What are your top Wishlist from the stock brokers in their trading platforms or brokerage service in general?
May be this would help the brokers to provide these. Hope upstox, ICICI Direct and Zerodha will pay attention to these and compete to provide.
These can be low hanging fruits, eliminating pain points, awesome new shiny features.
I hope this thread won’t be unlisted for some surprise and unknown reasons
Free APIs and paper trading interface would be on my wishlist.
Fyers provides free api. Wishlist granted.
how about the Fyers backoffice…is it as good as zerodha console ?
I am yet to face any issues with trade execution, or order modification.
BO works seemleasly.
The desktop platform works well, and they support multi logins multiple devices for one account.
And yeh, they refund brokerage, now limit to 5k, under 30 days challenge. And if you win in rows, you are featured in their YouTube channel.
What more can I ask?
And tradingview works just like the real one. Like trade from charts and layout. For people who are just mad for trading view.
And I noticed price printed on bars is accurate as per the tape in fyers. Zerodha s bar is off by few prices, though post market it adjust.
Already (1 year ago) requested Zerodha to create software like TradeTiger. But, they are ignoring it.
Unlimited trading plan.
As an option seller, When we start taking some positions in Bank nifty options, market moves violently. To manage the positions we are also adjusting/moving the strike prices. At the end of the day, 30 to 40 percent of the profit is going as brokerages and charges. Of course this is the revenue for the discount brokerage firms, but we need to have high breakeven to overcome these brokerages. If we are having any unlimited trading plans, it will be very useful and can make profit with lower breakeven.
With FINVASIA you can trade with zero brokerage.
Thanks for your info. But how they can survive with no brokerage model. Is it safe
When you send a whatsapp message to some one do you pay facebook / meta ? When you send a Gmail to some one do you pay google ? They make money via other sources.
Exchanges pay every broker a volume incentive if the volume of the broker goes over certain benchmarks. This is one source of revenue for Finvasia. Also while for the retail segment the brokerage is zero and platform fee is zero they seem to make money via products and services focused on institutional investors including FPI. Finvasia has been around for a while and I have an account with them. Never had any trust issues with them.
At the simplest level its just bytes of data flowing between your PC / Mobile and Exchange via the broker. We can send / accept the data straight from the exchange as well. Technology is not the barrier here. Its just that the exchange currently allows to place trades only via a member of the exchange (the stock broker for us the retail).
I won’t be surprised if a day comes when stock brokers cease to exist.
Thank You!!! Will explore the option…
Don’t merge to fyers. I am having dificulties merging to fyers. Now trying to shift again to zerodha. Fyers terminal is very slow responsive. Most of the time hangs.
extremely happy to see that there are brokers who are offering zero brokerage on all products. there are many strategies with 99% probability in options but i can’t place them because profit is below 1% and brokerage eats most of the profit. sadly i have accounts with both 0dha and upstox. i also wanted to open account with ind money because they are offering us stock investing but i have small capital and it is not feasible to me. there is no one stop solution to our all need
Used it 15 years ago… It was amazing