Zerodha....
- Thread starter bharath.mang
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- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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HI sachin
Last year when i spoke to you regarding cash future hedging you said it could be done with ZERODHA then when i was about to open the account you said 30 % margin has to be brought in cash
Again after reading the horrific performence of NOW online i gave up the Idea of trading with you guys as trading with edelweiss was not so expensive either
now that you people are migrating to same software i use , i though of again opening an account i was ready to pay the unjustified 30 % margin you were asking and sent a email to ZERODHA AS i read thread you people are ready to provide margins like any other broker ( which you have replied in this thread )
NOW the reply i get from MR bharath is that when i buy stocks i cant sell futures same time as the stocks will come in my DP two days later so how can i do cash future arbitrague now which you said i could have done last year with ZERODHA
If dont get Margin on real time basis to sell future how are you like any other broker providing margins your software might be like other brokers but your system is not if understand correctly from Mr Bharath's Email
If i might have not understood correctly kindly explain are you providing margins like other brokers or are you making your own margin rules
As it is you have stated that above in reply to Mega pixel that DP business is just 1 % ( so those one percent are there or not is not important )
Now isnt It funny that i will buy a stock Today and hedge it two days after when it might be up or down 15 % when we really dont let the postions open for even 5 seconds :clap:
I am not arguing here about margins as others have done but i would suggest instead to giving people vague replies and arguing with them kindly correct your system
Last year when i spoke to you regarding cash future hedging you said it could be done with ZERODHA then when i was about to open the account you said 30 % margin has to be brought in cash
Again after reading the horrific performence of NOW online i gave up the Idea of trading with you guys as trading with edelweiss was not so expensive either
now that you people are migrating to same software i use , i though of again opening an account i was ready to pay the unjustified 30 % margin you were asking and sent a email to ZERODHA AS i read thread you people are ready to provide margins like any other broker ( which you have replied in this thread )
NOW the reply i get from MR bharath is that when i buy stocks i cant sell futures same time as the stocks will come in my DP two days later so how can i do cash future arbitrague now which you said i could have done last year with ZERODHA
If dont get Margin on real time basis to sell future how are you like any other broker providing margins your software might be like other brokers but your system is not if understand correctly from Mr Bharath's Email
If i might have not understood correctly kindly explain are you providing margins like other brokers or are you making your own margin rules
As it is you have stated that above in reply to Mega pixel that DP business is just 1 % ( so those one percent are there or not is not important )
Now isnt It funny that i will buy a stock Today and hedge it two days after when it might be up or down 15 % when we really dont let the postions open for even 5 seconds :clap:
I am not arguing here about margins as others have done but i would suggest instead to giving people vague replies and arguing with them kindly correct your system
@ Anil, I guess you are not trading with us?? Because we are not giving you all those features that is mentioned..
hmmm.. I am wondering why all the bashing if you are not trading with us??
hmmm.. I am wondering why all the bashing if you are not trading with us??
just ask him to close a/c, he cant do that since he doesnt have an a/c in the first place.
Not difficult...you just have to keep margins in those and keep a written record of passwords....too much confusion in which password for which account.... and changing password and log in /transaction password make matters a bit worse...but with practice one can handle I guess....
Smart_trade
and changing password and log in /transaction password make matters a bit worse...but with practice one can handle I guess....Smart_trade
Not difficult...you just have to keep margins in those and keep a written record of passwords....too much confusion in which password for which account.... and changing password and log in /transaction password make matters a bit worse...but with practice one can handle I guess....
Smart_trade
and changing password and log in /transaction password make matters a bit worse...but with practice one can handle I guess....Smart_trade
. They all need to be changed in 14 days. I also keep the same backoffice password for all the brokers . Lazy, huh 
Guys,
Today seems to be a day of royal bashing....
We have migrated 50 clients yesterday to trade on Zerodha Trader. A few of them are on this forum as well, but I guess they are not actively following this thread.
@Anil Lal, the reason we cannot move everyone on one day is because, we have almost 15000 clients and though the keys are all similar to NOW, still requires some training. Can't be done for all 15000 at one time. The other challenge for us is also that we are creating common ID's for equity, commodity and backoffice. For eg, on now the id used to be ds0001 , on BO and comm HODS0001.. It is going to be common across the board now, DS0001. This has to be uploaded to the exchange... We cannot do this for 15000 at 1 time.
Also we want to extend the intraday margin facility to upto 3.25pm as requested by a lot of you. This will be done by introducing 2 product codes MIS(intraday) and NRML(overnight), will work similar to how it works on equity MIS and CNC. We have to again train our clients on the same before getting them started on the new platform.
We have already initiated migration for another 100 clients today, if you want to move out immediately, send us an email to [email protected] and we will have it done at the earliest...
Today seems to be a day of royal bashing..
.. We have migrated 50 clients yesterday to trade on Zerodha Trader. A few of them are on this forum as well, but I guess they are not actively following this thread.
@Anil Lal, the reason we cannot move everyone on one day is because, we have almost 15000 clients and though the keys are all similar to NOW, still requires some training. Can't be done for all 15000 at one time. The other challenge for us is also that we are creating common ID's for equity, commodity and backoffice. For eg, on now the id used to be ds0001 , on BO and comm HODS0001.. It is going to be common across the board now, DS0001. This has to be uploaded to the exchange... We cannot do this for 15000 at 1 time.
Also we want to extend the intraday margin facility to upto 3.25pm as requested by a lot of you. This will be done by introducing 2 product codes MIS(intraday) and NRML(overnight), will work similar to how it works on equity MIS and CNC. We have to again train our clients on the same before getting them started on the new platform.
We have already initiated migration for another 100 clients today, if you want to move out immediately, send us an email to [email protected] and we will have it done at the earliest...
Its good if you want to extend the intraday margin facility to up to 3.25pm, but by introducing 2 product codes MIS (intraday) and NRML (overnight), its really very horrible for trader due to following reason.
1 The system was tested in RKSV, and is totally disaster, we have to convert all the trade before 3.15 PM and its take may be 30 Minutes , its mean all your time waste for just doing conversion.
2. I choose as default NRML in an order window, so no need to select every time in order, just put Qty. and press enter, I need fast, otherwise miss the trade.
3. You cant convert previous day position in to MIS , you have to square up first than take new position in MIS, otherwise your all margin blocked.
Thats why I close RKSV account, and I choose Zerodha again, however I am loosing Rs 6000-8000 in brokerage cost.
So please extend time to 3.20 or 3.25 but please dont mess up the system. Thanks
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