Option trading account india best margins


When you want to exit, you will have to first unpledge and sell it on the terminal. You mentioned in your reply that this is pledged with NSE, how long does it take to pledge and get the margin.

And in case I want to unpledge, I close the required positions to free up the portion I want to unpledge and eventually sell and get it converted into cash, how long it takes to unpledge and sell it in the market and convert it into cash.

If it is at the price it gets executed I feel it entirely depends on the volume of a particular MF on that particular day and there might be huge slippage in terms of spreads itself and affects the yield? If you are investing into ETF, the best way is to do it on the exchange itself, you can buy and sell at the price you wish, so yes you can trade it at CMP.

This is from the list on this link https: How liquid would that be, how would I enter into this on terminal and would there be slippage. You will have to buy it through someone and deliver it to the demat, and similarly if you want to sell you will have to sell it through a third party and deliver from the demat that you have opened with us. Give it a few more days, we will be putting up a process for this, till now people have transferred in, no one has withdrawn.

Greetings of the day. Now, I was thinking to transfer all my funds worth Rs. So, how safe is my money with Zerodha? Looking forward to hearing from you soon. As I am writing this to you, am waiting to attend the award ceremony as a winner of the Entrepreneur of the year by CII, the reason I am telling you is because the due diligence for this award was done by Grand Thornton.

The question usually asked is because we charge so less, but the question to be asked is why everyone else is charging so much more in an environment where everything is online.

If I want to structure a long condor with RIL. Is it necessary to keep the difference between the strike prices same? Is it possible to structure a long condor with these strike prices all call options? Which strike prices you use is your prerogative, It is completely upto you if you want the difference to be the same or different.

So the last question that is in my mind is that what if my broker defaults anyday? We are in the process of getting the various regulator approvals, hopefully before the end of next month we should be able to offer this platform to our clients. Can I get hands on the beta? Nithin, any plan in increasing exposure in option writing for intraday only? What makes the matter worse is that other than Nifty and Bank nifty, most other options are illiquid.

Something relaxation should be think over. Excessive leverage is usually dangerous for everyone in the business, we will definitely not be taking that route to get new business.

If you want to sell this now, you will have to first put an unpledge request with us, and once done, you need to send a redemption request to your mutual fund house similar to how you are presently doing.

This blog is very informative and useful. I have one question here. Let s say today at the close CE is If I short it at , and nifty expires at Inc case option expires out of money your first example , the option expires at 0, so you get to keep the entire premium, and since it expires worthless there is no brokerage or other costs to this trade.

If it expires in the money, call will expire at Rs Rs 20, of premium , this much money would be debited from you and given to the buyer of the option. STT component plays a part when your buy options expire in the money, check this blog.

Alternatively, you can trade using Z5 on any device as long as it has a modern browser. Hi i want to know that, is their any limits for placing order in options i. NSE has put a limit of lots of Nifty in order, so you can buy 10, Nifty options, there is no condition on value of this premium as such. If you want to take bigger positions, you can place multiple orders of lots of Nifty. How will the MTM work for my position? I would make a gain on my long position, but would be making a loss on my short position.

Do you net the two positions together? Or would I have to add the entire amount of the loss into my account to continue to hold my short position? If you use our SPAN calculator , you will see that the margin required to get into a position like this is around 20k. When Nifty drops by points, the margin will most likely go upto around 30k, so you would be required to bring in the extra 10k as margin to hold this combined position.

Basically you will have to bring in whatever is the increase in margin for holding both positions together. Also, our RMS team typically understands such positions, so as long as the risk is hedged like in your position, you can take it easy. I try to write March CE at rs 50 Quantity.. I hold margin only 2 lac, it takes nearly 2 for writing, what will happen when my stock price increase to 75, whether my position will be square off or my span margin will decreased to maintain MTM….

Vinodh, when you write options, a considerable amount of margin is blocked which takes care of such a risk. In the event that the position goes against you, additional margin gets blocked at the end of the day. If it goes in favor of you, lesser margin is blocked at the end of the day. If the situation is going against me, my positions will be squared off.

But if situation returns favourable for me, say after a few trading sessions, will I get my positions back?? No Vinod, Once your position is squared off, that means you will not hold the position anymore.

So it is always best to trade with enough margin cushion for any MTM losses,. Hi Nithin, I Want to prepare with proper funding for the Election strategy. I have quick 5 question on this example.

Q2 The only thing that will shoot up will be the margin required to hold my futures? Q3 How much time is given to top up my account with the margin required before any penalty?

