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  #21 (permalink)  
Old 03-11-2010, 06:41 PM
no1lives4ever no1lives4ever is offline
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I have a simple query.

The stated brokerage on zerodha is Rs.20/- per order of futures traded. Irrespective of the number of lots traded. + additional charges like security transaction tax, exchange fees, service tax, etc.

Can we have a breakdown of charges from zerodha? I understand that brokerage is fixed per order, but other charges are dependent on the number of lots traded.

e.g. Take hypothetical intraday trades on Nifty Futures and describe how the charges apply to those trades.

I am sure doing such a thing will make it very easy for anyone to compare the rates from zerodha with their current broker.

-- no1lives4ever
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Old 03-11-2010, 06:49 PM
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For those newbies ... and those who are still with only one broker from ages ...

Can u put up screen-shots of
1. the terminal
2. order placement
3. contract notes
and if I am missing something BUT important ... you can add pls

And yes .. currently u r based in Bangalore only (from what I read at some forum/group) ... what abt other cities? How does one open accounts? By when would you be available in the metros as well as the bigger names aka Ahmedabad, Pune, Nagpur, etc. just to name a few.
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Old 03-11-2010, 07:12 PM
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Originally Posted by MurAtt View Post
For those newbies ... and those who are still with only one broker from ages ...

Can u put up screen-shots of
1. the terminal
2. order placement
3. contract notes
and if I am missing something BUT important ... you can add pls

And yes .. currently u r based in Bangalore only (from what I read at some forum/group) ... what abt other cities? How does one open accounts? By when would you be available in the metros as well as the bigger names aka Ahmedabad, Pune, Nagpur, etc. just to name a few.

Kolkata

There are some traders there too
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  #24 (permalink)  
Old 03-11-2010, 07:24 PM
no1lives4ever no1lives4ever is offline
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Why is there a requirement to have a local office of the broker?

With internet trading, you do not really need to visit the broker's office. And with STD calls so cheap, having a single national call centre would be a better use of the broker's call centre resources.

For collecting forms, etc, one can always use the courier services.

I have never visited my broker's local office ever. I have only talked to my RM a few times.

Now if a broker can charge me lesser by centralizing their operations and by not having any local offices, then I would go with that broker.

-- no1lives4ever
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Old 03-11-2010, 07:25 PM
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Originally Posted by alder View Post
Its not about filing bankruptcy!

Some RM`s and brokerage houses were (in)famous for trading in clients account. The RM executes the trades without client instruction and mounts the losses. Finally one fine morning, the client sees the complete erosion of his money/capital.

Indiabulls had this bad name and they implemented RSA keys to hamper this!


At Zerodha, our entire concept is to enable the End User. We discourage our clients to call and trade by charging them extra for 'call and trade'. So no RM can actually trade on Zerodha for a client.
We trade for a client only when we have explicit instructions to do so. The cost of brokerage is so low from our end, it doesn't even make sense for us to simply punch in orders and ruin our relationship with our clients.
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Old 03-11-2010, 07:29 PM
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Originally Posted by no1lives4ever View Post
I have a simple query.

The stated brokerage on zerodha is Rs.20/- per order of futures traded. Irrespective of the number of lots traded. + additional charges like security transaction tax, exchange fees, service tax, etc.

Can we have a breakdown of charges from zerodha? I understand that brokerage is fixed per order, but other charges are dependent on the number of lots traded.

e.g. Take hypothetical intraday trades on Nifty Futures and describe how the charges apply to those trades.

I am sure doing such a thing will make it very easy for anyone to compare the rates from zerodha with their current broker.

-- no1lives4ever

Points required to break even on Nifty Futures:
For 1 lot breakeven 2.50
for 2 lots 2.10
for 3 lots 1.97
for 4 lots 1.90
for 5 lots 1.86
for 6 lots 1.83
for 7 lots 1.81
for 8 lots 1.80
for 9 lots 1.79
for 10 lots 1.78
for 11 lots 1.77
for 12 lots 1.77
for 13 lots 1.76
for 14 lots 1.76
for 15 lots 1.75
Further as the no of lots increase the lowest breakeven will occur at 1.70.

Points required to break even on Nifty Options:

1 lot , points to break even : 0.98
2 lots , points to break even: 0.54
3 lots, points to break even: 0.39
4 lots, points to break even: 0.32
5 lots, points to break even: 0.28
6 lots, points to break even: 0.25
7 lots, points to break even: 0.22
8 lots, points to break even: 0.21
9 lots, points to break even: 0.20
10 lots, points to break even: 0.19
15 lots, points to break even: 0.16
20 lots, points to break even: 0.14
above 20 lots points to break even: 0.13
above 100 lots points to break even: 0.10
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  #27 (permalink)  
Old 03-11-2010, 07:32 PM
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Originally Posted by zerodhaonline View Post
Points required to break even on Nifty Futures:
For 1 lot breakeven 2.50
for 2 lots 2.10
for 3 lots 1.97
for 4 lots 1.90
for 5 lots 1.86
for 6 lots 1.83
for 7 lots 1.81
for 8 lots 1.80
for 9 lots 1.79
for 10 lots 1.78
for 11 lots 1.77
for 12 lots 1.77
for 13 lots 1.76
for 14 lots 1.76
for 15 lots 1.75
Further as the no of lots increase the lowest breakeven will occur at 1.70.

Points required to break even on Nifty Options:

1 lot , points to break even : 0.98
2 lots , points to break even: 0.54
3 lots, points to break even: 0.39
4 lots, points to break even: 0.32
5 lots, points to break even: 0.28
6 lots, points to break even: 0.25
7 lots, points to break even: 0.22
8 lots, points to break even: 0.21
9 lots, points to break even: 0.20
10 lots, points to break even: 0.19
15 lots, points to break even: 0.16
20 lots, points to break even: 0.14
above 20 lots points to break even: 0.13
above 100 lots points to break even: 0.10

I suppose these are points that need to be made on 2 legs of a trade. With commisions & charges for both the legs?

-- no1lives4ever
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  #28 (permalink)  
Old 03-11-2010, 07:36 PM
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Originally Posted by MurAtt View Post
For those newbies ... and those who are still with only one broker from ages ...

Can u put up screen-shots of
1. the terminal
2. order placement
3. contract notes
and if I am missing something BUT important ... you can add pls

And yes .. currently u r based in Bangalore only (from what I read at some forum/group) ... what abt other cities? How does one open accounts? By when would you be available in the metros as well as the bigger names aka Ahmedabad, Pune, Nagpur, etc. just to name a few.


To answer your queries:
1. The terminal is NOW from NSE - screen shots will be made available soon.
2. We cannot upload contract notes as it would be a breach of trust from our end. However, if any user is willing to put up his/her contract note, it would be great.
3. We are currently based in Bangalore only. Our brokerage model works on a very low cost setup and it would increase costs for us to have offices all over the place. However, we do intend to have offices everywhere and this may happen over the next few years.
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  #29 (permalink)  
Old 03-11-2010, 08:04 PM
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Yes, the above mentioned breakeven points are inclusive of all charges and for 1 full trade, that is including buy and sell(both the legs) of a trade... Cheers...
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  #30 (permalink)  
Old 03-11-2010, 08:10 PM
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Hello, Zerodha

Suppose one Buy 3 lots of Nifty Fut in one order and sells them with 3 different orders at 3 different rates. how much brokerage should be payed 20 or 60

regards
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