Zerodha Update - MIS/BO/CO positions that are left open at the usual intranet square off times, which zerodha RMS team need to square off are going to charge Rs 20 as call-and-trade charges. This is to reduce last minute heavy on trading application as well as required more awareness from investors. To avoid this charges, investors need to square off their IS/BO/CO position voluntarily before the square off time.
Zerodha attracted me initially becaof its low brokerage but I got disappointed by Zerodha pretty soon.
I paid Rs. 300 online to open my account then Zerodha executive called me and said that arrange required documents and someone from Noida office will call me and pickup my documents next day.
I arranged all my documents which were required to open my account but no one called/ no one came. I waited for one week and then I called again he said again that he has checked and now someone will call you and pickup your documents tomorrow. This continued for more than three weeks.
Finally I lost my patience and opened my account with another brokerage company(No need to mention the name of that company coz I am not their marketing agent). This company has slightly higher(0.03/0.30) brokerage but their customer support is awesome.
Now, when I raised my concern with Zerodha support team then that request routed to same executive who was promising me to pickup my documents from past three weeks. And again the cycle continued and he said he will arrange my documents pickup tomorrow. But this time I was in no mood to get into that trap again.
Guys, I lost Rs. 300 but positive point is that at least this incident saved my millions. I was wondering(a hypothetical situation just to calm down my frustrated mind) that what happened if I transferred my money for trading and I got any issue and their customer support was responding in the same way as they were responding for opening my account. Then I will loose all my savings.
Please be aware of many such companies in market and choose one carefully after doing some research at your end.
Terrible , I had posted a query with them and waiting since ever for a response.
They send my issue to somebody by name Nikhil from RainMatter, who apparently is one of the founder but that guy refuses to pick my call or provide any response after waiting for almost 2 months now !!
ICICI Direct or any of the other Demat providers are more professional and closes any issues within 48 hrs.
Zerodha is unprofessional , no process and waiting on one or 2 big guys for some approval and response ! Pathetic !
The only email i ever got from this guy and the Zerodha team was:
Hi, I m new in this field. Minimum howmuch money will require to deal in nifty option. Please suggest...
28.1.AashutoshApr 16 2017 10:08:13 AM
Hi Shakib,
Nifty lot size is 75. It depends on the premium price of nifty option which you are looking for . Lets say if premioum price is 2 then you need only 2X 75= Rs. 150/-.
If you want get in trouble in your life and lose all your money than go with this ****... They have no responsibility of Service there software will place order randomly or do mauplation.. You will be sucked and you will lose all your money becaof Zerodha.
They say last that we are not responsible for software system faliure malfunction it, they manipulate your account and make bankrupt.
Guys please Stay away any one needs proof of software working contact me 7030397975.. It happened recently 25-Jan-16.. They are fraud and scam people specially Hanan Delving -he tells he is not responsible for software failure and it''''s market loss.. When order executed without our consent how that is market loss guys.. Stay away don''''t run behind cheap people check people who not take responsibility... Wiped my 4 Lakhs from 25-Jan-16 to 31-Jan-16 just in matter 2 days they wiped my account with unknown trades without my consent and thsoe you cannot see on their trading platform or even their support team can''''t you only see your margin blocked and your balance deduction every end of day when you ask it''''s software problem you see wrong information in back office.
Stay away from Hanan Delving & Zerodha team ... Stay away from pathetic service Keep your money Safe it''''s hard to get back so much amount.... Becaour system is its faliure to action against such malfractices as SEBI it''''s self doesn''''t take responsibility of software glitch as per it''''s terms and conditions But who is responsible for software failure share broker & you can only fight manipulation and execution of order.. They manipulate software logs easily it''''s very easy to change software logs and order history as they have source code software as it''''s in hosoftware... You will be trapped with huge loss
27.1.AashutoshApr 16 2017 10:04:12 AM
Zerodha is a very good brokerage company with great tranparency .We have been working on our systems and could proudly say that zerodha systems are now at par with worlds best systems for trading and share investments .
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