Zerodha 60-day Challenge
Dear Fellow Traders,
We are very happy to announce the Zerodha 60-day Challenge which we will run on Equity (Cash and F&O), Currencies and Commodities from February 15, 2012.
Zerodha was conceived with an idea of being able to completely remove the concept of brokerage from trading. Thanks to your continued support, today we can implement it. This would mark the culmination of the first part of our dream of offering a brokerage-free platform. The other parts of the dream include multi exchange on one platform, advanced charting tools, ability to program your trades and so on. We are hoping to have all of this done in the next 3 months.
Zerodha 60 Day Challenge-Offer Details
For now this would be a one-time offer and we will continue it based on the response we get.
Exchanges Applicable: NSE (Equity, F&O, Currency)
MCX (Commodities)
The Zerodha 60-day Challenge will start from your first trade on or after February 15, 2012.
The contest will run for a total of 60 trading days.
If the cash balance in your account on the 60th day is more than what it was on day one, you will get back all the brokerage you paid us during this period.
Contest Rules:
1. Money transferred into your trading account during the contest period will not be considered. This means you can transfer funds to top up your limits, but it won’t be added to your profits.
2. Money received from the sale of shares from your demat account will not be considered for profitability.
3. Stocks bought for delivery will not be considered for the challenge. Only the cash and the f&o position value on the last day of the challenge would be considered.
4. Funds withdrawn from the trading account will be disregarded. This means that you can withdraw funds and it will still be considered for your profitability.
5. Option premium received for writing (selling) will not be considered as a credit.
6. Both Equity (intraday equity and f&o) and Commodity will be considered as separate individual challenges.
7. No conditions on minimum number of trades or turnover. For example, you could have done just 1 trade which is profitable, over the 60 day period and still get back the brokerage paid.
8. During the 60-day challenge you will continue to pay Rs 20/executed order or 0.01%/0.1%, whichever is lower as brokerage.
9. To win the contest, you simply have to be net profitable after paying all your taxes and costs.You need to login to the backoffice and click on request for crediting the brokerage paid, back to your trading account. The credit will happen within 24 hours.
10. The contest is valid for all our existing clients as on Feb 14th 2012. For all our new MCX clients, this offer would be valid for all the clients who open an account till the 15th of Mar 2012.
last and the most important thing is to be net profitable_____ make sure you are net profitable. because you make 10 trades buy and 10 trades sell per day you give 400 rs as brokerage so by the end of the day even if you make a rupee .the number of trading days in a 60 day challenge is 43 so,
the amount of brokerage you pay is 43*400=17200Rs
i Guess if you are an expert in just buying and selling as we do for scalping for 10-20 paisa in options even a small capital of 5k can fetch you money if you trade in options by the end of 60 days
cheeeeeeeeeers remember your capital should be 5001 rupee by the end of 60 days
