Connect with us

Business & Finance

Does Zerodha charge for cancelled orders? 

Jaleel M

Published

on

Does Zerodha charge for cancelled orders? You probably want to know if you will be charged money or not by Zerodha in the case of the order cancellation. We have the answers to your queries right here in this article. If yes, then what are the essentials for the same?

Does Zerodha charge for cancelled orders?

No, Zerodha doesn’t charge brokerage or other fees for cancelled orders

You have to pay only for brokerage/fees/charges for the orders that get completed and not for the orders that get denied or canceled for any reason, whether auto-canceled or manually canceled.

Graph representation of the stock

What are call-and-trade auto square-off charges?

Squaring off: – It is a trading style used by traders in day trading, in which a trader buys or sells a particular quantity of stocks; later in the day reciprocates the trade he did in the hope of making a profit. 

Call and trade expenses are applicable when you place buy or/and sell orders by calling the Zerodha broker desk. If you didn’t square off your intraday positions, our risk management team your Square off status for unavailability of margins.

If in case, your position has been auto-squared off by our team, it is considered a trade, and you will charge Rs 50 + 18% GST per order even if you haven’t called Zerodha to place the trade. 

All Intraday positions you start using MIS during the day will square off the same day before the market close. 

The timings for completing MIS are given below –

  1. Equity – 3:20 PM
  2. MCX – 25 minutes before the close
  3. CDS – 4:45 PM
  4. Equity F&O – 3:25 PM

If you were unable to close the MIS position before the limited time, then these MIS positions are sealed by our team; will be considered as an auto square-off trade. Our RMS team can also square off your positions due to the unavailability of the margin required to complete the process. 

Note: – The timings of MIS can be changed under conditions by the Zerodha RMS team. 

Zerodha even mandates a Demat annual maintenance charge (AMC). All Zerodha customers must pay a Demat AMC of Rs 300 per year. If you have a spare Demat account, we suggest you close it as soon as possible to avoid charges of Rs. 300. If you are interested in paying them quarterly, then it is just Rs 75. However, you can try to open a broker account to avoid this fee. 

Other than this, no hidden charges are charged by Zerodha for using their platform to do trading. 

Conclusion

No, Zerodha doesn’t charge brokerage or other fees for canceled orders. Annual year charges are levied on every account other than a broker account. It is a compulsory payment that everyone has to make to continue to do effortless trading on Zerodha. 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

five × three =

Trending