Re: Achiievers Equities Ltd
Yes this is true.
Also it is true that every other broker out there does NOT have this limitation. It cannot be possible that your RMS team found some deep secret which increases the risks based on higher per order limit. That is just nonsense and you are clearly hiding behind rules. All my other brokers (count all 6 of them) do not have this limitation. Your nearest competitor RKSV does not have this limitation.
Based on this I decided to stop trading with Achiievers. Basically it amounts to unlimited trading which is limited by per order limits. This limitation was not visible to me when I signed the contracts and paid 3 months advance subscription fees. Buyer beware.
Yes this is true.
Also it is true that every other broker out there does NOT have this limitation. It cannot be possible that your RMS team found some deep secret which increases the risks based on higher per order limit. That is just nonsense and you are clearly hiding behind rules. All my other brokers (count all 6 of them) do not have this limitation. Your nearest competitor RKSV does not have this limitation.
Based on this I decided to stop trading with Achiievers. Basically it amounts to unlimited trading which is limited by per order limits. This limitation was not visible to me when I signed the contracts and paid 3 months advance subscription fees. Buyer beware.
Hi
Request you to please go through the following post posted by our clients http://www.traderji.com/brokers-trading-platforms/74228-achiievers-equities-84.html#post952560
Would also suggest to go through our RMS policy http://www.achiieversequitiesltd.com/Upload/Download/Risk Management Policy.pdf
It clearly states that "As a policy we have specified a single sauda limit, which is maximum 100000 in quantity terms which can be placed for trade and a maximum of Rs 20 lacs in order value terms across all clients registered with Achiievers Equities Ltd
Beyond that on client request we can further increase single sauda limit subject to availability of the margin."
We have enclosed URL of circular issued by NSE and article enclosed which will clear your queries on per order limit.
Further RMS is significantly related to Per Order Limit and correlated.
Higher Risk is involve when any one places a single order of 100 or 200 lots rather than multiple orders. That is the reason exchange has implemented Per Order Limit forcibly on us.
Even software also takes time to indentify MTM or Extreme Loss position in case of single big order, which can expose us and our clients to out of pocket situation. In our case chances will be more as we are giving 2 to 3 times for Intraday limits or exposure.
http://www.nseindia.com/content/circulars/COMP21992.pdf
http://www.nseindia.com/content/circulars/COMP21991.pdf
http://www.nseindia.com/content/circulars/COMP21990.pdf
http://www.thehindubusinessline.com...ly-follow-conformity-norms/article4027915.ece
http://www.business-standard.com/ar...more-steps-in-derivatives-112102400127_1.html
Further I think you have sent a mail on the same to increase your limit to 40 lacs per order limit...and our Customer Care team have reverted the details and ask for final confirmation for increase of yours per order limit to 50 lacs (10 lacs more than what you have asked) but we haven’t received any confirmation but you have again requested to increase the same further.
Hope am clear and request to please reveal the actual conversation in the forum when you are raising any queries or else its confuses.
Hope am able to clarify the entire issue.
Happy Trading !!!
Request you to please go through the following post posted by our clients http://www.traderji.com/brokers-trading-platforms/74228-achiievers-equities-84.html#post952560
Would also suggest to go through our RMS policy http://www.achiieversequitiesltd.com/Upload/Download/Risk Management Policy.pdf
It clearly states that "As a policy we have specified a single sauda limit, which is maximum 100000 in quantity terms which can be placed for trade and a maximum of Rs 20 lacs in order value terms across all clients registered with Achiievers Equities Ltd
Beyond that on client request we can further increase single sauda limit subject to availability of the margin."
We have enclosed URL of circular issued by NSE and article enclosed which will clear your queries on per order limit.
Further RMS is significantly related to Per Order Limit and correlated.
Higher Risk is involve when any one places a single order of 100 or 200 lots rather than multiple orders. That is the reason exchange has implemented Per Order Limit forcibly on us.
Even software also takes time to indentify MTM or Extreme Loss position in case of single big order, which can expose us and our clients to out of pocket situation. In our case chances will be more as we are giving 2 to 3 times for Intraday limits or exposure.
http://www.nseindia.com/content/circulars/COMP21992.pdf
http://www.nseindia.com/content/circulars/COMP21991.pdf
http://www.nseindia.com/content/circulars/COMP21990.pdf
http://www.thehindubusinessline.com...ly-follow-conformity-norms/article4027915.ece
http://www.business-standard.com/ar...more-steps-in-derivatives-112102400127_1.html
Further I think you have sent a mail on the same to increase your limit to 40 lacs per order limit...and our Customer Care team have reverted the details and ask for final confirmation for increase of yours per order limit to 50 lacs (10 lacs more than what you have asked) but we haven’t received any confirmation but you have again requested to increase the same further.
Hope am clear and request to please reveal the actual conversation in the forum when you are raising any queries or else its confuses.
Hope am able to clarify the entire issue.
Happy Trading !!!