Discount Broker with SPAN Margin ALONE for Futures Carry Forward ?

[ram2010]

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 ?

20,000 is enough with

1.Achiievers
2. Astha trade

for Carry forward.

 

[tradedatrend]

Those who are recommending Achievers for ONLY Span margin based carry-forward Trade, just read it

Here are two possibilities

1. Either Poster on Behalf of Achiever is plain stupid, and dont know basics, OR
2. People recommending Achievers are NOT a client of Achievers, they are suggesting it on the basis of some rumor heard

http://www.traderji.com/brokers-trading-platforms/74228-achiievers-equities-107.html

@tradedatrend,

We already acknowledged that we used wrong terminology.As exchange takes SPAN + Exposure margin from every Trading Members,we also take the same from our clients.which comes to 7.10% approx(SPAN+EXPOSURE MARGIN) on order value(As per Client Level Margin File of Trading Members:MG-13 )beyond that they impose penalty on shortfall as per SEBI.

Many Trading menber takes additional margin another 2% apart from SPAN+EXPOSURE margin.Currenly we take Rs14500 approx for 1 lot nifty future for Carry forward trade where some other Trading members takes upto Rs20000-21000 for the same.We also provide 3 times exposure for intraday trade without SL which very minimum compare to other Brokers.

Request you kindly clarify from other Trading members as well as exchange also.







Thanks for rectifying...will wait for your reply.........

Happy Trading !!!

If ANY OF YOU are a client of Achievers, and could clarify it, it would be great!

 

[tradedatrend]

Surprising, all those who were vouching for Achiever's SPAN ONLU, have disappeared now!