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, please follow the instructions here to enable it. Go to the order window: Open the order window in FYERS Web.
Click on "Try MTF": Locate and click the "Try MTF" button within the order window.
Accept terms and conditions: Read and accept the terms and conditions presented.
Activate with OTP: Click on the "Activate with OTP" button.
Enter OTP: Input the One-Time Password (OTP) received on your registered mobile number.
Complete activation: Follow the prompts to complete the activation process. Once done, you will receive a confirmation within 24 working hours. After receiving the confirmation, log out and log back in to start using MTF.
For a step-by-step visual guide, please watch the video below:
Related Articles
What is Margin Trading Facility (MTF)?
Margin Trading Facility (MTF) is a service that allows you to buy shares by only paying a part of the total value upfront, called the initial margin. The remaining amount is funded by FYERS.For instance, if you want to purchase shares of a company ...
Which stocks are eligible for MTF trading?
The list of eligible stocks for MTF includes 900 stocks from NSE. A detailed list of these stocks and their corresponding leverage options can be found on the MTF page within the FYERS App or on our website, alongside the MTF Margin calculator, ...
What are the pledge charges on MTF?
At FYERS, the following charges apply for MTF (Margin Trading Facility) transactions: Pledge Request: ₹12 per transaction Unpledge Request: ₹12 per transaction These charges are standard for each transaction and help you plan the costs involved in ...
What are the latest features in FYERS Web?
The latest TradingView library has been integrated on the FYERS Web and the following are the feature updates. New Features: 1. Icons have been provided for Exit positions, Fund Transfer, Basket Order, My Account, User Settings, Refresh Trading ...
Are there withdrawal restrictions for using MTF?
Withdrawals are restricted to the extent of your mark-to-market (MTM) losses on your Margin Trading Facility (MTF) positions. However, any funds that exceed the MTM losses can still be withdrawn. This ensures that the losses are accounted for while ...