Broker Credit

stockchaser · 1 Broker Credit Thu Jan 21, 2021 9:46 pm

stockchaser

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Can some one tell me how long broker give credit for

Kanishka_2020 · 2 Re: Broker Credit Fri Jan 22, 2021 7:34 am

Kanishka_2020

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Normally you have to settle the amount within 3 days time.
If we fail to settle they have right sell our stocks force sell but these days normally they not doing that but asking us to settle the cash or sell it as much as quickly.

Vishwanarth · 3 Re: Broker Credit Fri Jan 22, 2021 9:14 am

Vishwanarth

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They are charging penalty interest per day.

Vishwanarth · 4 Re: Broker Credit Fri Jan 22, 2021 9:23 am

Vishwanarth

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Brokers Paradox
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It seems role of broker becomes obsolete by now. Most of them fail to give credible opinion. Says, cant sure, lets see, dont know, don't know what will happen bla bla.. And just issue reports with available data with different colours only.
Its time to review Fee on transaction

madukp · 5 Re: Broker Credit Fri Jan 22, 2021 8:40 pm

madukp

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Don't go on credit, open margin account. be your own boos in this rally.

Win Win · 6 Re: Broker Credit Fri Jan 22, 2021 10:14 pm

Win Win

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stockchaser wrote:Can some one tell me how long broker give credit for

Dear
This will be depend on the broker. Some brokers give credits for 15 days, 30 days and no day etc.

Some brokers are managing the retailers credit periods indirectly to decide the price.