Why lower leverages, no BO/CO, during higher volatility?

March 13, 2020

Traders,

Let us take the example of Monday, March 9, 2020. Crude oil futures on MCX opened down 30%. On Friday evening, the margin required to hold Crude Oil was 15%. So the clients who were long Crude futures had twice the losses of the margin required on Monday morning. The losses made have to be paid to the clearing corporations (exchanges) by the brokerage firm irrespective of the client having the required funds. Yes, brokerage firms might recover money from clients using legal means, but it could potentially take time and if brokerage firms aren’t well-capitalized, that means all other customers’ funds lying with the broker are at risk. Very similar to what has happened with Yes Bank — some large clients not returning the borrowed money has put the money of everyone else at risk. 

While the 30% fall in Crude was a black swan event of sorts, with high leverages, even smaller moves in the market can push brokerage firms to take risks which can be detrimental not just for the business but also for all customers trading with them. For example, imagine the leverage for trading Reliance intraday is 20 times, or 5% of the position is asked as margin on normal days. If the client loses more than 5% intraday, the broker’s own capital is at risk. No sensible broker can continue allowing trading Reliance with 20 times (5%), or 10 times (10%) or 5 times (20%) or even 3 times (33%) in volatile markets like now when the intraday stock price can move as much. This is the reason why we reduce leverages significantly and also block products like BO/CO which are designed to give higher leverages due to mandatory stoploss. Also as per our risk management policy, leverages can be changed dynamically during the trading day based on volatility, and it is very tough to inform in advance before changing this. 

I’d like to take this opportunity to also let you know that having a stoploss in the system doesn’t guarantee execution at the stoploss price. Say a stock moves from 100 to 90 instantly, and assume you had a stoploss at 95. When the stock drops, the stoploss gets triggered at 95, if you have a limit selling at say 95 itself, it becomes a pending order as the price is now at 90. If you have a market stoploss, it will get executed at 90 as that is the market price, losing much more than losing at 95. So yeah, while under normal market conditions these stoplosses work to limit loss, they do not necessarily guarantee the max loss in volatile times like now. Adding to this, BO/CO products add a lot more load on our Order Management Systems (OMS), as each order is potentially now multiple with Stoploss and Exits which have to be all tracked together by our Risk Management System (RMS). This is the reason why we don’t offer BO/CO even with reduced leverages when we expect high activity and volatility. Adding more servers or capacity does not scale BO/CO as they are complex financial products that are tough to offer when there is extreme volatility in the markets. Such products can potentially hurt the experience for the customers who don’t use BO/CO and also increase the risk for the business. 

You will always find brokers who compromise on risk for gaining business, but as you’ve known for a decade now, at Zerodha, we have always followed a conservative and healthy approach. With the events (defaulting brokers, banks, NBFCs) over the last couple years, we have seen what can happen to financial services firms who compromise on risk continuously in the long run.

I’d want to use this opportunity to reiterate that we are and always have been a zero-debt business. We are extremely conservative in terms of risk management. We are also very well capitalized — our own funds are normally more than 25% of client margins. 

These volatile markets are tough even for the most seasoned traders. It is important to reduce bet sizes & trade with as little as possible. The lesser the money on the line, the lesser the risk you take, and the lesser the fear you are likely to experience.

Here is a relevant Innerworth post: https://zerodha.com/varsity/chapter/fear-of-a-sudden-turn-of-events/

Trade Safe, 

Nithin Kamath

CEO @ Zerodha and partnering startups through Rainmatter to help grow and improve the capital market ecosystem in India. Love playing poker, basketball, and guitar. @Nithin0dha on Twitter.

184 comments

  1. DarkWeb says:

    I actually hate zerodha for not giving me additional leverage & also blocking BO & CO in these extreme volatile days. But to be frank, I would’ve lost more than what I would’ve gained in these days.

    Actually, I’ve saved much my capital this month, which can be used in future, where I can make money.

  2. Girish says:

    The last few weeks have been extremely volatile, and it’s been unprecedented to see this kind of volatility (fear, panic) in the markets. All these won’t go away so fast either, given that there is so much uncertainty still.

