That’s already there. Brokers in India have started offering zero brokerage as default no need to activate any plan, if i were to name- look for finvasia.
but as they said, pricing is not the only factor, good services are an important aspect as well. for that i would give both the brokers (Z and Fin) good points, both have never compromised on that part.
yupe there , but there will be many in future like 70 to 80%
Could you please give examples of brokers who are offering this? Do you mean order slicing for square off only or for trade initiation also? I am asking that if any broker is offering order slicing for trade initiation, then that would mean an algo order and I am not sure if that would be possible on IBT platform. @siva-reddy What is your view on order slicing for leg1? Can it be offered on IBT platform?
Hai Guys , I am thinking the brokerage industry is facing a tough competion in india , one of the largest broker ICICI calling every day to open account , they are ready to reduce brokerage , for option 20 rupees per order ,
before for margin funding they charge 16 % now they are offering 8.9 % , wen i am speaking with the they told they can offer upto 7.5 % for margin funding , and option after one month they can reduced to 15 rupees also ,
one more big advantage they are offering is Idle amount in trading account can fetch 5 to 6% interest ,
see the ads for entry only , they promised you can bargin later
3 Likes
First confirm that you are not me or one of my 11 Horcruxes and then only post!
“I solemnly swear that I am not anyone else and I am up to no good”
Also whats the point here. They block 20-30% more margin for positional trades than NSE requirements. Whats the use?
Look at the client base of Robin Hood and the client base of Zerodha. Its time Indian companies start seeing India’s Gigantic Demographics as an asset. There is Massive room for growth. Under 10 million people are in the Share Market business in India out of a population of 1.3 billion. Even if we only take the Upper and Middle class the population is close to 200 million half of whom are potential new traders.
Not only they are competing on brokerage front but the interface as well. Kotak Securities new web layout is clone of Kite screen by screen 
Appreciate if you can post screenshots, please.
You do know that core of kite is TradingView, Right? So you are saying apart from this fact they are clones!
1 Like
Apart from the fact that they both are using English language I dont see any clones!
The current Kotak securities website is totally different, it has research recomendations, Pages for daily research report, many info side bars and popups. They have completely transitioned to Kite like minimalistic interface. It means only one thing they will soon start lowering brokerages.
2 Likes
Oh please! Don’t copy kite. It’s not for day trading at all. Mostly they are trying to bring in some newbies and make some money off.
i don’t understand what’s so great about Kite when all they have done is removed all the important features and integrated TradingView with an ultra minimalistic UI that is better suited for newbies who don’t understand shit about stock trading. Their platform is not even built from scratch.
They got millions of new users during lockdown because of a new trend breakout. What they have ignored is that all those users are totally new and of course if you want newbies it is very important that you make a platform that a 5 year old can use. I am sure most of the users of Zerodha are retail traders, corporates don’t use Zerodha at all because they lack all the features the prop traders need lmao! and have so many restrictions most off all, integrating TV is not reliable and they prefer something built in-house.
Only reason Zerodha is at the top because of its newbie-suited platform that they like to market as ‘state-of-the-art’ platform and because of its attractive prices that retail traders obviously prefer due to low pockets. Other than these reason I don’t see any good reason why Zerodha is preferred.
Anyway, the fact that many brokers have been lowering prices is a big threat to Zerodha. Once this trend gets over, they won’t have anyone to support their platform as companies like ICICI direct, HDFC & Kotak will be ruling the market obviously because of their industry-standard platforms and only they can support Zero Brokerages because they have economies of scale advantages. In the next 5 years, I highly doubt if a company like Zerodha can exist.
Zerodha is a bubble that is going to burst soon.
2 Likes
You will never understand.
I think kite is not for corporates, it is for retail.
Don’t know what to say to your shit but if you can really see the future wondering if you can tell us when the vaccine will come for covid, at least if you are good at analyzing wondering how much money you made in last 6 months via trading?
If you don’t like something just move away from it, open account with other broker and concentrate on trading instead crying on someone, already media/social media is full of negativity try to not add more shit to it, move on and get a life.
1 Like
Want an answer to that? It’s next year in the first quarter. That is when at-least one of the vaccines will begin mass vaccination, most likely it is going to be SII’s Oxford-AstraZeneca vaccine , Covishield.
