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ZERODHA - brokerage structure - contract copy |
givemegold
White Belt
Joined: 12 Sep 2010
Posts: 121
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Post: #1  Posted: Tue May 07, 2013 10:59 am Post subject: ZERODHA - brokerage structure - contract copy |
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There is a discussion going on Shout box today, as to how zerodha charges and they are comparing it with RSKV.
Look at this contract note from zerodha.
Disclaimer - it is not my contract note. copied somewhere from the net
I can publish the source from where it is copies - but donot know if it is right to mention that website. So not mentioned.
If i chart admin allows it... i will publish it here the link
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #2 Posted: Tue May 07, 2013 11:01 am Post subject: |
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| zerodha has a calculator available on their site, enter ur trade qty sell buy price u will see what they charge
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umesh1
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Joined: 24 Nov 2008
Posts: 1974
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| Post: #3 Posted: Tue May 07, 2013 11:11 am Post subject: |
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RKSV was the first one to put the calculator on their site,nowadays all are following the same,cost of trade is lowest in RKSV for volumes,comparison sheet of rksv and zerodha available for traders to decide
Cheers
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saumya12
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Joined: 21 Dec 2011
Posts: 1509
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| Post: #4 Posted: Tue May 07, 2013 9:00 pm Post subject: |
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Hi
Following are the brokerage charges of few discount brokers, except RKG all of them provide free online trading terminal (Zerodha Trader or NOW)
Zerodha charges 20 INR per trade, no plan for unlimited trade
RKSV charges 1947 per month for unlimited trade in freedom plan
Tradesmartonline charges 1500 per monthfor unlimited trade
RKG charges 9 INR per lot
Achiievers charges 500 INR per month for unlimited trade in Equity and FNO in their Mega Value Plan (minimum 1499 INR for 3 months). However their default brokerage is quite high.
IMO, for FNO trading (for day traders) Zerodha is no more a cheaper alternative, moreover for future traders their transaction charges are on the higher side, though stamp duty is on the lower side. But for option traders stamp duty doesnt matter much.
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umesh1
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Joined: 24 Nov 2008
Posts: 1974
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| Post: #5 Posted: Wed May 08, 2013 6:56 am Post subject: |
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Thanks Soumya,
great information for high volume traders
regards
Umesh
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rishveer
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Joined: 15 Mar 2012
Posts: 105
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| Post: #6 Posted: Wed May 08, 2013 9:51 am Post subject: |
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| saumya12 wrote: | Hi
Following are the brokerage charges of few discount brokers, except RKG all of them provide free online trading terminal (Zerodha Trader or NOW)
Zerodha charges 20 INR per trade, no plan for unlimited trade
RKSV charges 1947 per month for unlimited trade in freedom plan
Tradesmartonline charges 1500 per monthfor unlimited trade
RKG charges 9 INR per lot
Achiievers charges 500 INR per month for unlimited trade in Equity and FNO in their Mega Value Plan (minimum 1499 INR for 3 months). However their default brokerage is quite high.
IMO, for FNO trading (for day traders) Zerodha is no more a cheaper alternative, moreover for future traders their transaction charges are on the higher side, though stamp duty is on the lower side. But for option traders stamp duty doesnt matter much. |
Good work saumyaji,
Trader who trade with his system or plan,and making profit consistently will provide him success and confident,will need not worry about the brokerage plan.
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beowulf
White Belt
Joined: 18 Aug 2010
Posts: 163
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| Post: #7 Posted: Wed May 08, 2013 9:02 pm Post subject: |
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A little off topic...
Can Zerodha users give some feedback please...?
I use ICICIDirect and its ok...but their brokerage is insane for options...
Also I have seen that everytime the market crashes/shoots up, the website is down...pretty consistent observation since the past 3 yrs.
1. How are Zerodha speeds
2. How is the charting software..? Any alternatives? I currently use the free version of chartnexus...
3. Any customer support..?
I plan to use it only for Options. Might open an account this week, so please suggest if there are any other alternatives...
Sorry for hijacking the thread 
Thanks,
Beo
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #8 Posted: Wed May 08, 2013 9:36 pm Post subject: |
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| beowulf wrote: | 1. How are Zerodha speeds
2. How is the charting software..? Any alternatives? I currently use the free version of chartnexus...
3. Any customer support..?
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1. good. u either use nse's software now.exe or zerodha trader.
2. u gotta pay some amt monthly for chart plus. you get a free trial with it though. and there is algo-trade recently made available, as per your ema algo setup trades will auto-execute if you want.
3. good so far the no. of times i have had to use email / phone.
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beowulf
White Belt
Joined: 18 Aug 2010
Posts: 163
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| Post: #9 Posted: Wed May 08, 2013 11:03 pm Post subject: |
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| apka wrote: | | beowulf wrote: | 1. How are Zerodha speeds
2. How is the charting software..? Any alternatives? I currently use the free version of chartnexus...
3. Any customer support..?
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1. good. u either use nse's software now.exe or zerodha trader.
2. u gotta pay some amt monthly for chart plus. you get a free trial with it though. and there is algo-trade recently made available, as per your ema algo setup trades will auto-execute if you want.
3. good so far the no. of times i have had to use email / phone. |
Thanks much apka..!
I dont use any algo trading, I'm really good at loosing money without fancy algos.. 
But I do feel the need for a slightly better charting software. The guy I talked to said that their software is free with a trading account.
Will go ahead with a basic FnO account for now...
Thanks again,
Beo
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AmitSwl_FnO
White Belt
Joined: 18 Feb 2013
Posts: 75
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| Post: #10 Posted: Thu May 09, 2013 9:56 am Post subject: |
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1. How are Zerodha speeds
"Zerodha speeds are excellent
2. How is the charting software..? Any alternatives? I currently use the free version of chartnexus...
"Charting software is poor..it is provided by omen.But for algo it is ok. For general Charts usage...iCHARTS are the best.
3. Any customer support..?
Zerodha Customer support is very good.
I have been using Zerodha since 2011. Nowdays some even cheaper brokers have entered rksv,vpsshare...Do check them also
Amit
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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| Post: #11 Posted: Thu May 09, 2013 1:17 pm Post subject: |
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| saumya12 wrote: | Hi
Following are the brokerage charges of few discount brokers, except RKG all of them provide free online trading terminal (Zerodha Trader or NOW)
Zerodha charges 20 INR per trade, no plan for unlimited trade
RKSV charges 1947 per month for unlimited trade in freedom plan
Tradesmartonline charges 1500 per monthfor unlimited trade
RKG charges 9 INR per lot
Achiievers charges 500 INR per month for unlimited trade in Equity and FNO in their Mega Value Plan (minimum 1499 INR for 3 months). However their default brokerage is quite high.
IMO, for FNO trading (for day traders) Zerodha is no more a cheaper alternative, moreover for future traders their transaction charges are on the higher side, though stamp duty is on the lower side. But for option traders stamp duty doesnt matter much. |
thanks for the info saumya12, good job. 
regards
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