Okay, so here's something to cheer about after LTCG Tax was introduced for equities in this budget. I'm making the announcement on Traderji first.
With effect from 6th February 2018, brokerage fees for equity delivery transactions will be zero.
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Additionally, we've hiked referral sharing from 10% to 20%. As you all know, we've been growing on the back of referrals rather than advertising and we'd like to take things to the next level in the same direction. Do feel free to
refer your friends to us. It makes a big difference to us and is a token of encouragement to develop more features and stuff for the trading community.
Other updates:
- Our website finally got a face-lift! We've been wanting to do it but other priorities kept us occupied. A few things are different in this one and we'll be making upgrades as we go.
- We are awaiting MCX approval for a while now and it seems like regulatory delays are part of the process. We shall keep you posted on the same. Currently, since we are in waiting mode we cannot determine when we will receive the license. This entirely depends on the exchange and SEBI.
- We have completed the implementation & testing of Cover Orders and Bracket Orders. These will be launched in phases in our next big update this month. We will move clients to our new system in batches and we're working on the details.
- All the 30 Day Challenge winners will be receiving the 100% brokerage refund tomorrow. Today's been a tight schedule but we've processed payments.
I have not been active on Traderji and a few replies are pending. Will revert tomorrow.