Q4 How much time is given before the position gets squared off due to margin call? Q5 Generally in such senarios by how much percentage increase in margin takes place? Technically the futures position MTM loss cannot be adjusted by profits from the Put position. But as a RMS team we understand that it is a risk free position and will give you time to bring in MTM losses on your future position. We will have to report margins to the exchanges at the end of everyday, if there is any short margin in the account at the close of markets 3.

So if 30k is the total margin for Union Bank, only if the margin drops below 24k will the exchange penalty happen. We would typically not square off such a position, and will give you time as long as the value of Put has increased and making up for MTM losses. But note that there might be a exchange penalty for such a position. My last question was. But again, this is not exact figure, it can be higher or lower. Nithin, seems like its quite complicated to convert offline MF into demat and vice versa I did call up Siva and even for him it was new.

I have few questions related to Liquidbees The return on Liquidbees is really pathetic compared to other liquid funds, but anyhow , it would be great if you can clarify the same.

Its the same as for any stock? Also I read somewhere to promote this product the brokerage on this product is waived off completely with lot of brokers, is Zerodha one of them? What are the demat charges? This is what I went through on GS website and some more links around. We presently charge brokerage, and the DP charges would be Rs Hi, I have question on MTM.

But as an RMS team, we are usually considerate with such hedged positions, and give extra time for you to bring in the MTM losses. But if the margin reduces by the minimum required SPAN as per the exchange on your short option, there would be an exchange penalty levied. Can a broker provide additional margin by taking collateral of the Long Option which has gained in value to offset the margin required by the Short Option position.

It is pretty high, and it is just not about the quantum of penalty, this is considered being uncompliant. Yes you can pledge your stocks, and get a margin after haircut. You just need to maintain some cash for any MTM obligations. So there is no cost for the collateral margin that will be provided on your stocks. Presently we have stopped accepting Tax free bonds, the reason is because it is tricky liquidating such bonds with the lock in conditions. Well, was going through some posts on tradingqna and came across this: I am interested in writing options on nifty.

Pls advise how I can get started with Zerodha. I need to clarify a few things before I can begin — is there someone I can contact in this regard? It is quite simple actually, and every client of ours is already enabled to short options. You can ask all your doubts here, will be happy to answer.

You recommend shorting OTM options but the returns seem to be lesser than bank FD interest because of margin requirements. Do you recommend any specific strategy how far the strike price, how far the expiry, etc for shorting Nifty OTM options that can consistently beat bank FD returns benchmark factoring the margin required? I will not be able to comment on any strategy as such, the post is an idea to initiate a trader to option writing. Fiddled around with numbers in https: My guess is you were looking at April contract, and hence the premium receivable showing , for me it is showing Rs nifty put is around Kris, the stats would be based completely on the strategy you deploy, option writing generally the OTM will give you higher odds of winning.

Is it possible to trade in Indian Currency market after 6 pm? Thank you very much for in detail answers. Need answers of below. NSE has more volumes 2. It is also available on Zerodha Trader. Live charts with technical analysis is available on Zerodha Trader.

How this stock settlement works? Square off is when you exit the option position that you are already holding. All options in India are cash settled and European which means you can exercise them only on the expiry day. This option is considered exercised and after 3. In the indian context there is no assignment anymore in the pure terms. But generally what assignment means is that if you have bought call options and I have shorted call options, if you decide to exercise the call option right to buy , I might get assigned and have to deliver the stock to you.

But as I said, in India all options are cash settled and there is no concept of assignment. Cash settlement is when you exercise or at end of expiry you get back cash, if you get stock it is called stock settlement. Thank you for your reply and clarifying my doubts. There is no chance of stock settlement, but a buyer want an stock settlement then what is my maximum loss? Yes, on expiry if reliance closes at , you will have to give back Rs , but note that when you have shorted there would be a certain premium credited to you.

Nithin, Icici direct offers an option plus product where the margin requirement for writing options is very less. Why not zerodha introduce that kind of a product? I have couple of questions. How do i enable bracket trading in Zerodha? Check this blog on how to enable. Could you please elaborate this comment. Because I am newbee to the option writing. How to check indiavix percentage— by intraday basis or contract basis? Little confused myself on what Joju was trying to say, but if you are an option writer the best times to write options is if IndiaVIX is on the lower end of the range, check this post on IndiaVIX.