    Completely understand your decision to block certain order types, during these times. Maybe, it’s better that one doesn’t trade during these times as much as during other periods of the year. Capital protection is good and when this phase is over, capital deployed in the right opportunities can yield good rewards as well. One needs to patiently wait it out.

  3. kintu says:

    You can increase the margin requirement in this days but .. stopping bo and co orders is not good. like i miss placing orders on a big day when i tried to place order then system says bo co orders are not accepted.. while changing order type it fell to 100 pts.. in nf.. i missed a good day.. even though i had money in my account to hold positions overnight… i couldnt enter with bo order… also in this time . placing two order one for entry and one for exit also makes difficult to trade in fast market. Kindly look into the matter and allow BO CO Orders with increased margin requiremnts. or inform us 30min before opening the market by sms that today bo co is not allowed. so one can prepare for the different order type.. oppurtunity miss is a big loss if one is not trading frequently and when the oppurtunity arise we are not able to put the orders.. this happens many times with fast market. either terminal is hanged or you dont accept orders…

    • Matti says:

      The reason for blocking BO and CO order types is explained quite clearly in the post above.

      • Rajjan says:

        There is an ease doing intraday using BO/CO because it is having SL and Targets inbuilt.
        In example above, MIS trade with SL or without SL is also not going to help and it has to always close with Market order.

        Best is to let CO/BO available and reduce the increase the margin requirement.

      • Nishant says:

        limited margin is acceptable!
        but by blocking the co/bo is simply pushing us in the loss as we can keep our eye 24hrs on a screen.

        and placing buy and sell order at the same time, in exchange of stop loss, has lot of limitaions and this is surely not a solution it seems you dont care for the loss of customers.

    • sram says:

      Nowadays i do limit order to enter any position and watch for few candles and exit using market order. That will give a quick exit instead of adjusting SL. Preserving many mouse clicks.

  4. Gaurav Bhardwaj says:

    Well it’s totally fine for full time traders to work without CO/BO orders..
    But for people who are not full time traders and cannot stick to screen all the time its very risky to get on ship without having stop loss in place.

    Most people understand slippage and would be fine even if they are thrown out of trade at 90 instead of 95, but if there is no SL on a trade then 90 can even become 70 or 50 or 30..

    On Volatile days Zerodha can keep leverage of CO/BO orders same as NRML but please let people have stop loss in place.

    • Matti says:

      The reason for blocking BO and CO order types is explained quite clearly in the post above. This has less to do with margins and more to do with what happens if the target and SL both get executed or rejected or cancelled due to any number of reasons.

    • Roy says:

      If it’s just a stoploss you want and not the leverage , you can always place a stop after a trade has been executed. It’s just an extra step compared to a CO

      • RDB says:

        What are the steps for this kindly tell me?

        • Matti says:

          Simply place an SL/SLM order at your stop-loss level after you’ve entered the position.

          • Naveen says:

            I also want a trailing stop loss which is currently not there in SL/SLM orders. Either give BO with 1X leaverage or provide trailing stop loss with SL/SLM.

          • Amit says:

            So what about setting target ..that means we have to place 2 exit position one for target and one for stop loss. THEN what will happen if target is hit and then price come down and stop loss also hit….? How we are going to handle new unwanted short position made in the process?

  5. GULSHAN KUMAR says:

    Actually its a safe game for brokers whats players like zerodha, etc does at the time of volatility. But frankly speeking that if a RMS policy and system is robust and strong enough then leavearage can be given in such volatile market as well.. EAGLE EYE

  6. Izazul haque ansari says:

    Please start co in mcx it is good for all time for me

  7. Raj Kumar says:

    Co and Bo order when open

  8. rmenon says:

    But why is the margin calculator chart not updated? One has to place the order to find out what the margin requirement is.

    • Matti says:

      The margins change realtime during the day based on market conditions.

      • Senthil Kumar says:

        It’s a shame, that zerodha is unable to square off my open positions at EOD.

        Instead, they’ve converted the outstanding into delivery trades and asking me to sell tomorrow when market opens.

        Now, if the market opens in a negative, who will cover the loss??????

