Can you guys using ICICI Direct tell me how much margin is needed to trade 1 lot of Nifty Future on their platform?
Like in Zerodha it is around 1.6 lakh now. But I feel somewhere I had read that it is more in ICICI Direct. So just want to know from the guys using ICICI Direct.
Thanks a lot.
Icici direct has the same margin. This is exchange stipulated margin.
I think brokers have some leeway on deciding the margin required. Because Interactive Broker asks for more than 2 lakhs margin for trading 1 lot of Nifty Future and too in full cash.
So I just want to know directly from ICICI Direct users what exactly is the margin required in their platform.
Are you using ICICI Direct or just speaking from general knowledge.
Icici direct asks same margin in most cases when there is no issue with volatility. I don’t think there is any issue with the margin thing till now for me. I trade mostly in fno.
Now that this has started, I am also seriously considering opening account with ICICI Direct, since i am not comfortable with Zerodha’s kite/pi.
Can please help clearing the below queries
How many times, ICICI Direct provides exposure for intraday with out any stoploss?
Does it charge any thing extra for that exposure ?
can we pledge shares for fno intraday trading ?
No idea for that bro. I never trade with leverage with any broker.
You may contact them.
They have pretty different interface. I really felt odd for first few days but then I realised they made it since fno is for trading and not for gaming like what zerodha provides.
The best part about them is 3 in 1. I love this feature. You just have to exit the position then go to atm and withdraw thr cash which in turn is the worst part of zerodha.
Icici tech interface does look odd but, it is very much consistent and trustful than zerodha.
Theres 3 in 1 here also. Any disadvantage compared to icici?
Also,
Sebi is limiting leverage from August 2021 onwards, right? So our discovery becomes futile…
Zerodha’s 3 in 1 is just for name you can’t withdraw funds seamlessly here. They take almost 2 days to withdraw the funds. I don’t know the reason but, maybe some strategy to increase revenue so that people won’t prefer to take funds out and would trade more but I liked icici in this thing. I traded in fno today in the morning and squared off positions by 3:30 after which I reduced my allocated funds and got it back in 5 seconds in my bank account.
1 thing I would like to tell you people that for neo customers icici direct charges 0.025% interest per day for taking shares as margin which I didn’t like but, its good for those who trade with cash and would like to take the cash off the table by the end of the day.
Can I shift from prime to neo?
Also the brokerage in neo is much less than prime and I secure plan.
Yeah you can add neo onto your exustung plan.
Then cancel auto renewal of prime. It would work I guess.
Can any share user interface screenshot of icici direct.