Comment on Cover Orders - For Higher Leverage

Nithin Kamath commented on 09 Jan 2013, 04:54 AM

Hi Mr Singh,

Cover orders will be available for currency but without any margin benefit soon.

We have consciously decided to not offer cover orders for currency trading with a higher leverage. Currency inherently is a high leverage product, for eg you can trade USDINR with 2% margin, which is around 50 times leverage. If we give any additional leverage, we as brokers would be taking unnecessary risk and hopefully you’d appreciate that we as your brokers rather be safe than sorry.

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