Hi Guys,
This is just an information for those who are not aware that, Now even
"ACHIIEVERS EQUITIES" has joined the list of discount brokers charging both
" SPAN + EXPOSURE Margin " for Futures Position and Options Writing.
The One and Only Broker who is still offering the "Span Margin" alone for carry forward of Futures position and Options Writing is "Astha Trade" .
I accept the fact that the brokerage is Rs 10/lot in Astha Trade, Transaction Charges is 510 Rs/Crore inclusive of Service Tax for Futures, 9000 Rs/Crore
inclusive of Service Tax for options,but with the amount saved on payment of
lesser margin,one can make pretty decent return which is sufficient enough
to cover the extra cost and take home some extra profit.
I hope traders who are concerned on return on investment (ROI) will agree with me.
The reason why am saying this here is because, I jumped from Astha to Achiievers for their 750 MVP along with Span Margin alone for F&O Carry over.
But before making my first trade, came to know that their policies have changed , I was pretty much disappointed.
So its just an awareness message, those who wish to switch over to Achiievers for savings in both " Brokerage and Margin", please understand you have to pay both "SPAN+Exposure Margin".
"Lower the margins, higher the returns". So traders, you decide for yourself. :thumb:
This is just an information for those who are not aware that, Now even
"ACHIIEVERS EQUITIES" has joined the list of discount brokers charging both
" SPAN + EXPOSURE Margin " for Futures Position and Options Writing.
The One and Only Broker who is still offering the "Span Margin" alone for carry forward of Futures position and Options Writing is "Astha Trade" .
I accept the fact that the brokerage is Rs 10/lot in Astha Trade, Transaction Charges is 510 Rs/Crore inclusive of Service Tax for Futures, 9000 Rs/Crore
inclusive of Service Tax for options,but with the amount saved on payment of
lesser margin,one can make pretty decent return which is sufficient enough
to cover the extra cost and take home some extra profit.
I hope traders who are concerned on return on investment (ROI) will agree with me.
The reason why am saying this here is because, I jumped from Astha to Achiievers for their 750 MVP along with Span Margin alone for F&O Carry over.
But before making my first trade, came to know that their policies have changed , I was pretty much disappointed.
So its just an awareness message, those who wish to switch over to Achiievers for savings in both " Brokerage and Margin", please understand you have to pay both "SPAN+Exposure Margin".
"Lower the margins, higher the returns". So traders, you decide for yourself. :thumb: