I wonder why Market iceberg orders are not allowed in Zerodha but same are allowed in Angel One, Fyers, Dhan and many other brokers in the from of ORDER SLICING. In Angel One, just put as many qty. as you want and punch market order, and it automatically slices all orders in lags. There is no need to punch Limit Order.
But in Zerodha, iceberg market orders are not allowed due to regulatory compliances.
Why regulators are banning only Zerodha and not Angel One and other brokers?
Trading with large qty. was easy with iceberg market orders, @nithin please bring it back.
Regulators are generally very strict with Zerodha, I guess.
You can always put a LIMIT order at higher than current price (for buy orders), or lower than current price (for sell orders).
They work just like Market orders, and with some protection for very illiquid stuff.
It’s not about order execution, it’s about execution speed. It’s all about scalping. In scalping, milliseconds matters, putting limit orders takes 2-3 seconds. Those 2-3 seconds are precious for a scalper.
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