In contract law, a mistake is an erroneous belief, at contracting, that certain facts are true.It can be argued as a defense, and if raised successfully can lead to the agreement in question being found void ab initio or voidable, or alternatively an equitable remedy may be provided by the courts.Common law has identified three different types of mistake in contract: the 'unilateral mistake … Rather than using third party server for TOTP, ZERODHA should use its server to generate a high security OTP & send it to clients for login. I think zerodha is already asking for mail confirmation & showing ‘Nudge’ warning before trading such illiquid stocks. You can explore all of the above insights and immediately make investment decisions based on your findings. If a scammer gets into client account , He/She can make transaction to any other script “which you have not declared illiquid by you wisdom”. It’s a solid choice for options traders looking for some of the lowest commissions on the market. Hello Team, You can click on forgot password. Intraday trades are still not allowed in these stocks because the risk is still significant. Good work. You can find out more information by visiting our revision policy and money-back guarantee pages, or by contacting our support team via online chat or phone. If a scammer gets hold of your ID, password and PIN, he can use them to log in and place trades in your account. Even after setting up to to to my account, I am still unable to place buy order for illiquid stock such as MUL. Why Zerodha has prevented me from buying this stock. FTE APEX VIRTUAL EXPO. It’s very urgent. E*TRADE is another brokerage powerhouse and the company’s day trading app is streamlined and easy to use. Small change is required, checkbox instead of radial button. Many Inverters are not well educated. Compare the Top 3 Financial Advisors For You. Pl.guide us properly and give full/complete instructions. Toot is a stupid system developed by Zerodha. I can give you hundreds of example and counter example. Does this mean that if we don’t trade in risky illiquid stock, we don’t need to generate TOTP? THANKS ZERODHA & TEAM TO CARE OF YOUR CLIENTS. I truly appreciate with Zerodha new authentication way because in this digital world security is the primary need. The problem with the PIN is that it is fixed, like a password. Mandatory TOTP for illiquid risky contracts. Once you scan it, the account will be added on your authenticator app. Please let me know the process. bdw am using my money my effort why are you acting like a warden, The mobile app’s interface is streamlined and easy to use. Is it possible to disable TOTP and get back to regular PIN based authentication once I enable TOTP? कोई भी stock सर्च नही हो पा रहा है। क्या गडबढ घोटाला है । This app is designed for the more experienced investor who’s looking for in-depth analytical tools and real-time market monitoring. Frustrated investor. Like Tradingview charts or chartIQ. Two brokerage packages are available through TradeStation: TS GO and TS SELECT. I only trade nifty and banknifty options…will far OTM options of these be also be affected? If a scammer has access to your account, then he or she will ignore the warning altogether. I don’t have time to enter every time TOTP in the mobile app if I killed and relaunched the app. 🙂. You had no business in blocking your client’s legitimate trades and then you expect him go through this tedious and unnecessary process. While I get your point, wouldn’t it make sense for you to first look up what is happening BEFORE posting? BTW: How will you stop small IPO subscriptions from client? 4. You’ll simply need to enter the TOTP on the second device from the first. Being a No-1 Brokerage House might take lots of time But Downgrade will not take long time compare with your competitor. Webull is a commission- and minimum-free brokerage service that features an extremely easy-to-use mobile app. Unsuspecting investors then happen to click on these links which lead to fake websites that mimic the login pages of the trading platforms they are used to, where they enter their login credentials (username, password, PIN, and other bits of information). There has been a sudden increase in online phishing frauds in India post the lockdown. Pls don’t make things complicated, I’m not going to install any extra APP and like to better close my account. The broker’s job is facilitating a product buy or sell. 4. Bunch of nonsense. Stopping phishing attacks by disabling the scripts altogether! Now, you just need to set up TOTP once and enter the OTP only when you are logging in. This not acceptable. Done 👍 very easy get daily New code .. great work by Zerodha, Not able to set TOTP Error Server Not Ready Knowingly and intentionally deliver or retrieve another person who intends to commit, is committing or has committed an act specified in paragraph (a). Making this mandatory is a bad decision. Please simplify buying of shares Also my GTT NOT TRIGER. & wish to trade in “illiquid risky” stock If our mobile is lost the robber will get access to our account easily with this