        • SURENDER KUMAR HISSARIA says:

          I agree with you totally. The same thing happened with me yesterday. I have to bear a huge loss for not my fault & lost the hard earned trading profit of yesterday. In these days volatility is the characteristic of trading pattern and global market. while on some day Zerodha allows Co/BO orders and not on another day. I feel really frustrated. what a conservative approach! Clients looses the money & company busy in keeping themselves in safe heaven. OMG

  9. BAPPADITYA GAYEN says:

    please allow BO & CO as soon as possible

  10. Harshal Patil says:

    Please update your margin charts for equity also

  11. Santhoshkumar G says:

    When CO for crude oil will be unblocked

  12. PARTHIBAN says:

    Blocking CO/BO during market opening time is acceptable due to the reason said in the post.. But, it can be unblocked once volatility subsides as the market is not on the high volatile entire day.

  13. Raj Kumar says:

    Pls start co and Bo orders

  14. Vikas says:

    Hate zerodha for Blocking BO & CO

  15. ramesh says:

    What is the margin required for 1 lot futures in MIS intraday ?? I cant find it in the calculator.

  16. Raj Kumar says:

    Bo and co order kab open hoga

  17. sankalp says:

    1) what is the point in giving margins where there is no significant movement.
    2) bulletin board is not updated today on co/bo status. The last thing we ask is to atleast keep us updated on the status.

  18. srivathsan says:

    Pls open CO for MCX sir,

    volatility for crude is there in any given day in a year as it is subjected to International prices,
    and past theses days we didn’t find any volatile movements in Crude.
    Its absurd to block CO orders for your clients in the name of volatility.

  19. Kumar says:

    If MIS margin is higher than usual, then please post that margin amount also in calculator.

  20. Ravi says:

    The reason sounded for the safer approach is understandable. At least, the BO can be made available in the cash segment with a check on volume being placed.. it can be used to hedge risk when taking a MIS position with the given volatility. People understand what they are getting into. I guess instead of having a blanket block on BO/CO, atleast in a certain segment it can be made open…

  21. Milind says:

    I dont understand why BO/CO are blocked on volatile days. These type of orders come with a stoploss which i suppose cannot be placed higher than the funds in the account. How is brokerage funds in risk with that ?

  22. Adarsh says:

    Kindly update the margin calculator on real time basis sir. We have to keep putting multiple orders to find out the requirement only to find that it keeps getting rejected. Precious time is lost too.

  23. Izazul haque ansari says:

    Please unblock co in mcx

  24. Sudipto Majumdar says:

    I do automated trading through the API. I only trade CO on NFO with stoploss-market. My program also regularly updates the margin requirements of all instruments that the program is trading (roughly each hour).
    In this particular use case, it makes no sense to block CO. In high volatility days, raising the margin requirements would be automatically picked up by the program. Zerodha can restrict orders only to stoploss-market.

  25. Lohith d b says:

    Plz unblock co/bo for mcx at least

  26. Raj Kumar says:

    Pls unblocked mcx Bo and co orders

  27. sankalp says:

    There is no volatility in MCX….atleast not in last 2 days. Is RMS team keeping a pro-active tab on markets?

  28. Izazul haque ansari says:

    If co does not unblocked we will have to go another brokers

  29. Deepak Agrawal says:

    Sir please today unblock co order. So that we can make some money. Co order place with stop loss and only for intraday. Why you are not allowing for that. You can increase the margin of nrml order but Co order with a Stop-loss put. Please

  30. Deepak Agrawal says:

    Please open Co order in mcx at least today

  31. Lakshmi Prasad Nanduri says:

    I’am fine with blocking BO and CO, but I feel updating the status on a regular basis say every one or two hours is necessary and would help us a lot.,

  32. Dark Lord says:

    Retail traders like me, who can’t afford to stay in front of the screen all day, often use bracket orders for intraday trading.
    Without bracket orders, we are unable to trade at all. Our inability to trade is costing us P&L opportunities and costing Zerodha brokerage commissions.

    Over the last 2-3 days, intraday volatility has reduced significantly.
    Zerodha should consider reintroducing bracket orders, starting with index F&O

  33. Geetartha says:

    Can anyone help with my Issue..as the phone nos mentioned here customer care is not picking up their call..
    Well my Issue is that I am a Retail customer and am not able to place order of SBI EQ with my existing amount whereas in the 1st week March I was able to place orders with my amount whereas now that i am viewing margin calculatior it is showing that I can place orders upto 1100 shares but when I am placing the order a message is showing that I have insufficient funds..so can anyone help me with this

    • Hari says:

      That’s because the margin calculator is not getting updated by zerodha.But when you place the order you will know from the rejected order the required amount right so you have to calculate the value of single share yourself and then place the order.
      Hope this helps!

