Zerodha now charges (20/- + taxes) on every intraday position that is not squared off before 3.20pm. Their system auto squares off each open position, and they charge 20/- per order.
Here is the link with full details:
https://zerodha.com/marketintel/Bulletin/363
Now this is the first time I have seen something like this. Are there any other brokers which apply such charges?
I am an intraday trader, and this is a worry for me, as I may have many positions open and as per my strategy I need to square them off as late as possible. So sometimes, I end up with open positions after 3.20 and have to pay "call-and-trade" charges.
Note that there is no "call made by me to the broker", zerodha simply applies call and trade charges for all open positions that are squared off automatically by them after 3.20pm.
Here is the link with full details:
https://zerodha.com/marketintel/Bulletin/363
Now this is the first time I have seen something like this. Are there any other brokers which apply such charges?
I am an intraday trader, and this is a worry for me, as I may have many positions open and as per my strategy I need to square them off as late as possible. So sometimes, I end up with open positions after 3.20 and have to pay "call-and-trade" charges.
Note that there is no "call made by me to the broker", zerodha simply applies call and trade charges for all open positions that are squared off automatically by them after 3.20pm.