Hi
@Raj232, According to me, the execution matters more than the charges. Also, we have many features which other trading platforms may not have and I don't want to get into that in my post. Instead, I will explain how this Bracket Orders
(B0) functionality works so you will this understand this in greater detail.
Example:
- You place a limit buy order for 3 lots of Nifty Futures at 10500. You place a Stop Loss at 10350 and Target at 10600.
- Until the first leg of the order is executed (Partially or fully), the Stop Loss and Target orders are stored on our servers before they are sent to the exchange.
- Your order gets partially executed (1 lot).
- Now, your Stop Loss and Target orders are placed on the exchange order book as 2 separate orders (1 lot each).
- Suppose, the price comes back to 10500 and the other pending lots also get executed at the limit buy price.
- Now, the same pending Stop Loss and Target orders are placed on the exchange order book as 2 separate orders (2 lots each).
It is a more sophisticated than cover orders and hence due to the above-mentioned mechanism, the brokerage tends to be more if the trade gets executed in parts. It is not possible to combine all of the above orders into 1 single order.
Hope this clarifies.
