Brokers with best leverage under MTF?

okay… Then have to look into. I really feel when your holdings are in loss they steadily cut back the MTF pledgeed margin for that so you’d required to offer further margin for that.

I desire like this

MSTOCK (since 0 brokerage and fewer MTF price) , not a flowery app however doesnt matter if you’re a brief to long run dealer.
Ruppezy ( now they’ve elevated charges to 11% earlier it was 9 % additionally the brokerage is hgh .20% of complete supply ) therefore thought of to be littly pricey however solely factor is tha it cowl many shares the place different brkers present the margin additionally margin could be significantly greater)
Kotak stands out to be one ( with 9.75% and likewise having .1% brokerage which is large however total its okay and good factor is 0brokerage on intraday.so total MSTOCK is stellar one for now.

please add your feedback

For Ruppezy – When this incident happend none of my holdings had been in losses.Additionally, they had been charging curiosity from the date of commerce until the date you obtain settelment. so for ex -if you took a place on 1 April and sq. it off on 15 April for which you obtain the settelment on 18 April attributable to holidays, they are going to cost you curiosity from 1 April to 17 April regardless of of squaring off the place on 15 April. Additional for the settelment interval i.e. 15 April to 17 April, the curiosity might be charged on the total quantity of safety i.e. they are going to ignore the truth that the place was partially funded by you.

Since my place was large I used to be getting a big improve within the curiosity value due to the above methodology. I had an argument on the methodology with buyer government, however nothing labored. So lastly I closed the account. In brief, their rate of interest shouldn’t be 11% however considerably greater than that due to their methodology to compute margin and curiosity .

Mstock – They comply with the T+1 settelment rule i…e. the curiosity will begin from the subsequent day of your commerce. Additionally, their rate of interest is greatest as in comparison with others, although there are some hickups on the platform however i’m experiencing that they’re enhancing on it continously. Additionally, I believe the motive in inventory investments is to maximise earnings and to not evaluate options among the many platforms, you possibly can anyhow open an account with any brokerage agency with higher platform and make the most of their instruments to do your analysis, at a really minimal or no value.

Kotak – MTF is principally for swing merchants, so it would give max revenue when their is not any % based mostly brokerage. Kotak ROI is low however attributable to brokerage it wont give revenue equal to positions created by means of Mstock. Mstock knew it very nicely they usually hit the nail.

I’ve used MTF Facility in hdfcsky and dhan

Dhan app : Finest, no cling, no glitchMtf prices : 0.0438% per dayTransparency in prices : Not clear…Unsuitable adjustments: Uncertain…Disadvantages. : NoneAdvantage: dp, pledge unpledge prices are lowest, 12.5 rupees…

Hdfcsky app : worst app…cling…glitchesMtf prices : 12% paTransparency in prices : Not Clear…Unsuitable adjustments: Sure, brazenly…untrusted…Disadvantages: manyAdvantage: None

Angel app : Finest, no cling, no glitchMtf prices : 18% paTransparency in prices : sure…Unsuitable adjustments: No…Disadvantages : in case you have shares in mtf there’s likelihood that angel will convert it to supply with out informing you, in case you have fund in Account…Benefit: common

Sure, nearly all Brokers are dishonest MTF clients…Possibly they are going to cheat until zerodha begins MTF…

Preserve your personal document on excel if you’re utilizing hdfcsky or kotak…

Can somebody utilizing Angel One MTF assist with questions raised @ Swing Merchants Ache for MTF (Margin Buying and selling Facility) E-Margin – #145 by Irrational_Mind? I’m considering of opening an account with Angel One given the delays for Zerodha MTF launch. Don’t even know the how the product might be structured.Listed here are these questions for ease.

Does angel MTF works nearly like a margin account ([Margin Account: Definition, How It Works, and Example (investopedia.com) ] since curiosity is charged on the portfolio degree? (Margin Account: Definition, How It Works, and Instance))? If sure, that’s an ideal flexibility.
Can we additionally transfer cash in-out freely so long as MTF necessities are glad? e.g.

1 L in account – place taken for 1.5L and I need to deposit 50k to keep away from paying any curiosity.

1 L in account – place taken for 1L and I need to withdraw 50k for emergency expense and keen to pay curiosity on 50k.

I can reply few issues right here :

They dont enable MTF place when u have money. Means u need to exhaust all you capital earlier than u purchase something on MTF. Notice : If in case you have money, you possibly can nonetheless purchase on MTF , however even whether it is pledged they are going to convert it supply in case you have money the subsequent day.
They supply margin on 1000+ shares and its not like 2x margin offered by Dhan or Upstox. It’s 5x,4x,3x relying on the varied components associated to that inventory.
Shall we say u have positions in mtf( after exhausting all capital in supply and using the pledged margin). U promote one of many supply shares. So now u have money in your margin account( or pockets). Subsequent day as per FIFO sequence, considered one of your MTF shares will get transformed to supply.Max holding : 90 days solely.

Technically, as u don’t have any money, u cant withdraw something when on MTF.

That is good or unhealthy , it will depend on your buying and selling type. Why ought to somebody purchase on margin, if they’ve money to purchase( That is what angelon explains ). However it ought to be made versatile and choices ought to be given to the client to decide on margin in opposition to money versus pledged safety for margin buying and selling.

Dhan, HDFC & ICICI have that flexibility for each.Upstox used to permit margin in opposition to money solely (Not conscious whether it is identical now additionally).

Glad Buying and selling

Sure like @sn88 mentioned angelone shouldn’t be good for MTF ,even i dont know why they’re calling its MTF on your clear understanding on angelone in case you have money steadiness of 10000.Wish to commerce maruti (LTP was 12500) as it’s 5x so upfront margin of two.7k might be lowered after pledged on night nonetheless your steadiness exhibits 7.3k however on subsequent day you money steadiness will go on destructive for -2.5k so you possibly can’t withdraw by the way in which their customer support saying can’t if there’s an open MTF place steadiness quantity quite than upfront margin will get blocked what ever in your account in case your account above 12.5 then you possibly can take one other place or withdraw quantity

What the particular factor is that they block all of the margin and cost you the curiosity for 9.8k

Why I’m particularly talked about maruti is identical inventory identical factor occur for checking angelone MTF

I moved from icici attributable to excessive brokerage,however nonetheless icici has extra flexibility than some other MTF offering brokers the one concern is their big brokerage and pursuits cost.

And lately know that kotak can be identical type of angelone is any kotak consumer kindy give your MTF expertise might be a lot considerable.

What the particular factor is that they block all of the margin and cost you the curiosity for 9.8k

That’s bizarre. Dealer ought to both will let you use the remaining 7.3k (safety degree MTF) for different positions or cost curiosity on 2.5k solely (portfolio degree MTF). How is that this justified?

I believe ICICI is method higher when it comes to MTF besides brokerages