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?
2 Likes
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.
1 Like
I switched my mtf trading to HDFC Sky as it is viable option with fixed brokerage of 20. Kotak securities is also good but they charge 0.25% brokerage on buy and sell side so a bit expensive.
Dhan used to be great but currently they have suspended MTF so no point. Mstock is great but the problem is unstable app and website which bothers me.
2 Likes
Any API traders that trade MTF? I found Flattrade to be the best overall for MTF, but their API doesn’t offer MTF!
Im using kotak securities from 2 weeks it’s good gives coverage of 1000 stocks …& You can take mtf plan at 249 …available at 18-20 rs per day mtf or normal plan at 47 rs per day interest…another option is rupeezy which gives on 1000 stocks at 15 rs approx per day …rupeezy is also good