Zerodha....

[supaTrade]

Which in turn is charged by broker to client as "Transaction charges". See your contract note, all brokers have it.

nse does not charge brokerage, but some transaction fee etc...

 

[megapixel]

Hi Zerodha,

Could you please reply to my post:

http://www.traderji.com/brokers-trading-platforms/47790-zerodha-894.html#post691735

 

[age_of_turbulence]

One thing I'm yet to read a straight answer from Zerodha on, is what's with these extremely high transaction charges? Why are they so high? Can you categorically confirm that these are 100% pass through charges and that you don't make any money on the transaction charges itself? It almost seems like we're paying a hidden percentage + fixed brokerage by virtue of transaction charges.

I may have missed a straight answer to that simple question, but it was raised previously and I didn't spot an answer. Also, what is the future course of transaction charges & why are they different from broker to broker? Can you give us some guidelines & info to understand what's going on with these charges?

Thanks

 

[mrkanitkar]

One thing I'm yet to read a straight answer from Zerodha on, is what's with these extremely high transaction charges? Why are they so high? Can you categorically confirm that these are 100% pass through charges and that you don't make any money on the transaction charges itself? It almost seems like we're paying a hidden percentage + fixed brokerage by virtue of transaction charges.

I may have missed a straight answer to that simple question, but it was raised previously and I didn't spot an answer. Also, what is the future course of transaction charges & why are they different from broker to broker? Can you give us some guidelines & info to understand what's going on with these charges?

Thanks

My guess is this charge is from IL&FS to Zerodha. Zerodha is very similar to virgin mobile in India. In case of virgin mobile backbone is TATA Indicom. I think Zerodha's backbone is IL&FS. IL&FS sold it's brokerage business to HSBC in 2008 but continued depository business. I think IL&FS offers model where you can be frontend and backbone will be provided by IL& FS. The backbone may include providing margins etc. I don't think Zerodha making anything out of transaction charges, it goes to IL&FS. As broker you need to maintain huge margins for liquidity for Futures terminals. The used and unused margins will cost some interest for sure. I think Zerodha or any discount broker's core business is not brokerage. I think core business is to run prop. desk and save brokerage (you being broker) and then recover operation cost of running prop desk from brokerage business profits. I am sure they make good profits in prop desk but brokerage business may be helping to run prop desk at very low cost or free.
------Note: This is pure speculation from my side, I may be wrong---

 

[columbus]

Hi Zerodha,

I have two queries . Could you please reply to these queries ?

(Q1) How do I view past orders with their status ?

I would like to view all orders with their status ( cancelled , rejected , completed etc) within a specified date range .
Although I find an Order History menu in nowonline and in NOW desktop but they show no orders.



(Q2) I want to run a report to find gain/loss of my trades for NSE Equities segment.

This report will be helpful for income tax capital gain. However , I don't find any such suitable report generation menu for this in your backoffice. How do you generate such reports ?

Please guide.

After entering ZERODHA back office,you will find SUB MENUs under "WELCOME
TO ZERODHA" (Left side of the screen).
Clink on appropiate button button ,...My Accounts,NSE equity,NSE F&O ,....etc, you will get the desired result.

 

[Zerodha]

Hi Zerodha,

I have two queries . Could you please reply to these queries ?

(Q1) How do I view past orders with their status ?

I would like to view all orders with their status ( cancelled , rejected , completed etc) within a specified date range .
Although I find an Order History menu in nowonline and in NOW desktop but they show no orders.



(Q2) I want to run a report to find gain/loss of my trades for NSE Equities segment.

This report will be helpful for income tax capital gain. However , I don't find any such suitable report generation menu for this in your backoffice. How do you generate such reports ?

Please guide.

Hi Mega,

The trading platform will show only today's orders and not historical data.. For this you need to login to backoffice and look for order book and trade book.. Mention your dates and it will show all your orders.. If you are looking at finding orders for the last financial year, make sure to change the financial year details...

We have a profit loss statement for f&o, for equity we have a report called client volume analysis, this will show you the average buy and average sell for all the scrips you have traded for a particular period.. This can be used for generating profit/loss...

 

[Zerodha]

anybody know how to fix admin position permanently (as a fix bar) on terminal desktop like msg window in zerodha/nest trader.

called them, but reply not possible. anybody know how to make it possible?

.

For now it might be not possible.. But we are going to be giving multiple templates, you can choose which you like.. We intend to have admin position as a fixed window on one of the templates..

 

[Zerodha]

I have pure cash in my account and I cant use it because when ever good opportunity, Zerodha block the margin trading, so why they will allow trading against shares as margin. My last post also not replied by zerodha, its mean they are not interested in near future also.

Hi J,

Would you want your broker to be safe or aggressive.. Nifty tanked only 100 points, what if it had done 300 points??

So a client having 1lk in the account would have lost 1.5lks, making the account go 50k in debit.. What if a lot of clients were long?? These are the situations that get brokers in trouble..

The way the Open interest shot up and the very bad liquidity in the markets could have caused havoc, if globally any bad news had come out during the weekend, this would have compounded the RBI news effect....

Yes it is very important for us to have all of you as our clients, but we can't compromise on risk management.. Please do understand that every time we reduce leverage, we take a bigger hit, because the trading volume comes down.. But it always better to be safe than sorry..

 

[vikrit]

My guess is this charge is from IL&FS to Zerodha. Zerodha is very similar to virgin mobile in India. In case of virgin mobile backbone is TATA Indicom. I think Zerodha's backbone is IL&FS. IL&FS sold it's brokerage business to HSBC in 2008 but continued depository business. I think IL&FS offers model where you can be frontend and backbone will be provided by IL& FS. The backbone may include providing margins etc. I don't think Zerodha making anything out of transaction charges, it goes to IL&FS. As broker you need to maintain huge margins for liquidity for Futures terminals. The used and unused margins will cost some interest for sure. I think Zerodha or any discount broker's core business is not brokerage. I think core business is to run prop. desk and save brokerage (you being broker) and then recover operation cost of running prop desk from brokerage business profits. I am sure they make good profits in prop desk but brokerage business may be helping to run prop desk at very low cost or free.
------Note: This is pure speculation from my side, I may be wrong---

many brokers use IL&FS as clearing. RKSV also use IL&FS, but RKSV charge much less than what zerodha charge. they are earning hidden in these that that's why didn't mention details of these transaction charges in their forms, which according to me is against rules.

 

[newbie12345]

Capital markets - 3 to 3.25 per lakh each side(Buy/Sell)

F&O - 1.75 to 1.9 per lakh each side(Buy/Sell)

Maybe rates have been revised. Considering Zerodha does more than 15,000 crores per month in F&O, going by the NSE circular, it should cost them about 1.75 per lakh, each side. I hope someone can correct me if I'm wrong. I was told that transaction charges are where most brokerages make a killing. Since I am not aware of the actual fee's Zerodha pays towards transaction charges, am not implying that we are being overcharged by them. Given that my brokerage has been cut to a mere 5 percent of what I was paying initially, am more than happy for now.

The membership fee's as listed on the website NSE Membership Fees