ProStocks - Unlimited Trading Plan and Flat Fee Plan

marimuthu13

Well-Known Member
#32
Even sbin, indusindbank and infosys all big stable shares they have movd to 2x - 1 x bracket. Their logic is strange and hence not suitable for intraday stocks. Their services were good otherwise and would go to them for index futures.
But strange is that they have more than 400 shares in A group with 10X leverages
 

lemondew

Well-Known Member
#33
The problem I faced is when I was tracking a share and it comes for a trade on that day they might move the share from a group to e group.

We cant trade the shares which they give leverage on a particular day. You can trade such a setup only if the shares which they provide leverage guarantees you a profit :). The shares which you think might give you a profit should have leverage in them.

But strange is that they have more than 400 shares in A group with 10X leverages
 
#34
People trading with high leverage don't necessarily take just one trade a day. Majority of these people are active traders and they take multiple trades in a day. So if a broker is putting aside 3 lakhs ( for 4 lots, with client providing 1 lakh as margin ) and give 4 times leverage i.e allowing the client to do an intraday Nity options selling trade for 25000, his average earning from that client would be at least Rs.300/- per day. ( considering 10 buy and 10 sell orders at Rs.15/- per order ) . Therefore, brokers ROI would be 0.1 % per day which translates to 2.2 % per month, considering 22 trading days. Annualized it would be close to 26% +... So even if the broker is sourcing the fund @ 14-15 % p.a , he would still make a cool 10-11% net return on his capital with very very low risk , if he has good RMS systems in place.

Any business in this world runs on leverage and anyone who thinks otherwise need to have a re-look at his business acumen.
We never done such calculation. Principally we are against using one client's funds for exposure to other client. Now all this is irrelevant as Intra-day leverage would not be permitted in FNO. In fact this was never permitted.
 
#36
The problem with finvasia is their inconsistencies in providing leverage to stocks...... they suddenly move good stocks to d groups and provide 1 x margin for intraday. They are good for futures. ....

Prostock,

Do they provide nest trader and consistently 7- 10 x for all fno stocks?

Please understand per Regulation any leverage in FNO is not permitted. Soon penalty will be levied.
 
#38
trading in cash for fno stocks am talking about...
Upfront Collection of Margin ( which is Var Plus ELM ), to the extent mentioned on NSE website at given link NSE Var Margin File for CM Segment is minimum required to be collected for CM Segment from 1st January, 2020. Stock Broker is required to report margin collection for CM segment also from 1st Jan 2020. There will be penalty on client from 1st April,2020. Between 1st Jan2020 to 31st March 2020, Stock Broker is given time to become full compliant. Hence from 1st Jan 2020 , all Stock Broker are required to collect minimum margin even for Intra-Day Trade given the above link of NSE.
 

lemondew

Well-Known Member
#39
1. When you give 1 x on sbi means you dont collect margin but full amount for intraday same like delivery. Kindly understand.
2.your post suggests you are also likely to do the same.
3. Unless someone provides superb api or some exceptional auto ordering facility or superior margin its difficult to beat finvasia with costs. Their services are good for a full time trader

Upfront Collection of Margin ( which is Var Plus ELM ), to the extent mentioned on NSE website at given link NSE Var Margin File for CM Segment is minimum required to be collected for CM Segment from 1st January, 2020. Stock Broker is required to report margin collection for CM segment also from 1st Jan 2020. There will be penalty on client from 1st April,2020. Between 1st Jan2020 to 31st March 2020, Stock Broker is given time to become full compliant. Hence from 1st Jan 2020 , all Stock Broker are required to collect minimum margin even for Intra-Day Trade given the above link of NSE.
 

hitesh05

Well-Known Member
#40
Upfront Collection of Margin ( which is Var Plus ELM ), to the extent mentioned on NSE website at given link NSE Var Margin File for CM Segment is minimum required to be collected for CM Segment from 1st January, 2020. Stock Broker is required to report margin collection for CM segment also from 1st Jan 2020. There will be penalty on client from 1st April,2020. Between 1st Jan2020 to 31st March 2020, Stock Broker is given time to become full compliant. Hence from 1st Jan 2020 , all Stock Broker are required to collect minimum margin even for Intra-Day Trade given the above link of NSE.
VAR plus ELM is approximately 8X margin for intraday