Zerodha....

[Zerodha]

The setup we have with NEST is on the same lines of reliance money, edelweiss and so many so called established brokers..

Some of the guys in this list even charge a fee for giving you the software and also charge you 70 bucks for 1 lot of options. It was a huge challenge for us to get the technology up and still be able to do it at our pricing and not charging you all anything for the software.

A lot of you probably don't appreciate it, but we are slogging our butt on this.. As I had mentioned earlier, most of you on this forum are educated about the platforms available in the market, but you probably form only 1% of the trading community. The 99% still need some hand holding. Whatever we do has to be done keeping in mind everyone who trades with us.

 

[Zerodha]

As far as BSE trading goes, everyone will get 1 month of free trading on BSE from the day they migrate to the new platform and not from Sept 3rd..

 

[Zerodha]

Hello Zerodha,

I have not yet opened a commodity account with you. So, if I migrate to Nest Trader, will I be able to trade commodities with you ? Or do I have to first open an MCX account ?

You will have to open an MCX account before you start trading on commodities..
the forms are available on our website....

Phew!!!!!! I am already tired and my clock shows 12.19pm.. Demoralizing way to begin the day.. :fatigue::fatigue::fatigue::fatigue::fatigue::fatigue::fatigue::fatigue::fatigue:

 

[mprakash1972]

zerodha,
thanks for the clarification about bse trading .
regards,
m prakash

 

[newbie12345]

Sigh, I don't understand the logic behind calling Zerodha fraudsters just because they aren't willing/don't have a system in place where in they can provide margins against equities.

Sounds more like a case of sour grapes where one wants to cash in on their low brokerage model without having to bring in one extra naya paisa. What's more, people who bring in their own hard earned money to the table are labelled as chutiyas. Wah bhai, ye bhi khoob rahi!

FYI, I had to pay my Sharekhan AMC charges through netbanking. The bill wasn't sent on time. I was asked to pay a penalty on it. Whats worse, Sharekhan offices do not accept cheques/cash as there is one quite close to my place. And no, Sharekhan did not deduct money towards AMC charges from my margin money despite their being sufficient cash to cover the same.

As far as I remember, till Sept. 2011 or so, RKG did not provide any intraday margins to trade in F&O like Zerodha. I closed my account around that time. Don't know the current status though.

I for one do not rely on ANY trading platform in India for charting. I use Amibroker and sometimes fall back on Metatrader to track Commodities. For one, ALL platforms are equally bloated.

My only wishlist from Zerodha?

1. Transaction charges that are at par with RKSV.

2. Ensure the stability of the platform. Please do not compromise it to suit the charting needs of a few. Order execution and quote rates are more important than the ONLY one chart ruining it all.

I am quite tempted to open an account with RKSV to test a certain strategy which I know would work out to be far cheaper than Zerodha on a Month-on-Month basis.

 

[my investment]

Sigh, I don't understand the logic behind calling Zerodha fraudsters just because they aren't willing/don't have a system in place where in they can provide margins against equities.

Sounds more like a case of sour grapes where one wants to cash in on their low brokerage model without having to bring in one extra naya paisa. What's more, people who bring in their own hard earned money to the table are labelled as chutiyas. Wah bhai, ye bhi khoob rahi!

First of all if you are refering to me in my 25 - 50 post about margins never ever once i called them Fraudsters Its your thoughts what you pen down

Secondly now coming to margin and naya paisa i pity your childish reply i was about to bring in not naya paisa but probably a few crores

Now we trade like a business here where we invest huge amount of money
and our full time effort and mean business i am not lucky like most of you getting salary from the company and trading for extra change

Now after bringing in so much money and effort i just asked them to provide me what all other brokers provide not asking any specific favor

And yes you are what word you have referred to your self in the post above
I don't even like to write such worlds in my posts :clap:

one more thing you are satisfied with them because you get what you want so i expect i will also be satisfied when i get what i want it can be a case of sour grapes if i want some thing which is not the norm some thing outside the preview of rules

 

[soft_trader]

Zerodha has over 15K clients.

And they are shifting 100 accounts daily to Zerodha trader. So it will take 150 working days to shift all to Zerodha trader.:lol:
At this rate it will take at least 6 months for them to migrate all clients to the new platform.

Sent a mail to them requesting to migrate my account ASAP. Got a reply "We will be shifting our existing clients to Zerodha Trader in batches. We shall keep you updated once your trading account is migrated to the new platform"

 

[futures]

I would also agree with one of the posters here about stable exection platform.

I am just looking for a stable execution platform with decent brokerage(yes Zerodha's turnover cost is an issue still)..I use esignal for charting..so no complaints there..

I guess Zerodha should focus on stable platform with efficient brokerage rather than enticing/offering people with AB/MS plugins and automation stuff..i am just a happy camper here..By the way, automation is serious stuff and i hope against hope that Zerodha is doing their due diligence in testing it completely..

I was involved with Tradestation automation in US for almost 4 years now and one goof up by TS when i was in a soybeans trade nailed me...lost a big chunk..so, automation is not a simple thing!! Oh, did i tell you that for automation, you need dedicated internet (i use a dedicated server for it)..with India's internet conditions, i doubt if it's going to be really useful for anybody here..

Well, as someone else said - " i would be also strive to be the last person to get into their own platform"..IMHO, nimble execution is far more important than bloated charting stuff...

 

[prabit]

Zerodha has over 15K clients.

And they are shifting 100 accounts daily to Zerodha trader. So it will take 150 working days to shift all to Zerodha trader.:lol:
At this rate it will take at least 6 months for them to migrate all clients to the new platform.

Sent a mail to them requesting to migrate my account ASAP. Got a reply "We will be shifting our existing clients to ‘Zerodha Trader’ in batches. We shall keep you updated once your trading account is migrated to the new platform"

I only hope logically that they will speed up from 100 to 300 or more per day, since after 3 days it will be a routine job and speed will increase automatically and by 300 per day they will complete in 2 months. And by that time other things also stabilise. For me traders should not hurry and have lot of patience and I am practicing that.

 

[shekharinvest]

Zerodha has over 15K clients.

And they are shifting 100 accounts daily to Zerodha trader. So it will take 150 working days to shift all to Zerodha trader.:lol:
At this rate it will take at least 6 months for them to migrate all clients to the new platform.

Sent a mail to them requesting to migrate my account ASAP. Got a reply "We will be shifting our existing clients to Zerodha Trader in batches. We shall keep you updated once your trading account is migrated to the new platform"

If all the 15k traders sent the mail to expedite, they will need another 150 days to read them all and then after prioritizing, they will shift to new platform. It will take a hell of lot time