Does zerodha provide pledging against stocks for trading in intraday and future?
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.
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.
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
Zerodha Claims that Zerodha is the first brokerage in India to allow Bracket Orders & Trailing Stoploss on F&O. is that True?
8.1. siba prasad dash Apr 8, 2016 5:59:21 PM IST
7. Ranjit S Sahoo Mar 31, 2016 6:52:52 PM IST
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?
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?
I have recently joined Zerodha after submitting my information with topsharebrokers.com. I got call from zerodha in 24 hrs after submittng my request. After the first contact the joining procedure was easy. Just signed few forms and then they did rest for me. In next couple of days they had me signed up and provided me with my user ID and password.There trading platform Kite and PI are very user friendly. So I would say till now the experience is pleasant. Hope for better future with many more services with Zerodha.Happy trading.
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