Are there withdrawal restrictions for using MTF?
When using the Margin Trading Facility (MTF) at FYERS, your ability to withdraw funds is limited by your mark-to-market (MTM) losses. This means:
- You can withdraw funds exceeding your MTM losses.
- The portion of funds covering your MTM losses will be retained to ensure your trading obligations are met.
This policy ensures that any potential losses from your MTF positions are properly accounted for, while still giving you access to available surplus funds.
Placing withdrawal request:
- Check your available balance in your trading account.
- Contact our support to place a withdrawal request:
- Raise a ticket via email at [email protected]
- Or call our support team on our support lines
- Our team will verify your available funds and process your withdrawal request accordingly.
Note: Withdrawals are always subject to fund availability after accounting for MTM losses on your MTF positions.
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What's the maximum amount I can invest using MTF?
Each trader using MTF at FYERS will get an exposure of up to ₹25 lakh (updated from 11th December 2024). This limit is designed to help you leverage your investment strategies effectively while managing risks wisely.
What happens if I miss the interest payments for using MTF?
If you miss an interest payment, your MTF trading capability will be temporarily paused. There’s no permanent blacklist for this; simply settle the dues to reactivate your MTF access. For any queries or clarifications, kindly contact support.
How to activate Margin Trading Facility (MTF) in FYERS Web?
To activate the Margin Trading Facility (MTF) in FYERS Web (available only on Web 1.5 Version), follow these steps: Enable DDPI: Ensure that the Demat Debit and Pledge Instruction (DDPI) is enabled before proceeding. If you haven't enabled DDPI yet, ...
Are there any hidden charges associated with MTF other than interest?
No, there are no hidden charges for using the Margin Trading Facility (MTF) apart from brokerage and statutory charges as outlined in the True to Label circular. This transparency ensures you can plan your investments confidently, without worrying ...
Can I do BTST with MTF, and will I get the sell credit when I sell the next day?
Yes, you can execute BTST (Buy Today, Sell Tomorrow) using the MTF product type. Here’s what you need to know: Sell Credit: When you sell the shares the next day, the sell credit is received and can be used across all trading segments on the same ...