Achiievers Equities

[Trade2Learn]

Yup...I am getting to buy 1 lot Nifty in carry forward mode with around 21k margin. Achiievers is taking only the 7% span margin unlike other brokers who takes 10% or even more !

Have checked their website and called up the customer care. They have clarified that they are charging only 7% of the turnover. In the margin file uploaded by them in their website, they have shown the conventional margin requirement with additional 3% margin.

SO cheers....:clap:

R achievers locking span margin for nifty only or for all the stock futures also, coz it makes a lot of difference if only span margin is locked for carry forward positions??

 

[optionwriter]

now achievers changed their brokerage plan 500/m to 750/m?

 

[Trade_Like_A_Tiger]

R achievers locking span margin for nifty only or for all the stock futures also, coz it makes a lot of difference if only span margin is locked for carry forward positions??

Yes...have checked and confirmed. For all future segments, they are charging only the span margin.

This is too good for the traders....

 

[Punter786]

Dear Achievers,

It would be very helpful if you could put brokerage and margin calculator (like this http://zerodha.com/margin-calculator/Equity/ ) on your website. It will also show you are transparent in dealing.

Thanks

 

[achiievers]

Dear Achievers,

It would be very helpful if you could put brokerage and margin calculator (like this http://zerodha.com/margin-calculator/Equity/ ) on your website. It will also show you are transparent in dealing.

Thanks

We are in a process of incorporating the same in our website. You will be able to get it very soon.

Happy Trading

 

[Trade_Like_A_Tiger]

which is 0 brokerage plan from good reputed company?
:rofl:

Would suggest Achiievers...good rms,exposure & service...:thumb:

 

[Punter786]

We are in a process of incorporating the same in our website. You will be able to get it very soon.

Happy Trading

Thanks for the reply. A few questions on CO et al.

1) Can you tell about the leverage provided by you...and for which segments you give it?

2) What is the trigger range of your Nifty futures CO?

3) What is your RMS squaring off time for COs?

4) Bracket order these days has become a must...is there any plan to introduce it on your platform?

Thanks

 

[achiievers]

Thanks for the reply. A few questions on CO et al.

1) Can you tell about the leverage provided by you...and for which segments you give it?would request you to click following url for details http://achiieversequitiesltd.com/Upload/Download/Risk Management Policy.pdf

2) What is the trigger range of your Nifty futures CO? 3%

3) What is your RMS squaring off time for COs? 3:15 p.m.

4) Bracket order these days has become a must...is there any plan to introduce it on your platform?we have requested NOW to add the features in our Trading Terminals and waiting for there response. Hope we will be able to provide the same at the earliest.

Thanks

Happy Trading!!!

 

[looser89]

ACHIIEVERS please improve your customers service. your customers service is very bad. inform your client about there plan subscription expiry on their contact number and also information on nse and mcx holidays. you people forget client after taking 3. months advanced brokerage

 

[TraderRavi]

For Cover Order trades, the SL automatically taken by the software is at 5%. So the required margin blocked in Cover Order facility is 5%.

Example 3: Nifty futures trading at 6060 with market lot 50 and margin required 7% in NRML and 5% in Cover order. So, margin required would be 21,210/- in NRML and 15,150/- in CO.

In case of MIS trades, the margin required is just half the margin required in NRML mode. But the margin required in CO is as per above calculation. It has been identified that only in Nifty futures, it is better for the trader to execute positions in MIS mode rather than in CO mode as the margin required is less in MIS compared to CO. This is an exception and the NOW is working on the same. For all other scripts, CO is better than MIS in terms of margin requirement.

Please note in case of MIS only Span Margin is calculated and block for trading, but in case of CO (Cover Order) trade in future segment NOW Surveillance systems calculate SPAN+ Exposure Margin for execution.

Hope this helps.

For any further clarification, please feel free to get back.

2) What is the trigger range of your Nifty futures CO? 3%

3) What is your RMS squaring off time for COs? 3:15 p.m.

3% SL range in CO means , Nifty future margin is around 9k now ? earlier SL range was 5%.