The range of VIX historically has been between 12 to around If you are writing options when VIX is trending up or on a higher end of the range, technically there is more volatility expected and hence not the best time to write. If i short tata motors call option at a premium amount of 16,one lot while it was Another lot of call option at a premium of Now currently it closed around Last traded price is Whether v have to calculate loss with option last traded price or with tata motors cmp?

Your current loss is based on the current price of the option which is Rs 35, after expiry last thursday of the month , you can calculate loss based on the CMP of the underlying stock. Today Bharti airtel futures span margin is Rs. If i want to short bharti airtel option and if i have in my account. Is it enough or extra margin is needed while shorting options?

Use our SPAN calculator to add the exact Bharti airtel option contract and see the short margin requirement. As a part of my hedging strategy…. My question is regarding the M2M for illiquid options, What if liquidity for these options completely dires up? How is the M2M in such a case determined?? While i had short the option Rs. Yash, it will be based on intrinsic value of the option.

So if Nifty goes to , these calls will automatically have an intrinsic value of Hi Nithin part of my strategy I used to write both call and put at same value in every morning meant for intra day for example say if nifty in ,write the call at 40 and put at I could not understand this process.

Shorting both Calls and Puts is inherently a risky strategy! The price of an option is effected by: As a thumb rule you can assume that Rs. The instrinsic value is determined by the underlying eg. Also, if during the day if the Value of the underlying remains unchanged, you get a profit of Rs. You must be wondering who would be on the selling side of options if it is so risky Ans: All options are settled to the value of the underlying, so if you have shorted Nifty calls and Nifty closes at , your calls will be assigned at Rs Similarly if you had shorted puts it will be assigned at Hi, If i write an option, should i buy it at expiry date 0.

Assuming you already have a trading strategy in place, what is the most important factor is to contain risk. Since option writing can cause unlimited losses, you need to have a sound risk management strategy, a plan on what you will do if things went wrong. Hi Does Zerodha platform has strategy builder as part of the trading platform or it is separate.

Is there any tutorials available at your site using them. Part of the platform, check this out. How to calculate delta,gamma, theta,vega values of nifty options? You need to use Black Scholes for calculating greeks.

You should get your other inputs from here: Thank you for the information. So is it possible to get a rough premium value of the option for the next day by putting in these values. I got the volatilty as I would like to know if i am doing it correct. Pls correct me if I am wrong. Then putting these same values in option calculator I got Below values. So what i guess is the premium for the Put Option aug would be around Rs?

Put Option Theoretical Price Can u help please. Is there any blog which is been posted from your side for info about that. Maybe posting one would help many to understand it on the software and also on paper. Please guide what will happen in below case If I short 2 Maruti call and at the expiry if Maruti is below How the trade will take place? Swapnil, if you have shorted Calls and if stock price of Maruti is below , you can let your options expire, because you will get to keep the entire premium as profits.

There is a problem with stock options because of liquidity, if you want to exit you might not get the best price on the exchange. What this means is that the buyer of an option can exercise only on the last day of expiry and even if he does, whatever is the difference is settled in cash. Assume you shorted puts Rs 50 on Nifty and Nifty tanked to Assume now that the liquidity in this contract becomes zero i.

First thing you need to understand is that in India all options are settled in cash. So as a person shorting option contracts, you never have to worry about either taking delivery or giving delivery of stock if assigned. If you are assigned, you have to pay the buyer of the option difference in money from the strike to the current closing price. Also all options in India today are european, what this means is that the buyer can exercise this option only on the last day of expiry.

Dhaval, time decay is only one aspect of option writing, but value of option going down also depends on volatility. If volatility picks up, both the premiums can go up, even when there is a time decay.

But yeah, this is relatively a safe strategy, but if market moves in one direction very fast, it can still cause you a loss. Dear Nikhil, Suppose I want to place a bull call spread strategy on nifty trading at say I am buying CALL What it indicates the far the strike you sell the more profit.

The idea of shorting the OTM call is to basically be able to hedge your long call position. The problem with shorting a deep OTM option is that you are hedged only to the extent of Rs 2.

What this means is that if market goes against you, starts going down , the Which strike you want to choose will depend on your strategy, if the idea is to hedge, there is no point shorting call to reduce your risk by just Rs 2. Dear Nikhil, for creating bull call spread which chart I should see the nifty spot, nifty futire or the option chart? Dear Nithin The option premium of the August contract is very low when compared to the previous month,even first day itself of this contract.

For example Nifty call is at May I know reason sir. Value of option also depends on expected volatility in the markets, this basically tells you that market expects very low volatility for the next month. For initiating bull call spread can I buy call today and sell call after two days or it has to be done at the same time.

