it is freewill, you could always go ahead and do what seems right to you....

Zerodha Trader should be up with all exchanges on it, NSE , BSE and MCX by this month end... You will be able to use the same margins across exchanges.. This has gotten delayed for various reasons again which is out of our control, but we are trying our best to have it up at the earliest, because at the end of the day it is we who will be affected the most...

Happy trading guys, this week looks like a volatile one, trade safe...

Fair advice for certain people to stay away from CFDs - if your funds are subject to RBI regulations, there are problems with margin funding. Only cash based accounts are meant to be accepted.

However, for those of us that trade FOREX legally - I have to say, this post is pretty misleading. What broker-dealers do with their positions - frankly, isn't my concern, as long as i'm dealing with a reputed dealer regulated by FSA and as long as there is basic client segregation in place. Ultimately, if I get a good spread from my broker dealer, I'm not terribly worried.

Your post makes it sound like we're being duped by forex broker dealers. That's not really the case. If people misuse leverage, that's their fault. The facility of leverage itself is a good thing. Saving people from themselves isn't really the role of a broker-dealer.

Anyway, back to the actual point. MT4 as a charting and indeed trading platform - I'm not sure what the argument on the other side is.

NOW is a brutally dismal platform. I don't think I've seen anything before that's quite as dysfunctional. My points of reference - DIET (which isn't terrible), PIB (pretty good), Keat Pro (awful, but still considerably better than NOW). So I guess the question I would want to ask & I'd appreciate a reply to is:

What are Zerodha's plans in terms of trading platforms? While I appreciate the 20 Rs. brokerage, that is cancelled out to a degree by these very oddly high transaction charges. So, on balance, if the long awaited Zerodha trader isn't any better, I'm better of going back to another broker. I don't think trading software is something you should consider lightly.

Like I said, if you're looking to attract active traders - an Amibroker/Esignal/MS plugin is the sort of thing that would attract virtually every serious trader in India.