Broker which provide 5x+ margin for selling option? Fed up of RKSV issues

#24
Fortune is also giving very high leverage with Nifty Rs 5000, BankNifty, Crude Rs 3000. Although the turnover charge is little high 490, but there is at least a brokerage calculator (not like Kotak).
The offer in future is similar to Asthatrade(even lower intraday margin at Fortune).

Don't know if there is any good intraday option writing margin leverage, interested people may contact and share the info.

Dude 490/- is not little.....
its just double...... :oops:
 
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headstrong007

----- Full-Time ----- Day-Trader
#25
Dude 490/- is not little.....
its just double...... :oops:
Yes, it's more than double(min is 190), but 300 per Cr is little compared to 3-4 times extra intraday leverage you are getting there. For example, if you are currently trading with intraday X volumes, your volume may increase to 2.5X-3X with Rs 5000 per lot with same capital.
So your profit is at least more than double with the same capital, if you can handle the leverage well. Altough, leverage trading is only for pros, most people will burned out fast.

A simple calculation behind the term 'little':-
300 Rs per cr extra means Rs 60 extra per BNF (5 lot per Cr @25000), means breakeven Rs 1.5 extra for BNF. But your volume could be at least 2.5-3 times higher(with extra leverage) with same capital comparing to other brokers. So in terms of profit, it's more than double now.

Adding to that cost, they have Rs 50 call and trade( or auto square off same) charge. Be aware of that.

But, we must remember broker need to infuse extra money to provide extra intraday leverage, they pay interest on that money. Hence some overhead cost attached to such high leverage.
Also, leverage trading is not everyone's cup of tea.

****************
Known broker Astha is giving even less leverage with 0.01% brokerage(means Rs 1000 per Cr) with Rs 190 transaction. So comparing to that fortune is charging much lesser. The transaction charge of Rs 490 with Rs 20 per trade has clearly much lesser breakeven.

******************
Fortune is not for option seller. Only 3X intraday option selling margin there. Now, Fyers has 4X by default, better option.

Fortune is good for Nifty, BankNifty & Crude Future pro DAY Traders only who can handle extra leverages well.
 
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#26
Yes, it's more than double(min is 190), but 300 per Cr is little compared to 3-4 times extra intraday leverage you are getting there. For example, if you are currently trading with intraday X volumes, your volume may increase to 2.5X-3X with Rs 5000 per lot with same capital.
So your profit is at least more than double with the same capital, if you can handle the leverage well. Altough, leverage trading is only for pros, most people will burned out fast.

A simple calculation behind the term 'little':-
300 Rs per cr extra means Rs 60 extra per BNF (5 lot per Cr @25000), means breakeven Rs 1.5 extra for BNF. But your volume could be at least 2.5-3 times higher(with extra leverage) with same capital comparing to other brokers. So in terms of profit, it's more than double now.

Adding to that cost, they have Rs 50 call and trade( or auto square off same) charge. Be aware of that.

But, we must remember broker need to infuse extra money to provide extra intraday leverage, they pay interest on that money. Hence some overhead cost attached to such high leverage.
Also, leverage trading is not everyone's cup of tea.

****************
Known broker Astha is giving even less leverage with 0.01% brokerage(means Rs 1000 per Cr) with Rs 190 transaction. So comparing to that fortune is charging much lesser. The transaction charge of Rs 490 with Rs 20 per trade has clearly much lesser breakeven.

There are more brokers with comparatively less brokerage and "little" more margin.....You can trade for a nifty @ 7500/- and with 190/- per crore as transaction charges.....

Anyways you have to maintain margin and leverage handling is must i agree.....
 

headstrong007

----- Full-Time ----- Day-Trader
#27

headstrong007

----- Full-Time ----- Day-Trader
#29
M trading with wisdom capital
Wisdom charge is 340, not 190!
Rs 190 broker, don't give [email protected] 7500. :p Extra charge for extra leverage is always attached somewhere inside the brokerage or within the transaction charge. The choice is ours.
 

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