I want to trade in high frequency mode. Many order per day , zerodha eating nearly 400 to 600 per day . Need unlimited trading plan like 999 per month offered by sas online or 899 by wishdom capital. Have anyone used these? Can you suggest which one would be best among similar type of discount broker.
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If leverage is not an issue then you can use finvasia.
Hey @gopchem check out kotak securities they are offering 999 per year fee for unlimited intraday trading.
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But man the “Real” money is charged by the STT, TURNOVER CHARGES, GST, Stamp duty, etc. So brokerage is not an issue unless you are really scalping ( most probably you are as you mentioned HFT ) and a few ticks extra means a lot to you.
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Have you used it? How are experience?
GOOD. As with any startups.
Less customer base, less trafffic jams.
Your call gets picked in 4-5 rings. Problem raised is resolved, sometimes in real time.
Basically their charting platform ScalperT uses same tech etc as zerodha nad upstox - chartiq.
But their platform is slow and buggy.
But you can always use NOW for great execution. And use some other broker for charts only.
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Yeah, for Intraday across stocks/futures/options Kotak is offering this 999 per annum plan
http://www.kotaksecurities.com/ksweb/Our-offerings/Special-Intraday-Features/Free-Intraday-Trading
I am opening an account with wisdom capital.They give leverage up to 60x so STT and brokerage is not an issue if you are consistent in profits. @gopchem.Even paying 999/month is waste as STT will eat up profits.
Does kotak have 20x leverage for equity cash segment??If not then it’s not worth it.
I don’t think they have 20x leverage. Apart from this Intraday plan, every other category of trade is expensive!
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I trade too frequently only in BANKNIFTY weekly option. Set very small target of 3 to 5 point. Most of the time its achieve,but when not i immediately exit in market order some time its cost 8 to 12 point . In my contract note brokerage and gst on brokerage cost mostly, other charges are very low. So if i can reduced that charges it would be easier to make a day profitable. Hence searching for unlimited trading plans. Initially select sas online. Final discision is not taken even . Not trading for week. Comeback after new broker.
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A decision you might regret later on.
No contract notes issued on the same day. profits on nest , not same as they print on Contract note. bcoz the contract notes are issued only next day noon, you cannot double check if this is correct or wrong with the figures you traded yesterday. All those 40x leverage is only a gimmick not real.
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It’s not their fault if YOU cannot keep trading log
OR
you do not check your EMAILS regularly.
AFAIK each EoD NSE sends completely seperate pdf of trades taken on that day.
So you can clearly cross check your trades as per NSE with brokers CN.
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NSE nest platform i could screen shot it check the difference next after noon on contract note.The difference could be only brokerage charged by them.I am not quitting Zerodha but wisdom capital could be a back up broker just in case Zerodha crashes.
That’s the same with me as well. Shifting to kotak 999 plan. Have an offline kotak securities account. Will convert to an online one.