It is not a bull call spread, unless you execute both at same time. Yes it will be two trades as you are placing orders on two different contracts. Hi Dhaval I am new inot this options trading can you let me know the strategy so that I can also try out.

Plus intraday chart comes with 20 days of intraday historical chart, whereas NEST intraday has only for that particular day. Historical chart gives daily chart for the last few years. Hi, I am new to options and zerodha trading platform. My query is if I sell a put option of Rs. So if you are short puts at say Rs 5, and reliance drops from to , the value of puts might go up from Rs 5 to Rs 7.

Since you are short, this Rs 2 increase would be your notional loss. So you can either buy back the option at Rs 7 to book this loss or else hold it till expiry. At the end of expiry, if Reliance is at or any value over , the value of puts will become 0 giving you Rs 5 x lot size as profits.

Hi , Nithin Sir. I am new to options writing and want to know regarding OTM options expiring worthless. You need not square it off at 0. But if you need that margin to be unblocked which is being used for the short options to take fresh positions, you will have to.

When you short options the risk is unlimited and hence a margin is usually blocked which is again as per exchange regulation mostly.

You can check out https: I had a doubt regarding options from past 2 years how it works actually …. I read it and gained knowledge about options … I felt very happy because I spent 1hr on this …. This month only i started trading in option i got it what is call and put but i want to know about short selling of call.

Only the options which are out of money on expiry will be 0. So if Nifty closes at , Call will close at , and call will close at 0. Yes, you can short and buy back immediately or anytime before the expiry day. If you have bought 1st week of the month for Rs 5 and if NTPC is still at at the end of the month, the premium would have already dropped below 5.

I want to initiate a calendar spread strategy in Nov Assuming at that time nifty is trading at My pay off diagram is as attached. In this you can see that maximum gain is around is 40 but the loss is around How can improve this so that I can get gain is more and loss is less.

If possible can you please walk me through this strategy step by step including steps to exit the strategy. Little confused with your strategy, you are thinking of shorting Nov Calls at 57 and buying Dec calls at ? You intend to hold this till end of December or until end of Nov? Because if it is till end of Dec, your payoff diagram is not right. Nifty could close Nov at , loose you points and then drop below in Dec to loose you the on long calls, potentially losing you points.

If you are holding till NOV expiry, there is no way to increase your risk to reward using this strategy. So Nov calls might go up, whereas Dec calls may not go up as much. This again will hurt your strategy. Hi Nithin, Thanks for your knowledge sharing…. I am new to options trading, I have few questions: Do I get buyers for this huge amount of call contracts?

But if you are trading stock options, be vary of the liquidity. What if there is no buyer for a contract OTM that I want to short at market value? Will my trade be executed or will it be in open state till any buyer is assigned? If my trade is executed immediately then who is paying the contract premium to me? Also what will happen if there is no buyer till expiry? Will my OTM position be exercised at zero price?

You can place a limit selling order and hope someone buys it from you at that price. If market is moving in your favor there is no issue, but if it goes against you the only thing you will be able to do is to take position in another contract to hedge this risk. On the expiry day, if your option is OTM, then of course it expires at 0. The spread order tool is a highly significant tool for strategic traders like us. We can make margin benefit through it. Moreover we can calculate our maximum risk of loss before entering.

To put it in simple terms, as in Modi governance less government more governance is enhanced, likewise in Spread orders, less margin requirement more trading oppurtunities is enhanced. I want to get some clarifications regarding it. Through your articles i do understand that spread over entries will not get displayed in general order book and we can check our entries in spread order report. Yesterday i made a spread order entry, in spread order report it showed that the transactions got executed in completed orders coloumns.

So i thought the order had took over, but when checked in back office report yesterday in open position coloumn those transactions are not there. So how do i know whether the transaction had got executed or not.

In order to get it clarified Yesterday 3rd november i called zerodha customer care, it kept on ringing, nobody to answer. I kept on trying but still its ringing nobody to answer.

Please for customers convinience, pls provide us with alternative number for call and trade section. Hope u will consider. Our IVR lines crashed yesterday, which caused this problem. Will get someone to call you back. Thank u for ur speedy response. Please provide me the information of Spread order report sir as mentioned in my previous query. If I am writing a call option in currency what will be the margin amount will be hold by you assuming that rupee trading at Hi Nitin, I tried to place an order to buy Nifty Call options units, but it got rejected with below message?

