Achiievers Equities

[manishchan]

Hi Achievers,

In your MVP plan, the website says unlimited trading but again it says 5 lots of buy and sell of futures. Is there any limit to number of lots or number or trades I can take in a day ?

 

[Takla]

Yes that's right, in currency it is approximately 1 lot = 85k when dealing with EUR and 62k in USD. So approx 22-23 lots for a 20 lac limit. In any case a very small per order limit to be imposed for ALL types of traders big and small. What will a 500-lot trader do when per order limit is 23 lots?

yes with GBP it is only 19-20 lots , it must be at least 100 lots per order.
achiivers please clarify , why this small limit ?

 

[cloudTrader]

For trading in Commodities which platform is being provided by Achiievers Ltd. ?

Regards.

 

[Takla]

For trading in Commodities which platform is being provided by Achiievers Ltd. ?

Regards.

for commodities ODIN.

 

[cloudTrader]

Hi Achievers,

In your MVP plan, the website says unlimited trading but again it says 5 lots of buy and sell of futures. Is there any limit to number of lots or number or trades I can take in a day ?

This is very typical of conditions apply kind of thing with Unlimited Plan. Putting limits but still calling it unlimited .

 

[Takla]

This is very typical of conditions apply kind of thing with Unlimited Plan. Putting limits but still calling it unlimited .

no conditions in FNO.

 

[cloudTrader]

no conditions in FNO.

Okay. So the member who has asked something about the limit on number of lots in futures is missing something . I think there is some confusion for him.

 

[Takla]

Okay. So the member who has asked something about the limit on number of lots in futures is missing something . I think there is some confusion for him.

condition is in currency segment only as discussed in posts above.

 

[manishchan]

no conditions in FNO.

Okay. So the member who has asked something about the limit on number of lots in futures is missing something . I think there is some confusion for him.

condition is in currency segment only as discussed in posts above.

This is what I'm talking about.. it does say f&o 5 buy and sell

 

[a1b1trader]

No Manish

IMO, this is only an example to show the difference between them and other brokers, in terms of brokerage. In the table they have assumed that normally a trader will trade 5 lot per day and so nothing more should be derived out of this.

I also looked into their website but didnt get anything to this effect. And the table clears from where you get the idea of 5 lots per day.

However, Achiievers should clarify the doubt of the member.