Trader Multiple is a product that allows you to take 15 times exposure on the available margin on certain approved scrips(NIFTY 50 Stocks) for intra-day, with maximum SL range of 3%
It allows you to take intra-day position on certain Future stocks/index at only 50% of required margin, with maximum SL range 2.5% i.e It allows you to take 25 times exposure i.e. 4% margin on Index Future (Nifty, Bank Nifty, Sensex).
In the Currency Segment, For USDINR contracts it allows you to take position at only 50% margin (1.19%) whereas the exchange requirement is (2.38%), with Maximum SL range of .85%
It also allows NSE stock futures of Sensex 30 scrips with 50% of exchange margin, with maximum SL range of 3%.
Advantages This product enables you the flexibility to take positions in certain scrips/stocks and putting a Limit profit Order and also stop loss order at the same time, thus enabling you to minimize your loss in case of unfavorable market conditions. IIFL reserves the right to change the list of stocks and availability of margin, without prior notice based on the market conditions.
You cannot cancel the Trader Multiple order. All Trader Multiple orders will be automatically squared off as a market order by 3.15, in case you do not square it yourself or if the Stop loss price is not achieved.
The Trader Multiple orders can be placed only during market hours. For example:- NSE/BSE Cash & Futures: from 9.15 a.m. till 3.15 p.m. All Trader Multiple orders have to be squared off by 3.15 p.m. NSE Currency Futures: from 9.00 a.m. till 4.45 p.m. ...