Zerodha....

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

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  1. fish

    fish Member

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    Hi Sachin/Zerodha,
    Will you courier an application form and registration kit to my temporary address?
    I'm living on rent(New Delhi) and my permanent address is different(Pune).

    i.e, C/O address will work for opening an account?

    -Lini
     
  2. shekharz

    shekharz Active Member

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    & also MenthaOil and Cardamom
     
  3. trader15

    trader15 Well-Known Member

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    Can you give an example for novice commodity traders how MIS will work for commodity.

    Also, what are margin's for these commodities: Gold, Silver, Crude and Copper. Is it same as MCX specified i.e. for 1 Kg Gold: 5% of contract value or do you require different margins.

    When is time of calculation of MTM profit/loss i.e. credit/debit.

    What happens if account does not have sufficient funds at end of day for
    covering MTM loss: Is there cut off time for same.

    Related question: What is MTM loss/profit calculation for Nifty futures assuming the entire marging money is present for positional trade on Day 1, and at 11.00 am next day--> Loss of say 2K and no money in account for covering MTM ?
     
  4. jaijai

    jaijai New Member

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    what is the margin requirement for selling deep out of money call........positional not intraday
     
  5. irfanmansuri

    irfanmansuri New Member

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    @zerodha

    Is there any way to order 1 and order 2 at the same time but order 2 executed only after order 1 execute in NEST TRADER?
     
  6. Zerodha

    Zerodha Well-Known Member

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    SEBI approval is still not through, they work at snails pace..Should happen within the next 2 months...
     

  7. Zerodha

    Zerodha Well-Known Member

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    We are starting leverage from the most active traded commodities and will slowly extend to others...
     
  8. Zerodha

    Zerodha Well-Known Member

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    Yes we can courier,

    If the address proof has a C/O then it can't be used...

    You can give your permanent address proof itself as all our communication will happen online...

    Send a request for the forms to india@zerodha.com
     
    fish likes this.
  9. Zerodha

    Zerodha Well-Known Member

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    Firstly, for commodities, we will give you a leverage, you will need 50% of the MCX specified margins...

    For all futures equity or commodities, MTM happens continuously, Ideally it is better if you utilize only a portion of trading capital for f&o and keep some idle cash handy...

    In commodities, we will let you trade with 50% of mcx margins till 10.45.. To trade with leverage you will have to utilize the product code: MIS(margin intraday squareoffs)... All MIS orders will get autosquared off at 10.45 pm...

    If you intend to keep this for overnight, you either by it NRML or if you have bought it as MIS, you wil lhave to convert it to NRML(provided you have sufficient balance)....

    For your nifty future question, the next day morning, you will anyways need only 40% of NSE margins, so it will be alright.. But by 3pm, you would have to bring in the mtm loss otherwise it will get squared off...
     
    prktrade and sub0me like this.
  10. irfanmansuri

    irfanmansuri New Member

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    you might missed it
     
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