Re: new cheapest broker is here. Zerodha
hello zerodhaonline,say i have 50 percent span margin for 1 lot BNF only in my ac.i bought 1 lot BNF at 12000 and hold that till 3.10 placing trailing sl at 12050 and at 3.10 BNF is at 12070.i leave that open.then you cover it yourself?is that process automated?if its closed by you at 12060 what will be my brokerage?and if there is any penalty levied for leaving open my positions?
We advise all our clients to square off intraday positions before 3.10pm.. Our systems start squaring off the positions from 3.10pm..
Yes, if you haven't covered the position on your own, our system will cover it for you...
The brokerage is the same( 20rs/order)
Penalty??: Our call and trade charges are 20rs/call. All the orders that are squared from our terminals will be considered as call n trade orders. So, you would be paying 20Rs/order extra when our terminals square off the position for you...
The system is designed uniformly for everyone keeping in mind the interest of you and all your fellow traders at Zerodha.