Wisdom Capital
15-25 times
Provides NEST and have unlimited trading plans .
Average customer care but terminal is stable.
Alice Blue
5-10 times
Provides NEST , but the terminal/backend is not stable.
Regularly gave issues.
Astha
22-25 times
Provides ODIN. Best terminal when comes to stability , would rate better than NEST as well.
Customer care is also great. Only issue is ODINs Basket Order sucks , quite complex.
Motilal Oswal
5-10 times. Ther are few subbrokers of MO who give 10-20 times as well.
Terminal is sable , but little complex with so many options.
Zerodha
2.5 times
No NEST . No basket orders. Good for beginners.
I used it for 2/3 years but moved out when i got to know about brokers proving higher leverage.
motilal oswal …
in MO we can negotiate the brokerage as well as leverage , if we are trading more and also trading on non-expiry days well …
but we have to live with their terminal though…
once we use NEST its difficult to use other terminals
alice blue has 20rs per order plan … default 5x
if we are ok to pay additional fee on expiry , we can get 10x as well
if you are from maharashta i can refer you to my MO subbroker ( not getting any referral brokerage ) …
you can try with alice blue as well … they regualrly have software issues though but still better than upstox
Z is not giving good leverage and platform issues,glitches come on & off anytime, that I have always a second though going into a trade.
What if you can’t cancel or exit the order
What if today is the day, you feel helpless, unable to contact your broker, see your capital get absorbed in red .
Call me paranoiac, but these so call glitches in zerodha are most frequent with no warning, that it added me an extra fear.
Market is already difficult, but this makes it more extreme difficult pro level.
On leverage bit I may agree but on what regular issues? yes two times we faced issue for sometime in last 2 months but one may want to know how other brokers are doing in last 2 months, everyday one or more other so called big brokers are off, can’t able to login or place order, even worse with other discount brokers. I can say we are more stable than many in last two months. No need to take my word for this, you can check other broker twitter handles both national and international.
Said that we are not comparing with others or not saying it is okay to go down once in a while, just want everyone to see big picture.
I agree with you that Zerodha is stable but it lags in order execution in market opening and closing time when there is more movement in prices which results in slippage and secondary blocking banknifty contracts ,may be enable for those who want to hedge their positions and ban for naked buying ,this may not result in increase in much open interest as only few traders who have adequate margin would buy otm options. Another issue is not allowing to place limit orders in not liquid options and since most of stock options are not liquid strategies like covered call for longer time period are difficult to execute.
Maybe enable secondary membership for large account traders.
Glad to read. But you know @siva, when money is on the line fear become more pronounce. That maybe what I had in my mind when I wrote, as I was stuck in horrendous situation before.
Yes, outages/glitches in volatile conditions though not acceptable are considerable. But there had been glitches during normal times. Like having caught a storm in a sunny day. Quite unexpected with a rather hefty position. Horrendous experience.
But all is good, since you acknowledge and assured that everything is more stable. Well, thank you for that.
At open few lakhs of orders will be sent so yes for few seconds it may take, you have seen the current volatility in markets, trying to find a solution for this. At closing time it should be instant, we solved this.
This issue exaggerated because of new SEBI guidelines on limits on FPIS on adding fno contracts, this has halved market OI and hence broker limits, hopefully by this 24th it will come to end and hope SEBI won’t extend this. Apart from that we are trying another solution which will be in place in a week or two.
We will never block on liquid option, only illiquid.
i really don’t understand why zerodha is not giving the leverage now which it used to give.
There is no wild movements in the market nor the markets are that volatile like in the beginning of march. i think zerodha should provide margins. it’s been a month since BO are blocked.
