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 (with 4x leverage) worth ₹4 lakhs but have only ₹1 lakh. In this case, FYERS will fund the remaining ₹3 lakhs, allowing you to complete the purchase. Interest will be charged on the borrowed amount of ₹3 lakh at 18% per annum, which translates to ₹50 per lakh/day. Interest on MTF funding will be levied from settlement to settlement.
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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, ...
Which stocks are eligible for MTF trading?
The list of eligible stocks for MTF includes 1400+ 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 ...
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 However, any funds that exceed the MTM losses can still be withdrawn.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 ...
Can I convert an MTF position to Overnight?
Yes, you can convert your Margin Trading Facility (MTF) position to an Overnight position (CNC). Important considerations before converting: Submit your request between 9:00 AM and 9:00 PM, as requests outside this timeframe will not be processed. ...