Well, in right spirit, this is not the correct rely. If I have sold in MTF, why would I buy in CNC. It will block my more cash. Also, this way system do not work. If a particular person works his strategy in CNC or MTF than he will follow accordingly, he will not change again and again. In my opinion MTF should purely work as intraday system in which there should not be any restriction.
Agree with you, but to cover some edge cases we have kept it that way, will check with team if we can do something about this.
How?
As the margin blocked would be 25% which would be 6250 and interest charges will be on remainig 75%. What is the point in having free balance if u have to pay interest
Initial query is how to reduce leverage, anyhow coming to your query earlier one would need to pay interest on 75k now only on 37.5 k, also funded amount can be further reduced if one uses free cash to buy more in cnc thus reducing quantity bought in MTF.
More than a week has been passed since your reply to the tagged post. There have been several guidelines of one week timeline but you guys have failed consistently on delivering it. Whatâs the ETA for MTF to CNC conversion? @siva @nithin
We are doing internal testing, should happen for sure in a week or two.
You guys cannot be relied upon. This delay is seemingly for racking in interest income for as long as you could. Every week, you come and say one week or two.
Is this a good time to switch broker? Zerodha is losing credibility. @nithin
I dont know but you are enjoying this ig !
You guys get âš50 more per trade executed under banner of call and trade !
If you guys cannot provide MTF to CNC atleast turnoff your RMS sell off incase of insufficient margin due to market fall ,
Even if i provide remaining margin in ledger my holdings will be sold if 80% of your funded value gets in negative ! What is use of the product then? I know this is not ideal use but i have to book loss of such value even though i have margin to cover it and hold the position , but due to incomplete product you guys boast to have added after repeated enquiry ! That too with high Interest rates in the market
Chalo interest rates to thik hai, you are charging it asper your risk reward , but atleast give complete product na and charge interest,no regrets then !
You guys are testing patience now ! Every week you guys come and promise that it will be done in next week and again you renew that weeks period, i am personally seeing thai for past 5-6 weeks consistently !
Agree there is delay from our end but last thing is to rake some small interest out of this. We are close, 1 more week we should be.
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I am not at all enjoying, infact I am also feeling bad saying the same thing from last few weeks, and I totally agree we are a bit late on this. One more week this should be out.
Please note that on 9th Dec 2024, your replied that to add MTF option in GTT will take some time. Now it has been 3 months to it. Any update now after 3 months, when MTF will be incorporated in GTT?
This require over all changes to our GTT product which we are doing now, will add stop loss and target in mis also, will give trailing stop loss also, and cover few other use cases, so this can take another couple of months.
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Dear Zerodha Team,
I am writing to express my concerns regarding the prolonged delays in implementing critical features that are essential for effective trading and investment management. These features include:
-
MTF to CNC Conversion (Full Cash Buyout)
-
GTT Orders for MTF Holdings
-
Trade from Charts (TFC) for Enhanced Execution
In the context of current market volatility, the absence of these functionalities poses significant challenges for investors and traders. Despite repeated assurances, these features remain unavailable, leading to frustration and operational inefficiencies.
Specific Concerns:
- Absence of MTF to CNC Conversion â Elevated Risk Exposure
⢠Investors utilizing the Margin Trading Facility (MTF) are currently unable to convert their leveraged positions to Cash and Carry (CNC) by settling the full cash amount. This limitation can result in forced liquidations due to margin shortfalls, exposing investors to unnecessary risks. Notably, other brokerage platforms have already integrated this functionality, indicating that its absence at Zerodha may stem from prioritization issues rather than technical constraints.
- Lack of GTT Orders for MTF Holdings â Impaired Risk Management
⢠The inability to place Good Till Triggered (GTT) orders on MTF holdings hampers investorsâ ability to set automated stop-loss or target orders, crucial for effective risk management. Despite being a fundamental feature, its implementation has been pending for an extended period.
- Restriction on Re-purchasing the Same Scrip on the Same Day
⢠The current system restricts investors from re-buying a stock on the same day if an MTF position is squared off due to insufficient margin. This limitation can lead to unintended intraday losses and hinders efficient trade management.
- Absence of Trade from Charts (TFC) â Suboptimal Execution
⢠Many brokerage platforms offer the capability to execute trades directly from charts, enhancing the speed and accuracy of order placements. The lack of this feature in Zerodhaâs advanced charting platform places traders at a disadvantage.
- Unfulfilled ETAs and Transparency Issues
⢠Repeated extensions of estimated timelines without concrete updates have led to a trust deficit. Clear and realistic timelines are essential for users to plan their trading strategies effectively.
- Perceived Prioritization of Revenue-Generating Features
⢠There is a growing perception that features potentially increasing brokerage revenues, such as those related to Futures and Options (F&O), are being prioritized over essential tools needed by retail investors and traders. This approach raises concerns about Zerodhaâs commitment to addressing the holistic needs of its clientele.
Immediate Requests:
⢠Implement MTF to CNC Conversion Promptly: Enable investors to convert leveraged positions to delivery holdings by settling the full cash amount, thereby mitigating the risk of forced liquidations.
⢠Enable GTT Orders for MTF Holdings: Introduce the functionality to place GTT orders on MTF holdings to facilitate automated risk management strategies.
⢠Introduce Trade from Charts (TFC): Incorporate the ability to execute trades directly from charts within the trading platform to enhance execution efficiency.
⢠Provide Clear and Accurate Timelines: Offer transparent and realistic timelines for the implementation of these features to manage user expectations effectively.
While acknowledging that users agree to the terms and conditions when availing MTF, the introduction of a product lacking basic functionalities and the continuous delay in rolling out critical updates can be perceived as a disservice to the user base. If Zerodha upholds a client-first approach, it is imperative to prioritize the development and deployment of these essential features promptly.
I look forward to a definitive and committed response from the team.
@Shubha_dip From my last 6 months of experience and having used the platform extensively, I can confirm that Zerodha is no longer a formidable player and not even a serious one anymore.
Dhan and AngelOne is literally going godspeed.
Donât know about angelone but yes dhan is gud.
This will be available in a week.
As I mentioned above we are changing GTT flow, will include trailing stop loss also, so adding MTF for GTT is on the works but will take time.
Will be out in next two weeks.
Zerodha might not have flashy updates every day. However, Iâm sure they can handle scale better than Dhan or even Angel.
IMO, Zerodha has good risk management in MTF compared to Dhan. They make sure have a structured margin call process, giving traders time to add funds or adjust positions before liquidation.
Unlike Dhan, absolute nightmare. They will liquidate aggressively without sufficient warning.
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Exactly @niftymonk !
I agree that Zerodha takes a long time to roll out updates, but their updates are always stable. Have you ever encountered any bugs or issues that affected your trading after an update? Thatâs usually not the case with other brokers. Many brokers release new features every week, but they come with numerous bugs. They treat their customers as testers and fix issues based on user feedback. So, even there, it takes about 6-8 months for a new feature to become fully stable.
Moreover, most serious traders adapt to existing conditions, even unfavorable ones, by adjusting their strategies to overcome shortcomings. They donât prefer frequent changes in the trading terminal. In that regard, Zerodha is the best among all, in my opinion.
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Dhan has one of the worst UI 
they have been dumping all features without testing infact I feel they use traders to be their testers.
They just copy Zerodha in everything.