Trading

Get Higher Intraday Margins / Leverage

get higher margins / leverage

Traders,

With effect from 7th May 2018, the margins/leverage available for trading will be increased for the INTRADAY timeframe across all segments. We have decided to implement this after personally interacting with active traders and understanding their requirements in detail. Please note that the leverage provided will be subject to change based on the underlying volatility in the index, individual scrips, impact costs, major macro events and stock specific events too. During such times, the margins required will be changed with or without prior notice, depending on the situation. The presentation of leverage as ‘x’ denotes a multiple or number of times leverage given when compared to overnight margins (SPAN + Exposure) required per lot for futures and premium amount for options. I will take explain this with a few examples:

  • Futures & Options selling:
    Let’s assume that the SPAN + Exposure margins for 1 lot of Nifty futures is ₹60,000. A leverage of 4 times (4x) means that you will be able to take a position with just ₹15,000 (15,000*4 = 60,000).
  • Options Buying:
    SPAN + Exposure margins are not applicable for option buyers. To initiate a trade, you will have to pay the entire premium for 1 lot. However, we have provided some leverage for near-month Nifty contracts. Normally, to buy Nifty 10800CE you’ll have to pay the entire premium of ₹5250. (70 Price* 75 Lot Size). However, if you use cover orders to buy, you will get some margins/leverage and you can buy it for a lesser amount. With a leverage of 1.3x, you will be able to buy 1 lot with just ₹4040 (5250/1.3).
  • Equity:
    This is the simplest of all. For instance, assuming the leverage/margins is 16x, it means that with a capital of say ₹10,000, you can take a position of up-to ₹1,60,000.

Margins / Leverage provided in the INTRADAY time-frame will be as follows:

  1. Equity Index & Stock Futures – 4x.
  2. Equity Options (Option Sellers) – 4x.
  3. Equity Options (Option Buyers – Cover Orders on Nifty Near-Month contracts) – 1.3x.
  4. Equity – Up to 16x (Each stock is assigned a different leverage depending on the underlying volatility/risk management policies).

Since the above-mentioned margins/leverage are subject to change from time to time, I encourage you to track the latest margins required on our Margin Calculators page. In the derivatives section, we show you the number of lots you can buy for with your capital intraday & overnight with the required margins per lot. Please note, that all intraday positions will be squared off by our risk management team before the closing hours of the market, if they are left open by you. If you intend to carry your position overnight, ensure to change the product type from INTRADAY to MARGIN. It is important to note that the risk assessment happens on a daily basis and in case there are any changes to what I’ve mentioned in this post, you can find the latest details in our Margin Calculators page. If you like our trading platforms and the overall experience at FYERS, do refer your friends to us. For any doubts or clarifications, write to us in the comments section below. I’m pretty active here.

Tejas Khoday

Tejas Khoday

Tejas is the Co-Founder & CEO at FYERS, the youngest team to get NSE’s broker license. He has a specialization in finance and has over 10 years of work experience spanning across proprietary trading, risk management, and broking. Tejas & his team started FYERS, a technology-focused brokerage as a mission to transform the trading/investment landscape in India.

56 Comments

  • Hitesh says:

    I have opened account with fyers but did not choose F&O segment. What should I do to get started? Are there any forms or documents?

  • Vardhaan says:

    This is great for sure. Please allow margins for bank nifty buying too. It will be great for everyone.

    • Tejas Khoday Tejas Khoday says:

      Currently, not possible Vardhaan. Bank Nifty options are much more volatile and risky for us as a broker.

  • Amit says:

    Great to know this. FYERS is rocking everytime with new features. Keep it up and congratulations to your entire team.

  • Rishi says:

    How many days does it take to open account with FYERS? I submitted details yesterday.

    • Tejas Khoday Tejas Khoday says:

      Hi Rishi, It usually takes 2 – 5 days depending on your location. This is because the forms need to be sent back n forth.

  • Prasanna Kumar Thewa says:

    Hello there,
    Just wanted to know that in fyers web do you have “GANN GRID ” in the tool section .
    If not,will it be available soon ?

    • Tejas Khoday Tejas Khoday says:

      Hi Prasanna Kumar Thewa, On Fyers Web we have:

      1. Gann Box
      2. Gann Square
      3. Gann Square Fixed
      4. Gann Fan

  • Farukh says:

    Hi Tejas, Is it possible to add an personal code for indicator as we can do in TradingView?

    • Tejas Khoday Tejas Khoday says:

      Hi Farukh, Nope that’s not possible. PineScript is a proprietary coding language only available on Tradingview.com. We have only tied up with them for the charting component.

  • bhavesh says:

    Thanks for giving good knowledge

  • Keerthan says:

    Hi there,

    Can NRI’s open an account with Fyers, only for trading (FNO) and not delivery? If yes, could you provide details to my email. I had sent an enquiry last week, but had not received any feedback regarding the same.

    • Tejas Khoday Tejas Khoday says:

      Hi Keerthan, regulations are really a hurdle for NRI trading. The environment of regulations in NRI trading has become really cumbersome to deal with and it takes up a lot of our resources. Honestly, we feel like the red tape should be reduced and the loopholes need to be plugged. Until then, we are sorta helpless.

    • Tejas Khoday Tejas Khoday says:

      Hi Keerthan, Currently we ask NRIs to open a trading + demat for the sake of simplicity and to avoid complications. The thing is that NRI account opening has a lot of additional compliance and it complicates the entire process tremendously. We wish it was easier so that we could serve as many NRIs as possible.

  • Amit Kumar Pandey says:

    Sir is it possible to add chart pop-out feature in fyers web?
    I know that there is multi chart setup in fyers web but poping out will enable us to create multi monitor setup.

    • Tejas Khoday Tejas Khoday says:

      It is ready in the back-end, but we have not yet launched it because we need pay attention to the load factor.

  • tarak says:

    When are you providing BO order on fyers web?
    thanks

    • Tejas Khoday Tejas Khoday says:

      Bracket Orders are currently in testing. Last Saturday, we participated successfully in exchange’s mock environment. We are now testing it in live environment and will soon invite beta users. It’s around the corner and we will launch this. Currently, it is our No. 1 priority.

  • ashok says:

    dear sir when intraday position ( MIS ) will be starting in cross currency pairs ( eur/usd , gbp/usd , and usd/jpy), as of now there is only option to trade on ( NRML ) position, and how much will be leverage for these pairs. thanks
    regards ashok

  • RAKESH says:

    SIR
    EAGERLY WAITING FOR THE OPTION STRATEGY BUILDER PAGE. IT WAS BEST OPTION TOOL AND HIGHLY HELPFUL. PLEASE LAUNCH IT AGAIN.

    • Tejas Khoday Tejas Khoday says:

      Hi Rakesh, we will launch it soon. There was a reason why we removed it, it makes sense for us to re-launch it with more built-in features. We’ll do this as soon as all our other developments are through.

  • Manikandan says:

    Actually i tried your fyers web. The problem is not able to place cover orders quickly even i put price as market.I feel the UI not that much simple to place orders and exit. If possible kindly change order placing little simpler just like kite. Only for this order placing alone i am using kite.
    But rest all other features are really nice.
    Thanks in advance.

    • Tejas Khoday Tejas Khoday says:

      Hi Manikandan, I guess you’ll need to get used to it that’s all. Once you do, you will realize that order placement speed can actually be faster especially with our trade from charts feature and Price Ladder feature which only we provide in India. Thanks for the feedback.

  • SRINIVASAN says:

    sir
    Kindly check latest today 7th May stock futures intraday margin MIS calculator None of them showing 4x margin for the overnight amount .
    Kindly clarify the increase in leverage.

    • Tejas Khoday Tejas Khoday says:

      Hi Srinivasan, the calculators will be updated today EOD as mentioned. Apologies for the delay. However, the margins are available in the trading platforms.

  • Venkatesha R says:

    6 month back,I have reported Ichimoku indicator future cloud not showing issue in fyers one.still not solved by support team. due to this i have
    to depend on other charting software.Could you help me on this

    • Tejas Khoday Tejas Khoday says:

      Hi Ventatesha R, We have introduced Ichimoku Cloud indicator on Fyers Web. Login to trade.fyers.in if you want an easier access to the best charts. I strongly recommend you do this. Fyers One charting framework has some limitations in comparison. However, it is currently more useful for screeners. Hope this helps.

  • Kunal Yevankar says:

    Hi Tejas my question is off topic,
    When are you starting FX?

    • Tejas Khoday Tejas Khoday says:

      Hi Kunal, We had a couple of things on our table like the leverage policies. Very soon, we’ll be introducing another feature and post that, we’ll sit on FX. It should happen this month.

  • Bhushan Sakhale says:

    What is the margin required for writing an option of bank nifty and nifty ?

  • ashok says:

    hello sir, , this is ashok , i have received mail regarding increased leverage on all the segments , which is bit confusing me , plz simplify this for me , as example we get 5x of leverage on intraday currency position for EUR/INR on price at 80.16 , so it comes approx 555 rupee for per 1 lot as per your leverage calculator on your site , and for cover order currency position we get 86x of leverage but still it shows 676 rupee per trade as per leverage calculator , so i did not understand how come 5 times of leverage , required 555 rupee for per lot n 86 times of leverage , required 676 rupee for 1 lot , plz simplify me this , if i am wrong. thanks
    regards

    • Tejas Khoday Tejas Khoday says:

      Hi Ashok, Very good question! I wish others had asked this one before. Okay so the explanation is as below.

      1. The leverage calculation for INTRADAY product type is on SPAN + Exposure margins.
      2. The leverage calculation for Cover ORders is on the total contract value divided by the margin required.

