Zerodha Part 2

[sr114]

I am replying from my phone so can't a full essay but if u are
Worried about whAt can happen in India a broker doesn't even
Need to suffer a minor loss in some situation but still can make
U loose hevily u might or might not get the money back from
Court of law all i can say is when broker like HSBC religare who
Are my brokers cannot be trusted forget about online brokers

Only thing is risk 25 percent of your capital with these guys when
I wanted to open an account with these guys I clearly said will
Not risk a percentage more of my capital with RKSV OR ZERODHA

Though both of these guys are honest as of now and looks
Like will not run away with money I am assured of that

The problem are is they give huge leverage like one lot of nifty
With 7 k intraday now who can guarantee that there may not
Be any news in the world which. Can take nifty down 300 or 400
Points and they will be just lookin because this sort off fall can
Come in matter of seconds before even they can see which client
Is loosing how much

This loss can be much more then there company's net worth
And more then every one who works there where as religare and
HSBC can pay the money but these guys can't so who pays I
Guess u are intelligent enough

I am in markets from last decade make my living from it believe Me
Only god know when are lower circuits coming no one else u
Can't even react to it even algos fail the fastest computer fail

Only thing is that can they pay up I don't know I guess emkay
Has paid up 51cr for the errors can these guy pay

It's good it's cheap who knows the party may last for ever
In some time big guys will also come in discount broking till
Then save where ever u guys can but b cauitous

what ever leverage does Zerodha or RKSV r giving to u its is responsability to manage ur trade not their - so never complain what will happen when a lower circuit will happen? u will never complain when the upper circuit happens like May 2009

 

[My investmentz]

what ever leverage does Zerodha or RKSV r giving to u its is responsability to manage ur trade not their - so never complain what will happen when a lower circuit will happen? u will never complain when the upper circuit happens like May 2009

Now this is the most funny thing I have read where did I say
That trade is not my responsibility but if they suffer loss due
To giving leverage to me and I dont pay up they loose not me

And when any broker (and I am not talking about zerodha or Rksv
Goes broke then the money of clients is at risk )

In India people don't pay up after taking loans from bank buying
Things on credit card u just forget that any one woe pay up
After suffering huge losses in fno most will like to blame the broker
Only that why did he gave such leverage

And also more leverage = more trades = more brokerage and
In case of zerodha more transaction charges so they give leverage
To u guys there are no free lunches

If a instant fall of 500 nifty points comes without warning u will see
How many brokers get screwed

 

[hibhai]

Like me....Most of you tracking the post will be disappointed after what I am going to say now....I just called up Zerodha support today to confirm the launch of ZT mobile and guess what I was told.....Hold on to your horses guys...ZT mobile will not be launched atleast until 1st week of January ...so those who thought the launch is this week have become April fools, a good six months in advance.....

Like I always say, Zerodha is worst when it comes to learning from its mistakes....yet again they have given a promise which is not going to be fulfilled...and they are doing that after every 2 weeks, since last one year....

Zerodha/Sachin, any comments?

 

[megapixel]

When I joined Zerodha, I expressed my concerns about these and some other t&c, on telephone with Zerodha representative. But that representative didn't care about me (of course like any other Indian sales rep). Representative didn't know whether those documents are compulsory or not. He/She told me to just sign all the papers and send otherwise my account will not be opened. Also said- no need to fill the form. When I said that I will fill the form for myself, he/she tried to persuade me not to.

Good customer service is a nice thing. What is even nicer is to protect and educate your clients.



Your views Sachin? Also tell the members here how they can revoke PoA for those who would like to.

Thanks

there has been rising grudges and demand for PoA revoke in the forum for last couple of days....I'm feeling worried ....Can anyone please tell what damage a broker can do with PoA ?

although I don't think brokers will do anything wrong against their clients .....after all everybody here to do their business and reputation in this competitive era.

any wrong doings will spread very soon and they'll be out of business.

 

[megapixel]

Like me....Most of you tracking the post will be disappointed after what I am going to say now....I just called up Zerodha support today to confirm the launch of ZT mobile and guess what I was told.....Hold on to your horses guys...ZT mobile will not be launched atleast until 1st week of January ...so those who thought the launch is this week have become April fools, a good six months in advance.....

