Zerodha....
- Thread starter bharath.mang
- Start date
- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
- Status
Whats wrong if Zerodha sticks to a tried and tested risk management system in place on a day when a lot of volatility is anticipated? RKGlobal refused to provide any leverage on Span margin even if you maintain about 2-3 Lakhs with them. Neither was the case with Way2Wealth. What I was promised however at Indiabulls is, they would give me twice the leverage on my margin money if I maintained a minimum of 1 lakh or above. What was stranger is they offered leverage to trade in options. Maybe the relationship manager was gassing but I didn't go with IB so I can't comment on their plans. So according to my RM, I could trade for Rs.3 lakhs if I had Rs.1 lakh in my account.
Margin for one lot of Nifty futures back then was about 30,000 and you needed to have that money in your account. There was no intraday leverage given like Zerodha. It was only sometime last year that RKGlobal offered to provide leverage IF the client so wished, and for that the client himself had go through some paperwork. Since I wasn't interested in any leverage, I refused outright. I closed my account with RKG sometime late last year.
For one winner, there could be 9 losers and if they all end up with a debit of 50,000 like Sachin said, Zerodhas outstanding dues would amount to 4,50,000. You don't expect the broker to cough up that kind of money from his own pocket. No prudent broker would want a situation where in he has to go after his clients to recover money. It has happened in the past. Lives were lost. Families destroyed. From what I can remember, Zerodha has demanded full margin only on three or four days in the last one year. What I have failed to understand is why should a broker take added risks on behalf of their traders? Don't we have enough examples to learn from ?
Margin for one lot of Nifty futures back then was about 30,000 and you needed to have that money in your account. There was no intraday leverage given like Zerodha. It was only sometime last year that RKGlobal offered to provide leverage IF the client so wished, and for that the client himself had go through some paperwork. Since I wasn't interested in any leverage, I refused outright. I closed my account with RKG sometime late last year.
For one winner, there could be 9 losers and if they all end up with a debit of 50,000 like Sachin said, Zerodhas outstanding dues would amount to 4,50,000. You don't expect the broker to cough up that kind of money from his own pocket. No prudent broker would want a situation where in he has to go after his clients to recover money. It has happened in the past. Lives were lost. Families destroyed. From what I can remember, Zerodha has demanded full margin only on three or four days in the last one year. What I have failed to understand is why should a broker take added risks on behalf of their traders? Don't we have enough examples to learn from ?
Thanks for the post. I already checked that part before posting here. That report is not proper.
That report mostly deal with volume analysis as the name truly suggests. Also there is no brokerage deductions in the values. This would be difficult to generate a profit/loss report on the basis of this. I'm not happy with this report.
Friends , those who might struggling with reports may try DirectShare software ...that software can generate report from any broker's contract notes (including zerodha).
However, I was expecting this feature from my favorite broker Zerodha.You know Its really important to get a profit/loss report and backoffice should be the right place to get this report. Its unfortunate that backoffice lacks this important feature for Equity segment.
You need to improve your backoffice a lot. Please put some effort on this.
Frankly speaking I don't feel like login into your backoffice ... ...its slow ..incompatible with other browsers other than IE....report generation takes long time ....blah blah ..full of issues.
That report mostly deal with volume analysis as the name truly suggests. Also there is no brokerage deductions in the values. This would be difficult to generate a profit/loss report on the basis of this. I'm not happy with this report.
Friends , those who might struggling with reports may try DirectShare software ...that software can generate report from any broker's contract notes (including zerodha).
However, I was expecting this feature from my favorite broker Zerodha.You know Its really important to get a profit/loss report and backoffice should be the right place to get this report. Its unfortunate that backoffice lacks this important feature for Equity segment.
You need to improve your backoffice a lot. Please put some effort on this.
Frankly speaking I don't feel like login into your backoffice ... ...its slow ..incompatible with other browsers other than IE....report generation takes long time ....blah blah ..full of issues.
Last edited:
- Status
