Tradeplus unlimited trading at Rs 99 p.m

penalty charges and again penalty interest charges can you explain ?
i havent experiences with my earlier broker

i think we cannot carry MTM amount to trade on same day? and take postion for next day?
Hi osho343,
Penalty charges levied by exchange is explained in the article (click here) on our support site support.tradeplusonline.com

Penalty interest charge is the interest on margin shortfall amount charged by the broker at 24% p.a.

MTM amount cannot be used to trade on same day but can be used to take position on next day.
 
Hi osho343,
Penalty charges levied by exchange is explained in the article (click here) on our support site support.tradeplusonline.com

Penalty interest charge is the interest on margin shortfall amount charged by the broker at 24% p.a.

MTM amount cannot be used to trade on same day but can be used to take position on next day.
Is the percentage of interest levied the discretion of the broker or is it a mandate of the exchange or SEBI?
 
i had registered on their website for a call back a few days back. i am still waiting for the call. if this is the interest to get a new account. you can imaging how it will be after you become a client.
hi kharikumaar, looks like you had placed a request for call back on Saturday the 10th. Our account opening executive has had a call with you today and hope to see you open an account and join our tradeplus family soon !
 

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