What is EquiMax?
EquiMax allows you to buy more stocks in delivery than you’d normally be able to with the same amount of cash in your trading account.
For example: If you want to buy shares worth Rs 4 lacs in delivery, you can do so by paying only Rs 1 lac in margin.
- Brokerage Plans: EquiMax is being offered for 0.007% (Value Plan) and Rs 15 (Power Plan) brokerage plans only.
- Trading Platform: It will be available for all NEST platforms (Desktop, Mobile and Browser).
- Subscription charges: There will be an annual subscription fee of Rs 1000 + GST in order to enable this service.
- Risk Square-off: As a broker we take it as our responsibility to act as a stop-loss to minimize your losses in case the market moves against your expectations. Hence, the positions may be squared-off from our side if 50% of your margin gets eroded due to MTM loss.
- Demat account: To avail EquiMax funding facility for your account, you should have a online demat account with us, so that the pay-in and pay-out of shares is convenient and seamless.
For more details about EquiMax Margin Trading please read our blog post here