      • Geetartha Sankar Saikia says:

        Thank you Mr. Hari for your response and giving me the clarity .I guess its better I dont do day trading as of now as the market is quiet volatile and I am also new to day trading.

  34. ramesh says:

    Its a shame zerodha has blocked bo/co completely , most other brokers have some sort of co/bo……..
    why is zerodha being too conservative….. we use bo/co so we dont have to sit in front of screen all day..

  35. prashanth says:

    Not able to sell options at 3.20 to 3.30 today.. any reason…I want to sell my open option posiitons

  36. Pkyadav says:

    Today my order in ZEEL not excuted. I made position on sell side on morning. I try to buy. Not excuted saying it is blocked. Shame on zerodha

  37. rahul says:

    hello nithin,
    i have received sms from VM-ZRODHA
    “we have noticed SMS messages with link to a page that looks like kite.
    we haven’t sent this . it is a scam. if you are logged in, reset your password immediately”

    What is this i have not logged to kite. i contact customer care, but there was nobody to reply

    kindly reply what is this

  38. vivekroy says:

    IN INTRADAY BO or CO or any order, we put number of qty(which dont mean about how much capital is used, as leverage change daily), So, i want that , please give option by giving price way.

    For example – BO for ZEEL – Qty (rs.5000), price(rs.165), sl(5%), target(20%), trailing(10%),…..

    please include this way too…..

  39. Sahana says:

    Hi …I did a short sell today and was unable to buy even though I tried several times due to technical glitches neither it was auto squared off by zerodha …? Now it’s showing in my portal…looks like short delivery Please help

  40. Raj Kumar says:

    Today open co and Bo orders

  41. Deep says:

    That’s it…you guys suck..been more than a week with BOs blocked..to much micro management by Zerodha which is suffocating…they are succeeding just because of TINA…Moving to Upstox for now at least as they are allowing BOs.

  42. Venkatreddy says:

    Bo and co are related to day trading and it will be squared off on the same day.the risk is related to clients. In bo co there is strict stoploss with proper margin..profit will be good for client in this volatility and loss would be within there fund because already there is strict stoploss…so why zerodha blocks bo co ….i cant understand.

  43. vivek says:

    1 WEEK BEFORE – BO/CO SHUTDOWN.
    FROM TODAY – MIS SHUTDOWN.
    IN FEW DAYS – STOCK MARKET SHUTDOWN.

    16MAY 2014 – SENSEX 25000.
    19MARCH 2020 – SENSEX 27000.

    RIP……………….

  44. Izazul haque ansari says:

    I will have to go to another broker because co is blocked in MCX in zerodha

  45. arpit tiwari says:

    I agree BO & CO is your decision , you can stop it completely ,but penalty of Rs 50 on intraday trades if client doesnot squareoff the position by 3:15, is a bit too much. I think you should find out the root cause why RMS cannot handle the load when bulk order gets placed after 3:15 and get it resolved.

  46. Vaibhav says:

    High leverage no mis no proper margin no exchange guidelines using thereown knowledge think them the number 1 ….u will fall sooner tha you rise ….in crude people lost money u took almost 2 hr to sqaure off it is also yourfault forgot that main thing is your margin it never be constant always increase and decrease and blocking co and bo is like firing the customer even upstox is 100 times better than you

  47. Sameer says:

    Stopping BO/CO orders is wise decision. It will opened as soon as market stabilized. My point is why don’t you publish day to day margin requirments on your web. Many other brokers publish margin report on daily basis.

  48. Ramesh says:

    Is there anywhere VOLATILITY is mention in quantifiable terms like more than 30% as HIGH and above 50 or 70% as VERY HIGH, less than 15% as NORMAL. Perhaps this could be system controlled logic through Index VIX to enable or disable certain order types like Bo, CO etc..

