Finvasia

[icytrader]

You mean 1120 CE right !!

After facing margin issue myself and not getting any response from Finvasia , I gathered bit of info on this and based on my understanding :

1) Full margin is required while placing the order. You get the margin benefit only after the order is executed. Say for eg if margin req for a hedged position is 20000 but individual position requires 100000 as margin then 100000 will be required while placing order but once the order is executed and position is hedged only 20000 will remain blocked rest amount will be available to take other positions.

2) You will get the margin benefit if you hedge your position later in the day.

3) Full margin will be required If squaring off results in un-hedging of the positions you took .

4) No margin required for buying Options. You have to full premium for buying premium.

Ok so continuing from point 4 above,

Say I buy an ITM put option for 30000 and the total capital I had at the time was just 50000.

now somewhere during the day I decide to write a put option of different strike just in case something goes wrong. So now what's the margin requirement?

 

[cybersurfer]

Ok so continuing from point 4 above,

Say I buy an ITM put option for 30000 and the total capital I had at the time was just 50000.

now somewhere during the day I decide to write a put option of different strike just in case something goes wrong. So now what's the margin requirement?

Full margin will be required while placing the order, once executed and your position is hedged, you get the margin benefit.

Ps: This needs to be validated by finvasia.

 

[mevaibhav]

is Finvasia Still Brokerage free ?

 

[Finvasia]

Ok so in case I sell the shares first (before transferring to you) for example sell shares on nest terminal at 10 am and can I transfer the shares before 3.30 pm from CDSL easiest to your collateral ? Because settlement is T+2 I believe shares will be transferred within 24 hours but you delivery of my sale will be T+2 days so all will be good correct?
Next question - You said I need to provide settlement no.? U mean if I sell first I need to check tradebook in nest and find settlement no. for the sale and provide to you? but how via email ?

Since you are busy on phone and chat ..why don't you share info here...You said I will need settlement no. but how do I find it? I believe I can find it trade-book and once I find settlement no. how do I use it on CDSL easiest when I transfer so you for which settlement I am transferring?

Hi @curiousv! Kindly inbox us your client code, one of our representatives will reach out to you and explain. Thanks

 

[Finvasia]

Dear Finvasia,

This is with regards to the new margin policy of NSE.

Suppose I want to write TITAN 950 PE expiring June 2020 (TITAN25JUN 950PE).

I want to take a spread but not at once. Say I enter the short put position at 9.30am.

But I do not take any other position till say 2 pm or even 3pm. However, before the end of the day on which I took the position itself, I then go ahead and buy a put say TITAN 25JUN 1000PE so at to protect both sides, or, I write 1120PE instead of buying the put. Now, how would my position look?

1) since I am naked writing at the begining of the day, does this mean that I will have to have the entire margin of around 2 lakhs?

2) since I haven't entered the spread at once, will it be counted as a spread once I take the opposite position later on during the day?

3) What happens to the margin requirement if I close out a position the next day? one of the sides? What happens if I then re-enter a spread again at the end of the day, meaning I trade the day naked and hedge overnight?

4) What about margins in case of buying options naked? I have seen on other brokers updated calculators that the margin is 0. How is that possible?

Hi @icytrader!

1. Yes, full margin is required.
   
   
2. If you take an opposite position it will be called as spread or hedge.
   
   
3. If you open the hedge and margin is short, you will be asked for margin requirement. If not fulfilled, position will be squared off in case it is naked. Client can open the hedge and can take overnight again with hedge.
   
   
4. In case of buying, you will need to pay full premium.

 

[Finvasia]

is Finvasia Still Brokerage free ?

Yes @mevaibhav, our brokerage is zero across all segments. Regards

 

[curiousv]

Hi @curiousv! Kindly inbox us your client code, one of our representatives will reach out to you and explain. Thanks

Can you please explain here ...I don't like to talk on phone.

 

[icytrader]

Hi @icytrader!

1. Yes, full margin is required.
   
   
2. If you take an opposite position it will be called as spread or hedge.
   
   
3. If you open the hedge and margin is short, you will be asked for margin requirement. If not fulfilled, position will be squared off in case it is naked. Client can open the hedge and can take overnight again with hedge.
   
   
4. In case of buying, you will need to pay full premium.

So to confirm, once a position is a spread or hedge, I will only be required to maintain the margin benefit as per the new norms right? of course also maintain some more to avoid a margin call as well.

 

[brokenbull]

is Finvasia Still Brokerage free ?

I have an active account with Zerodha since end march2020 with a bigger balance. since I trade only intraday equity ,I opened with Finvasia last month with only 150000 capital. They are indeed commission free. Iam basically trading with Finvasia android app (desttop NEST is good) .I view the Trading view charts & trade . my laptop crashes if I run Zerodha kite+ Nest+Trading view even in different browser. Iam planning to pull some money out of zerodha & increase trading balance in finvasia. You can not depend on charts from finvasia.keep the other broker with good chart but trade more in finvasia.

 

[brokenbull]

Hi @S.TRADER, kindly inbox us your client code so that we can look into it and get back to you. Thanks

Well surprise for me also!
I recently opened account a month back & all is going well. But i did not enable commodity while opening account. Today I signed in prism , enabled MCX & uploaded bank statement,crossed cheque,epan,ITR etc.& created a ticket. While doing so, My Balance was showing as zero in my profile ! Infact Iam planning to pull some more money out of zerodha & add to my account in finvasia. Iam trading only via Finsaia scalpert Android app (it is showing the exact account balance during market hours.
overall as intraday trader I am beginning to like Finvasia. hope i make money in the coming days.