Save over 60% on Brokerage
We can help you save between 60% to 90% brokerage fee & taxes. Contact us today...
Cover Order in Edelweiss helps you get more leverage in the equity and futures segments in intraday trades. It helps you to gain high returns while limiting your losses by setting a stop-loss trigger price.
The Cover Order feature is available only on select stocks and Future contracts. Trades with Cover Orders get a higher margin due to limited risk involved. A Cover Order lets you place trades up to 80 times the available limits in your trading account.
While taking an intraday position, you need to specify the trigger price and the limit price. If the stock price crosses the trigger price a sell order is placed which gets executed when the limit price is touched. This way you limit the extent of losses in an intraday trade in case the price moves downwards.
Steps to Place a Cover Order
Add a public comment...
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Account Best Broker for Beginners More Reports...Reviews (Discount Broker)
Zerodha (₹20/trade) Edelweiss (₹10/trade) Upstox (₹20/trade) 5paisa (₹20/trade) ProStocks (₹899 Unlimited) More Brokers...Reviews (Full-service)
ICICI Direct Motilal Oswal HDFC Sec Sharekhan IIFL Securities More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Trading HomepageBroker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaBest of
NRI HomepageNRI Trading Guide
Trading Account Basics Trading Requirements Demat Account Explained USA NRI Trading Account Trading in Derivatives More Articles...History of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc