Zerodha Broker Review and Discussion

avatar
15. Naveen  May 26, 2016 7:40:03 PM IST Reply
Is Zerodha suitable for first time traders?
I am first time trader so is it suitable to go with discount brokerage firms or with full brokerage firms. Please suggest.
avatar
15.1. Vijay  May 27, 2016 3:32:52 PM IST
Yes Naveen, Discount brokers are the best fit for first time investors.
1: Low brokerage
2: No Minimum Brokerage
3: You can do small trades like buy 10 and sell 10 shares and so on.
avatar
15.2. Santosh  Jun 7, 2016 4:16:20 PM IST
I think you can also invest in mutual funds.
avatar
15.3. Vijay  Jun 7, 2016 9:22:36 PM IST
Yes you can invest in Mutual Funds with Zerodha - Please read detail article https://www.topsharebrokers.com/article/mutual_fund_investment_with_zerodha/26/
avatar
14. sajan  May 13, 2016 11:43:53 PM IST Reply
Zerodha is having lost of issue with there connectivity...Thats not good for investors.
avatar
14.1. Kunal  May 13, 2016 11:47:21 PM IST
I am also having a lot of problems with them and I wanna switch to a new discount broker. Could you please tell me which broker you are using at the moment ? Would really appreciate your advice and suggestions.

Thanks and awaiting your response..
avatar
14.2. Sajan P  May 13, 2016 11:48:34 PM IST
I suggest go ahead with small brokers who are using traditional tools like NSE NOW, ODIN.
avatar
13. vijay  May 13, 2016 11:44:32 PM IST Reply
After all of this management is replying like this:
Dear Traders,

Over the last 10 days multiple leased line and data centre faults have affected us.We have clients distributed across multiple leased lines connecting to the exchanges from our data center. Each line has one line as well. After almost 1 year of no issues, we have had issues crop up in rapid succession.

1. Tuesday, 3rd May at 3.20 pm, one of the lines along with the failed. It was too near to the closing of the market, hence we couldn''t switch clients from this line to another.

2. Wednesday, 4th May at around 10.20 am, again the same lines with the failed. Since the exchange technology in India doesn''t support active failover, took us over 20 minutes to move clients manually from one to another. Orders placed before this incident wouldn''t get a status update since the clients were moved to a separate line. Hence the orders placed earlier couldn''t be cancelled and status was shown pending until around 2 pm, when we could connect the old lines and reconcile.

3. Monday, 9th May at around 9.20 am. Our team worked right through the weekend to ensure the best is done so that we are ready if the leased lines were to fail again. We flew some of the team to Mumbai and worked with two different data centres and ISPs. We were also super excited about releasing the new Kite web app on Monday into which a lot of love and hard work has been put in.

You can call it extreme misfortune that our second data center in Mumbai, where Kite servers are located, developed issues with internet connectivity (although we have multiple ISPs peered to it). So connectivity was on and off for almost an hour, probably also causing an impression that it was due to the new launch. All the other platforms were working perfectly fine.

In times when there are issues, our support team is subjected to exponential increase in work and pressure, hence slower response time. I acknowledge that we can do better to proactively inform you with regular updates in such times. We will do the same from now on https://zerodha.com/marketintel/Bulletin/

I am sorry for the inconvenience and heartache this has brought. It''s extremely unfortunate that it was completely out of our control, despite all the failsafes we have in place to avoid scenarios such as these, as is the case. I want to assure all of you that, we have been doing everything possible to ensure that you have the best experience, and we will continue to do so.

Thank you for your continued support.

