Zerodha....
- Thread starter bharath.mang
- Start date
- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
- Status
Hi Vijay,
If we receive it before 6pm, I will make sure we open the trading account immediately and you could start trading from friday, have an image we need to keep up on traderji
...
As far as your query is concerned:
Every future contract(index and stock) margin has 2components to it:
1. SPAN margin(min margin which exchange requires the broker to keep for 1 lot if the position is held overnight)
2. Exposure margin(margin that is kept over the SPAN margin to take care of all the volatility in the markets)
Total margin for overnight= SPAN + Exposure
If you are trading intraday(for both stock and index futures) you need to have only 50% of the SPAN margin.
If you want to keep it overnight(3.10pm onwards is the square off times) you need to bring in the total margin.
For eg, Nifty SPAN is 21000 and exposure is around 10, total margin for overnight is 31000. If you want to do intraday , margin is around 10500(50% of 21000) and if you want to carry overnight it is 31000. The same rule applies for stock futures also.
Cheers..
If we receive it before 6pm, I will make sure we open the trading account immediately and you could start trading from friday, have an image we need to keep up on traderji
...As far as your query is concerned:
Every future contract(index and stock) margin has 2components to it:
1. SPAN margin(min margin which exchange requires the broker to keep for 1 lot if the position is held overnight)
2. Exposure margin(margin that is kept over the SPAN margin to take care of all the volatility in the markets)
Total margin for overnight= SPAN + Exposure
If you are trading intraday(for both stock and index futures) you need to have only 50% of the SPAN margin.
If you want to keep it overnight(3.10pm onwards is the square off times) you need to bring in the total margin.
For eg, Nifty SPAN is 21000 and exposure is around 10, total margin for overnight is 31000. If you want to do intraday , margin is around 10500(50% of 21000) and if you want to carry overnight it is 31000. The same rule applies for stock futures also.
Cheers..
On the taxes bit, STT and SEBI charges are uniform for all brokers... NSE transaction charges and the clearing charges varies from brokers based on the volume
Uploaded with ImageShack.us
I am not a pro in trading because i started trading since past few months and i only have one trading a/c as of now and the second one would be @ zerodha.
I want to know that why my current broker would not reflect the same charges on trade as zerodha ? As i will be dealing in same security from same exchange. My current broker charges me 0.03% on futures (one side).
I know that if i increase my volume i will definitely have advantage over my current cost unless i am being charged 0.01% brokerage but still i was expecting to find difference in the brokerage column and not the taxes column !
I have explained the same thing in detail, if you can just go a few pages behind...We are operating a totally different business model, we are staying online, working at really low costs and passing the benefits of doing that to our clients... In turn we feel if cost of trading is really less, a client can stay long enough in the game to figure out a right trading strategy and profit once the strategy is in place... Cheers..
Uploaded with ImageShack.us
I am not a pro in trading because i started trading since past few months and i only have one trading a/c as of now and the second one would be @ zerodha.
I want to know that why my current broker would not reflect the same charges on trade as zerodha ? As i will be dealing in same security from same exchange. My current broker charges me 0.03% on futures (one side).
I know that if i increase my volume i will definitely have advantage over my current cost unless i am being charged 0.01% brokerage but still i was expecting to find difference in the brokerage column and not the taxes column !
I have explained the same thing in detail, if you can just go a few pages behind...We are operating a totally different business model, we are staying online, working at really low costs and passing the benefits of doing that to our clients... In turn we feel if cost of trading is really less, a client can stay long enough in the game to figure out a right trading strategy and profit once the strategy is in place... Cheers..
Hi, Have explained all this in the previous sheets... Why don't you mail me your email id and I will send you our brokerage calculator.. You have to mention the quantity and the price, this will tell you the exact charges for everything else...
Send your email id to [email protected]
Cheers...
Send your email id to [email protected]
Cheers...
- Status
