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?
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.
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.
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
Is Rupeezy (Astha) good? is anyone using it extensively?
Also, does anyone have any idea how brokers get so much of funds to offer MTF facilities?
Dhan’s MTF is very simple and easy to use. No hidden charges either. Earlier, they used to provide 4x margins, now reduced to 2x.
I thought to share this experience, I opened an account with Rupeezy last month and took some positions under MTF.
I observed that my margin utilization used for calculating the interest amount is at higher side., when I pointed this out to their customer support they failed to provide the appropriate explanation. I finally closed the account today.
So those who are using MTF in Rupeezy kindly do check your margin utilized amount for interest calculation.
I have been using MTF facility on Angel one and Mstocks, I personally prefer angel for most of my mtf entries:-
If high rate is not an issue. Angel one would be my first choice.
I’ve been using Angel One for a couple of months but started using MTF just few days ago but the problem is with the pledging of shares is because they make us use their MTF but doesn’t send the link to pledge the shares and the next morning your trading balance becomes negative as the stocks were not pledged the previous day due to their malicious trade practices hence when you contact the customer and inquire about the same they disconnect the call on the face with replying and after several attempts and waiting for hours together on call someone tells you to pay the amount for MTF as they have no clue what is wrong with the pledging of shares, Angel One is the biggest fraud trading platform I’ve come across ever!
Use Dhan, they remind you multiple times via email and app notification.
You are right if you have cash in acct they convert mtf to delivery is no mtf trading
Ther were hidden charges with almost all the giant brokers…when zerodha arrived these funny old brands surrendered…
Mtf is new concept now And almost all of these including hdfcsky are cheating customers…wait till zerodha offer mtf. And these cheaters will down shutters…
I faced exactly same problem with Angel One while testing MTF. I won’t recommend Angel One as they will convert your MTF to NRML if you have ample balance. I called customer care and the guy on other side of the line was acting as if I have done something wrong.
For everyone demanding MTF, I have a question. Before asking let me share my holding period. It is something which varies starting from one day to 6 weeks max(approx) . I scale up gradually if the trades are in my favour. By the time I reach to the level where my whole capital is almost exhausted, the group of stocks bought during initial buy give me exit signal( Either in profit or loss). Sometimes the market breadth cools off for weeks also.There is no fixed sequence or something similar. Just trying to explain the situation I face.
So my question to all MTF seekers : Do you enter to your MTF positions from initial buys or almost when you reach at the maximum utilization level of your capital. And what is the time period u plan to hold your MTF positions, is it same as Cash postions or u exit early.
I know everyone has a unique trading style. I have no questions on that. Just wanted to understand what Improvement I can do. As per my past analysis and trading style, MTF wont help in improving my ROI.
@nithin sir , If you can add your past experience/ insights on this topic, would be helpful
Thanks in advance
I would rather take a personal loan at 12% and use that money than use MTF at 18%. This way I will lose less.
All I can say is most people shouldn’t use leverage for delivery trades. 
We are forced to launch MTF since all our competitors have done it.
The right way to look at it is, maybe 1 in 10 trades where your conviction in a trade is so much that you double down. And yeah, averaging down is not a good idea.
Same is what I believe. Conviction is a myth in markets. Its all about probability. Anything can go wrong.Hehe.Its upto the traders how they manage and take risk. May be I am bit more conservative swing trader & want to survive in the markets for next 4 5 decades.