I will be moving to 5paisa in 1 to 2 months.
Nothing against zerodha - Infact they are very good - but they are good only for smaller traders. Also the varsity has offered many insights
I’d love to stay on with zerodha - but there are few limitations that will not let me stay profitable.
- you will not be able to do an iron condor due to OI restrictions (The safest option strategy worldwide). Your short positions will be in NRML and the long positions will be in MIS which will square off end of day. And you will end up owing a short straddle with unlimited loss
- There is a work around for this though
if you are willing to make some round trip trades ( approx 4 trips)
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I aborted my transition to orbis on the 2nd last step. The pledging of cash component MF, ETF is not available. And since i am just an options seller, there is no point in just parking the 1cr as just cash. 3% annual return would be Rs25000 monthly (why should i miss it ?)
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The desktop app is not intuitive (Pi)
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Although their brokerage is low Rs20 per order. Other brokers are willing to give Rs10 per order.
My trading style is to hit a win 90 out of 100. Trading only in BN. All monitors set up to chart only 1 index. Would prefer to be a specialist in 1 index than jack of many.
