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Zerodha

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Will you please explain why not!!!

The amount lying idle in my share/fno trading account is actually in the account of the broker. So if the broker wants, he can transfer it to my commodity account. Otherwise a common pool of capital can be created per user from which he can freely(instantaneously) transfer free fund between share/fno and commodity accounts without any intervention of the broker.
Hi PGD,

Typically, when your money is sitting idle, it is sitting in the NSE client account!!! According to NSE regulations, money can be transferred only from client account to NSE client account and vice versa, we have no right to transfer your funds to any other account..... Zerodha Commodities would be a separate company all together and how can we transfer your money from Zerodha equities to commodities.....

Few brokers let you do this!!! How do they do it??? Firstly they are not being compliant to both NSE and MCX rules!!! How they do it is, if there is any mtm loss or margin requirments!!! They make a dd on your behalf in favor of the commodities account and in turn deposit to the commodity account!!!! No one tells you this, but would you want these things to happen in your account without your knowledge??? This is the only way to do this and no other possible way of giving margins in both equity and commodity accounts with a single account either for equity or commodity!!!! None of the established brokers give it today!!!

Our whole business revolves around the fact that we are compliant to all the rules and want to do the business neat and clean... We are going to give you the best trading environment, both in terms of cost and performance, but would never go against regulations to gain some quick business....

The relationship we have with our clients is long term and for any long term partnership, it is very important to think about the long term losses and problems that may come up rather than think about near term gain by going against rules....

Cheers...
 
Hi PGD,

Typically, when your money is sitting idle, it is sitting in the NSE client account!!! According to NSE regulations, money can be transferred only from client account to NSE client account and vice versa, we have no right to transfer your funds to any other account..... Zerodha Commodities would be a separate company all together and how can we transfer your money from Zerodha equities to commodities.....

Few brokers let you do this!!! How do they do it??? Firstly they are not being compliant to both NSE and MCX rules!!! How they do it is, if there is any mtm loss or margin requirments!!! They make a dd on your behalf in favor of the commodities account and in turn deposit to the commodity account!!!! No one tells you this, but would you want these things to happen in your account without your knowledge??? This is the only way to do this and no other possible way of giving margins in both equity and commodity accounts with a single account either for equity or commodity!!!! None of the established brokers give it today!!!

Our whole business revolves around the fact that we are compliant to all the rules and want to do the business neat and clean... We are going to give you the best trading environment, both in terms of cost and performance, but would never go against regulations to gain some quick business....

The relationship we have with our clients is long term and for any long term partnership, it is very important to think about the long term losses and problems that may come up rather than think about near term gain by going against rules....

Cheers...
so waz the procedure for transfering the amount in nse to mcx trading and how many days ul it take??
 
automatic square off can be very expensive
if you get stuck & in long run we all face that.
this is one thing that stops me from changing my existing broker to zerodha


my current broker is offering me loan scheme that they charge me interest for amount i should have to pay to hold my trade.

& all my trades are automatically converted to delivery if i don't sell them.
& what i figure is that at zerodha we have to convert it out self before 3:00 by login to terminal.
 

Zerodha

Well-Known Member
automatic square off can be very expensive
if you get stuck & in long run we all face that.
this is one thing that stops me from changing my existing broker to zerodha


my current broker is offering me loan scheme that they charge me interest for amount i should have to pay to hold my trade.

& all my trades are automatically converted to delivery if i don't sell them.
& what i figure is that at zerodha we have to convert it out self before 3:00 by login to terminal.
Hi Prateek, We advise all our clients to have sufficient margins while placing their trades...One of the main culprits for people to loose out in the markets is leverage.... Also 99% of the times, if someone converts his intraday position to delivery, he is doing it because he is suffering a loss.. When in loss the best thing is to exit with small loss than big ones....... Most brokers today encourage clients taking leverage as that is how they can make money today in a world of diminishing brokerage... They used to make 0.05% from 1lk trade before, today they get you to do 2lk trade and charge 0.025%, this creates an illusion that you are paying lower brokerage, but in fact it is the other way.....
the rules we set, keep our traders disciplined and along with the low cost of working, it creates a perfect environment to be profitable..... Do think about it, and give us a shout when you want to come aboard with Zerodha.... Cheers...
 
When i read this thread , one thing i wonder is that how you people are able to take maximum benifit of 20 rs per trade ( which is the best offer at present in the market ):thumb:

When some of you people are having small account sizes i can understand that some one trading with 20 30 or 50 lacks can really take advanttage of buying shares at flat 20 rs but some one having a capital of 20 30 50 K he will just be able to write one nifty option. I am in this market since very long doing index and delta hedging .

The only thing i can make out out is either you people do not get .005 to .01 intraday
and and .05 to .01 delievery brokerage . If some one buys shares worth 5 lacks and if delievery brokerage is .05 ( like my case at RELIGARE then you pay 250 rs brokerage there ) and at zerodha you pay 20 so its 90 % saving

But some one who buys shares of Rs 10000 will pay only 5 rs in my case and even if brokerage is .1 will pay 10 rs so basically i just wanted to know is how people who have lesser then 2-3 lacs account and do small trades take benifiet of Zerodha

I would also like to know from bigger account holders how they save on there brokerage like what is the maximum number of lots , options and number of shares they have traded in single order :clapping:

Help will be very much appreciated ( kindly share your big and small trades for my better understanding )

Regards MAYANK
 
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Zerodha

Well-Known Member
so waz the procedure for transfering the amount in nse to mcx trading and how many days ul it take??
Hi,

NSE and MCX would be 2 separate entities... You need to withdraw from NSE and then transfer to MCX... You will have a direct payment gateway on mcx, so funds can be transferred instantly....
 
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