Zerodha....

[timepass]

Re: 60 day challenge.

See Boss You must understand that htey are here to do business and not for charity.

One You dont have a broker present in the country with such less brokerage.
Not necessarily. Depending on your trading style, there may be others. Check the broker comparison threads on TJ.

Second the service offered is best of class

Then 24X7 support
No. It is not 24 hours support. Also, I don't think they are available on trading holidays.


Then they are returning your brokerage

(which btw is their sole source of income if u havent realised) Wrong.

Then u want them to reward you as well
Wrong. Zerodha wants to reward their customers.


Put yourself in their shoes.

I just dont understand the mindset some people have.

comments in the quote above.

 

[binnijatt]

Hello sir
was looking for cheap and reliable broker on i net i came here read this thread
and i am impressed so would like to open ac account with zerodha

My question is one of my friends who is works with indusind bank adviced me to buy nifty bees daily as best form of investment

since 2008 i am buying them and the price of holding is 40 L at todays value now since the market is not moving , same friend adviced me to sell long term calls on nifty

Now sir can i do it with you my present broker ICICI Sec charges too much for selling options

Can you explain how margin for selling works at zerodha as at ICICI i dont have to pay anything other then brokerage to sell these calls which it self is a disaster

THANK YOU
BINNI SANDHU

 

[hc9001]

Actually a broker-client relationship is a give and take relation always.
Zerodha have undoubtedly best customer care & their own terminal Zerodha Trader has potential for advance facility in coming days. Thats why most of us don't complain about small issues like back office etc.

But, they must think of some upper capped brokerages per month say Rs 5000 (not in advance) or returning some brokerages through some reward system. Bcoz some of clients would pay more than 7000/8000 brokerages per month even with Rs 20/leg when they frequently trade in both segment [NSE & MCX]. Or a MT5 terminal [for charting]. Anything rewarding...
PS:-
Reward or no reward never think of quitting Zerodha. Cheers.
------------

To, Zerodha or all fellow traders,

Is there any option in Income Tax for deduction of our Trading Setup Maintenance cost like PC maintenance, Cost of Live Data Feed, Internet etc?
Someone informed me, there is deduction in IT with max limit Rs 25,000 /Yr. Can anybody confirm this? This can help lot of Trederji members here who don't aware of it.
Waiting for +ve Reply..

 

[Zerodha]

Hi, Sachin, I need to send you some pics. Can you please mention your email address here?

Hi,

You can email it to [email protected] and also put a c.c to [email protected], with my subject on it...

 

[Zerodha]

Can someone from Zerodha please explain why the STT for Equity Delivery and TTC for Options is so high?

STT for equity delivery is pretty high, it has been reduced by the govt this budget to 0.1% from July 2nd onwards..

For options, the transaction charges are based on premium turnover and not the contract turnover.. it is Rs 8000/crore of premium turnover.. For eg, if you buy and sell 1 lot of nifty options at a premium of Rs 50, your turnover is Rs 5000..transaction charge would be around Rs 4..

 

[Zerodha]

Re: 60 day challenge.

I have been a silent member of this thread. I have not received my brokerage refund yet for Feb 15 to May 15 2012 even after writing to them 3-4 times.

Hi Tech,

Can you send an email to [email protected] with my name in the subject and your client id.. All payouts for people who are up on the challenge have been made.. If it is not paid, then there must be some confusion.. Shoot the email, we will check and call back...

 

[Zerodha]

Hello sir
was looking for cheap and reliable broker on i net i came here read this thread
and i am impressed so would like to open ac account with zerodha

My question is one of my friends who is works with indusind bank adviced me to buy nifty bees daily as best form of investment

since 2008 i am buying them and the price of holding is 40 L at todays value now since the market is not moving , same friend adviced me to sell long term calls on nifty

Now sir can i do it with you my present broker ICICI Sec charges too much for selling options

Can you explain how margin for selling works at zerodha as at ICICI i dont have to pay anything other then brokerage to sell these calls which it self is a disaster

THANK YOU
BINNI SANDHU

Hi Binni,

Yes you can give your nifty bees as margin to write some out of the many calls..

As of today, if you are pledging the shares, it has to be done manually, we presently don't have an interface like icici where you can online pledge shares..

When I say manually, you need to give us a request to pledge your shares..

Once pledged, you can use the margin to write the nifty options.. That said, you need to ensure that there is some cash component also available to cover your mtm risks.. Today we ask you for 30% of the required margin in cash..

So for eg, if to write 1 lot of 6000 Dec calls the margin required is 25k, 17.5k can be used from the margin got by pledging and the rest 7.5k has to be present in cash..

 

[Zerodha]

Guys,

The next challenge/Competition may take a few more days. We are presently working hard to fix the other small issues like not having multiexchange on one platform, etc etc...

Once this is done, we will definitely look at this...

As far as the platform is concerned, Zerodha Trader would be our platform and whatever is allowed by NSE will be incorporated..

 

[VJAY]

Dear Zerodha,
For intraday trading in commodities (crude,goldM,copperM) how much margin required?

 

[soft_trader]

Dear Zerodha,
For intraday trading in commodities (crude,goldM,copperM) how much margin required?

50% required for intraday.