Zerodha....
- Thread starter bharath.mang
- Start date
- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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Re: new cheapest broker is here. Zerodha
sorry! my bad!! this information is available on the mail they have sent me & not on the website!
here it is:
Other Charges:
1. Account Opening Charges Rs 600 (Market rates are Free to Rs 1500)
2. Annual Maintenance Charges Rs 400 (Market rates are Rs 300 to Rs 1000)
3. DP Charges Rs 15 (applicable only when you are selling your Delivery position after having held for more than two days). (Market rates are usually between Rs 12 to Rs 25)
4. STT, Service Tax, NSE Turnover and Transaction Charges, SEBI charges are all as applicable market-wide.
Margins:
a. Intraday Margins for Cash: 10 times for the 200+ F&O stocks, 5 times for all the others.
For Delivery positions, 100% of the margin will be required.
b. Intraday Margins for Futures: 50% of the SPAN margin from NSE. For holding Futures overnight, exchange stipulated margins are required.
*square-off of all intraday positions if not converted happens at 3:10 p.m. every day.
sorry! my bad!! this information is available on the mail they have sent me & not on the website!
here it is:
Other Charges:
1. Account Opening Charges Rs 600 (Market rates are Free to Rs 1500)
2. Annual Maintenance Charges Rs 400 (Market rates are Rs 300 to Rs 1000)
3. DP Charges Rs 15 (applicable only when you are selling your Delivery position after having held for more than two days). (Market rates are usually between Rs 12 to Rs 25)
4. STT, Service Tax, NSE Turnover and Transaction Charges, SEBI charges are all as applicable market-wide.
Margins:
a. Intraday Margins for Cash: 10 times for the 200+ F&O stocks, 5 times for all the others.
For Delivery positions, 100% of the margin will be required.
b. Intraday Margins for Futures: 50% of the SPAN margin from NSE. For holding Futures overnight, exchange stipulated margins are required.
*square-off of all intraday positions if not converted happens at 3:10 p.m. every day.
Re: new cheapest broker is here. Zerodha
NSE NOW software is actually much faster in terms of ticks, when I compare it to my sharekhan terminal it seems everytime the rate first comes on NOW and then on trade tiger.. Charting on NOW is pretty basic... NOW express is the web based platform, donno the performance as have not used.. TAME is delayed by atleast 30 secs.. I use amibroker for charting and place trades on NOW... Exchange margin for futures: SPAN + Exposure, for nifty span is around 20odd and exposure 10 odd .. for the big nifty I mean... intraday they let me trade with 50% of nifty span margin, so around 11000, I can buy a lot of nifty for intraday positions.... For overnight they ask for the entire margin.. for option premiums, like any other broker u need to give entire premium amount as a margin...
NSE NOW software is actually much faster in terms of ticks, when I compare it to my sharekhan terminal it seems everytime the rate first comes on NOW and then on trade tiger.. Charting on NOW is pretty basic... NOW express is the web based platform, donno the performance as have not used.. TAME is delayed by atleast 30 secs.. I use amibroker for charting and place trades on NOW... Exchange margin for futures: SPAN + Exposure, for nifty span is around 20odd and exposure 10 odd .. for the big nifty I mean... intraday they let me trade with 50% of nifty span margin, so around 11000, I can buy a lot of nifty for intraday positions.... For overnight they ask for the entire margin.. for option premiums, like any other broker u need to give entire premium amount as a margin...
Re: new cheapest broker is here. Zerodha
got a reply from Zerodha for all the queries that I had put, I think murthymsr also had asked for the same. Here is what it says...
Hi,
As per your request, did try to put up something about Zerodha on the forum. Don't think the moderator want's anything promotional being put up..
Anyway I would clarify most of the queries that I am seeing on the forum and it will be of help if you could post it at the forum for the benefit of the other members...
1. Brokerage: It is 20 Rs per executed order and not for 1 lot. What it means is, if you place a buy order for 10 lots of nifty and each lot gets executed as a different trade, you still pay Rs 20 only. We charge based on the executed order number, so even if you modify an order it will all be part of the Rs 20. Only if you cancel the order and place a fresh order which gets executed, then Rs 20 is charged again..This applies for intraday cash, delivery, futures and options.
Alternative plan: For people whose trading size in cash segment is really less for intraday,( less than Rs 10000) we also offer an alternative plan. Without any conditions we offer 0.01% for intraday and 0.1% for delivery, Futures and Options will be in the default plan of Rs20/Transaction. The idea is to give options to the trader that best suits his needs.
2. Platform: NOW( Neat on WEB) provided by the NSE today is the fastest, most reliable platform with probably the lowest latency. When you place an order or when you are looking at the quotes on your terminal, traditionally you have to get through your brokers server which might slow it down. With NOW, you don't have to rely on Zerodha's server, you are relying on the NSE servers in the exchange. This is very important, especially in times of market volatility when reduced capacity of the brokers server may affect your trades. Also the chances of NOW not working or having a downtime is next to Zero.
NSE NOW comes in both web based and exe based platform. we will give access to both the platforms.
Why is NSE NOW not well known?? Most of the existing brokers are already having risk management software for other platforms like ODIN, NEST etc and hence can't offer NOW which is a relatively new product of NSE.
NSE NOW dealayed?? Not at all, it is the fastest platform in the country today.
NSE NOW charting?? Not the greatest product available, very basic tools. We have been told that NOW would be upgrading the charting from the beginning of next year.