Check freeze quantity for FO including square off order,Current: Arun, exchange has put a limit on maximum order size. So for Nifty it is , if you want to buy more than that you need to do it in multiple orders.

So 10, 3 times will get you to 30, Gerald, finding opportunities in calendar spread is quite tough considering there are a lot of computers playing the arbitrage game. It is very difficult to track and know what is happening to the underlying, also there are no chart options for Nifty, bank nifty etc?

Arun, you can add the index in the index box on the top right. In our new platform Pi, we have options to look at index chart as well. Sorry man if i am posting this again. How about selling options intraday using cover orders as an alternative to buying advantage being the rangebound markets. Normally shorting options is deemed riskier primarily bcoz of the reason that at expiry if youre on the wrong side,youll lose a lot.

Is there anything else that makes shorting riskier than buying? My idea is to use shorting using cover orders as a better alternative to buying Normal product type so that you dont need to worry about listless rangebound markets. Margin required may be higher than buying even if cover orders are used but thats the maximum we can go. Is it a good idea? Manju, Option writing has definitely better odds of winning compared to buying options, even if it is for intraday.

Typically time value keeps reducing even during intraday and hence you benefit as an option writer. The only tricky thing is, if the volatility picks up, option premiums can suddenly shoot up.

I am asking this just to know what is the liquidity in Bank Nifty options if I want to trade in huge volumes…. You are doing great job by answering so many user queries. Sell OTM — Mar Exposure margin is calculated twice which is big blow to retail investor as it blocks great amount of capital. SPAN requirement of each leg is added while doing margin calculation.

This is another step where significant capital is blocked. NIFTY is cash settled and European index so why margin is blocked for each side of short leg when only one condition can be true at expiry.

There is no exercise before expiry so no risk of early assignment. I read your comments above regarding concern that trader may square of 1 leg of position leaving other short position open.

Hence you calculate margin for sell side. However SPAN software which I believe runs multiple times on a day on entire portfolio should be able to catch such situation almost realtime or at end of day. My point is that for spread and strange, investors are not getting real benefit of SPAN by reducing margin requirement based on risk level. Kunal, firstly what brokers block is basically what exchanges asks us to block. So yeah, as a trader for so many years, I have always wondered the conservative approach exchanges take in this regard.

I guess you have checked our SPAN calculator , the values that this return for various strategies are as per the exchange. You can blame them for this, but on the flip side because of their conservative approach we have never had a default on NSE, even when we had probably the most horrid times in Are these regulations same for Institutional investors as well?

May be simple statistic of Retail vs Institutional Open Interest can point it out. Retail investor will stay away from options industry as one needs big pockets.

I mean you are in better position to comment on statistics. The margin requirements are same for everyone, it is set by the exchange. Yes, and u can hold till 3.

No, only in multiples of 25 3. The way you bought, same way place a sell order for the quantity and price. Yes, Nifty options are the most liquid instruments in the market.

Or am I missing something here? Can we simply sell puts and pocket Rs — its OI seems to suggest it can take that volume. Is the calculation correct? Am I supposed to deposit over a crore into Zerodha account to get 90, premium? Guess you got the answer to your previous question: The buyers are people who are either covering their shorts if OI is decreasing or if OI is increasing would mean people trying to hit a lottery. Now my que is whether the margin blocked will remain same till Nifty crosses or will it increase as Nifty approaches and I have to provide additional margin to hold the position.

Umesh, the margin will keep going up as and when Nifty goes towards Yes, you will need to bring in additional margin then. I am new to Zerodha and just came across this article.

My observations on these 2 trading platforms. Will appreciate if you can clarify:. The moment you short an option in ICICI Direct, a trigger price is decided and additional margin is required only when this trigger price is breached. But in Zerodha due to MToM applied on the written options, every day additional margin is blocked for those options.

We have built a SPAN calculator that shows the margin requirements even before getting into a trade. Btw this margin requirement is as per the exchange. There is nothing like a trigger price is decided in advance.

At the end of every day, if the market moves against you the margin requirement for that option automatically goes up, and similarly if market moves in your favor, the margin requirement drops. Hi Nithin, Thanks for the response. Let me take an example for a better understanding. This is for my better understanding of the way Zerodha works. Extra margin is required only when Nifty moves to or below that. Since the written communication always has its limitations, Is there a number where can I reach you.

A Put requires in margin and a PE requires , when Nifty is around I was excited to invest in the stock markets. Because my trading volume was very low and my overall investment in stock market was less than 1,00, rupees. It was easy to transfer funds from my saving account to demat account, so the high transaction charges did not bother me.

