Zerodha is a Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in India Stock, Commodity and Forex Market. It charges brokerage of 0.01% or Rs 20 per executed order, whichever is lower, irresp...
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77. Daily Trader Dec 28, 2012 10:47:09 AM IST | Reply
The fund transfers from bank account to Zerodha trading account are charged at Rs 9 per transaction. This is major disadvantage. Can zerodha resolve this?
77.1. Chittorgarh.com Team Dec 28, 2012 4:09:46 PM IST |
Dear Daily Trader,
There are various options available with Zerodha for fund transfer. Most of them are free. Please find the detail on below link:
Hi, I would like to open an account with Zerodha for trading purpose. I have another account with reliance securities, can I the same demat account to link this Zerodha trading account?
If not, is there any ice providers.
Thanks for you kind reply.
73.1. Sanjiv Dec 17, 2012 9:59:18 PM IST |
Yes you can surly Demat account with Reliance but its not recommended.
Zerodha has partnership with IL&FS for demat account and when you open the demat account with IL&FS, all the transactions between your broker account and demat accounts are seamless.
If you Reliance Demat account with Zerodha Broker Account, every time you sell the shares which are there in demat account, you will have to delivery the shares to Zerodha manually or e-instructions if Reliance provides that facility. This additional step will make trading little complicate.
Under the head Other Broker Hidden charges), it is mentioned that "Standard NSE charges, transaction charges and statutory levies are charged". It is not correct. As per NSE circular No.NSE/F&A/13029 dated 7-9-2009, the maximum transaction charges levied by Nse is Rs.190 per cr of turnover, and the minimum is Rs.175/cr, for Futures segment.This is the amount charged by other brokers also. But Zerodha charges its clients Rs.490/cr. In Options segment, Nse charges Rs.5000/cr of premium, but Zerodha charges Rs.8000/cr. It is a wrong charge under the guise of "statutory levies".
I have one question on Zerodha. Please provide authentic answers.
I was comparing it with one other brokerage and "After Hours Trading" was not ticked. Does that mean I cannot even place an order when market is closed. With my previous online broker, I always placed orders after hours so that it goes to exchange next day.
70.1. Chittorgarh.com Team Dec 09, 2012 9:43:12 AM IST |
We have corrected the information now.
Zerodha now allows After Hours Ourders (AMO) facility on the new trading platform ''Zerodha Trader''.
I have demat with geojit can I open only Trading Account with Zerodah and link it to my Geojit Demat. I asked Geojit they told that they wont ANNual Maintenance Charges) there is no any other charges or fees for the shares to get settled in DEMAT. Kindly Clarify my Doubts.
Intricate margin, i.e. much higher problems with their margin calculations and other problems. Day time one margin and after 2 OR 3 their margin balance changes, who knows all these bakwas thing. I got Rs8100 loss with their policies, at that time I told to allow roll over but not cooperated. (I told to them i will approach legally) Always some or other problems It is not bad but certainly not Good service
Brokerage - Excellent Account Maintenance Fees - Average Website Usability - Below Average Customer Service - Below Average Overall Experience - Below Average
Broking houses embark on branchless trading (Offer cheaper and more viable model) Priya Sheth Mumbai, Oct. 15
The pillars of the Indian retail broking model are slowly morphing into an e-broking structure without any physical presence. While most brokers are struggling to stay afloat in this uncertain market scenario, e-broking firm Zerodha is enjoying increasing business by the day.
Traditional brokerages do offer online trading facility to traders, but they do have physical branch in that area so that if there is any problem, traders can fall back on them.
Now even a number of bigger brokerages are betting big on the online brokerage model as it is a cheaper and more viable model.