right now, i’m using order slicing. The platform should support closing large position in one go, backend tech should handle splitting that.
Hi shiva, I’ve not got any update on this and the platform still supports only 20 legs iceberg order.
I discussed with team, for now that will stay at 20, will see in future if it can change upwards.
This is really bad! I’ll explore different brokerage platform. thanks.
Reason being having risk controls, if not user can create basket of iceberg orders, 20 orders in one basket and each order at 20 legs, so one can fire 400 orders at a time.
Someone trading with lesser time frame, this will not help. I understand the risk control, while opening the position it makes sense. While closing its really bad, by the time we square off the market might have moved against us. Plain simple and someone with experience will understand better.
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Well, this issue still hasn’t been resolved, and the Zerodha team has completely ignored my request. On the other hand, the Firstock team was attentive, and even their CEO was ready to have a chat and enable the feature I asked for. I’ll continue to use Zerodha only for charts and market watch, but you’ve lost me as a customer. Thanks.
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Nothing like ignoring , we will only make more money if we allow more legs but reason for not allowing is about having risk controls, anyhow let me check if we can increase order slice to 30 legs atleast, or if any other way is possible.
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I don’t quite understand this so-called ‘risk mechanism.’ If a user is placing an order, they’ll enter the correct quantity — nobody places trades randomly. Increasing the limit to 30 legs doesn’t really solve the core problem.
Consider this: if someone is carrying a large position and the market turns against them, wouldn’t it be safer to let them cut their exposure quickly instead of restricting them? By not allowing that, aren’t you actually increasing the risk of losses?
If this logic isn’t clear to your team, it’s honestly surprising that a platform built over 10 years is still missing such a basic trading safeguard. It almost feels like the system discourages people from managing risk or making money efficiently.
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Try Dhan, they are the best. No matter how much Zerodha team claims it is a high quality platform, honestly the platform is average.
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Dhan is far from the best, they are just bling bling. I use them as a tertiary account and find Z is best for most traders like me who prefer clean predictable executions in a clutter free environment.
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I use sahi, they’re best among everyone.
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Bling bling is not a reason to not be good. And a barebone platform doesn’t mean it is good. Please come up with better explanations next time. How I see it, Zerodha is a dying platform.
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Will be increasing both slice and iceberg to 50 legs in coming days.
This is a joke right? Dhan has Iceberg legs of 250.
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I and a few others have faced many issues with Dhan margining system and their basket orders over the years. You can search their forum, plenty of topics listed.
Zerodha has been the best broker for me, and I have used (and still using) a few others. They need not be yours ofcourse 
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Big no. I have a long list of bad experiences with Dhan, and the latest one is MTF interest being charged without clarity and no easy way to fetch a proper statement.
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I have tried dhan 2 times because of their features, came back both times because of their charting issues. I think zerodha’s competition is going to be sahi not dhan
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There’s no competition yet. Sahi is still putting their product together.A good looking UI alone doesn’t make a broker better. And no, Sahi is still way, way far.
True, i only meant it in terms of issues. Been using sahi for 3 months now, no other broker has made trade execution easier than sahi. Regarding scale, we are yet to see how they will adapt