Trade Smart Online launches margin funding product Equimax
Using Equimax, a customer can leverage position and get exposure up to four times of the cash balance for delivery, Trade Smart Online said.
By ET Bureau | Updated:
MUMBAI: Discount broking firm Trade Smart Online has launched a new margin funding product Equimax for customers looking to leverage and buy stocks.
Using Equimax, a customer can leverage position and get exposure up to four times of the cash balance for delivery, Trade Smart Online said in a release.
Debit balance from this funding will attract an interest of 0.05 per cent per day but if there is no ledger debit at the end of the day, no interest will be charged, the broking firm said.
The facility will be available on desktop, mobile and browser versions of the trading platform, it added. Also, the facility will be available only on the cash segment of the NSE.
Using Equimax, a customer can leverage position and get exposure up to four times of the cash balance for delivery, Trade Smart Online said in a release.
Debit balance from this funding will attract an interest of 0.05 per cent per day but if there is no ledger debit at the end of the day, no interest will be charged, the broking firm said.
The facility will be available on desktop, mobile and browser versions of the trading platform, it added. Also, the facility will be available only on the cash segment of the NSE.
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