Yes, GTT in Zerodha is free. There are no charges to use the GTT feature in Zerodha. However, when the GTT order gets executed, you need to pay the applicable brokerage, Demat charges, and exchange transaction charges.
For intraday trades in stocks, leverage given by Zerodha is 20 times of the funds in the customer's account. So, if you have Rs 5,000 in your trading account then you can do intraday trading up to Rs 1 lakh.
AMO is allowed only between 3:45 PM and 8:59 AM for equity and up to 9:10 AM for F&O. For currency derivatives, AMO is allowed from 3.45 PM the previous day to 8:59 AM only. After-market orders are also allowed for commodity trading.
Margins. NSE/BSE Equity: Zerodha has a policy of giving up to 20 times exposure on a broad spectrum of stocks; no margin is given for delivery trades. The client needs to have enough money in his trading account to take delivery of shares failing which Zerodha can cut the position.
No, Zerodha doesn't charge any fee for withdrawing money from your trading account. You can withdraw any amount of money within the withdrawable balance for free of cost. The funds are transferred to your bank account at the end of the day.
You cannot open more than one demat account with the same DP. Investors who need multiple demat accounts can open them with different depository participants. So, if you want to open two demat accounts, you need to open one account each with two different DP.
When you place an AMO, you have to consider the closing price. However, you have the flexibility of choosing a price which is 5% more or less than the closing price. For example, if the price of a stock you are buying is Rs. 100 at the end of the day, you have the option of choosing a price in the range of Rs.
GTT is a feature which allows you to set a trigger price, such that; if your trigger price is hit in a future date, a limit order will be placed on the exchange as per the limit price and preset conditions set by you. AMO is an advance order that allows traders to place buy/sell orders after regular market hours.
You can cancel aftermarket orders (AMO) anytime before it gets executed. AMO orders are orders placed after the market closes. You have time, till the market opens or your order is executed, to cancel the AMO order. The process to cancel an AMO order is the same as any other normal order.
Zerodha AMO orders can be placed only during the following time duration: Equity - 3:45 PM to 8:57 AM for NSE, [3:45 PM to 8:59 AM for BSE] Currency - 3:45 PM to 8:59 AM. F&O - 3:45 PM to 9:10 AM.
Why has Zerodha stopped Bracket Orders (BO)? Firstly, a Bracket order (BO) is a type of order where you can enter a new position (intraday only) along with a target/exit and a stop-loss order. As soon as the main order is executed, the system will place two more orders (profit-taking and stop-loss).
AMO orders are allowed for all product types (CNC/MIS/NRML) except for BO/CO. You will also not be able to place stoploss orders using AMOs. On weekends and trading holidays, AMOs can be placed at any time.
Margin Intraday Square Off (MIS) is used for trading Intraday Equity, Intraday F&O, and Intraday Commodity. MIS product type is used to get the intraday leverage. You can check the Margins provided in Intraday using MIS product type on our Margin Calculator .
The Off-Market order option lets you place buy/sell orders in stocks after market hours. These orders are sent to the exchange on the next trading day. You can place an off-market order anytime except for 4:20 p.m. to 4:45 p.m, 5:15 p.m to 6:30 p.m. and again from 12:00 midnight to 01:00 a.m everyday.
Market OrdersIf you place a market order during extended-hours (9:00 to 9:30 AM or 4:00 - 6:00 PM ET) your order will be valid during extended-hours. If you place a market order when the markets are closed, your order will queue until market open (9:30 AM ET).
Day orders are the orders that remain valid throughout the day till the market close. These orders once placed, will wait for the matching order till 3.30 pm. The order gets executed on finding an order match. Day orders do not get auto-cancelled, unlike IOC orders.
Margin Intraday Square Off (MIS) is used for trading Intraday Equity, Intraday F&O, and Intraday Commodity Trading. Cash and Carry (CNC) is used for delivery based trading of equity. Using CNC product code you will not get any leverage nor will your position be auto squared off.
Zerodha offers brokerage free delivery trading that means all CNC orders are free of brokerage. CNC code does not restrict you from selling the stock the same day if desired. But the sell quantity cannot be more than the buy quantity. There is no penalty if you sell the shares on the same day.
A Day order is valid till the end of the trading day. It gets cancelled automatically if unexecuted before the closing of market hours. An IoC (Immediate or Cancelled) order is either executed immediately or else get cancelled.
You will be allowed to convert MIS positions to CNC/NRML only if you have sufficient margins in your account. To convert MIS to CNC/NRML and vice versa, open the 'Positions' tab in Kite. Click on the 'Options' button and click on convert.
The Commodity AMO placed during the day will get executed the next day.
AMO allowed for all product types CNC, MIS, NRML except for BO/CO.SL orders cannot be placed using AMO. AMO can be placed as a limit as well as market type orders.
AMO Order Time.
| Segment | Order Time |
|---|
| Commodity | Anytime during the day* |
To place a sell order in Zerodha without holding stock in the Demat account, you need to place an order using MIS (Margin Intraday Square-off) product type. You are required to square off your short position by buying back the stock on the same day by 3.20 pm.
Zerodha does not charge for Equity delivery (CNC) trades. The brokerage is zero. However, if you have selected the CNC product type and bought and sold the shares on the same day during the market hours, it will be considered an intraday trade(MIS), and intraday brokerage will be charged on your trades.
A limit order allows you to buy or sell a stock at the price you have set or a better price. In other words, if you place a buy limit order at Rs 92, you want to buy the stock from the exchange only at Rs 92 or lower. The advantage of placing a limit order is that you can place buy/sell order at the desired price.
After Market Order (AMO) as the name suggests, is an order type that can be placed after the market is closed. This order type is for the people who cannot trade in normal trading hours. You can use AMO if you want to place orders for the next trading day after the market hours. After Market Order Timings: Product.
A one-cancels-the-other order (OCO) is a pair of conditional orders stipulating that if one order executes, then the other order is automatically canceled. When either the stop or limit price is reached and the order executed, the other order automatically gets canceled.
