Comment on Cover Orders - For Higher Leverage

Hanan commented on 11 Oct 2013, 04:47 AM

Sheetal, it’s nice to know you use our Cover Order facility as it was created for day traders to trade with low margins and high frequency.

Our answers:
1. CO is not yet available on Zerodha Mobile as we’re still waiting exchange approvals for this. It should be available for use on mobiles very soon.
2. You can’t square off CO on mobile because it hasn’t been developed for it…yet.
3. Since you cannot square off CO through the mobile app, you can just call our call center and our executives will square it off (exit the position) for you at no additional cost.
4. It’s true that the mobile trading app can be improved and we’re already working on an improved version. The reason the app is not available on the Play Store is because it’s a very niche app and doesn’t have too many users yet.

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