IB 1 paise one side versus Zerodha

#1
I have to open demat account in india. Had very good experience with IB in US.
Here are my findings please feel free to comment
Interactive brokeres 1 paise 1 side + data feed to ninjatrader (this is free).

option 2:
zerodha 40 rs per trade but no data feed.


Any comments.
 

GTji

Active Member
#2
I have to open demat account in india. Had very good experience with IB in US.
Here are my findings please feel free to comment
Interactive brokeres 1 paise 1 side + data feed to ninjatrader (this is free).

option 2:
zerodha 40 rs per trade but no data feed.


Any comments.
According to what I saw on the IB website it's 1 paisa brokerage only intraday, but per order minimum is Rs. 10, which does not make sense for a lot of intraday equity traders. Zerodha is Rs. 20 or 0.01% whichever is lower per executed order for derivatives and equities regardless of number of lots or quantity, while IB is per order minimum Rs. 10 per lot or 0.01% whichever is higher. Please correct me if I am wrong regarding IB. (Would like to have more info on IB).
 

Sunny1

Well-Known Member
#3
if you need that data with ninja trader ...then go for it as you will save on data...

if your trading is huge and want to save on brokerage then go for zerodha
 
#4
According to what I saw on the IB website it's 1 paisa brokerage only intraday, but per order minimum is Rs. 10, which does not make sense for a lot of intraday equity traders. Zerodha is Rs. 20 or 0.01% whichever is lower per executed order for derivatives and equities regardless of number of lots or quantity, while IB is per order minimum Rs. 10 per lot or 0.01% whichever is higher. Please correct me if I am wrong regarding IB. (Would like to have more info on IB).
Well Yes and now.
Cost wise yes no doubt zerodha wins.

But when you consider overall trading experience IB takes it away because of Ninjatrader.
Take a look http://www.youtube.com/watch?v=oXfD9Ep0WoI

ps: if journey is long it makes sense to go in a car than on a bike :)..
 

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