Hi all,
I am not concerned much about the interest rate. The most important things for me are leverage and coverage of equity scrips. Which brokers have the highest leverage in MTF with good, reasonable coverage of equity scrips? The best I have found is on Angel One (5x). But they have currently disabled it due to expected volatility I guess. Any other broker?
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Angel have a bit complex system. You can’t take MTF trades with cash. You need to pledge your existing holdings. Also, when you sell something out of delivery, mtf trades will get converted to delivery.(FIFO). Making it complex to use. Imagine margin call everyday even if you have not utilized the pledged margins ( as there is no cash ) .
Correct me If i am wrong in understanding their system in any way.
I haven’t used any MTF system yet, so can’t comment. But would really appreciate if other community members could comment on this, as this seems really unconventional.
Have already used the angel account for sometime. Not so easy to handle even for swing trades. Had discussed with their executive for clarifications in past. They are basically managing risk, but this makes the system quite complex to manage for a retail trader.
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