Please recommend an altenative broker to Zerodha:
- without any strike restrictions for index options
- just as reliable as Zerodha
It depends on overall market OI, every broker was capped at 15% of total OI, we are trying to do various things to solve this to an extent.
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Atleast you can try to allow two longs for one short.
Yes, please suggest a reliable broker meanwhile
Zerodha.
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Haha 
on a different note, why is this post listed?! 
i guess it should be hidden so that no one can see it, correct?
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If it is account related or specific /support related we unlist.
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Thanx for clarification.
We 
zerodha
The only reason there are such restriction in zerodha is because there is no broker with better/equivalent facilities and platform robustness as compared to zerodha.
If there were multiple players in market who provides matching capabilities then there won’t be a situation where more than 15% OI belongs to a single broker.
In last few years multiple players have entered discount brokerage business and they are slowly rampimg up their platforms. A quick google search will give you 4-5 names. Once they have robust platform zerodha will be forced to remove these restrictions else they will loose clients.
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Why aren’t they capping the OI based on the no of clients a broker has…good way to solve the crisis right ?
Total number of active clients for all the stock brokers of the exchange 16015806
ZERODHA BROKING LIMITED Active clients 2923141
so - 2923141/16015806 = 18.25%
so zerodha’s ol should be 18%
Active client count can be manipulated and also main reason for this restriction is to control systemic risk which is a good thing. Imagine a broker has 30 or 50% of total OI and for some reason that broker platforms were not working on a given day then the entire market system is at risk, in order to control that systemic these kind of restrictions and limits were set. Broker loosing revenue and clients is secondary compared to overall effective functioning of markets and for greater good.
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Angel Broking is the appropriate answer. Same brokerage, less margin & trade for any strike rate. In addition, you can contact them to discuss any matter as Angel is full time broker.
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It is not depend on zerodha to restrict strike price or not its simply OI block done by sebi.
If motilal,sharekhan or Angele will have same amount of client that zerodha are managing right now
They have also do this strike price block thing
@nithin
Ri8?
You(zerodha) doing good enough.
Nifty has enough space to do hedges like iron condor and bull put spred etc…
Ha BNF me kuch zyada hi kam jaga he. Which is I think you people will figure it out atlist give 6 to 8 strike both side (12 to 16 in total)
That will be enough
Just 2 is not enough for bnf
DEEP OTM also have much risk for naked position in short side
For example : For Buying options, we need 1/3 or 1/4 premium. They don’t provide margin calculator. Ask them without any hesitation.