Zerodha - Number One Discount Broker in India

[marimuthu13]

Let's see what is the action from SEBI's side.

i too faced same issue with other broker on Friday..

i placed sell order using BO 5 lots - IOC @ 154.90 SL 1 Tgt 2..

price went down below target ( 152.90), touched low of 152.15... whereas only one lot was closed at tgt price..rest 4 are closed @ market closing price 154.10 around 3.20 PM.

i wrote them email explaining errors..asked them to take responsibility.

meanwhile i thought of restarting zerotha after 6 years...from 3rd Oct'18 onwards.. but now dropped that idea......

 

[timepass]

i too faced same issue with other broker on Friday..

i placed sell order using BO 5 lots - IOC @ 154.90 SL 1 Tgt 2..

price went down below target ( 152.90), touched low of 152.15... whereas only one lot was closed at tgt price..rest 4 are closed @ market closing price 154.10 around 3.20 PM.

i wrote them email explaining errors..asked them to take responsibility.

meanwhile i thought of restarting zerotha after 6 years...from 3rd Oct'18 onwards.. but now dropped that idea......

If you have saved the screenshots of the incident, then you should escalate it.

 

[Newbie Day-Trader]

i too faced same issue with other broker on Friday..

i placed sell order using BO 5 lots - IOC @ 154.90 SL 1 Tgt 2..

price went down below target ( 152.90), touched low of 152.15... whereas only one lot was closed at tgt price..rest 4 are closed @ market closing price 154.10 around 3.20 PM.

i wrote them email explaining errors..asked them to take responsibility.

meanwhile i thought of restarting zerotha after 6 years...from 3rd Oct'18 onwards.. but now dropped that idea......

Which broker was it? And, you should definitely escalate it with SEBI & see what they say since it looks like, after 2 p.m. onwards, the price spent a lot of time below your target of 152.9 & with decent volumes; so, the broker basically ripped you off of at least 1.20x3000x4=14,400 (if not more).

 

[marimuthu13]

Which broker was it? And, you should definitely escalate it with SEBI & see what they say since it looks like, after 2 p.m. onwards, the price spent a lot of time below your target of 152.9 & with decent volumes; so, the broker basically ripped you off of at least 1.20x3000x4=14,400 (if not more).

View attachment 28970

actually problems with bracket order..not with liquidity in market..after selling 5 lots ..only SL order for 5 lots along with 1 lot target order was placed in systems

something to do with NEST,.. Broker owner is none other than Nitin's ex boss...

 

[marimuthu13]

i too faced same issue with other broker on Friday..

i placed sell order using BO 5 lots - IOC @ 154.90 SL 1 Tgt 2..

price went down below target ( 152.90), touched low of 152.15... whereas only one lot was closed at tgt price..rest 4 are closed @ market closing price 154.10 around 3.20 PM.

i wrote them email explaining errors..asked them to take responsibility.

meanwhile i thought of restarting zerotha after 6 years...from 3rd Oct'18 onwards.. but now dropped that idea......

Update:

Software vendor - thomas Reuters --called me directly on the issue related to friday's Bracker order errors,..

feeling better about my broker as they responding very nicely on query raised by client.

 

[HappyLife]

Update : The position got auto-squared off at 96.85 - loss of about 13000Rs.

TP no update on this... matter closed?

 

[timepass]

TP no update on this... matter closed?

It's with NSE through SEBI. I mailed them the documents, which they forwarded to Zerodha. NSE also asked for the physical copies, which I have sent by speedpost.

The matter is under process. Let's see what is the outcome.

 

[traderniftybull]

But, you didnt get any reply from Z.

 

[timepass]

But, you didnt get any reply from Z.

There was a reply simply listing the sequence of events, but no explanation. I replied with my questions, but no response to those so far.

Their stand is that I tried modifying the order while RMS was running. No response to how come a modification request ended in a new order, and how a BO got executed as NRML

 

[traderniftybull]

BTW, did Z debit any amount for short margin penalty.