Margin Trading Facility (MTF) at FYERS: Trade on Your Terms

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One of the biggest challenges in trading is capital. You identify a promising opportunity, but your available funds fall short. That’s where Margin Trading Facility (MTF) at FYERS comes in. It helps you increase your buying power by borrowing against your existing capital while maintaining full control over your trades.

What is MTF?

MTF lets you take delivery positions in the cash segment by borrowing against your available capital or pledged holdings. You can access up to 4 times your funds by selecting MTF as the product type in the order window. Interest is charged only on the borrowed portion, and it is calculated daily.

Example

Suppose you have ₹1 lakh in your account. With MTF, you can place a delivery trade worth ₹4 lakh by borrowing the remaining ₹3 lakh. You will be charged interest only on the borrowed ₹3 lakh.

How MTF Works

Using MTF is simple and seamless on FYERS:

  • Select a stock from the MTF-approved list
  • In the order window, choose “MTF” as the product type
  • Place your trade using enhanced buying power
  • Interest applies only on the borrowed amount, charged daily

Automated Pledging

Earlier, MTF required manual pledging and OTP-based confirmation. Since 8 November 2024, pledging is fully automated in line with NSE regulations. Once you buy stocks using MTF, they are auto-pledged with no additional steps or delays.

Why Use MTF?

  • Access up to 4x leverage on over 1,600 approved stocks
  • No restriction on holding period for MTF positions
  • Flexible position sizing based on your capital and risk
  • Lower capital requirement compared to futures or full delivery
  • Cost-effective daily interest, with rates starting at 12.49% per annum for higher slabs

Earlier, MTF interest was charged at a flat 18% per annum. From 2nd June 2025, we’ve introduced a slab rate structure—so the more you borrow, the lower your rate. It’s designed to make leverage more affordable and reward higher-volume traders with better pricing

Interest Rate Structure

Borrowed Amount Annual Rate Daily Rate (Approx.)
Up to ₹1,000 0% 0%
₹1,000.01 – ₹1,00,000 16.49% 0.0452%
₹1,00,000.01 – ₹10,00,000 15.49% 0.0424%
₹10,00,000.01 – ₹25,00,000 14.49% 0.0397%
₹25,00,000.01 – ₹50,00,000 12.49% 0.0342%

Only one slab applies per day based on your total borrowed value.

Getting Started with MTF

To activate and use MTF on FYERS:

  • Log in to Fyers Web or App
  • Select a stock and choose “Try MTF” in the order window
  • Complete the one-time registration
  • Enable DDPI, which is mandatory to use MTF
    → How to enable DDPI

Once activated, MTF remains available for you to use as needed.

Need Help?

Visit our MTF Help Section to learn more about:

  • Eligibility
  • Interest calculation
  • Pledging and collateral
  • Risk management
  • Margin calls

Get Started with MTF Today

MTF helps you scale your trades without constantly arranging extra capital. If you’re trading with limited funds, it gives you the leverage to act decisively when opportunities arise. With built-in features like automatic pledging and daily interest tracking, you stay focused on your strategy, not the logistics.

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I requested many times, still not yet implemented.

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Please let me know how to convert MTF positions to CNC by paying extra margin which was borrowed earlier, if a trade goes against me and I want to reduce my loss by not paying interest.

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0.049% Same as Other Broker.. so what kind of diffrences to use MTF on fyres… dissappointed​:unamused_face:

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Hey @111637148373547409691, The difference can be counted by various trading features, and upcoming innovations. I encourage you to read about our 4 unique SMART order types. They’re unique among all trading platforms in the country.

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Hi @masood_zafer, to convert your MTF positions to CNC, you can email us from your registered email ID at [email protected] or contact our support team. Our team will do the needful.

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Hi @masood_zafer

To convert the MTF position to CNC, kindly raise a ticket by emailing [email protected]

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Hi @mganesh6496
Thank you for your patience!
We are actively working on enabling GTT with MTF, as well as providing a ledger with MTF interest.

1 Like
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https://community.fyers.inhttps://fyers.in/community/t/gst-charges-on-mtf-interest/21301

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Hey @114897844522094018978, your concern is acknowledged in the shared post.

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Hi,

I saw that you have changed the pledge and unplegde charges from 0 to 12 for MTF. Please clarify the following.

Are these charges per script per day basis like the DP charges or per script per sequence bassis?

Example: If I buy a stock on multiple days in MTF, say on 5 different days, I understand that I have to pay 5*12 rs while pledging in the MTF.

But when I decide to sell them all at once, should I pay 5*12 rs for unpledge or only 12 rs?

Thank you

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Hi @113607926899287107030,

Unpledging charges will apply at ₹12 per request per day. This means that all executed orders placed within a day will be consolidated and considered as one MTF pledge/unpledge request.

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If I buy same stock multiple times in a day in MTF, will you charge 12 rs per each buy order? Because pledging is happening only one time after 4 PM, doesn’t that count as single pledge request? Rather than doing per order bases, why dont you keep it simple as DP charges, per script per day basis? What is the point of having all the smart entry smart exit features if you are charging per order basis?

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Before When I first wanted to enable MTF, I saw, there was interest rate of 16% / anum (I attached an image below as evidence).

576×1280 74.6 KB

Now I see, it has been increased to 18%. I will show my interest, if the interest rate is again bring back to 16%. As you know, Presently, most of the public and private sector banks give personal loan at the rate of 16%/anum. Thus, 16% per anum would be ideal and reasonable interest rate for us.

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Hi @113607926899287107030
Sorry for the confusion created.

For each symbol, one pledge request is considered. If you place multiple orders in a day, they will all be consolidated and treated as a single request.

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Hi @mBoLlVKoqp

You were correct; previously, the interest rate was 16%, and up to 5X leverage was allowed.

However, effective from 1st October 2024, the interest rate has been revised to 18%, and leverage is now up to 4X.

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What about the brokerage charges that you started recently. Is it only on sell side or even on buy side?

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It’s applicable on both sides, buy and sell.

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Hey @mBoLlVKoqp, Our beta phase was launched for CUG at 16% with GST, which was effectively 18.88%. GST is not applicable now and we did raise to 18% but your overall cost is still 18%. But more importantly, it only works out to about 49.3 rupees per lakh rupees and the holding period for MTF is very short term, typically a week or less. So, the 2% difference that you’re aiming for is in fact, inconsequential.

I almost forgot to mention that we offer MTF for 900+ Group 1 stocks, higher than peers with a leverage of 4x.

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Hey Ganesh, could you elaborate on the ‘tab switch’ feature request?