In your website you told "“Brokerage at Zerodha is Rs 20 or 0.01% whichever is lower per executed order".
But I am attaching a screenshot for 3rd November (this is not the first time I can send you more than 10 examples where you charge more brokerage) where you charging brokerage Rs 140,
If u buy
nifty of lot 50 assume it will trade 25 once then 25 totally how much brokerage u will pay
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31 Oct 2014 at 05:27 AM
Nithin Kamath
Still Rs 20, we charge per executed order and not trade.
Then why in my case its Rs 140/-, it should not be even Rs 40 (Rs 20 + Rs 20). Because my total valuation is Rs 41601.25, so it will be Rs 4.160125.
And I am attaching screenshot and again I say this is not the first time you have charged more brokerage every time. I can show you screenshot if you needed.
Zerodha not charges more RS.20 per executed order.
In your case, only two things should have happened.
You could have placed 7 different orders.
or
You could have used bracket orders. Even a single bracket order placed can be executed in different orders. Bracket orders charged this way differently. Check zerodha blog for bracket orders information.
Zerodha specific questions will be answered if you mail them at [email protected]
Copy pasting the same from Zconnect. This is the same way we have been charging from day 1 of our business.
I guess you have some confusion.
We charge Rs 20 or 0.01% of the contract value per executed order. If you buy 1 lot of 8300 CE at 150, the contract value would be (8300+150) * 25 = Rs 2.1lks. So unlike what you are thinking contract value is not 150*25(this is just the premium value). I am looking at your order book and you have placed 7 executed orders each with a contract value of more than Rs 2lks. Hence you are charged Rs 20 x 7 = Rs 140.
Exactly my point, I can bet he used Bracket Orders, without knowing its consequence.
Now that Nifty lot size is 25, 150 units are nothing but 6 lots and while selling again 6 lots,
Total 12 lots x 20 = 240 rupees also is possible to get incurred as brokerage charges
I think better Bracket Orders should be avoided.
Cover Orders are better in a way, since they execute as a single order charging 20 rs for Buy of 6 lots and 20 rs for sell of 6 lots, total 40 rupees.
They are charging more ,my roommate having different broker charging less.If I make meager 150rs profit also in CO,130 is going for all charges and in remaining money half is deposited.
I also observed that Zerodha has been charging too much of brokerage & other charges compared to other players. The funny part is, even if I’ve got profits in the trade, overall I was always into losses due to this high brokerage & charges. I’m fed up now and a big bye bye to trading on Zerodha till the time they revise the charges at par with other players.