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Zerodha |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #1  Posted: Thu Jul 30, 2015 11:24 am Post subject: Zerodha |
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ALERT
Just heard that discount broker firm Zerodha is almost bankrupt. Last 15 days they have margin issues with exchanges. All clients are getting no responses , no order execution etc.
kindly switch ur a/c to other broker as sebi can never pay for damage.
I have not verified, pl check from ur side. |
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kishjk7551
White Belt
Joined: 26 Jan 2008
Posts: 293
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| Post: #2 Posted: Thu Jul 30, 2015 11:37 am Post subject: Re: Zerodha |
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| vinay28 wrote: | ALERT
Just heard that discount broker firm Zerodha is almost bankrupt. Last 15 days they have margin issues with exchanges. All clients are getting no responses , no order execution etc.
kindly switch ur a/c to other broker as sebi can never pay for damage.
I have not verified, pl check from ur side. |
I am a trader with Zerodha and I am not facing any issues and all my contract notes and other updates are on time . Looking at their business model its hard for them to go Bankrupt because they don't provide margin to trade where as the number of orders getting executed from their platform is nearing 1 lakh trades per day which amounts to about 20 lakhs per day.
Regards |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3 Posted: Thu Jul 30, 2015 11:41 am Post subject: Re: Zerodha |
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| kishjk7551 wrote: | | vinay28 wrote: | ALERT
Just heard that discount broker firm Zerodha is almost bankrupt. Last 15 days they have margin issues with exchanges. All clients are getting no responses , no order execution etc.
kindly switch ur a/c to other broker as sebi can never pay for damage.
I have not verified, pl check from ur side. |
I am a trader with Zerodha and I am not facing any issues and all my contract notes and other updates are on time . Looking at their business model its hard for them to go Bankrupt because they don't provide margin to trade where as the number of orders getting executed from their platform is nearing 1 lakh trades per day which amounts to about 20 lakhs per day.
Regards |
Oh good, tks. I was also surprised as I heard their owner talking of more business on cnbctv18 last week. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #4 Posted: Thu Jul 30, 2015 11:52 am Post subject: |
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Vinay: Can we have some background of where you got this tip/ rumor?
Prakash Holla
Last edited by pkholla on Thu Jul 30, 2015 2:39 pm; edited 1 time in total |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #5 Posted: Thu Jul 30, 2015 2:17 pm Post subject: Re: Zerodha |
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| vinay28 wrote: | | kishjk7551 wrote: | | vinay28 wrote: | ALERT
Just heard that discount broker firm Zerodha is almost bankrupt. Last 15 days they have margin issues with exchanges. All clients are getting no responses , no order execution etc.
kindly switch ur a/c to other broker as sebi can never pay for damage.
I have not verified, pl check from ur side. |
I am a trader with Zerodha and I am not facing any issues and all my contract notes and other updates are on time . Looking at their business model its hard for them to go Bankrupt because they don't provide margin to trade where as the number of orders getting executed from their platform is nearing 1 lakh trades per day which amounts to about 20 lakhs per day.
Regards |
Oh good, tks. I was also surprised as I heard their owner talking of more business on cnbctv18 last week. |
Vinay pls don't spread any rumor here. If u talk anything it should be confirmed or backed by any fact. Because whoever is with Zerodha. It will creat panic in them. And due to u they will get loss in there trading. |
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RAJDESAI1967
Yellow Belt
Joined: 19 Mar 2013
Posts: 518
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| Post: #6 Posted: Thu Jul 30, 2015 3:06 pm Post subject: zerodha |
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i am atrader through zerodha... and i am getting timely regular pay outs since last 2-3 days..no issue in order executions also
regards |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #7 Posted: Thu Jul 30, 2015 4:00 pm Post subject: Re: Zerodha |
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| ajit602 wrote: | | Vinay pls don't spread any rumor here. If u talk anything it should be confirmed or backed by any fact. Because whoever is with Zerodha. It will creat panic in them. And due to u they will get loss in there trading. |
ajit, I have clearly stated that one should check it as I haven't verified. I saw it as a post on FB and alerted. |
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ProTrader
Site Admin
Joined: 06 Jul 2008
Posts: 433
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| Post: #8 Posted: Thu Jul 30, 2015 4:38 pm Post subject: |
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And this is in Strategies section  . May be we should start a section for Rumors  .
Anyways....this is locked for now.
--Fly High..PT |
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