FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
The brokerage firms who offer higher leverage for intraday trade is going to restrict their clients with exchange required margin. For stock brokers, this has a positive and negative reaction. For the short term, this is going to be a pain as a number of trades are going to be reduced, but positive sign in terms of risk management.
Discount brokers like Zerodha, Upstox, Samco, 5pasia – who were offering up to 33x margin with MIS, CO and BO, now going to offer SPAN + Exposure for F&O, and VaR + ELM for equity.
Full-service brokers (Brick & Mortar brokers) like sharekhan, Angel broking, India Bulls, Edelweiss, Geojit who has branch offices/sub broker offices and allowing the trades without collecting full margin upfront, now need to collect exchange required margin upfront in client's account.
Zerodha Trade@20