A trading account is used to place buy or sell orders in the stock market. Demat means dematerialising shares into digital format rather than on physical paper. If you are long term investor, then you must read the most insightful article — 7 Smart Steps to Start Investing in Stock Markets even if you have just Rs. Give high amount of initial cheque when opening the demat account. You can withdraw the money back to your saving account once the account is opened.

But you will be able to negotiate for the lowest possible brokerage with Angel Broking or anyone that you select. I gave the first cheque of 1,00, Rupees and got the 0. There is no compulsion to invest money immediately, you can safely invest whatever you want, even if you want to start with Rs. In , I started investing heavily into stock markets.

My trading volume is low because I prefer to buy shares for long term. For high trading volume you can open an account with 5Paisa You can Click here to open account with 5Paisa. You can read the detailed review of demat accounts and decide which is the best trading platform for you.

Unlike other demat and trading platforms, 5 Paisa offers flat Rs. No matter how much you buy. You will not be charged based on any percentage. Click Here to open an account with 5Paisa. In either case, you will save a lot of money from the saving from your trade charges. Account opening is very easy and convenient. You fill up simple online form and they will come to collect your documents. Direct link to Fill up online application for 5Paisa Account.

Angel broking is one of the oldest brokerage company in India having established network branches in over cities. At present angel broking providing service to more than 10,00, customers. I negotiated the brokerage charges at the time of account opening by giving a high amount of opening cheque.

Aditya Birla is relatively new in the market so I am not sure about their customer support. I am listing here because of their affordable pricing and good brand name.

If your fed up with paying annual maintenance charges to the brokerage companies, then you must consider Aditya Birla demat account. Currently, Aditya Birla offers demat-cum-trading account with no annual maintenance charges for 5 years. For this, you have to pay one time demat account opening charges of Rs Apply for the Aditya Birla Account by clicking here.

ADM offers terminal based, web based and mobile app based trading to its customers. Other then trading platform ADM is providing a portfolio tracker and online analytical for better decision making.

You can also Access all account related information like portfolio tracker, capital gains, statement of accounts and DP Holdings and. RSL is a wholly owned subsidiary of religare enterprise.

RSL is a diversified financial service group which serving more than 8 lakh across both online and offline platforms. RSL offers broking services in equity, currency and commodity along with depository participant services. Kotak securities provide a single platform for investments in equities, mutual funds, and currency derivatives. It also offers margin against securities using shares in your demat account. Available margin can be used for any of the three segments.

If you are looking for the broker advice then Kotak broker also provide daily alerts, economic reports and customizable Research Reports to its clients. Sharekhan is one of the leading online brokerage company having more than 12 lakh customer base.

Presently company has providing service from more than offices across cities. This account has the features like multiple watch lists, real-time portfolio tracking with price alerts and integrated banking. Motilal oswal financial services is at the third position in the list of best demat accounts in India. Presently the company has more than business locations with over 7. Zerodha is one of the largest discount broker having more than Over 1.

Zerodha is best for the small investors because there is no minimum charges of brokerage per trade. The brokerage rate is 0. This will lead you in saving on brokerage. Their main business review comes from derivatives, hence they have decided to charge zero brokerage on delivery. Zerodha also offers a 60 Day Challenge. If a trader is net profitable in a 60 day period, all the brokerage charged to him will be refunded.

Maximum brokerage reversal is capped at Rs per challenge. You should not open Zerodha account just because it offers lowest rates. I do not have any account with Zerodha because I am not a trader. You should open Zerodha if your trade volume is more than 1Cr per year. Ventura is a full service broking company which provides service to clients to invest in equity, equity derivatives, commodities, mutual funds, fixed income products and currency futures.

I am Ventura customer for a long time. Their windows based trading platform is also good. You will need a little trading before starting your trading on their platform. Ventura charge different brokerage rate depends upon the plan that you will choose. You have to pay the plan amount at the account opening time. Your brokerage will be adjusted against deposit throughout the year. ICICI direct is one the largest share brokerage company having more than 20 lakh customers.

A variable percentage of brokerage is charged on basis of quarterly turnover. Higher the turnover, lesser will be the brokerage. A fixed percentage of brokerage is charged on turnover. There is no turnover based slab rates like I- saver plan. You have to pay prepaid brokerage under this plan. The brokerage rate is lesser as compare to the other two plan. HDFC securities provides 3-in-1 account which integrate your saving account, trading account and demat account. I tried to collect all required information in a single article.

I would like to know which account you liked.