Zerodha....

Discussion in 'Brokers & Trading Platforms' started by bharath.mang, Sep 25, 2010.

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  1. bharath.mang

    bharath.mang Active Member

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    Was referred about zerodha from a friend yesterday. anyone who has used their services??? They are saying 20rs/trade , we can buy and sell as much, for intraday delivery and fno... If anyone already opened, do give me a view... thanks.....
     
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  2. alroyraj

    alroyraj Well-Known Member

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    Re: zerodha??

    RKG offers Rs 9 per lot but network may be clogged since it is the account used by high volume traders.Very few brokers seem to offer a flat rate,so it is a good option. Just ensure it is there in your city. I have to check myself.
    From the website I can see that is has the renowned blogger and financial analyst Deepak Shenoy on its management board so it is dependable.
    If you plan to trade Futures and options even a single lot per day the savings will be there.
     
    Last edited: Sep 27, 2010
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  3. mrkanitkar

    mrkanitkar Well-Known Member

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    Re: zerodha??

    I think the biggest plus point is the online portal is from NSE and not of broker.
    This will save you from RKG or any broker's services failures.
     
  4. mrkanitkar

    mrkanitkar Well-Known Member

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    new cheapest broker is here. Zerodha

    Hi Guys,
    I called http://www.zerodha.com guys today.
    They have fantastic offer. They offer cheapest brokerage in market, much less than even RK Global.
    1. Per order rate - 20 INR and not against per lot - FNO, equity.
    2. Direct NSE terminal from NSE server, no server from broker in between.
    3. Live technical analysis from NSE TAME on NSE server.
    4. Leverage 10 times - nifty stocks
    5. 5 times leverage on stocks.
    6. Account opening -600/-
    7. Amc 400/-
    8. There is no charge on software like RKG.
    9. They use NSE NOW and http://nowonline.in/now_home.html (run by NSE).
    10. No commitment for lots per day.

    I think, now we are going to have vanilla brokerage plans. They don't charge per lot in FNO, they charge flat rate against per trade. This is very good.
    Server issue is not there as NSE server being used. I have not used TAME, any one know how it works?
    I am thinking to open account with them.
    Do anyone already using them?
     
  5. alroyraj

    alroyraj Well-Known Member

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    Re: new cheapest broker is here. Zerodha

    Also their margin required for stock futures is much much less compared to RKG .
    Not many Bangaloreans here and it is a new brokerage but still a good opportunity.....
     
  6. MindlessTrader

    MindlessTrader Well-Known Member

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    Re: new cheapest broker is here. Zerodha

    for nifty future...?
     

  7. sanjayspeilberg

    sanjayspeilberg Member

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    Re: new cheapest broker is here. Zerodha

    I contacted them on the mentioned below number.

    INDIA:
    175/176, 2nd Floor, Bannergatta Road, Bilekahalli Bangalore 560076.
    Tel: +91 99001 37774 / 99001 37775


    They confirmed that they charge Rs.20 per trade irrespective on lots or no.of shares.

    But only thing am concerned is they have tie up only with HDFC Bank. If in case you do not have a hdfc bank account then you need to transfer the money to their account and send a email to them. Only then your ledger account will be credited.
     
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  8. smartboy1jan1982

    smartboy1jan1982 Active Member

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    Re: new cheapest broker is here. Zerodha

    Just visited its website. I am in shock. :eek:

    20 rs flat per order irrespective of the quantity of stocks or lots. 20 buy + 20 sell = 40 rs total brokerage per trade is unbelievable. only concern is the safety of our funds with them. I mean can we trust such new brokerage firms? I am not so sure about it.
     
  9. MindlessTrader

    MindlessTrader Well-Known Member

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    Re: new cheapest broker is here. Zerodha

    if trade executed in one go only then its good...otherwise mostly trade executed in parts..so Rs 20 for every execution may not be a good idea...then...
     
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  10. alroyraj

    alroyraj Well-Known Member

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    Re: new cheapest broker is here. Zerodha

    I can send across the margin doc if you want pm me.
     
    sanamtrade and (deleted member) like this.
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