I have 2 questions on this topic. Request feedback:
Can I open a new Zerodha Account directly with Orbis to avoid transfer procedure from Zerodha to Orbis?
I understand that we can trade only F&O with Orbis linked zerodha account. In this can we get the facility of GTT orders in F&O which we have presently in Classic Zerodha account?
@siva request reply
I am facing an issue with orbis, and no one is coming forward to sort it out. I placed a withdrawal request on 28th January, till now it is not credit nor my 60 day challenge figure is updated, so I placed a fresh withdrawal request again. When will I get my money credited to my bank account? My ticket number is- 20210201779882. Please look into it asap. I can’t wait for my money to credit in my bank account after 1-2 weeks timeframe.
Is it really required to show proof that you have 1 cr networth ? Can’t a person with say 20lakhs migrate to orbis to avail no OI restrictions benefit ?
Having this checked. Will have the team respond at the earliest. The funds will be received one day post the request is processed subject to sufficient funds being available in your account.
Can I get f&o margin in INTRADY after September 2021 sebi peak Margin rule applicable? and if I get than how much Margin I get in INTRADY in orbis account?
From September 1st, 2021, there will be no intraday leverage offered in F&O segment, you’ll need full SPAN + Exposure margin. You can check out this post for more information: Peak margin requirements from Dec 1st 2020 & its effects
This peak margins rule also applicable in orbis financial account ???
Yes.
Hey I am looking to migrate to orbis but have some queries. I trade weekly option contracts of bnf and nifty both intraday and positional.Will i still be able to sell weekly option contracts even on expiry day using orbis?
Will i be able to use api? After migration do i need to alter anything in the kite connect app which i use to connect to my algos?
For how much time my trading will be affected/stopped during the mogration process?
Is 1 cr net worth still a criteria for migration?
Hi @ShubhS9
Given the new peak margin impact has the OI restrictions become easier for Zerodha?
Would you expect to allow far OTM options going forward or are you seeing no significant change in the OI position for Zerodha?
Not considerable big change is noticed as of now.
Hi @siva
My account is under migration but they are saying I cannot use zerodha pi
Please note that for me pi is very much required as I’m an option hedger and need to place trades very quickly
Kindly clarify if I can still use pi after migration to orbis
You can continue to trade using Pi once you migrate as well.
There are no such restrictions that you wouldn’t be able to use Pi and are only required to use Kite once you migrate. You’ll still be able to use Pi and place orders.
However, there will be no more development on Pi as it is third party product.
I have Esigned the Orbis custodian account form on 25 March but in 18 days the account has not opened and on support portal getting same reply.
Hi! I was promised that the brokerage for first month will be reversed to my account after migrating to Orbis but still not yet credited even in the April month! Migration done on January month!
#20210301540118
how much time was taken for onboarding to Orbis.
Can you give ticket number?
Will get it checked.
@siva / @ShubhS9 / @AkshayAtur
Raised request 2 months ago
Migration still not done to orbis.
Humbly request your help to expedite this.
I’m facing issues with angel broking software and need to switch to zerodha immediately with orbis since I’m an option hedger and need to buy far otm options
Ticket number #20210111428030