Why do brokers show MTM on a daily basis and not the actual?

[newtrader101]

That is, if I bought a normal (delivery) position and it is running in loss a few days later, the broker shows the profit/loss based on yesterday's closing price.

So if my original buying price is 1000, yesterdays close is 700, and today's CMP is 750, it'd look like this:

MTM: CMP - yesterday's close = 750 - 700 = +50 (profit) (What your trading ac will show)

While in reality my position is in loss
= CMP - Original buying price = 750 - 1000 = -250
!!!

 

[gregferns]

That is, if I bought a normal (delivery) position and it is running in loss a few days later, the broker shows the profit/loss based on yesterday's closing price.

So if my original buying price is 1000, yesterdays close is 700, and today's CMP is 750, it'd look like this:

MTM: CMP - yesterday's close = 750 - 700 = +50 (profit) (What your trading ac will show)

While in reality my position is in loss
= CMP - Original buying price = 750 - 1000 = -250
!!!

i face this in Fyers.. They say nothing can be done.

In Zerodha it shows original price as 1000 and net profit or loss is shown but MTM doesnt get squared off daily if i hold the position for more than a day...