Like I always say, Zerodha is worst when it comes to learning from its mistakes....yet again they have given a promise which is not going to be fulfilled...and they are doing that after every 2 weeks, since last one year....

Zerodha/Sachin, any comments?

Sachin ,....this news must be wrong ....is not it ?
You posted that ZT Mobile is coming up next week .....right ?
I think the guy who responded was less informed ....please check this out.

 

[megapixel]

I am replying from my phone so can't a full essay but if u are
Worried about whAt can happen in India a broker doesn't even
Need to suffer a minor loss in some situation but still can make
U loose hevily u might or might not get the money back from
Court of law all i can say is when broker like HSBC religare who
Are my brokers cannot be trusted forget about online brokers

Only thing is risk 25 percent of your capital with these guys when
I wanted to open an account with these guys I clearly said will
Not risk a percentage more of my capital with RKSV OR ZERODHA

Though both of these guys are honest as of now and looks
Like will not run away with money I am assured of that

The problem are is they give huge leverage like one lot of nifty
With 7 k intraday now who can guarantee that there may not
Be any news in the world which. Can take nifty down 300 or 400
Points and they will be just lookin because this sort off fall can
Come in matter of seconds before even they can see which client
Is loosing how much

This loss can be much more then there company's net worth
And more then every one who works there where as religare and
HSBC can pay the money but these guys can't so who pays I
Guess u are intelligent enough

I am in markets from last decade make my living from it believe Me
Only god know when are lower circuits coming no one else u
Can't even react to it even algos fail the fastest computer fail

Only thing is that can they pay up I don't know I guess emkay
Has paid up 51cr for the errors can these guy pay

It's good it's cheap who knows the party may last for ever
In some time big guys will also come in discount broking till
Then save where ever u guys can but b cauitous

Thats OK. my question was general...not specific to discount brokers ......who knows even a biggie could go bankrupt! .....

what will happen to my F&O open position ? if you have shorted and open to unlimited loss ...how this position will be squared off ? Is there no way to get these positions in other broker's a/c and squared off there to stop loss or book profit .

 

[sr114]

Hi sr 114
How to get the following things in Zerodha Trader
Start Time/End Time/Open Rate /High Rate/Low Rate/Close Rate
These things available in NOW (Hourly Statistics)
But I do not know how to get it in Zerodha Trader
From
RaniHosur

2 way to get it in Zerodha Trader
1. from the Nest Plus - Data Table - get it and click on the col header - reposition the header there
2.
another way - click intraday chart- data table, same reposition of the col header

there u can set the data header u want
sr

 

[poortrader]

Hi

if u hav bought these shares long time back then first check with the share transfer agent of reliance for any corporate benefits like bonus and splits. the reliance group had broken out and had given free shares of many companies few years back. go to reliance website and check name and contact details of their share transfer agent. who knows yr shares might be worth few lakhs by now

Hi,
I have Some 60 Shares of Reliance with me in certificate form...I want to sell it off...What is a procedure ?? What forms I need to complete ??

These shares are in Joint Names, my name as First Holder and Second Holder as My brother's name...

Do I need to open Demat and trading account both with you ?? Pls Send the Document list ..

 

[letsgrownow]

Hi

if u hav bought these shares long time back then first check with the share transfer agent of reliance for any corporate benefits like bonus and splits. the reliance group had broken out and had given free shares of many companies few years back. go to reliance website and check name and contact details of their share transfer agent. who knows yr shares might be worth few lakhs by now

I have bought those shares at the time of Listing only, In which Reliance petro and other such de-listed cos from the reliance group. I just got dividend cheque...In that warrant they (Reliance) have mentioned No. of shares 60...It means after bonus and splits they have issued the bonus (in Rs.) to me...

I am from Pune, can I contact Karvey for this purpose as a Transfer Agent ??? Are they do transfer agent's work ??

But any ways thanks for your valuable advise...

 

[Zerodha]

So what you are suggesting here is I should contact ILFS directly to dematerialisation of Share first and then Open a Trading account with you or you will help me to do so ???

Which will be faster way to convert physical share to dematerialised ???

Can you contact me 8007244100..

First thing would be to open a demat account, We can get the ILFS guy in your city to help you out with both the account opening and dematerialization..