Hello Traders,
I am active user of Zerodha and 5Paisa. But I would like to know about AngelOne and Groww related to margin requirement while placing order. For example to take a short strangle position, we may need 1.5L for PE and 30k for CE to sell. So zerodha needs only 1.8L while we place order. But in the case of 5Paisa broker, they need 1.5L for CE and 1.5L for PE to place short sell orders. Once order executed only the margin reduces to 1.8L. So in this case if my total fund is only 2L, i can take short strangle in Zerodha, but not in 5Paisa. Hence i would like to move my 5Paisa account to either AngelOne or Groww. I would like to know if anyone of you use AngelOne or Groww for F&O.
Your answer would be very much helpful. Thank you in advance.
This works according to SEBI and exchange rules?