TOTP authenticator app he will get both key & the lock . What if I want to trade in my dads account today. Thanks Zerodha for care our safety & security. Yes on Tuesday I tried to place Reliance 22000CE jul buy order, n prm price was 0.05.. but when placing order shown some error msg n couldn’t place order.. n on Wednesday the prm price made high of 7+ n folded around 5-6 rupees.. now because of zerodha I couldn’t earn. message show ” invalid TOPT”. this itself shows it is not going to b effective. If there are a lot of requests in a single day, you’d have to wait longer. This app allows users to trade a variety of investments, including stocks, options, foreign currency and futures. It’s not the brokers job to baby sit all customers, but just to provide a seamless service. David Perdue was a member of the U.S. Senate from Georgia.He was first elected in 2014, and his term ended on January 3, 2021.Perdue ran for re-election and lost to Jon Ossoff (D) in the Senate runoff election on January 5, 2021.. So aware to not trade in this type stock. Enter the OTP shown on the app on Kite along with your password and click on ‘Enable’. You are going to lose much business.. add even good stocks, not penny require to toot. If any penny stock shackled around your neck, you cant get rid of this genie as there wont be any takers. Some traders may have fullHD or UHD/4k display. Please contact our support desk. It likely will end up like a classic “pump and dump” scheme, where only a few winners emerge by fleecing the flock that follows them into the trade. You can correct the clock time by selecting the ‘use network-provided time’ option in your device settings. Pl answer. Now what to do further. You can. Interactive Brokers’ mobile app boasts perhaps the most robust set of features of any app on this list. why you are copy-pasting same thing everywhere? 2) whether modifications of order placed also requires again TOTP process to be followed? Many more. What do you see on the top-right corner of Kite? Your writer will make the necessary amendments free of charge. Irving Copi’s 1961 Introduction to Logic gives a brief explanation of eighteen informal fallacies. To enter TOTP i have to go to google authenticator app to read the otp and when i come back to Kite app to enter otp on the box then it disappears and new page of kite app showing user id and password opens.In this way i am unable to enter otp and kite app in not opening in smartphone but opens in desktop.Please solve my problem.Thank You. Please guide me after step 7. Hi, Consider working with a financial advisor to discuss the possible financial implications of day trading from a tax perspective. 1. Let them see more info on the screen. Thanks. We’ve explained the same thing in the post above. This just the illustration – No hurt feelings. 2 step verification, totps are the norm for most secure transactions… Even whahtsapp and gmail recommend 2 step authentication. As for losing your phone, you can click on forgot password and reset password and PIN so you can login without TOTP. Just set up TOTP once, and use it to login. Think about it It seems you want to micromanage your clients and obviously think they are fools. This is the first time Zerodha is making major mistake in my opinion. The Acorns investing app is geared toward investors who are just starting to build a portfolio and can only do so with smaller amounts of money. Or is it compulsory to create TOTP by any means? But the nudge alert still says, “Intraday trades are not allowed.” because it is an illiquid security. Trey Mancini took his first at-bat since last March. This is the job of SEBI not yours. Hence TOTP. There are also many cases where scammy penny stocks are bought in customer accounts at a high price, shares that cannot be sold on the market as there would be no buyers. Will look into the possibility. While logging in to kite on mobile, TOTP was asked only once. I am using PC. This doesn’t even sound logical, and enforcing on the client who pays you, not a fair deal, not according to me! regards You create an Acorns account and link it to your bank account. as per your procedure , i have follow but 6 digit number is not acceptable . Not to choose.. It’s better you stick to your job and improve your platform to handle market volatilees rather than this sitty setup to buy scripts. The brokerage’s apps are packed with relevant information about all types of investments and markets, including initial public offerings (IPOs), dividends, popular ETFs and industries, Forex and even more. So am I right in assuming the contents in this specific blog post isn’t applicable as far as trades in nifty and banknifty is concerned? A few scenarios: should provide the option to opt-out. Not everyone fully familiar(updated) with all the new way of online attacks/scams. I may be in a location where the connection is not good. One totp daily basis or everytime we have to generate new totp for login. Totally unnecessary and uncalled for procedure. Zerodha will decide wich company need TOTP and put in restrictions not only NSE/BSE. 5. Atleast provide an