Choice Broking Margin/Exposure Limit for Intraday and Futures

 
 
 
 
 

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Choice Broking Margin/Exposure Limit for Intraday and Futures

Choice Equity Broking Private Limited is a Mumbai-based full-service stock broking firm and was incorporated in 2010. This is a subsidiary of a publicly listed financial service provider organisation named as Choice International Limited. It was formerly providing tis financial services since 1993.
Choice Broking offers its online trading and the premium financial service for the complete range of financial products such as Equity, Derivatives, Currency, Commodities, Mutual Funds, wealth management, Insurance and the Loan against share. It is a depository membership with the CDSL and NSDL. Choice Broking is a member of NSE, BSE, MCX, NCDEX, and ICEX. The Choice Broking avails their customers with several margin trading services to its customers. It allows the customers to allow the clients to purchase the shares by funding the smaller portion with its funds and use the broker funds for the remaining amount.

Choice Broking Margin Limit

Choice Broking is a full-service broker that offers margin exposure or leverage facility to its customer to trade as high has 20 times over the funds present in their account on the Equity Intraday trades. There is no exposure facility made available on the delivery trades, equity options (buying), currency and commodity options.
The broker also provides the margin trading facility wherein the investors can provide the leverage on the broker funds for their part and portion to their investment amount. It can be further carried forward to their positions beyond the seven days as per the MTF agreement with the broker.

Leverage on Choice Broking

The Choice Broking leverage policy provides an attractive leverage facility to its customers. The margin exposure facility allows the customers to trade several times over the same funds that are available in their account. It further increases the probability of earning more profits. The leverage is provided to the customers in various segments such as Equity Intraday, futures, options (Sell), Currency Futures and Commodity futures.
The exposure facility is provided on almost all the selected stocks. The extent limit of the stock depends on the category or the quality of securities. The stocks that has higher quality avails the customers with higher exposure limits. An individual can simply download the latest list of the approved scrips for their Intra-day exposure limits from the company’s website from the download section present at the footer of their web page.
The margin trading facility provides and enhance the purchasing power of the customers that further allows the customers to buy or sell by using a small portion of the funds from their balance and the remaining being funded from the broker. With this facility, the customer can carry forward to their delivery position beyond seven days. With the recent changes in the SEBI rules for MTF trading, the customer can avail the margin by using the shares with their demat account along with their cash.
The company further updates the list of various margin files of Choice Broking margin files for F&O and currency stocks with per lot margin details on the website and in the download section instead of the real-time Choice Broking Margin calculator.

Segment Margin Limit

Segment

Trading Margin

Equity Delivery

1x (100% of trade value)

Equity Intraday

5x (Up to 20% of trade value)

Equity F&O

1x (100% of NRML margin (Span + Exposure))

Currency F&O

1x (100% of NRML margin (Span + Exposure))

Commodity F&O

1x (100% of NRML margin (Span + Exposure))

 

Features of Choice Broking Margin/Leverage Facility

1. The Choice Broking future margin is up to 5 times for Equity and commodity futures and is up to 3 times for currency futures.
2. The Choice Broking Intraday margin is allowed up to 20 times for the selected stocks.
3. With the MTF facility, the delivery positions can be further carried forward beyond seven days.
4. The stocks that are lying in the demat accounts can be further used to make it to avail the margin.
5. The auto-square off time for Intraday trades is at 3:15 PM.
6. There is no leverage provided for the Equity Delivery, Currency Options and commodity options.


Frequently Asked Questions


No, an individual cannot buy mutual funds by using the Choice Broking mobile application. The company offers a separate trading platform Investica for mutual funds investments. Investica can be easily accessed from the mobile phones or computers through the web browser or mobile app supported on Android and iOS devices.
The Choice Broking charge 0.02% for currency futures trading and Rs.20 per lot for currency in options trading.
The Choice Broking Jiffy application supports the Android and iOS platforms. This mobile application can be further accessed on an Android Smartphone or iPhone but it is not compatible with laptops.
Choice Broking Charge 0.02% for equity, currency and commodity.
NFO (New Fund Offer) is a subscription offer for a new fund launched by the asset management company or mutual fund house to raise the capital. Choice Broking offers its investors the facility to apply for the NFO services through Investica.
Choice Broking auto square- off all the open intraday positions at 3:15 PM.
Yes, Choice Broking stock broker provides its customer to offer the trade and depository services. The company focus and provide the research-based tips and recommendations.
Choice Broking Jiffy is a very secured and trusted application that has a secure retrieval and data storage by using the modern encryption technique (256- bit SSL encryption).
Choice Broking charges 0.20% for equity delivery trade. These trades are known as cash & carry trades.
Choice Broking avails its customers with Investica as a trading platform.
Yes, Choice Broking trading software are safe and secure to use.
Yes, Choice Broking provides the margin funding facility to its customers.
Yes, Choice Broking offers online IPO applications to its customers. IPO offers an early opportunity to buy the shares of the companies that are not previously traded publicly.
Some Key features of Jiffy app are: • Quick Order placement. • Live Market Depth. • Best Stock Screener • Easy Navigation. • Insightful Research Reports. • Live Market Data. • Customised Charts and Watchlists.
Choice Broking will charge ₹0 annual maintenance charge for trading account and ₹200 for demat account.
Yes, the customer can buy or sell mutual funds if they already hold an account with choice Broking.
Yes, Choice Broking allows its customers to enjoy the facility of margin trading to its customers. The investors can further enhance their buying or selling their power through the MTF Services that is provided by the broker. It is done to utilize the broker funds to a consider the extent to execute the transaction.
Yes, Choice Broking stock broker allows to place the BTST order to its customers. This order enables the customer to sell the stocks before an individual gets its delivery in the demat account.

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