Zerodha....

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shabsaif

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#351
#351
Re: new cheapest broker is here. Zerodha

Dear Sachin(Zerodhaonline), U said , intraday margin required 10,000 for Nifty future one Lot (50), and for carry forward need 32,000. So its not 50 % as u said in previous comments, its 33 %.Can u explain Please. Thanks
 
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shabsaif

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#352
#352
Re: new cheapest broker is here. Zerodha

zerodhaonline said:
1) 50% of Span margin is all that is required for you to take an intraday future position. You can take a intraday nifty future position with only around 11000 in your account. If you want to keep it for overnight, then you need bring in the entire margin to hold the position( around 32000).
2) Yes, you can always call us up to place your trades. Call n Trade facility would cost 20Rs for the call.
3)Our square offs start presently at 3.15pm and looking at starting at 3.20pm very soon because of popular request. The position would be squared off to the extent you have margin to hold according to exchange set margin. So, for nifty if you have bought 9 lots of nifty with 1lk in your account, at 3.20pm, 6 lots would be squared off as the margin in your account can hold only 3 lots.
5) Yes you can link the sharekhan DP as long as you don't do any delivery based equity trading. We have put a request with the exchange to help us fasten the process of account opening. If everything is through, we will start opening trading accounts in 1hrs time from the time we receive the documents very soon. Account opening cost: Rs 300 and no other costs(amc, software etc etc)..

Cheers.... Sachin....
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Dear Sachin(Zerodhaonline), U said , intraday margin required 11,000 for Nifty future one Lot (50), and for carry forward need 32,000. So its not 50 % as u said in previous comments, its 33 %.Can u explain Please. Thanks
 
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tradersuraj

Member
#353
#353
Re: new cheapest broker is here. Zerodha

shabsaif said:
Dear Sachin(Zerodhaonline), U said , intraday margin required 11,000 for Nifty future one Lot (50), and for carry forward need 32,000. So its not 50 % as u said in previous comments, its 33 %.Can u explain Please. Thanks
Click to expand...
Please read carefully as to what has been mentioned - 50% of SPAN Margin....Not 50% of Total Margin including Gross Exposure
 
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Punter786

Banned
#356
#356
Re: new cheapest broker is here. Zerodha

Can we trade in ALL the stocks of ALL groups and take delivery as well? Which and what groups of stocks, or number of stocks, u allow to trade and delivery in?

Thanks and regards
 
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ltnikhil

Member
#357
#357
Re: new cheapest broker is here. Zerodha

HI ZERODHA. Opened an a/c recently. need some clarification.
situation 1 nifty @ 6000 02 dec 10.
option writing for dec series
nifty 5500 put qty 100
nifty 6500 call qty 100.
most of the brokerage require you to bring in only one side margin ie for qty 100 only as the position is hedged. will NOW require us to bring in margin for qty 100 only or for both sides ie for qty 200.
 
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ltnikhil

Member
#358
#358
Re: new cheapest broker is here. Zerodha

zerodha
while i could understand your limitation i dont think that funding of margin money for overnight position is illegal. had it been so no broker would have done it.
any views fellow boarders
 
kaushikbanerjee

kaushikbanerjee

Active Member
#359
#359
Re: new cheapest broker is here. Zerodha

zerodhaonline said:
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...
Click to expand...
So I assume one should not fear of losing any money from trading account or shares from demat account. With all due respects to your business model and it's risk management procedure, what will happen to your clients in case you go bankrupt or quit from business and one has Rs. 10 lacs in your trading account excluding shares in the demat account ? After all that is enough money for a retail investor. Is there any risk of money vanishing at all with any other small brokers ?
 
Zerodha

Zerodha

Well-Known Member
#360
#360
Re: new cheapest broker is here. Zerodha

ltnikhil said:
HI ZERODHA. Opened an a/c recently. need some clarification.
situation 1 nifty @ 6000 02 dec 10.
option writing for dec series
nifty 5500 put qty 100
nifty 6500 call qty 100.
most of the brokerage require you to bring in only one side margin ie for qty 100 only as the position is hedged. will NOW require us to bring in margin for qty 100 only or for both sides ie for qty 200.
Click to expand...
Hi Nikhil,
The above position is hedged but not completely. The position can loose money when market goes against you by 8 to 10 %. It is not like a calendar spread, where the position is completely hedged. For all calendar spreads, margin is required to be brought in only on one side of the position. The calendar spread orders can be placed using a calendar spread order on the terminal. I will get back to you with the exact margin requirement for the above position by 3.30pm.. Cheers...
 
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