option for customers to opt out of this feature on their own like submitting an online application etc. Before diving into the world of day trading, be clear about your. Your intentions are good, however, I see the following issue with this approach. Prior to running for … 🙂. One more suggestion from me. One mail is enough. I would suggest giving warning is well enough to clever clients in terms of illiquid stocks. Great. Give option to save charts layout, and option to display more than 4 charts. If someone used it to login then do not restrict them to take the positions in illiquid stocks. Instead of these TOTP lengthy process, why don’t you incorporate one more button like Nudge Tool in buying/selling panel? I am not very well educated. This Totp concept is complicated, and not required. With totp what u want to achieve, secure authentication or prevention in trading illiquid stocks. @Nithin/ Matti, One last example – Unitech – went from sub 50 cr market cap in 2004 to 100000 cr mkt cap n now 400 cr market cap. Please give user the option to receive TOTP on mobile OR email ID, after 1-step verification is complete at login. 5. After that, you can trade without any additional steps. We are simply asking our users to have an additional layer of security to trade scrips that we define as risky based on our risk management practices. Raised ticket on this issue. This makes your account far more secure. make TOTP mandatory for all tradeable stocks, phishing attack can trouble any tradeable stocks. How Much Do I Need to Save for Retirement? 6. Investors can trade stocks and exchange-traded funds, as well as futures and options. Then use your new phone to set up TOTP again if you want to trade illiquid stocks. It is a laudable initiative and it may be introspected if need arises. Yes even to check the portfolio for different family members accounts, we need to call them now and keep asking the otps. The google authenticator doesnt have any security like asking my finger print or pattern to generate otp,, anyone with my unlocked mobile can generate otp and enter into my account ?? 2. The phishing scam. I appreciate TOTP but a feature phone user like me , will have to buy a Smartphone to trade now in illiquid stocks for which I will have to shell out close to 10K.Can you Suggest any other option than this. TPIN will have been emailed to you. Hello Nithin & team, . Dear Team, What is Zerodha definition of illiquid stocks (or penny stocks). I have two doubt in my mind that I have expected to clear from you are as below. We just want to make sure that it is indeed you and not a scammer taking the trade, so you just need to enable an extra layer of security! The process of TOTP and google account…..all this become problem scanning QR code………..Why this? One trade remedy between the parties will already come into effect on 1 January (reciprocal safeguard measures on steel products, in the form of TRQS). But there is no guarantee that these OTPs are delivered on time. 3. Dear Sir , thouse who have already purchased should be allowed to sell without totp. If you delete again then I have to forward my view to exchange and sebi with a copy to you. This prevents the customer from hedging long term options that customer has sold. And don’t wanna trade in illiquid stocks either way. This isn’t any kind of policing. broker job is to provide services not to interfear which one is liquidy or illiqudiy stocks…if zerodha you really care for the customers then why dont you suggest customers what to buy and what to sell for intraday/delivery….customers willing to take risk, want to buy the otm contracts, want to buy current expiry month contracts options but you gave the reason blocked due to bla bla bla….if the contract/stock is really illquidy then sebi must delist the stocks…. Future Travel Experience (FTE) and the Airline Passenger Experience Association (APEX) will jointly host a ground-breaking, interactive online air transport industry trade show, FTE APEX Virtual Expo, to replace the global in-person events that both organisations had planned to stage in the last quarter of 2020. Is there any way to login to kite web without the mobile to take care of the positions? Check this post to know more about the phishing scam you couple fall prey to when investing in the markets. The trade remedies text is even thinner than that in CETA, and means that, in regards to trade remedies, EU/UK trade relations are governed by the WTO and nothing more. It would be easy to just give a warning message popup while trading such scripts with an additional checkbox saying “I agree the risk involved”(if at all), that shall do right? Another idea is to pop up a small window just before a buy order, giving warning to the client that he/she is buying an illiquid stock that can be dangerous. Please help. Rather don’t display such contracts on zerodha platform. Also, i have already taken the approval on Hathway Bhawani, but today My GTT order was failed because TOTP was not completed.However i have completed TOTP already on my account.
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