Many of the traders here must have used zero securities accounts. But sooner or later you will have to switch. Why did you switch?
I think most traders will switch when they can handle brokerage fees (i.e. have enough income to ease the pain of brokerage). I could be wrong, but I think that’s the main reason.
I’ve read another similar query where a user stated that a broker actually took a high brokerage fee. Is there a difference between the physical segment and the trader’s brokerage? Will it fluctuate based on the profit the trader makes?
I have no idea about this kind of broker. But I’m sure the experienced traders here can provide some clarification on this.
It’s static, but unlike investors, F&O traders trade a lot, so they end up paying a higher proportion of their overall profits in brokerage fees if their profits aren’t high enough.
I’ve been using finvasia and flattrade for a few months now and it’s not working properly during market launch from 9.15 to 9.30. I have the same issue with 3.15 to 3.30 as well. Sometimes orders are not fulfilled saying “No Yale system…” Last Thursday I faced this issue.
Flat trade saved me 38000 brocalge, which is good, but most of the time the chart is not open.
At the market close last Friday, we failed to square 10 lots 18600 CE, resulting in a loss of 10,000.
I also use Finvasia and have never heard of Flattrade. Which do you use the most? Finvasia or Flattrade? I don’t run into problems with Finvasia on a regular basis, but it certainly happens here and there.
Using both equally, flat trades are used for selling options and Finvasia is used for buying options. Shoonya chart is not open. I use ACC for charts.