Tr bhai,
I did some thinking on finvasia. Till the account is small its still good to trade finvasia. Suppose 1 is trading with smaller capital. Nearly half of trading account size is to be kept in bank. Suddenly they move 5X and 10X to 2 x. Then we will have to deploy capital from bank to finvasia account and trade same stock with 2 x margin
. Loss of opportunity is more expensive. So long as its 2x we keep the capital in finvasia account. Once it moves back to 4x and above. Put the money back in bank. cost of additional capital would be capital cost of fd (6.7%)- savings account plus some lost days of interest may be around 4%.
That cost can still be much less than brokerage cost if account size is not high.
daytrading stocks has become very difficult with 2X margin in finvasia , without leverage daytrading is meaningless.