Honestly, haven’t traded much in Indian Markets. Used to trade US but due to lockdown and stuff I am back to India, and I can’t trade with much money because of terrible liquidity here and due to remittance issues from the bank in US, I have to trade with really less money for a while. Truth be told, I mostly used to swing IPOs in the US so i am new to intra-day. It is recently that I got into options trading, precisely options scalping. This is after one of my friends in Canada was earning $20k per day by scalping options which is obviously a faster profitable strategy.
I am planning to do just that. Only reason, is I procrastinate a bit because you gotta file a lot of documents.
Now I don’t understand what’s up with you guys getting so offended when they are clearly ripping you off. You think this is negativity? Just because my opinion hurts your sense of reality does not make it negativity. Kite is terrible, every good traders know that. I have friends who are full-time 7 figure traders in India and they keep making fun of Zerodha traders and call them ‘Newbies’ (noobies) and tell me to move onto other platforms, it’s robinhood of India and if have been trading in the US, you know how Robinhood traders are made fun of. I understand why they think so, it is not even close to what a real trading platforms look like. It’s not your fault either, the bar here is too low.
Now, I do have some respect for Zerodha for making trading accessible to people with low pockets. But what I really despise is how the industry is ripping this people off by making it look like trading is a child’s play with some sticks and indicators. Now their employees like to throw away some words like “We’re competing on the basis of product”, “Our product is highly differentiated”. This is honestly hilarious. I guess they are probably forced to say that. Zerodha is a marketing gimmick.
You think Kite App is good? Just have a look at WeBull. Have a look at their UI. It is minimalist as well and has all the information you need. I think WeBull is one of the best app with the best UI for investing/trading in the whole industry.
You think Kite web is good? Just have a look at TD Ameritrades’ or IBKR that they already give you a free demo. You will be blown away by just amount of features they offer and all of them for free.
Why don’t Zerodha do something like that to their kite mobile app or web? Because Zerodha is in the marketing business. They only want newbies so they can rip people off. They don’t even have a single feature that is comparable to WeBull’s. Like literally their app is totally naked with nothing but a BUY and SELL button. Clearly shows their priorities.
If a company like WeBull or IBKR become even a little more aggressive in the Indian Market, they will blow away more than half the competition in the country. They are quiet and as long as they remain quiet all these companies are at a luck. Yes, I have been complaining a lot so far, because I am so far very disappointed. I expected better initially but I was at a disappointment when I started using what people say is ‘The biggest & state-of-the-art’ platform for trading which IMO is nothing but a big marketing gimmick. Companies like ICICI direct, HDFC, didn’t even care to lower their prices to Zerodha’s level because they probably know what’s going on here. Good traders/ Corporates don’t care much about brokerage fees as long as it is well-defined, all they want is a reliable platform with some features and UI that is required for trading that Zerodha if you’re smart enough to see, clearly lacks.
I highly doubt that @Gautam, Unfortunately this is how it is so.
1 Like
Hi Akarsh,
I thoroughly enjoyed the points you are raising and I believe that there is nothing wrong with criticizing the weak points of any platform.
I am also planning to open a second account. Can you please share which broker or brokers you are considering now?
Thanks,
Jay 
1 Like
Hello Jay,
It’s great to see that someone actually understands. Anyway, it really depends on your budget and trading style. If you are someone who has a very tight budget I suggest you stick to Zerodha only or you can try Finvasia, although I don’t know much about them as they are new but they have zero brokerage and no hidden fees (I am considering them as well because of I scalp). If you have good budget then ICICI direct or HDFC securities seems like a good option. Kotak is also a good option but according to some reviews online I heard they have a lot of hidden fees so I can’t vouch for them.
I am also trying WeBull, at the moment I have sent them an Email, if they can give good deal I might go with them. But anyway, since I am a scalper I will look for zero brokerages like Finvasia.
I suggest you not to go for or use Zerodha, today they did a very cheap move. Just yesterday I posted a message pointing out a technical bug in average price that cost me huge money. They unlisted the post which was very very cheap
and I think everyone got this message on the dashboard:
So do yourself a favour and get out of Zerodha. They have no transparency, no honesty and very buggy platform. Basically, they are a huge marketing gimmick. Hope this helps!
2 Likes
Can you give me your ID, I can get it checked.
We unlist all support related,sharing tips, abusive postings etc you can check community guidelines.
Maybe you should not go personal, if you have any issues with platform, we can guide you, please let me know.
3 Likes
Even i had the same issue with holdings, it’s pathetic. I have also asked the same in other thread what causes these issues and if it’s something related to new update then what sort of QA zerodha does before going live. This issue still hasn’t been fixed the entire day.
2 Likes