  49. Senthil Kumar says:

    Gone are the days of peace full trading in kite application.

    These days, we are stuffed with too many constraints, exceptions and technical glitches.

    Wake up Zerodha, every day you are choking your loyal clients.

  50. Izazul haque ansari says:

    Please unblock co in mcx today

  51. ramesh says:

    zerodha is these days focussed on closing down business of other brokers by taking stand against all kind of leverage ,bo,co……… gone are the days they used to focus on small retail trader needs…. the large no. of clients has changed zerodha , they might as well be a full service broker now…….its time for us small retailers to move to other discount brokers like upstox and fyers……hope zerodha wont shut them down with their influence with sebi..

  52. Lohith d b says:

    Bo and co are related to day trading and it will be squared off on the same day.the risk is related to clients. In bo co there is strict stoploss with proper margin..profit will be good for client in this volatility and loss would be within there fund because already there is strict stoploss…so why zerodha blocks bo co ….i cant understand.

  53. Dinesh says:

    It’s better to move out of zerodha! So frustrating to see everyday that BO/CO are blocked

  54. Vineeth says:

    So true zerodha is becoming worst now a days. Already in search of some other brokers, few options are
    1) Upstock
    2)Sharekhan
    3) Samco
    4)Angel
    Good bye zerodha

  55. Guru says:

    Sir how about Fyers?Is it good?

  56. Govind says:

    It’s very disappointed nowadays trading with Zerodha. Blocking CO for MIS with even without leverage is very bad and unacceptable. What is the risk for you in CO execution? Also daily there is no Volatility. Gap up and gap down openings are not volatility. Moreover In volatile markets only one can get good profit. Then what for we are here with Zerodha.

  57. Taruna says:

    Zerodha platform is always face technical issues. Even several times in a day. I was not able to square of my position on 18, March. Next day bank nifty fall around 1500 points. Lost my hard earned money with out my fault. Their telephonic lines never never …connects. realised several tickets but they do not bother about the client losses. Can anybody suggest a broker with good trading platform.

  58. RAM says:

    stoploss in place bo/co should not be blocked that is the beauty of this product opportunity lost is also money lost, please enable bo/co as anyway the risk is taken by clients

  59. Lohith d b says:

    When u people open co and bo forcommodity segment at least inform us …

  60. Vikas says:

    Unblock BO & CO

  61. Chandan Borah says:

    During this volatility which is the best thing for Intraday trading that only we are not getting these days . Even after having good profit we are not being able to cover our profit and turning into big losses. Provide BO CO orders with 1:1 margin if you have any problem because after having capital we are unable to capitalise on the market swings…. Please do something. After all , all intrday traders wants volatility only.

  62. Anil says:

    Is there any alternative for BO and CO. Lets say I have sold Banknifty 30000CE at 300rs. I need to exit if the premium reaches 400 or at a target price of 200. How achieve this without BO or CO.?? Can I put a SL order at 400 and another fresh buy order at 200?

  63. ajay says:

    Well, even pornhub has made their premium subscription free worldwide . When is zerodha unblocking co ? 😀

    • Matti says:

      PornHub’s subscription doesn’t add risk due to volatility. 🙂 You’ll have to wait for volatility to subside before these products are re-enabled.

  64. NAIJILKK says:

    API NOT WORKING ANY PROBLEM

  65. chandan borah says:

    Admin,
    Is it possible to buy CNC with a fixed stop loss . If yes , please explain how.
    Thanks &Regards,

  66. Surendra Kumar says:

    Sir my account open 28/0320 but trading not allowed.

  67. Senthil Kumar says:

    Finally, some breather from Zerodha, CO is enabled.

    Thanks Nitin & Team. Hope you would not not recall it.

  68. Ashutosh says:

    Most of the responses from Zerodha indicate “BO & CO will be enabled once volatility decreases”. Could you please explain what the criteria to determine that volatility has subsided.

