If I have 1,00,000 cash margin collateral and 0 cash. If I buy options worth 10,000 which later goes to 0, Will I have negative cash in account also will there be any interest on that.
Yes, next day itself your account will go 10k negative and interest will be charged for that.
Fooling people. I knew right from beginning that something was fishy and I posted it. It is for charging interest on unsuspecting people. I was not interested though as I am an option writer. I quit using Zerodha due to sluggish interface and higher haircuts on liquid bees compared to Fyers. 6% in Zerodha, but only 5% in Fyers.For higher amounts the difference is substantial. The interface is poorly designed and after every reload the chart is resetting. Margin (mistaken margin emails) & withdrawal issues too in Zerodha. Moreover Zerodha API is not Free, charging 2,000/- per month, when others are offering even websocket data free. Why should we trade with such a broker when we have other excellent options???
The piper eventually demands payment, and someone’s gotta cover that…
https://www.google.com/amp/s/www.livemint.com/market/stock-market-news/zerodhas-nikhil-kamath-expects-upto-20-drop-in-broking-biz-this-year-eyes-rs-10-000-crore-in-revenue-for-fy26-report/amp-11749038291475.html
Aap chronology samajhiye:
This is same practice across most brokers, you can check yourself, broker funds are blocked in this case hence brokers charge.
Let me check on this.
We are giving APIs for free for trading , only live or historical data APIs are charged 500 per month as it involves costs and to avoid misuse.
Okay. Now you have introduced Connect - ₹500/month. Few weeks back it was 2,000/- for live data. But absolutely free live data are provided by other brokers, even with Option Greeks.
What about fake Margin Call Emails, when we have sufficient money in our account?? Any explanation. Any explanation regarding your sluggish interface.
You have not yet explained about the way you tried to fool people using Buying Nudge as a ploy. What about your article?? Are you still writing? According to historical data, it will take Zerodha atleast 1 year to complete the article, like your development. ![]()
Say, I have Margin of 10,000 and no cash. I buy an Option. Hold it a week with loss up to 5,000. Sold the option at end of week in PROFIT (say 1,000). Will I be charged interest for the week?
Without live data, what is the use of API calls ![]()
Does it not involve costs for other brokers??? Moreover they are providing much better data than Zerodha. Example for Open Interest Data, other brokers are providing more granular data, expiry wise.
Can you give an example? or next time you can email me, can let you know why you received it.
ahh yeah, this is miss from my end, but most won’t see article, at least everyone sees nudge, no broker won’t even show that nudge and they charges anyhow.
Anyhow here is the article.
Profit or loss if your account goes to negative you will be charged interest, in your case you will be charged interst for that week because broker funds are blocked.
That requirement is still there.
why such requirement only for option selling and not for option buying?
One can use but interest will be charged on additional usage for option selling, for option buying interest will be charged on 100% of usage from next day.
is there any article for this? It is very confusing
i can write option with 100% pledged margin? how much interest will be charged
Yes, if liquid collateral is used nothing will be charged but if you use stock collateral then interest at 0.035% per day will be charged on the cash component funded by Zerodha.
@siva is there an option to disable zerodha funding cash component? I don’t want to get involved in paying interest unknowingly due to excessive margin use. I’d rather have zerodha reject my order than get involved in paying interest.
For intraday usage there will be no interest charged like few other brokers, after taking position you should make sure your cash balance is positive, for that you can refer to available cash column on funds page on kite.