Discount Broker with SPAN Margin ALONE for Futures Carry Forward ?

[leoharee]

Hello Traders,

I would like to know the Discount Brokers who charge only SPAN Margin
for carry forward of futures position.

As far as my knowledge, I have heard only 2 of them.
They are 1. Achiievers Equities Ltd.
2. Astha Trade.

Could you please let me and everyone else know,who are the other discount brokers in the same category who charge only SPAN Margin ALONE.

The reason why am asking is, at the end of the day Return on Investment
matters alot, rather than the brokerage.

So I wish to choose the best one with with Span Margin as the basic critera
followed by brokerage and transaction charges in evaluating a Broker.

Of course, safety of Funds also do matter here

I wish let this be a healthy conversation to create awareness for the fellow traders in choosing the right broker.:thumb:

 

[ram2010]

Hello Traders,

I would like to know the Discount Brokers who charge only SPAN Margin
for carry forward of futures position.

As far as my knowledge, I have heard only 2 of them.
They are 1. Achiievers Equities Ltd.
2. Astha Trade.

Could you please let me and everyone else know,who are the other discount brokers in the same category who charge only SPAN Margin ALONE.

The reason why am asking is, at the end of the day Return on Investment
matters alot, rather than the brokerage.

So I wish to choose the best one with with Span Margin as the basic critera
followed by brokerage and transaction charges in evaluating a Broker.

Of course, safety of Funds also do matter here

I wish let this be a healthy conversation to create awareness for the fellow traders in choosing the right broker.:thumb:

At present there were only 2 discount brokers as you mentioned above.

Both of them donot have any issues till today.

achiievers is much cheaper than astha.

Regarding safety, keep the actual amount required for your portfolio and keep the rest in your bank account,

I have said this multiple times.

 

[pakatil]

I am surprised that some one is allowing Carrying Futs without stipulated Margins.

AFAIK it can attract Penalty from NSE.

Cheers

 

[ram2010]

I am surprised that some one is allowing Carrying Futs without stipulated Margins.

AFAIK it can attract Penalty from NSE.

Cheers

Don't worry. nothing will happen.

People say single ledger is illegal.

I can show you list of brokers who provides single ledger.

Alice blue allows its customers to take nifty fut for 2000 rs.

When a crash happens, alice blue will be the first one to go burst.:lol:

 

[fasttrader1]

hey
been trading with Astha Trade for about a month now. they are charging span margin only for carry forward which is lesser than others because they are using T+0 settlement , for eg. in NIFTY it is only 19750 for carry forward. A major plus for me is that you dont need to deposit cash, stocks work just fine.

Hope that helps

 

[leoharee]

@ RAM2010 and Fasttrader1

Hi,
Right now am in Astha Trade. Planning to open an account in
Achiievers too since I find it cheaper than Astha

My general question is regarding Safety of Funds. Sorry for being
pessimistic.

I know NSE is there to safeguard Us, but still in what way can it
protect the account holders funds with regard to all Discount Brokers in
general ?

 

[tradedatrend]

unfortunately both of these companies seems lacking transparency about statutory charges/tax

 

[ram2010]

unfortunately both of these companies seems lacking transparency about statutory charges/tax

Both of them have brokerage calculator and links for other charges.

you can still mail them . they will give you the details.

 

[ram2010]

@ RAM2010 and Fasttrader1

Hi,
Right now am in Astha Trade. Planning to open an account in
Achiievers too since I find it cheaper than Astha

My general question is regarding Safety of Funds. Sorry for being
pessimistic.

I know NSE is there to safeguard Us, but still in what way can it
protect the account holders funds with regard to all Discount Brokers in
general ?

Its discount brokers or traditional brokers, either nse or sebi can't monitor or stop them of going burst.

They provides 15 lakh insurance for a retail trading account.

My capital is only 10000 rs + 1000 for discount broker(monthly). No stress, -

 

[rishikesh_m]

Is there any regular broker who offers only SPAN margin ?

Reliance Nifty one lot margin is 25,000 from what I have heard.

Any discount broker offering this kind of margin ?