  69. Lohith d b says:

    Why co and bo are restricted from trading at least give me reason sir

  70. King says:

    I only do intraday trading and square off before 3.15PM everyday.
    I need higher leverage for making any profits during high volatility times not only me any intraday trader will make profit only on volatile days. If you are giving only 1X or 2X leverage what kind of profit any one will do.
    The above post doesn’t give any answers for intraday traders who square off every day at 3.15 PM.
    I shifted from ICICI to ShareKhan and then shifted from ShareKhan to Zerodha due to leverage. After shifting Zerodha I felt very comfort and settled with this broker for years and also I recommended so many people to go for Zerodha due to this kind of customers of zerodha, its grown to top 1 broker in India.
    Now again time come to find another broker because its waste of my time if there is no leverage or 1X leverage.
    How one by one joined into Zerodha the same way time come to leave Zerodha one by one.
    Now Zerodha only worried about their business they are not interested on the interests of their customers.

    • sankalp says:

      you said it. The rms team doesn’t know what risk is., except for oil, remaining commodities are literally showing no movement. but as per rms, they are ‘highly volatile’. I have sent application to open with a new broker

    • Matti says:

      What happens if you are unable to square-off because of circuits or lack of liquidity? The risk in such instances lies with the broker.

  71. sibi harshan says:

    Hello,

    I seriously Do not understand Zerodha these days, Why a product like BO which is more efficient and safe than a CO is still blocked.

    Provided by NSE, that there are upper and lower circuits for each stock and we are well aware of the risk here.

    It Really creates a uncertainty in the system. will this happen again in the future ! i understand that u can play with the leverages but not by blocking the most sane products.

    I can never trade without a trailing SL, Now its a very hectic process of manually trailing the SL .

  72. Mehdi says:

    I believe BO/CO aren’t only used for higher leverage but for inbuilt target & SL.
    The normal MIS is very much like CO/BO orders and can’t counter the sudden price crash.

    Please keep the BO/CO active during volatile market and adjust or reduce the leverage

  73. Rajjan says:

    Blocking BO/CO is unnecessary and it prevents taking trade faster during volatile time. this tool have inbuilt SL/Target which gives us more confidence while taking trade in Volatile market.
    Kindly reduce the leverage during volatile market but don’t disable these Intraday best way of trrading

  74. Jeevak says:

    Unexpected behavior from Zerodha by blocking BO/CO orders.

  75. Hiren says:

    Leverage may be reduced to zero, ask for full margin, but please dont take away BO/CO. How can you expect retail traders to beat algo/market movement in such fast moving market without the right tool ?

  76. sankalp says:

    If you look at crudeoil and NG today, the movement has been minimal. But yet leverage ratios are increased, co orders are blocked. Even global contracts had limited movement last night. How did RMS conclude ‘volatility’ . You don’t need a pro to know that, common. I think whoever is taking a call on this is lethargic and has 0 knowledge about markets.

  77. prakul says:

    In past margins for index F&o was 3x…nowdays it is 2x.

    When margins will be normal?

  78. Kiran says:

    When co and bo are open for crude oil commodities blocked in future also sir ?

  79. Rajan says:

    pls enable BO & CO asap… Foolish decision i ever seen in my Life….

  80. Chaitanya Iparkar says:

    What’s the current status? Can we place BO/C0??

  81. Arunkumar says:

    Sir,
    When will release BO and CO order? No need exposure. We will accept full margin like NRML.
    Regards,
    M.P.Arunkumar

  82. Suvankar Banik says:

    Can I place cover order in Crude Oil now?

  83. Shyam says:

    Please enable BO and CO bases on daily basis depending on market status , dont directly block it, you can increase amount per lot by some percent in volatility. And make it normal when its stable.
    Lot of other broker also offers CO and BO in volatility alao. So if you want customers to stick with you you need to enable CO and BO.

  84. Subrat says:

    Hi,
    When you are planing to allow the BO for trading. Seems like the market is stabilized and not much volatile. Please allow.

    • S.G.Khan says:

      Yes.. It’s almost over a week now and there is no much of volatility seen in market. It’s time now to start BO’s ASAP. There may be a day when volatility increase suddenly but that’s OK.. Let us know when this would be made avaialable.

  85. s.ali says:

    Zerodha is playing very safe for their own and have no concern for their intraday clients. when bo/co order comes with predetermine fix stop loss then how you could say broker funds are at the risk. you can fix the stop loss range to 2%, but kindly reduce bo/co order margin as earlier at least for nifty/bank nifty future. It make no sense 25% margin of normal margin for co order, which around rs 49000 for nifty.Please give more leverage on these instrument. Zerodha is at number one in discount brokerage list therefore its become more important for Zerodha show their responsibility in such volatile market rather than hiding in the shell for their safety.

