Comment on How safe is it to trade with Zerodha? Recap

Rahul commented on 28 Apr 2020, 02:23 PM

However, skeptical and negative i may sound but there is a always a slight chance that tomorrow zerodha may run with my money.. It may sell of my shares in demat account without my permission as zerodha has a power of attorney given by me in its favor.. Then what remedy will i have in such a case.. Also, it would be possible tomorrow any private broker can run away with hard earned money and settle in an foreign country similar to some of scams in private banks.. How safe is my money.. What is the guarantee that my money will not be misappropriated.. Zerodha may claim that it has the best security standards and what not, but for person who has decided to do an illegal act everything and anything is possible..

PS. Please don’t take it otherwise, it is only concern about the safety of my Investments.. I have no intention of casting any aspersions on zerodha or any other private broker..

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