      However, that being said, we will take your feedback and work on the cover order leverage for currency futures Ashok. Stay tuned with the calculator and you will see an update on this very soon.

      • ashok says:

        ok ,thanks for quick reply sir , but still little confused , plz explain with an example , and when will we start getting leverage in cross currency pairs ( eur/usd , gbp/usd , and usd/jpy) thanks
        regards ashok

  • sathish kumar says:

    Thank you. !! Please add pivot point indicator

    • Tejas Khoday Tejas Khoday says:

      Hi Sathish, will certainly do. I know that it has been slightly overdue but it will be done. Just a matter of time.

      • sathish kumar says:

        Hi
        Just waiting for Pivot Point and watch list for FNO scrips as well FNO futures just like Nifty 50 etc., Moment you introduce this, I will jump to Fyers. Eagerly waiting

      • Tejas Khoday Tejas Khoday says:

        Hello Sathish Kumar, Pivot points will take some time. The reason is that the component is dependent on Tradingview. We are in constant touch with the TradingView development team and they have promised to introduce this at the earliest. Other than this feature, we have been regularly updating Fyers Web with other features. In a few days, we will introduce some basic features which have been pending from our end.

      • Gajendran Murthy says:

        Very much impressed about Fyers.. I have opened account after becoming tired and frustrated with others. Thank you for this.. I will definitely recommend 2 of my friends to your company.

      • Tejas Khoday Tejas Khoday says:

        Hello Gajendran, I understand how you feel. Glad you opened an account with us. Be rest assured that you will get great services. Welcome aboard & Happy Trading!

      • sathish kumar says:

        Hi, Pivot point is available in Trading view ( under public library). May be Trading view should be able to provide the same to fyers easily. It would be a great tool if it is added.

      • Tejas Khoday Tejas Khoday says:

        Hi Sathish, Yes although it is publicly available on TradingView, it is not available on our trading platform yet because that component requires their development/integration. We’ll get this done at the earliest.

      • sathish kumar says:

        thank you…!! anyways i have switched to fyers now..i love it.. i will super love it if you enable pivot points and FNO futures and FNO scrips watchlist

      • Tejas Khoday Tejas Khoday says:

        That’s great Sathish, Glad we like it. We have taken up the pivot points issue with TradingView. They’re taking an unusually long time with this. Other than that, we have introduced F&O watchlist for near month index contracts (Futures & Options). We’ll try to do it with stocks in the near future.

      • sathish kumar says:

        Hi, I use 3 indicators. One is VWAP, keltner channel and Pivot points. Fyers web has vwap and keltner channels and does not have pivot points. Fyers one has pivot points that upto 2 resistance and support levels only; but does not have Vwap and keltner channels. I have to shift between these two to make the trading decision and which causes delays and late entries / missed opportunities. Order entry is convenient in both Fyers web and Fyers One. In Fyers one, I can have watchlists as I need. Fyers web has restrictions. If these differences are sorted out, it would be really better

      • Tejas Khoday Tejas Khoday says:

        Yes, we understand and will do the needful soon.

  • Micro Himalayan says:

    Great sir
    Margin in option buying is a great idea
    And congrats for the best platform in India

    • Tejas Khoday Tejas Khoday says:

      Hi Micro Himalayan, Thank you! We’ve done this for Near-month Nifty options contracts at the moment. Just assessing the risk and taking it one step at a time. We hope that this will benefit you.

  • SRINIVASAN says:

    sir,

    i think still the previous date margin only present in the calculator page.its not updated.hope this increase is for INTRADAY(mis) product alone.What abt changes in the bracket/cover order margins??

    regards

    Srinivasan

    • Tejas Khoday Tejas Khoday says:

      Hi Srinivasan, You’re right. The margin calculator will be updated by tomorrow EOD. We’re making the necessary changes. Thanks for pointing out. Yes, we have increased leverage for equity MIS. Now we provide up-to 16x. In fact, we’re thinking of providing more for some scrips but we will revisit the issue after assessing the risk.

      Our Cover Order margins are already higher than the standard leverage provided by other brokers.

  • Mukhtar Pathan says:

    We got a notification a while ago that 67x margin for FNO intraday in cover orders. Will it continue to exist or not?

    • Tejas Khoday Tejas Khoday says:

      Hi Mukhtar, Yes it is true that we provide 66.67x leverage on:
      1. Nifty futures
      2. Bank Nifty Futures

      You can avail this leverage by using cover orders. Yes, we will let this exist as long as the volatility in the market is in this range. In any case, you will get high leverage with us.

  • Govind says:

    Great News! You actually did what u promised.. very happy with u ppl taking interest in our concerns.. kudos to you and ur risk team

    • Tejas Khoday Tejas Khoday says:

      Thanks, Govind. Yeah, we were serious and were already in the midst of planning it when we reached out to a select group of active traders.

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