Ad www.ProStocks.com
FREE Account Opening + No Clearing Fees + Rs 999 API Access
|
|
If you don't find answer of your question, do not hesitate to ask our expert team. Ask Your Question
A 2-in-1 account is an online account to invest in stocks, mutual funds, and bonds, etc. It is a combination of Demat and Trading accounts opened and linked together for seamless transactions among them.
A combination of saving bank, demat and trading accounts opened together and linked to each other for hassle-free online stock market investments.
After Market Order (AMO) is used for placing orders post the market hours for the next day trading.
An order type which allows customers to sell shares before they are credited in to demat account or take the delivery of shares. The decision has to be made in 2 days.
CDSL is one of the two authorised depositories in India. They hold financial securities like shares, bonds, and mutual funds in electronic form for customers.
CDSL TPIN is 6 digit password to authorize a broker to debit the chosen stocks from a demat account with CDSL. TPIN is alternate to the Demat Power of Attorney.
Clearing charges is a fee charged by the broker in India. Broker pays this fee to the professional clearing member who helps them settle the trades with exchanges.
A Contract Note is a document provided by the stock broker to the customer. It contains records of the trades carried out by a client on a particular day.
A Depository is an institution that holds financial securities in a De-Materialized form and facilitates their trade on various stock exchanges and platforms.
Daily Price Range (DPR) is the maximum fluctuation in price allowed during a trading session for the scrip. Trading gets suspended if the maximum permissible limit is hit in either direction for the scrips in equity segment (except derivative segment) which has a DPR.
ICICI Direct Equity ATM (eATM) is a facility wherein the customer receives a credit of funds within 30 minutes (as against the current payout cycle of T+2) from the time of execution of sell order in the cash segment.
Exposure is the money in the trading account for trading in Intraday and Derivatives (F&O). Exposure is also known as Margin or Limit.
Good Till Cancelled or GTC order allows you to place an order which remains in brokers trading system until it get executed, cancelled manually or order expiry date reaches.
ICICIdirect Prime Brokerage Plan offers an eATM facility and helps to reduce the brokerage charges.
A leg is a single position taken in trading. Say if you buy 100 shares of a company then that is your 1st leg. Now when you sell the shares it is your 2nd leg.
A limit order is used when an investor wants to buy or sell the security at a specific price.
The margin is the money in the trading account for buying shares. In case of intraday and F&O trading, the margin is also called exposure or limit.
A market order is used when an investor wants to buy or sell the security at the prevailing market price.
NSDL is a government authorized depository. It holds financial securities like shares, and mutual funds in an electronic form for customers in demat account.
Trading product types are the product codes used for trading based on whether you intend to buy and sell the same day or take an overnight position.
Securities Transaction Tax or STT is a tax being levied on all transactions done on the stock exchanges at rates prescribed by the Government of India.
Online trades (buy and sell) requires the transfer of money and shares between a buyer and a seller. Exchange performs these transactions (settlement) on the T+2 basis.
Stamp duty is a government tax in India on trading in stocks, currency derivatives and commodities. It is collected by the stockbroker for issuing stamped contract notes at the end of the day.
Sell Today Buy Tomorrow (STBT) is a facility that allows customers to sell the shares in the cash segment (shares which are not in his demat account) and buy them the next day.
An order type is a pattern in which investors want their stock brokers to execute a stock market trade on the exchange. It depends on their trading objective.
Trading Platform is a set of software applications offered by the broker for online trading. The trading platform includes apps like install-able trading terminal, trading website and mobile app for trading.