3. Margins: Intraday: 10 times for all the f&o scrips for intraday.. 5 times for all the other stocks for intraday..
Futures: 50% of the NSE stipulated span margin for intraday. Full margin for overnight positions. By
3.10 pm all the intraday positions would have to be converted by bringing in the total margin if intended to carry forward.
Delivery: 100 % of the margin.
4. Fund transfers:
Into the trading account: Through any bank with RTGS and NEFT facility. Additional benefit for HDFC and Axis bank account holders is that they can transfer through the NOW terminal.If done through RTGS and NEFT, funds take 1 hour for RTGS and upto 6 hours for NEFT. Through HDFC and axis if done through NOW terminal, the funds get transferred immediately. NOW is also tying up with all the major banks.
Withdrawals: All requests have to be put into the backoffice software online, processed at the end of every day after settling for trades. Credits will happen the next working day.
5. Charges: account Opening: Rs 600
annual maintenance: Rs 400
No software, upfront, limit cards or any other charges...
6. Tips??? : We don't want to do what most of the other brokers are doing today. Give tips to generate brokerage!!! As a policy of the company we won't be getting into the space of giving tips because as a broker we believe it would be a conflict of interest. We with the help of our advisor Deepak shenoy are developing videos on training individuals to develop their own strategies. A lot of strategies which wouldn't have worked otherwise, will work beautifully with our model.
7. Customer support?? The reason we can offer at these rates are because we are trying to make it a more online model. We have a call center for you to place your trades and also customer service for any issues regarding our service. We are striving to create the best platform for active traders and unlike other brokers will be using the social media to do majority of our business. We are working on our facebook page, videos to show the processes from account opening to trading and back office etc... We will also look into all the other ideas that come through our clients which will go with our business model.
Queries can be put forward to [email protected] with cc to [email protected]
Nithin Kamath
Zerodha
got a reply from Zerodha for all the queries that I had put, I think murthymsr also had asked for the same. Here is what it says...
Hi,
As per your request, did try to put up something about Zerodha on the forum. Don't think the moderator want's anything promotional being put up..
Anyway I would clarify most of the queries that I am seeing on the forum and it will be of help if you could post it at the forum for the benefit of the other members...
1. Brokerage: It is 20 Rs per executed order and not for 1 lot. What it means is, if you place a buy order for 10 lots of nifty and each lot gets executed as a different trade, you still pay Rs 20 only. We charge based on the executed order number, so even if you modify an order it will all be part of the Rs 20. Only if you cancel the order and place a fresh order which gets executed, then Rs 20 is charged again..This applies for intraday cash, delivery, futures and options.
Alternative plan: For people whose trading size in cash segment is really less for intraday,( less than Rs 10000) we also offer an alternative plan. Without any conditions we offer 0.01% for intraday and 0.1% for delivery, Futures and Options will be in the default plan of Rs20/Transaction. The idea is to give options to the trader that best suits his needs.
2. Platform: NOW( Neat on WEB) provided by the NSE today is the fastest, most reliable platform with probably the lowest latency. When you place an order or when you are looking at the quotes on your terminal, traditionally you have to get through your brokers server which might slow it down. With NOW, you don't have to rely on Zerodha's server, you are relying on the NSE servers in the exchange. This is very important, especially in times of market volatility when reduced capacity of the brokers server may affect your trades. Also the chances of NOW not working or having a downtime is next to Zero.
NSE NOW comes in both web based and exe based platform. we will give access to both the platforms.
Why is NSE NOW not well known?? Most of the existing brokers are already having risk management software for other platforms like ODIN, NEST etc and hence can't offer NOW which is a relatively new product of NSE.
NSE NOW dealayed?? Not at all, it is the fastest platform in the country today.
NSE NOW charting?? Not the greatest product available, very basic tools. We have been told that NOW would be upgrading the charting from the beginning of next year.
3. Margins: Intraday: 10 times for all the f&o scrips for intraday.. 5 times for all the other stocks for intraday..
Futures: 50% of the NSE stipulated span margin for intraday. Full margin for overnight positions. By
3.10 pm all the intraday positions would have to be converted by bringing in the total margin if intended to carry forward.
Delivery: 100 % of the margin.
4. Fund transfers:
Into the trading account: Through any bank with RTGS and NEFT facility. Additional benefit for HDFC and Axis bank account holders is that they can transfer through the NOW terminal.If done through RTGS and NEFT, funds take 1 hour for RTGS and upto 6 hours for NEFT. Through HDFC and axis if done through NOW terminal, the funds get transferred immediately. NOW is also tying up with all the major banks.
Withdrawals: All requests have to be put into the backoffice software online, processed at the end of every day after settling for trades. Credits will happen the next working day.
5. Charges: account Opening: Rs 600
annual maintenance: Rs 400
No software, upfront, limit cards or any other charges...
6. Tips??? : We don't want to do what most of the other brokers are doing today. Give tips to generate brokerage!!! As a policy of the company we won't be getting into the space of giving tips because as a broker we believe it would be a conflict of interest. We with the help of our advisor Deepak shenoy are developing videos on training individuals to develop their own strategies. A lot of strategies which wouldn't have worked otherwise, will work beautifully with our model.
7. Customer support?? The reason we can offer at these rates are because we are trying to make it a more online model. We have a call center for you to place your trades and also customer service for any issues regarding our service. We are striving to create the best platform for active traders and unlike other brokers will be using the social media to do majority of our business. We are working on our facebook page, videos to show the processes from account opening to trading and back office etc... We will also look into all the other ideas that come through our clients which will go with our business model.
Queries can be put forward to [email protected] with cc to [email protected]
Nithin Kamath
Zerodha
- Status