  86. Vinod suvarna says:

    Without bracket order I can’t trade because I am not sure of where to put stop loss. Also target gets activated in market price resulting in difference in market and limit order. I have lost 30000 today in TCS futures because their was no bracket order in system. With bracket order I have could have limited my loss .so please start Bo asap to enjoy the trading as before I used to enjoy.

  87. Vineeth says:

    Guys just Google
    Is zerodha reliable?
    U will get quora answers, many users have nicely explained how zerodha cheats .

  88. Raj Kumar says:

    Sir co began in silver mcx

  89. baba says:

    give leverage for small traders as they can also trade and earn some money for living

  90. baba says:

    49000 or 50000 for one nifty fut lot at 9000 strike for a day small trader who does with very little investment..open bo orders and leverages you are providing are no use for small trader like me….please help us to trade..

  91. Nirmal says:

    Need BO. Please.

  92. Sunirban says:

    Is there any criteria based on which margins will be normal and BO and CO will be available again? Like India Vix <40 etc…

  93. Kalpesh Pande says:

    When will the margins be available like before? What is the criteria?

  94. baba says:

    guys tell when will you give normal levrages…..

  95. Hiren says:

    Why is CO allowed and not BO ?

    You want our stops to be hit but not the targets ? Do you want us to make money or not ?

  96. RAM says:

    1) Why CO alone is enabled and not BO?

    2)After entering a short with a SL in CO ,, If i want to exit the script at a particular price i have no option — i have only the option to exit at market price — where the buyers and sellers bid price 1 to 2 rs and in futures it is huge– is there a way to specify a particular price to exit in CO as the market price i loose easy 1000 to 1500 and i could not bid for a price at all

    • Matti says:

      Hey Ram, I’m afraid that’s not possible. You’ll have to exit using a market order or place regular orders instead of a CO.

  97. Leo says:

    I understand the point of blocking the BO.However would you be able to atleast quantify the volatility. As in wats the range in which you are planning to enable the BO orders again?

  98. Deep says:

    So you allowing COs but not BOs!? Please explain what happens to a short CO trade,in case the scrip goes into Lower Circuit

    • Deep says:

      I mean, in case of BOs in such scenarios, target price gets adjusted to Lower Circuit (LC) price and the exit is possible before the scrip gets stuck in LC; however, in case of CO there is no target in place so will it not result in Short Delivery issue?

  99. Vinayak says:

    I was choose Zerodha for there high leverage and now Zerodha doing totally unexpected things. Now I,m changing my trading platform there are plenty of platform with active BO/CO order.. Zerodha you are losing your identity with block of CO/BO order….

  100. Vinod says:

    Please for god sake start BO as early as possible. It is impossible to trade with less money considering their is no BO

  101. Hemanth says:

    Please start CO and BO as early as possible. It is impossible to trade with less money considering their is no CO and BO

  102. Kiran says:

    Please start CO as early as possible. It is impossible to trade with less money considering their is no CO for mcx plz sir I beg u,

  103. Manoj says:

    hello
    However would you be able to atleast quantify the volatility. As in wats the range in which you are planning to enable the BO orders again?

  104. Ram says:

    Will BO be allowed after 3rd May, once the lockdown ends…

  105. Sunil S says:

    Hi Mr Nithin
    BO are extremely useful, even without the extra leverage since it frees up my time & energy.
    Is it possible to arrange for BO in volatile times minus the leverage?
    Off course, I understand the risks & that the responsibility is mine.
    Best Regards
    -Sunil

  106. Arunkumar says:

    Can any tell which broker allowing BO order now a days? It’s essential for SL order like buy above and sell below. please guide me.

  107. Karan says:

    The latest charges by zerodha are really demotivating like have to pay a good part from what so ever outcome from the trade. Zerodha is known for less charges from its retailers. I am a small traders , I am looking forward that zerodha will act and reduce the charges😊.

