Margin facility with Sharekhan

Hello Bros...

Great forum for investment guidance :clap:

Currently I am using ICICI Direct.. so far not a regular investor....

recently, I came to know the margin trading facility. This seems to be very lucrative but at the same time very risky. Though I wish to give it a try at very small amount. But ICICI people only allow intraday margin trading. They square off at the end of the day. Also I hav seen very bad reviews of these people..

So just today I checked somewhere Sharekhan allows upto 5 days of margin trading facility.

Also they told me these charges :-

Free Account
Rs. 400 /- Annual Fees
Brokerage Charges :5 paise for intraday.
25 paise for delivery

Free Software : Trade Tiger.

What do you suggest guys ?

is ti possible! 5 days margin facility

Yes.. They have confirmed me.

yes its true,im using it

Hi ramanan02,

Can u explain abt the facility means what the procedure to use it. Also rate of interest charged or which bank is financing this? Or r u talking abt 5-day Square off product of Sharekhan?

Thks.

- Raj

i think its a product but i havent enrolled into any but by default i use the margin.ALL i did was just opened an a/c and it seems ur eligible for margin 4 times