If you are considering opening an account with zerodah for option trading. Please clarify with them on the following issues. My personal experience with zerodah has been horrific.
1 They do not allow you to buy OTM options
2 Today 22 June 2020 I(client code RD4340) bought few ATM puts in the morning and I wanted to add more puts when the market went up, on the same put level so as to average my buying cost .Zerodah says order rejected inspite of having full money in my account.Zerodah system message says strike price is outside the allowed range. I enquired later with zerodah and came to know from zerodah as when Bank nifty moves 500 pints the zerodah system Suspends trading in options which are Plus Minus 500 points.I lost big money because of this .As the market reversed from the support where I had tried to place the purchase order .
3 One cannot use any viable option strategy as you can trade only one leg of your strategy for the other legs zerodah will say the strike price is above the allowed range
I opened my account 1 week back. realized it late after losing money. better understand how their system operates for your strategy then start trading on zerodah. Else as the name suggest your capital will become zero da.they promise something on account opening and they finally do exactly the opposite. Zerodah platform is not for option traders. they maybe good for investment etc, but I do not have any personal experience so cannot comment on the same.
lastly I transferred my money out of zerodah and shifted to another broker. not naming the new broker here as
1) not sure what mess up these new jokers will create, maybe only comment after 3 months
2) do not want you guys to join the broker and make this broker another mess hole like zerodah
3) You may think I am bad mouthing zerdodah market another broker