Size of Trading Account.

[lokanathpai]

I have an information that SEBI can protect upto RS.10 lakhs in trading account with a broker. I need to keep lot more than that, say upto RS.10 crores. In that case how can I ensure safety for my trading account. One suggestion is I have to spread my trading account amongst different brokers. But it is very tedious. Another is I have to restrict my trading within RS.10 lakhs. What is your suggestions. Please help.

[nithin]

@lokanathpai

I need to keep lot more than that, say upto RS.10 crores. In that case how can I ensure safety for my trading account. One suggestion is I have to spread my trading account amongst different brokers. But it is very tedious. Another is I have to restrict my trading within RS.10 lakhs. What is your suggestions. Please help.

Trade with a broker whom you think is safe. If your question is if Zerodha is safe, I had recently answered below

How safe is it to trade with Zerodha now in 2018?

I had posted this long back in 2014 and looks like a lot of views on it. In 2014 zerodha used to charge brokerage for investments, now it is free. Feels too good to be true. So the question still remains, how safe is it to trade with Zerodha? We have had more incidents now with brokerage firms like F6 Finserve, Amrapali Aadya and others. https://tradingqna.com/t/how-safe-is-it-to-trade-with-zerodha/