Zerodha - Number One Discount Broker in India

which broker is big enough and reliable if one has to move out of Zerodha.. (among the discount brokers)
Zerodha is big but has never been reliable for traders.
IB should probably good enough but its for Futures only.
Other than that maybe RKSV ? It is in top 5 i think and is probably more reliable that zerodha from what i heard.
 

Schatz

Well-Known Member
IB means Interactive bro? They do have options. Recently there r news about some broking not able to process payout in timely manner.. By reliability i mean these issues more than day to day glitches which is also important....
 
IB means Interactive bro? They do have options. Recently there r news about some broking not able to process payout in timely manner.. By reliability i mean these issues more than day to day glitches which is also important....
Yes, Interactive Brokers. They are probably one of the biggest broker in the world even if Indian share is low. And now they have discount brokerage too + free api. ST has mentioned many times that they are very reliable in execution. I actually want to trade with them in future once i start trading futures. Seems no brainer for trading Nifty.
Payout issue - News was for karvy

Downside is that levrage is lower ( so lower risk on broker too) and they are not viable for stocks cash and even pharma futures. And every 3 months they send back money due to stupid SEBI rule that they rigidly follow without any workaround. Last one is the most annoying and so probably need a backup broker. Also they will charge min 200 + gst per month if there is no activity.
Good to have two brokers anyway .. My plan is to trade Nifty with them and stocks cash with another broker.

Looking for recommendations too. Right now i am trading with finvasia ( no issues + NOW) but will need to reconsider what to use with larger capital, was thinking RKSV but fyers now have free api.
 

Schatz

Well-Known Member
yes it is better to plan a backup well in advance ... i am well aware abt IB ... their TWS is click trading .. i like keyboard trading better.... like Nest ... for click trading there is something i would like to have but nobody has thought of it yet in India... trading from DOM.. it is best and most convenient
 
Yes, Interactive Brokers. They are probably one of the biggest broker in the world even if Indian share is low. And now they have discount brokerage too + free api. ST has mentioned many times that they are very reliable in execution. I actually want to trade with them in future once i start trading futures. Seems no brainer for trading Nifty.
Payout issue - News was for karvy

Downside is that levrage is lower ( so lower risk on broker too) and they are not viable for stocks cash and even pharma futures. And every 3 months they send back money due to stupid SEBI rule that they rigidly follow without any workaround. Last one is the most annoying and so probably need a backup broker. Also they will charge min 200 + gst per month if there is no activity.
Good to have two brokers anyway .. My plan is to trade Nifty with them and stocks cash with another broker.

Looking for recommendations too. Right now i am trading with finvasia ( no issues + NOW) but will need to reconsider what to use with larger capital, was thinking RKSV but fyers now have free api.
how are you using NOW with finvasia? they told me that they discontinued NOW
 
how are you using NOW with finvasia? they told me that they discontinued NOW
yes unfortunately they are phasing it out. Current users have not been shifted so far.

yes it is better to plan a backup well in advance ... i am well aware abt IB ... their TWS is click trading .. i like keyboard trading better.... like Nest ... for click trading there is something i would like to have but nobody has thought of it yet in India... trading from DOM.. it is best and most convenient
I cant trade directly, just dont like risk of mistakes. So all my trades go through some code layers in between. IB is perfect for that.
 

Schatz

Well-Known Member
If i have to try writing code for IB how do i do that.. any tutorial for that? I dont know much about connecting APIs and well.. but would like to learn easiest way to do that for Indian brokers and IB..

r u using python for the same?>
 
If i have to try writing code for IB how do i do that.. any tutorial for that? I dont know much about connecting APIs and well.. but would like to learn easiest way to do that for Indian brokers and IB..

r u using python for the same?>
IB - You can look at the reference, i did some initial testing in python a while ago and it worked well but i have not yet built a fully featured layer over it as i dont trade with ib yet. If you are using a charting tool, then maybe also check if it already supports IB. For Nest/Now, best way for me has been to use AHK and automate over GUI. But api will always be easier and faster.

We are a bit off topic in this thread, so wont continue further, good luck ..
 

lemondew

Well-Known Member
fyers free api is news for me. If you happen to use it let me know how it is.
Yes, Interactive Brokers. They are probably one of the biggest broker in the world even if Indian share is low. And now they have discount brokerage too + free api. ST has mentioned many times that they are very reliable in execution. I actually want to trade with them in future once i start trading futures. Seems no brainer for trading Nifty.
Payout issue - News was for karvy

Downside is that levrage is lower ( so lower risk on broker too) and they are not viable for stocks cash and even pharma futures. And every 3 months they send back money due to stupid SEBI rule that they rigidly follow without any workaround. Last one is the most annoying and so probably need a backup broker. Also they will charge min 200 + gst per month if there is no activity.
Good to have two brokers anyway .. My plan is to trade Nifty with them and stocks cash with another broker.

Looking for recommendations too. Right now i am trading with finvasia ( no issues + NOW) but will need to reconsider what to use with larger capital, was thinking RKSV but fyers now have free api.
 

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