Difference between Marigin and Marigin PLUS order

[kota_manoj]

Hi All,

I am new user in this forum. I do trading through ICICI Direct.

Can any one please explain about the Marigin and Marigin Plus orders and the differences

Thanks in advance
Manoj

 

[Sunny1]

IN ICICI , MARGIN MEANS YOU LOSE
MARGIN PLUS MEANS YOU LOSE MORE

JUST KIDDING

MARGIN MEANS YOU WILL GET EX-POSER OF 5 TIMES AND SOME AMOUNT WILL BLOCKED AS MARGIN.

MARGIN PLUS, IN THIS ONLY DIFFERENCE BETWEEN STOP LOSS AND ENTRY PRICE WILL BE BLOCKED AS MARGIN THUS GIVING YOU EX-POSER OF 20 TIMES.

 

[AW10]

I think, (i might be wrong so plz cross chk) Margin Plus trades are closed by end of the day.. i.e. if u don't close them then ICICIdirect's system will close them and book profit/loss for you.

Margin trades will be carried for until u close the trade or ICICI has to close it to recover the margin .

Happy Trading

 

[Sunny1]

i think, (i might be wrong so plz cross chk) margin plus trades are closed by end of the day.. I.e. If u don't close them then icicidirect's system will close them and book profit/loss for you.

Margin trades will be carried for until u close the trade or icici has to close it to recover the margin .

Happy trading

icici recently introduced client mode and broker mose option in margin.
In client mode we can carry for next day. In broker mode it will
auto square off after 3pm.

 

[Tusker]

Margin Plus is best explained in this link of icicidirect.
http://content.icicidirect.com/MarginPLUS.htm
Hope this helps.

 

[Tusker]

This link better explains how to trade in icicidirect with screenshots. Hope this helps.

http://content.icicidirect.com/mailimages/indexpage.html

Thanks,
T:thumb: