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In today’s flat brokerage industry, discount stock broker has a robust market position. Not only, it makes the execution of orders easy but also provides a seamless way to cancel orders. But what about the fees? Does Zerodha charges for Cancelled orders? Zerodha
In this article, we will check various reasons that canceling orders in Zerodha and the detail of charges for cancelled order.
Zerodha Charges for Cancelled Order
Being the top stockbroker, what makes Zerodha stands out is its
and advanced trading app. But sometimes when using the trading platform to place the order, it gets canceled automatically. lowest brokerage charges in India
Now here are some of the major reasons why a broker cancels your order
Wrong usage of order type
Scrip not accessible for trading
Stock groups change, and so on. The order book shows the reason for the rejection.
Order validity gets expired.
Also, when the trader is no more interested in taking the position, he or she cancels the order using the trading app. There is a seamless process to cancel the order using
app. Zerodha Kite
These are the reasons, now what about the charges. Are there any
for a canceled order? Zerodha penalty charges
Well! whatever the reason is,
any fees for a canceled order. Zerodha charges
You need to pay for orders that get executed; orders that are declined or canceled for any purpose, either automatically or manually, are not subject to these charges. Zerodha brokerage
So, if you are using Zerodha Kite, then you can cancel, modify or reject your orders anytime before execution and there will be no additional fees charged for this.
You can check all these details of cancelled orders in the Order book and can place it by fulfilling the conditions again.
If you are interested in beginning a stock market journey, then get in touch with us and we will assist you in choosing the right stockbroker and in opening a demat account online for FREE!
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