I ask everyone to share your views on advantages and disadvantages for both zerodha and Upstock…
Thanks in Advance
Upstox app worked pathetic for me.
Zerodha:- good.make sure you close positions before 3.you may find bugs in application while doing parallel transactions.
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Upstox worked really well for me, have stopped using them because of reduced margin.
Currently using Angel.
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Yeah Upstox is quite slow sometimes. Zerodha feels light .
What about options brokerage , nifty and banknifty leverage ?
Upstox Margin
Check out Fyers. They got trade from chart, price ladder, 30 Days Challenge. Zerodha too slow in implimentation and customer Support is hit and miss. Been weeks since I open a ticket still no reply. They kept saying 2 weeks for last 2 years to impliment trade from chart.
Zerodha charges are blowing through the roof. Rs 60 for MIS square-off and Rs 350 as Demat AMC is just too much.
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Upstox is really the worst and pathetic ever organization which I have seen in life. They are cheaters, fraud, useless, unorganized company. They don’t have designated issue resolving teams. They always ignore customer and use the money of customers. In my case they have stolen all my purchased shares which I purchased at rupees 27 and when the share price reached around 80, I was supposed to sell those, but those purchased shares were not in my account. I followed with them for the first day when I came to know about that cheating, fraud. I made more than 1000 calls but no resolution and also sent several emails with no luck. So I request all of you to deactivate your account if you have. Do this on immediate basis as no one knows when these fraudsters cheaters will fraudulent fraudulently steal your hard earned money. Be cautious.
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Upstox is really the worst and pathetic ever organization which I have seen in life. They are cheaters, fraud, useless, unorganized company. They don’t have designated issue resolving teams. They always ignore customer and use the money of customers. In my case they have stolen all my purchased shares which I purchased at rupees 27 and when the share price reached around 80, I was supposed to sell those, but those purchased shares were not in my account. I followed with them for the first day when I came to know about that cheating, fraud. I made more than 1000 calls but no resolution and also sent several emails with no luck. So I request all of you to deactivate your account if you have. Do this on immediate basis as no one knows when these fraudsters cheaters will fraudulent fraudulently steal your hard earned money. Be cautious.
Ohh it’s also worst.
My relative account got into negative position because of their bug in application. They couldn’t connect to exchanges for last hour which forwarded positions to next day.
We have lodged complaint to SEBI. This brocker is asking that remaining amount daily.
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We like Zerodha. We don’t think any other broking house has taken so many path breaking initiatives like this company in the stock broking space. Their mobile and web trading app is really good. Being India’s first discount broker charges are fairly low but you could find some other brokers charging less. In the end we would rather pay for quality rather than use some garbage for free. We have been trading with Zerodha for over three years now and we hope to continue with them.
Don’t leave any opportunity to trash talk Zerodha. They are the best ? Yes. But they are getting comfortable at the top and that’s not good. When was the last time they updated Kite ? Kite 3 is not an update, more like re-skin. They are improving other apps and services but Kite is not thier priority.
I have traded only USA markets since 1990’s via TD waterhouse, IB etc. I just opened for the first time Indian markets online account with zerodha a week ago all online (it took 2-3 days ). They are quite efficient. my funding for equity & commodity via NEFT transfers confirmed by them with in an hour. Right now using Kite which is decent .Just trying only intraday in the last 7-8 trading sessions. ₹300 opening fee + AMC 300-400 is totally worth it. getting daily contract notes from zerodha+ mail+sms from NSDL as well. I am afan .
Zerodha is having too much of technical issue in their terminal especially during volatile market condition. After 2:30p.m it behaves erratic and gives you ‘Time Out’ errors. By thinking your transaction got failed, if you try the same action again, terminal will do 2 transactions without your knowledge. Especially squaring off the interest trades is of very high concern. Many times, NSW has put Zerofha in Restricted modes, due to policy violation. Due to which you can’t trade ATM & Immediate ATM options many times.