i watched full video.
mr.beautiful raised some points.
point1: GST: i don’t know about that.
point2: position squareoff by admin
point3: high margin blocked.
personally i think he raised voice for himself, as his turnover is high.
second reason is he is going/thinking of becoming a trading member (broker.)
so i think this another promotional video by him, as he is offering traders to register with him.
the point 2 & 3 he raised are important in view of broker.
let me share my experience.
in past i have worked as a AP with a full service broker.
the RMS department was very friendly with me & i have maintained very good friendly relation with owner(broker) of the firm. so i get more benefit than other APs.
i demand more exposer almost 10-12 times. i requested the RMS department that on every trading day, please reset the exposer limit of all my client to 12 times when rejection order comes to system. we squareoff all postions in intraday. some times i took exposer on those account in which no balance is deposited by saying that i have received a margin cheque from client & going to deposit, and will send you scan copy after market close as i 'm busy in trading.
i never broke the trust, but the day came & the incidence happens.
one of my newly registered client, got 12 times margin by single order rejection. he bought illiquid stocks in heavy qty. & didn’t squareoff. i didn’t seen that position because he has netnet (webbase ODIN) & i was using NOW. the broker didn’t show netnet positions on NOW admin terminal.
next day those stocks opened gapdown with 15-20% circuit. RMS guys keep pressuring to squareoff & margin cheque. finally the position squareoff carried out by RMS with 5.5lk loss & client refused to pay. he challenged to take legal action, but will not pay.
after many conversation with all i decided to pay all the loss, to maintain the relation & save the job of admin guys.
so blocking higher margin is good. exposer is more dangerous, many new traders got experience in recent thech glich of NSE.