Zerodha....

[Zerodha]

Re: new cheapest broker is here. Zerodha

Hi Raju,
For dp we have tied with IL&FS, who is the biggest dp in the country. The reason for tying up with IL&FS was because they are the most reputed dp in the country and also it let's us focus more on the trading part of the business. What is the role of the dp?? Basically when you buy any stock for delivery( buy stock in cash market for holding more than 2 days), after 2 days it goes and sits in your account with IL&FS. When you sell it, the same gets debited from your IL&FS account. All of this happens online... If you have to go open an account directly with IL&FS, they charge annual maintenance of Rs 600.. For all accounts through Zerodha the amc is Rs 400. This tie up helps us in focusing all our attention to make the clients trading experience with Zerodha excellent. If you don't intend to trade in delivery positions, there is no need to open an IL&FS account, we can use your existing dp and map it to the trading account. Cheers.. Sachin(Zerodha)

 

[murthyavr]

Re: new cheapest broker is here. Zerodha

@zerodhaonline

I was informed that you do not have your office in Hyderabad.

Any plans to open one, in the near future?


- Murthy

 

[Zerodha]

Re: new cheapest broker is here. Zerodha

@zerodhaonline

I was informed that you do not have your office in Hyderabad.

Any plans to open one, in the near future?


- Murthy

Yes, you have been informed right. We do not have an office anywhere outside of Bangalore right now. We have centralized operations and use the Internet and phone to stay in touch with our customers and use couriers for paperwork.
This saves costs for us, and we pass on the benefit to you.

 

[alroyraj]

Re: new cheapest broker is here. Zerodha

Say suppose I have stocks in my DP on which I need to use as margin for derivatives trading,do I need to open the demat account ?
In case I apply for the demat in the meanwhile I can trade,so...
Also can I hold overnight in derivatives ?

 

[Zerodha]

Re: new cheapest broker is here. Zerodha

Say suppose I have stocks in my DP on which I need to use as margin for derivatives trading,do I need to open the demat account ?
In case I apply for the demat in the meanwhile I can trade,so...
Also can I hold overnight in derivatives ?

1. If you have your stocks in a DP other than ours, we will not be able to give you margin for trading. If stocks are in our DP, you will get margin.
2. If you want to trade only intraday, you don't need to open a demat account with us, only a trading account will suffice.
3. For derivatives, you can hold positions overnight without having a demat account with us as long as you have the required margin to hold the positions.

Everyone have a wonderful Diwali with a lot of love and light.
Zerodha.

 

[MindlessTrader]

Re: new cheapest broker is here. Zerodha

hi, what is the margin required for 1 lot nifty option selling....say nifty 6300 CE @ 107...i want to short it...then margin..??

 

[Raju]

Re: new cheapest broker is here. Zerodha

Hi zerodhaonline,

Thanks for the answers.

Thanks,
Raju

 

[tradersuraj]

Re: new cheapest broker is here. Zerodha

Hi zerodhaonline...is the software you provide (NSE NOW) compatible with a mac?...I know i could run the web based version but i am referring here to the desktop client...cheers

 

[Boona]

Re: new cheapest broker is here. Zerodha

just in case if u guys are looking for cheaper option than ZERODHA for equities, refer my post here

http://www.traderji.com/brokers-tra...st-broking-house-small-trader.html#post484003

PS...iam just their client, iam no way connected with Bajaj Cap

 

[Raju]

Re: new cheapest broker is here. Zerodha

Hi Boona

U have also mentioned the referred thread that it seldom Hangs.Though u giving exact details is worth prasing but seldom hangs would not be acceptable for Intraday Trader or Scalper

Raju