What are some of the brokerage pitfalls of zerodha kite?
Sometimes I back I had read about higher brokerage & hence also taxes etc. due to BO or CO orders getting executed multiple times.
Many of us are not aware of this and so wondering what are the other such pitfalls. Hope the zerodha team replies.
Our brokerage policy is quite clear. We give the same offer to all clients. You can calculate how much you will pay before trading using our brokerage claculator. Detailed charge list is here.
In case my traded qty in options is executed in 2 orders I will be charged Rs 80 for buying and selling. But if I go by your calculator it shows 40. So brokerage calculator is actually “minimum brokerage calculator”
No, we charge per executed order. So even if one order is executed in multiple trades, you get charged only for the one primary order.
Has it been always like this or this is recently changed?
I roughly remember reading that if trade gets executed in multiple orders, multiple minimum brokerage gets applied.
Brokerage are Charge per executed order.
if oeder is executed in multiple trades, You get Charged Only for 1 Order.
I have seen many of my orders get exected in multiple trades but my brokerage charge is for primary order only.
It has always been per executed order, never based on how many trades.
Maybe @Ankit_Ek is referring to BO orders for which the brokerage on exiting a BO positions is dependent on the multiple of orders filled even for a single trade.
Is that so? Why this can’t be single order? This definitely is a pitfall to watch out. Any other such issues?
Read these threads Why are large quantities of Bracket Order Stop Loss & Target prices placed in different Quantities & with different order numbers after order is executed?
BO Brokerage on executed trade basis
No, you are mistaken. In case if you are trading only 1 lot per order, you need to input 1 lot twice in the brokerage calculator. It then solves your case.
Lot is applicable only to f&o right? How does BO order brokerage work if they get executed as multiple orders in spot market? @nithin
Brokerage is charged on each order form irrespective of number of times the order gets executed to be fully filled. Hope this solves your query.
In a BO if the entry order is split into pieces, for every split a new set of SL/Exit has to be placed. So entry is always one order, but exit could be multiple when considering for brokerage. Now, we can’t wait for the entire execution of the primary order to place SL/Exit as it would defeat the purpose of risk management.
There should be an option to make SL and target as single order manually once the full order executed
Hi @nithin sir,
I would take this oppurtunity (while we are discussing BO) to request a very important feature to be introduced in KITE.
Please implement SL-Limit entries in BO and CO.
Please see it through the lens of your expertise and consider the convenience it provides to Retail Traders.