The rapid technological change has significantly changed the way businesses are done. This is especially true for stock broking companies. Online stockbroking companies and technology-enabled trading is the norm. Gone are the days when one used to visit broking office for executing trades or dial the phone continuously till someone answered and place your order.
Today everything or rather anything can be done with a laptop, desktop or mobile phone. Trading and investing are no exception. However, there are times when due to various reasons the access to your laptop or internet is not available. Opportunities have an uncanny way of surfacing during such times. This is the time where call and trade facilities come in handy.
A call and trade phone number is provided to the client to execute his trades during such inaccessible times to execute his trades. The clients’ credentials are verified over the phone to the dealer assigned so that no unauthorised trades are done on behalf of the client before the trades are executed. Brokerages offer this facility for a fee that may range from Rs.10 to Rs.50 per executed call +GST.
Many brokers provide auto square off facilities as well. This is mainly for intraday traders. In case the intraday trader fails to square off his positions this facility enables the intraday position to be closed automatically at a specific time set by the broker before the market closes. This is to make sure that the intraday trade doesn’t result in a delivery risk due to failure to close positions for any reason.
Call and trade charge is a facility offered by the broker to trade over the phone in times of inaccessibility.
No. This facility is only available for online clients.
Yes. This facility is safe and secure as trades are executed after due verification of client credentials.
No. The charges are over and above the brokerage and other statutory charges.
Please note that by submitting the above mentioned details, you are authorizing TradeSmart to call and email you and also to send promotional communication even though the contact number may be registered under DND.
Please note that by submitting the above mentioned details, you are authorizing TradeSmart to call and email you and also to send promotional communication even though the contact number may be registered under DND.
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Trade @ Rs15 per order.
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Please note that by submitting the above mentioned details, you are authorizing TradeSmart to call and email you and also to send promotional communication even though the contact number may be registered under DND.