Zerodha....

[Zerodha]

Re: new cheapest broker is here. Zerodha

@ Zerodhaonline :

Wishing Zerodha all the best.
Zerodha, RK Global, Bezel, etc are already causing big brokers to worry.
Religare's recent advertisement says "Big is always better than Small. Always go with the big specially while riding the stock market."

Can you highlight what is the exact risk in dealing with small brokers ?

Presently I'm investing/trading equities with Sharekhan and trading FnO with RK Global. Interested in Zerodha for equities at 0.01% intraday & 0.1% Delivery.

Thanks...

The only real problem that can come with small brokers is:
A lot of small brokers to be one up on the big brokers get into giving excess leverage on overnight positions, allowing trading without any margin money and etc...It is good when market is on the way up, but when markets suddenly tank, they run the risk of some of their clients defaulting... This could put the broker at risk...
We at Zerodha give no overnight leverage, set same risk management rules for all our clients and if any leverage is required for delivery position we pass the buck to ILFS who have 10000cr + as cash. One of the biggest cost benefit we have is by setting uniform rules for everyone, be it a client who does 1 trade or someone who does 500 trades.
Looking forward to have you trade both equity and derivatives...

Cheers

Sachin...

 

[Zerodha]

Re: new cheapest broker is here. Zerodha

@ Zerodhaonline
Sir how many signatures are to be done?

totally around 40 signatures.. Exchange rules, no way to get away from them...

 

[Prashant Patel]

Re: new cheapest broker is here. Zerodha

totally around 40 signatures.. Exchange rules, no way to get away from them...

Done with the form, just to cross check the total signatures.
Through which courier to be sent, if any particular courier?

 

[Zerodha]

Re: new cheapest broker is here. Zerodha

Done with the form, just to cross check the total signatures.
Through which courier to be sent, if any particular courier?

The exact number of signatures.. Hmm.. just make sure that you sign on every page where it is mentioned.. Happy trading...

 

[rookitrader]

Re: new cheapest broker is here. Zerodha

hi zerodha,
do you provide trading integration with e-signal premier plus for chart based trading?that makes trading much easier and with ur tariffs and premier plus charting even a small time day trader should make money in real time(without going for Adv GET).
looking eagerly for the affirmative
thanks
rooki

 

[pundit]

Re: new cheapest broker is here. Zerodha

Hi Sachin from Zerodha,
I haven't get the account opening form yet.

Ramesh

Chandigarh

 

[Aloakdutt]

Re: new cheapest broker is here. Zerodha

Today i just signed for a/c opening, Mr. Gautam was very polite and answered all my query.

Yet signing 50 signatures was daunting task. Very soon i will have my account opened.

And check on small quantity ad check how the charges will work and see.. All the while on other brokers i could not breakeven due to heavy brokerage and advance broker plans apart from this fund the account. Looks like Zerodha only to fund account and no Brokerage advance plans good to start with it atleast a minimum of 5000 on advance charges will be saved and the same can be used to buy some more here in zerodha. Even venturas do not give the other charges break up... even though they charge only 35 on onside per lot. still a costly affair, after much browsing and checking details on this forum... i was able to think on it and check it out..

Thanks

 

[columbus]

Re: new cheapest broker is here. Zerodha

The exact number of signatures.. Hmm.. just make sure that you sign on every page where it is mentioned.. Happy trading...

Signature per page ????? 4-signatures per page ,Top-Bottom-Left-Right.

 

[Zerodha]

Re: new cheapest broker is here. Zerodha

hi zerodha,
do you provide trading integration with e-signal premier plus for chart based trading?that makes trading much easier and with ur tariffs and premier plus charting even a small time day trader should make money in real time(without going for Adv GET).
looking eagerly for the affirmative
thanks
rooki

Hi .. I don't know if this can be integrated with e-signal for chart based trading.. NSE NOW would not share the feeds, but to really confirm someone in the forum who is using the NOW platform or else if you can leave your number on [email protected], someone will call you and see if this can be done or not....Cheers...

 

[Zerodha]

Re: new cheapest broker is here. Zerodha

Signature per page ????? 4-signatures per page ,Top-Bottom-Left-Right.

... I meant sign wherever mentioned.. The signature on the forms is in a sequence, you have to follow the order .. F1 to F29 on trading and F1 to F18 on demat..