Which broker has the maximum hold time for margin trading?

A

azaidi

New Member
#1
#1
Hi.

I'm currently using ICICIDirect. However, their MarginPlus product allows one to hold a stock only till the end of the day and the Margin product also makes you square off before delivery (T+2). :(

I'd like to be able to trade on margin, but hold onto a stock for longer than 1-2 days (swing trading). I've heard that Sharekhan offers a holding time of 5 days? Is this accurate and are there any brokers that offer margin trading with a hold time which is similar or longer? :confused:

Is it possible to negotiate with a bank to provide the margin trading facility if no broker is offering something like this for swing trading? :confused:

Thanks in advance!:D
 
kaushikbanerjee

kaushikbanerjee

Active Member
#2
#2
azaidi said:
Hi.

I'm currently using ICICIDirect. However, their MarginPlus product allows one to hold a stock only till the end of the day and the Margin product also makes you square off before delivery (T+2). :(

I'd like to be able to trade on margin, but hold onto a stock for longer than 1-2 days (swing trading). I've heard that Sharekhan offers a holding time of 5 days? Is this accurate and are there any brokers that offer margin trading with a hold time which is similar or longer? :confused:

Is it possible to negotiate with a bank to provide the margin trading facility if no broker is offering something like this for swing trading? :confused:

Thanks in advance!:D
Click to expand...
Yes, Sharekhan allows nearly 5 days. They do not have any auto square off system.
If u buy on margin and do not square off within Intraday, then u have to clear the funds within T+4 days or u have to sell the shares within this period.
 
alroyraj

alroyraj

Well-Known Member
#3
#3
Indiabulls gives margin till 6th working day when the intimation is given.On the 7th day the position will be squared. Margin trading is a standardised featuire offered by brokers but the plan is decided by the RM.
 
P

prudent investor

New Member
#4
#4
Hi,
When you say margin trading I understand you get to leverage also...So both Indiabulls and sharekhan gives leveraged open position on stocks for 5-7 days? If yes, then How many times?
 
D

darkstar

Guest
#5
#5
azaidi said:
Hi.

I'm currently using ICICIDirect. However, their MarginPlus product allows one to hold a stock only till the end of the day and the Margin product also makes you square off before delivery (T+2). :(

I'd like to be able to trade on margin, but hold onto a stock for longer than 1-2 days (swing trading). I've heard that Sharekhan offers a holding time of 5 days? Is this accurate and are there any brokers that offer margin trading with a hold time which is similar or longer? :confused:

Is it possible to negotiate with a bank to provide the margin trading facility if no broker is offering something like this for swing trading? :confused:

Thanks in advance!:D
Click to expand...
FRIEND religare offer i had a/c from them now also indiabulls offer
 
kaushikbanerjee

kaushikbanerjee

Active Member
#7
#7
alroyraj said:
As far as I am aware leveraged open position:
Indiabulls at 3 times leverage
Sharekhan at 2 times
Click to expand...
Sharekhan gives 4 times leverage. I think all brokers give atleast 4 times for trading in large/mid cap companies.
R u sure Indiabulls give 3 times only ?
 
S

symantec

New Member
#8
#8
kaushikbanerjee said:
Sharekhan gives 4 times leverage. I think all brokers give atleast 4 times for trading in large/mid cap companies.
R u sure Indiabulls give 3 times only ?
Click to expand...
I guess this depends on broker. Evry scrip has its own margin values.. some goes for 25% even . which means u get a leverage of 5 times.. check this at below :

https://newtrade.sharekhan.com/rmmweb/rcs.sk?execute=customerdetail&scrip=XXXXXX&exchange=NSE

replace XXXXXX with the code for the scrip . for example :

https://newtrade.sharekhan.com/rmmweb/rcs.sk?execute=customerdetail&scrip=RELCAP&exchange=NSE

this will give u all details about RELiance CAPital and their margin value
 
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