  108. Hanuman says:

    Hey zerodha what happens about co,bo.why are you blocking BO.its time shift to other broker.i m not kidding.otherwise open your margin.now market react like side ways, not a volatile now’s days okzz.

    • Matti says:

      The market is indeed still very volatile. Take today, for example, where it closed 5.7% down!

      • SGK says:

        That’s like once in a blue moon now.
        It’s almost couple of months now. Please unblock BO/CO or this might affect your clientage.

  109. Tukaram patil says:

    sir plese bo co order how time stort

  110. Mahalakshmi says:

    The volatility has gone down substantially since March. It is high time you give better margins. When others like SAMCO are allowing BO,CO why dont you restart otherwise it dosent make sense to continue with Zerodha.
    You need just around 4K with SAMCO to trade Banknifty MIS and you want nearly 45K.
    It makes no sense.

  111. Swapna says:

    Yes I certainly agree with u [email protected] . I have not traded in zerodha for nearly 3 months because their is no BO and also amount required to trade is also high in MIS.

  112. Nipun says:

    Why can’t the BO be unlocked with 1X margin?

  113. Arunkumar says:

    Dear,

    When will you release CO and BO? Already I have switch over to Alice blue three days back.
    Even though you are the no. 1 India, so that we continuously asking
    Pl. release or else response swiftly…

    Regards
    Arun

  114. Rajj says:

    This is fraud lauda zerodha only losses pls remove al of ur money its total gambling lauda zerodha bulla zerodha.. Iwill stock market should crash and all this lauda offices should go deeply in debt..bulla ka bal hei zerodha pura gambling madarchuth bulla sale lauda sale log

  115. Amit says:

    So what about setting target ..that means we have to place 2 exit position one for target and one for stop loss. THEN what will happen if target is hit and then price come down and stop loss also hit….? How we are going to handle new unwanted short position made in the process?

    Is bo co order working now 8n equity? May 9th

  116. Amit says:

    Dear Matti

    Pls open bo co now with margin equal to mis or cnc. Without BO CO I am loosing money and cannot place 2 exit orders one for target and one for stoploss it become mess….both get it and I enter again into short position? I am not full time glued to screen…… if upstox samco 5 paisa can do why you cannot….. have to switch to other broker if not given such basic need for trading…… frustated….

  117. Dinesh says:

    In CO when i place Stoploss it always hits more than what i mentioned, in oprtions if i place CO stoploss like 600 then it will exit at 590-580 more than two points extra loss, why it happens, but target also same wont give what we placed.
    Bogus application, really its falthu

  118. Anup says:

    Hello,
    When the restrictions will be normalized on BO and CO?

  119. sanket says:

    agreed

  120. sanket says:

    Hi matti,

    At what vol level you guys are going open BO orders?

  121. Srikanth says:

    When will bracket order be introduced on crude oil, please confirm

  122. Vijay says:

    When would the MIS orders on crude oil trading start again??

    • Vijay says:

      Dear zerodha, reluctantly we are switching over to other brokerage houses… Plz, restart miss orders as soon as possible.

  123. Nithin says:

    Filling the complete order form for BO/CO and then realising that the products are blocked is a very bad experience. It would be better if the BO/CO radio buttons are disabled on the portal with a note if these products are blocked. Would save a lot of time for the traders.

    Also would be better to have a global notification on the portal saying these products are blocked.

  124. Es says:

    Due to blockage, I have explored other brokers and now I am happy with one new broker, though it costs additional 100 bucks for each trade, I have got 10times exposure. Thanks to Zerodha.

  125. Shubham bajpai says:

    First of all u hv increased brokerage from .01 to .03 and then u stopped giving higher leverages..higher brokerage not only increased your brokerage but also increased the overall tax ..second thing is,,it is understood if u blocked bo or co on extrme volatile day but in the name of volatility u increased the brokerage and stopped the higher leverage…i m not getting any benifit being a client of discount broker..one of the regular broker offered me the same brokerage as u with higher daily leverage with some other features..

  126. Shubham bajpai says:

    What is the benifit of being market leader if u cry every nother day in the name of volatility and if it is necessary for saving my money then who is responsible when i lost my money due to your technical nonsence….

  127. Rakesh kumar panchal says:

    Zerodha is good plateform
    But they are not learn to app
    And client is no proper use

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