Zerodha....

When you are trading at 50% SPAN you are basically trading with 25 to 30 times leverage, which is pretty crazy in itself, so we won't provide any further....

This is a noob or should I say noobest question that you have asked till date.... ....

If you buy with 10k for Rs 1lk ... why should the broker take your losses??? .... The positions would be auto squared off once it breaches the 60% mark in your account.... So if you have bought for 1lk with 1000 shares at Rs 100 ... When stock falls to 94 it gets auto squared off and you take the entire loss of Rs 6000 not the broker.... ... . Cheers...

hello Zerodha,

my DP A/C with the IL&FS has not been yet opened...! its been two weeks. I 've sent a mail on this regard to your Customer Care. shall i send the details by PM?

Haha... well, thought as much and it is only fair that the trader takes the loss.
Reason why I asked is the concept of margin funding is totally new to me and I've never traded with margin provided by the broker.
I started trading only around last year and stuck to options alone. I've switched about 5 brokers in the last 8 months looking for lower and lower brokerage per lot. I know its bad to trade with real money whilst one is still learning the ropes, but what to dooooo... noobs are like this onleee. The blokes at Indiabulls and Religare had talked about margin funding but then I didn't quite like the idea of trading with the brokers money, so I didn't bother asking for details and didn't quite have a clue of how the profit/loss sharing works. Thanks for explaining....

hi

i want to test the speed of mobile trading even if the signal is weak....is it possible....can you provide any dummy account so that i can test it??

Or anyone using mobile trading on NOW...please give feedback

Also provide all the details about account opening charges viz intial a/c opening charges,amc etc

Regards
Anurag

I thought most accounts were for dummies
As one big broker in the US had put it... I treat all clients as terminally ill, and try to keep them happy till they are gone

As for dummy accounts..... I would like one to be funded with a few million too

Hello Zerodha

1.I would like to know the amount of margin required to create a calender spread. Assume a simple spread....buy april nifty future and sell may nifty futures..

2. How do I know about margins on daily basis?.....I think margins change drastically as expiry nears....Any rule of thumb will be of great help

3. Any special button or tool in NOW.exe where I can create a spread order so that less margin is blocked from start itself.

4. One question regarding NOW.EXE.......Suppose NOW.exe is running & internet gets disconnected for few seconds. After reconnection will software refresh and pick quotes automatically or we will have to log out and log in again...I am facing few problems with net connection in last couple days

Thanks and keep up the good work:thumb:

Gaurav

Thanks Ravi.


Don't worry I was just testing. U can add few zeroes in the above figure
Thank you again.

Zerodha, ain't this plan make option more cheaper.

Say if I trade nifty option 10 lots 5000 per lot i.e 50K intra day...My brokerage with be Rs 5 and that even including both side, thus I saved Rs 35. Am I correct ?

If the account is not yet open, there could be some documentation missing. Do get in touch with us on [email protected] and we'll give you the details.

Hi Anurag:

Write to us at [email protected] and we'll give you all the details on account opening. It is fairly simple really.

The mobile app of NOW works very well on Android and iPhone. It supports BlackBerry and most Java enabled phones too.