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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Margin Trading providers

Margin Trading providers

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1Margin Trading providers Empty Margin Trading providers Sat Mar 26, 2011 6:32 pm

Mrgeeth

Mrgeeth
Stock Trader
Hi experts, I planned to register a margin trading account. I have no idea to register with whom. I know some banks ( Commercial, Seylan, DFCC, PABC and NTB) and broker firms (capital Trust, Asha phillips, Bartleets...) are giving the facility. Can any body help me, which is good to register?

2Margin Trading providers Empty Re: Margin Trading providers Sun Mar 27, 2011 6:31 am

ss7097

ss7097
Manager - Equity Analytics
Manager - Equity Analytics
@Mrgeeth wrote:Hi experts, I planned to register a margin trading account. I have no idea to register with whom. I know some banks ( Commercial, Seylan, DFCC, PABC and NTB) and broker firms (capital Trust, Asha phillips, Bartleets...) are giving the facility. Can any body help me, which is good to register?

Hi Mrgeeth,

I was looking for margin trading facility and communicated different parties. Commercial is 13% and 35% of your portfolio is the max they give. Same as HNB but interest is 14%.
Asha phillips wont give Credit but they promised me from the beginning (December). Like "balakiri dose...." they told me until last Friday, they got the license and promised to give me from February onwards.... At last I'd to take a personal loan from HNB to settle 50% of my credit.

Hey guys, anyone got Margin trading from Asha phillips, please let me know.......

3Margin Trading providers Empty Margin Trading providers Sun Mar 27, 2011 9:16 pm

Mrgeeth

Mrgeeth
Stock Trader
Hi ss 7097!
Thank you so much for your valuable idea. I also thought of opening a margin trading account with Commercial bank. However still I have some queries. For that, do I have to contact commercial bank or any broker firm. I heard Capital Trust is arranging margin trading facility from commercial bank. Which is better? Are they allowing online trading with the margin account? Are there any other limitations with Commercial bank? Idea

4Margin Trading providers Empty Re: Margin Trading providers Sun Mar 27, 2011 9:35 pm

ss7097

ss7097
Manager - Equity Analytics
Manager - Equity Analytics
@Mrgeeth wrote:Hi ss 7097!
Thank you so much for your valuable idea. I also thought of opening a margin trading account with Commercial bank. However still I have some queries. For that, do I have to contact commercial bank or any broker firm. I heard Capital Trust is arranging margin trading facility from commercial bank. Which is better? Are they allowing online trading with the margin account? Are there any other limitations with Commercial bank? Idea

Hi Mrgeeth,

Your broker arranging margin trading through commercial bank. You also can talk to them direct but has to call their corporate bank in Colombo. But that information can get from the closest commercial bank to you.
There are restrictions, but still I didn't go with Margin trading due to this red market. If you use full quota giving the bank (35% of your portfolio) and if the market come down and your original portfolio value reduced, you've to pay the additional amount you consumed for higher interest rate. I checked this with HNB and they take 22% OD interest for that amount. Best thing is to talk to Commercial bank and clarify all the issues.
You can check these things from them.

1. How you pay interest for the Margin you take from them (annually or monthly) or addting as credit to your debt portion.
2. Any barriers such as to buy shares ( I came to know they won't allow to buy Commercial bank shares from this margin facility)
3. Interest rate ( 13% or less )
4. Online trading facility ( buy & Sell )

I came to know from HNB that they give Margin facility if your portfolio is more than 10million. I'm not sure for this and you can check that too.

5Margin Trading providers Empty Re: Margin Trading providers Sun Mar 27, 2011 9:37 pm

mark

mark
Expert
Expert
anyone knows how much credit in the market???...................... scratch scratch

6Margin Trading providers Empty Margin Trading providers Sun Mar 27, 2011 10:00 pm

Mrgeeth

Mrgeeth
Stock Trader
@mark wrote:anyone knows how much credit in the market???...................... scratch scratch
Hi mark,
I think that is depend on the broker's tolerance. i have no clear idea about the SEC rules about credit limit. However, I had online experience with two brokers. One broker was't allow much credit. If my credit is more than 30% of portfolio they will alert. Another broker was little bit relax. Some time I had margin about 50%. But still I didn't receive a single call from them.

7Margin Trading providers Empty Re: Margin Trading providers Wed Aug 17, 2011 9:42 pm

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Commercial Bank offered me margin trading at AWPLR+5%...

This comes to around 14.5%.

Is this on the higher side?

8Margin Trading providers Empty Re: Margin Trading providers Wed Aug 17, 2011 9:54 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
DFCC giving 12% to 14%

9Margin Trading providers Empty Re: Margin Trading providers Wed Aug 17, 2011 9:57 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Acuity Stock brokers also giving but no idea about the interest rate

10Margin Trading providers Empty Re: Margin Trading providers Wed Aug 17, 2011 10:03 pm

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Gaja wrote:DFCC giving 12% to 14%

My PF is around 1.6m....

Is DFCC also offering floating rate or fixed rate?

Why is Commercial rate is on higher side then?

Any way thanks Gaja...

11Margin Trading providers Empty Re: Margin Trading providers Wed Aug 17, 2011 10:07 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@san1985 wrote:
@Gaja wrote:DFCC giving 12% to 14%

My PF is around 1.6m....

Is DFCC also offering floating rate or fixed rate?

Why is Commercial rate is on higher side then?

Any way thanks Gaja...

Sometimes back one of my friend got the Margin for 1 million PF, they charge 14% at fixed rate, but not sure whether still they give it for 1 million PF, check with there head office.

And for most of the shares they gave 50%.

Commercial Bank may be high due to the floating rate

12Margin Trading providers Empty Re: Margin Trading providers Wed Aug 17, 2011 10:20 pm

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Gaja wrote:

Sometimes back one of my friend got the Margin for 1 million PF, they charge 14% at fixed rate, but not sure whether still they give it for 1 million PF, check with there head office.

And for most of the shares they gave 50%.

Commercial Bank may be high due to the floating rate

What do u think is the best way? going with floating or fixed??

I guess interest rates are expected to go down in the future right(this is what MR suggested, but actually rates should go up to control the increasing inflation right..)

BTW Com bank offer 50% for Milanka counters and 40% for others...

13Margin Trading providers Empty Re: Margin Trading providers Wed Aug 17, 2011 10:32 pm

dinusha.kiwulegedara


Senior Equity Analytic
Senior Equity Analytic
Hi all,

M working @ Com Bank .. We are offering Margin Trading Facility based on PLR + Margin. but this rate should be reviewing every month or three months ..( Probably One)

Good luck

14Margin Trading providers Empty Re: Margin Trading providers Thu Sep 01, 2011 2:05 pm

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@dinusha.kiwulegedara wrote:Hi all,

M working @ Com Bank .. We are offering Margin Trading Facility based on PLR + Margin. but this rate should be reviewing every month or three months ..( Probably One)

Good luck

U guys don't allow to do online tradingne.....So pathetic..

I was about to go with commercial bank....But without online trading no point...

Does anyone know where i can get MT with a portfolio value of 1.6M?

Help scratch

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