Nithin Kamath
avatar
13.1. Sandeep  May 13, 2016 11:46:17 PM IST
This is real time problem i have faced - There Kite platform was showing order placed successfully , but it reality nothing was happening . My order was not placed. Shame on Zerodha service.
avatar
12. SURAJ  May 13, 2016 10:49:40 PM IST Reply
is zerodha provides exposer on Delivery, also when i transfer money from my bank to zerodha, what is the charges? how many total company listed with zerodha where exposers can be used...
avatar
11. Sandeep  Apr 12, 2016 3:15:15 AM IST Reply
How much time it will take to trasferring funds from- and to- Zerodha trading account?
avatar
11.1. Balachandar  May 12, 2016 11:12:16 PM IST
In general Instantly, the fund will hit your trading account. General better to transfer during banking works
avatar
10. krishnan  Apr 18, 2016 8:02:09 AM IST Reply
Does zerodha provide pledging against stocks for trading in intraday and future?
avatar
10.1. Vijay  May 4, 2016 8:10:28 AM IST
Yes,Zerodha provide Margin Against Shares(MAS), There is specific haircut for securities, so you will get collateral margin after haircut. Client need to have 50% cash before using the collateral amount, cash to collateral ratio is 50:50, in case of negative margin, Zerodha allow to do the trade but charge interest on negative amount with 0.05% per day. Zerodha charge Rs 60 for pledge and un-pledge.
avatar
9. Fayaz ahmad  Mar 29, 2016 7:15:51 PM IST Reply
Does my money is safe with Zerodha?
avatar
9.1. Vijay  Mar 29, 2016 7:27:54 PM IST
Your Money with zerodha paid as margin is completely safe.Thakns to SEBI and stock exchange to making strict rules.Generaly brokers collect more margin at the time of volatile events like budget, internation trandes and so on, so Zerodha is pretty safe.

Zerodha is only depository participant, so they dont hold your share when its come to equity delivey,they are with either NSDL or CDSL.In Cash market purchase, money stays with Zerodha only for T +2 days and after that shares come in depositor.

so in summary your money is completely safe with Zerodha.
avatar
9.2. siba prasad Dash  Apr 8, 2016 6:07:04 PM IST
Of course. Yes, you have to give POA, but they are professional and their CEO, Nitinji is an inspiring figure. I am with zerodha for the last three years. So much proud to be with zerodha, bcz their client service is one of the best. The main thing is they are generally truthful about their activities.
Siba prasad Dash DS1705
avatar
8. Saleem  Mar 29, 2016 9:30:13 PM IST Reply
Zerodha Claims that Zerodha is the first brokerage in India to allow Bracket Orders & Trailing Stoploss on F&O. is that True?
avatar
8.1. siba prasad dash  Apr 8, 2016 5:59:21 PM IST
yes
avatar
7. Ranjit S Sahoo  Mar 31, 2016 6:52:52 PM IST Reply
On March 31,2016, Zerodha 60 day challenge promotion expired,I checked Zerodha Website, they removed the link from there home page. The page "https://zerodha.com/60-day-challenge" working but they removed refund brokerage and add "The challenge is open for all Zerodha clients forever!".If you have a profitable track record of at least 3 months at Zerodha, you have a chance to be featured on OpenTrade.in as a star. Brokerage reversal will be max up to 6000 rs. Is that True?
avatar
6. Rajan  Mar 29, 2016 9:31:48 PM IST Reply
Hi,

I have some basic questions regarding MIS & CO type orders for Equities.

Suppose, ABC share is pricing at 20.40.
I have Rs. 200 on my account. I want to buy its share with MIS type, I will be able to buy, 150 shares of it with such account balance. Its got leveraged. But Suppose my SL at 19.50 & market hit my SL then how much loss I will get on my account?

Is it, 20.40-19.50 = .90*150 = Rs. 135.0 or more?

With following Zerodha calculator
https://zerodha.com/margin-calculator/BracketCover/

It shows Margin requirement of Rs. 168. Then will I lose whole margin or Rs. 135.00?

Also if it moved in my favour at 22.00. Then what will be my profit count?

Regards
Rajan

Enquire Trading Brokers:

Name:Phone:
Email:City:
State:
Are you a day trader?

Free Direct Mutual Fund Investment

Free Delivery trading


Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity
Open Account Now

5paisa Review  5paisa

Trade in Cash and F&O at Just Rs 10. Save 95% on Brokerage.


Instant - Online Account Opening
GET FREE Demat Account

Beginner, seasoned investor, active trader or HNI. Get customised solutions.


Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)
Open Free Account

Fyers Review  Fyers

Free Delivery trading

High Leverage


Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity
Open Account Today

ProStocks, The Flat Rate Discount Stock Broker

Flat Fee - Rs 15 Per Trade


Lowest Stamp Duty

Get FREE Trading + Demat Acct

Flat 20% discount on online transaction


Rs 0 account opening fee on Demat Acct

Join Now




Sub brokers by name

Hyderabad Rajkot Chennai Jaipur

Sub brokers by name

Indore Lucknow Nagpur Ludhiana

Sub brokers by name

Allahabad Kanpur Patna Ernakulam



Search topsharebrokers.com:

Translate topsharebrokers.com: