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soft_trader

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@ Zerodha,

At the time of logging into htps://trade.zerodha.com after entering the password, it has two options, MCX (In Lots) & MCX (In weights).

What are the differences between these two options?
 
i am currently moved out of india on work so neither i can maintain any indian bank accounts nor zerodha doesnt accept NRI/NRO accounts like rkglobal :rolleyes:sad i may have to move all my delivery shares to another broker now.
 

Zerodha

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Please reduce the dp charges for penny stocks (< 5 Rs.)
Hi Doshi,

The DP charges are already reduced to Rs 8 plus NSDL charges. Together comes to around 13.. This is fixed and no % charges like a lot of others do.. This charge is probably on the lower end of what is charged by other brokers int the country...

As you know, we don't charge anything separate for penny stocks and with BSE being introduced you should be able to trade all penny stocks soon...
 

Zerodha

Well-Known Member
@ Zerodha,

At the time of logging into htps://trade.zerodha.com after entering the password, it has two options, MCX (In Lots) & MCX (In weights).

What are the differences between these two options?
When you place orders, the order window will show quantity, in commodities you have an option where you can chose how you want to see it...

For eg, if you are trading mini gold, if you choose lots, it will show you 1, whereas if you choose weights, it will show you as 100gm..

Advisable to keep it in lots, much more simple to understand..
 
When you place orders, the order window will show quantity, in commodities you have an option where you can chose how you want to see it...

For eg, if you are trading mini gold, if you choose lots, it will show you 1, whereas if you choose weights, it will show you as 100gm..

Advisable to keep it in lots, much more simple to understand..
That way zerodha cant give you 75 grams instead of 100 grams :D
 

Zerodha

Well-Known Member
i am currently moved out of india on work so neither i can maintain any indian bank accounts nor zerodha doesnt accept NRI/NRO accounts like rkglobal :rolleyes:sad i may have to move all my delivery shares to another broker now.
For NRI/NRO, SEBI has suddenly gotten very strict on the regulatory aspect of it.. We had some issues with HDFC, with whom we had a tie up for the PIS accounts..

The issue is, if you are an NRI, any money that comes into the market has to be routed through your PIS Bank account,

So assume you want to invest Rs 1lk, HDFC suddenly informed that the money from your bank account can be transferred to the trading account only at the end of the day after the bill is sent to the bank..

What happens if a client buys stock for 1lk and sees the market dip and withdraws money from his NRI account?? It is a big risk management issue..

By brining this rule, SEBI has almost made it mandatory that the banks to be the only brokers who can serve NRI/NRO clients( like hdfc sec, icici sec) etc..

We are trying to tie up either of these banks such a way that, the money in the bank account is blocked instantly the shares are bought.. Sharekhan has a similar tie up with HDFC... Once done, we will start catering to NRI clients again...
 
Zerodha

Order qty is two lots eachtime but in contract note it is consider as one by one. ref trade book shows 31 no of trades but ECN says 38 trades.

How it will happen???
 
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