Instead of brokerage refund, u can hv option to hv Zero Brokerage for Next Challenge.
Dear, Zerodha,
Your tagline is Zero Brokerage or Rs 20 per executed order.
Is that possible to add option for absolute Zero Brokerage for 60 day challenge winner for next challenge instead of refunding the brokerage(after deduction of Service Tax)?
In that way you don't have to refund any money and we can save service tax for next challenge, also our break even would be much lower with Zero Broerage.
Idea is simple: If some one won 1st challenge, no brokerage refund but trade with completely Zero Brokerage(On contract notes) for 2nd challenge.
If he/she continues to win 2nd challenge, brokerage for 3rd challenge would be zero and so on. Whenever someone loose a challenge, he/she have to start again and pay brokerage for next challenge.
You can have both option A. current brokerage refund policy with above policy B. absolute zero brokerage for next challenge for your clients.
With new option B. you'll be better than all fixed brokerage discount brokers for 60 day challenge winners.
You don't have to pay anything more (even no money as brokerage refund) but we can save service tax (also breakeven would be lower, good chance for scalping).
Its a win win condition for both. Please think of it. Just a good idea.
Best Wishes & Happy Trading.
H.C.