MyEtrade - Single Screen Trading | Demat Account (2024)

● Desktop Application - https://bit.ly/3nl7n4T
● Mobile App
oAndroid - https://bit.ly/2KL0icJ
oIOS - https://apple.co/38S204V
oWeb Trading - https://bit.ly/WebTrading

You can place your order through Call & Trade facility with a dedicated and exclusive relationship manager assigned to you by calling following numbers:

+91 22 6836 3904

+91 22 6836 3760

+91 22 6273 5568

*Call & Trade charge Rs 25/- per executed order.

Bonanza MyEtrade trading Account allows following leverages to trade:

●Intraday Cash Market - 4 Times

●Intraday Equity Derivatives - 2 Times

●Intraday Currency Derivatives - 2 Times

●Intraday Commodities Derivatives - 2 Times

●Delivery, Option Selling & Carry Forward Trades - As per Previous EOD Ledger Balance

●System Square Off threshold - @70% of M2M

●Intraday System Square Off time - 15 Minutes Prior to the closing of the Market

Your Bonanza MyEtrade trading Account offers two options for brokerage:

A.Brokerage Option One

You can trade in all segments with MyEtrade by paying a flat brokerage of Rs 18/- per executed order irrespective of the trade volume. Whether you trade for Rs 10,000 or 10 crores Bonanza will charge you only Rs 18/- per executed order.

B.Brokerage Option Two

You may pay segment wise brokerage rates which are as follows:

Securities / Commodities transaction tax is levied by the government when transacting on the exchanges. Charged are levied on both buy and sell sides when trading in equity delivery but only on selling side when trading intraday or in Equity and Commodity Derivatives.

It is to be noted that as per the calculation STT / CTT can be more than the brokerage.

Transaction / Turnover charged are levied by exchanges (NSE, BSE, MCX) on the value of your transactions.

BSE has revised transaction charges in XC, XD, XT, Z and ZP groups to Rs.10,000 per crore w.e.f 01.01.2016. (XC and XD groups have been merged into a new group X w.e.f 01.12.2017)

BSE has revised transaction charges in SS and ST groups to Rs.1,00,000 per crore of gross turnover.

Goods and Service Tax (GST) is levied by the government on the services rendered. It is 18% of (brokerage + transaction charges).

Stamp charges are levied by the Government of India as per the Indian Stamp Act of 1899 for transacting in instruments on the stock exchanges and depositories.

You may use either of the following options to buy or sell an instrument:

Option 1

Across the website, you will see a ‘Buy/Sell/Trade’ button placed against various instruments. Click on the button to initiate your transaction. It will ask you for your login credentials if you are not logged in already.

Option 2

●Step 1: Login to your account

●Step 2: Click on the ‘Buy/Sell’ link in the menu

●Step 3: Search for the instrument or scheme you wish to order for

●Step 4: Select ‘Buy’ or ‘Sell’, enter the Quantity, Price, Product Type, Order, and other details to place your order

Delivery

Delivery product, this is an order type where you will need to pay 100% of the stock value to trade, with the intention to get delivery of shares in your Demat account.e.g.: If you wish to buy 100 shares of Company X at a rate of Rs. 950 per share, you will need a cash balance of Rs. 95,000. The shares, once bought, will be credited to your Demat account within 2 days from the date of purchase.
Note: This product type is applicable only in the cash segment (equity and debt).

Intraday

An ‘Intraday Order’ is an order type wherein the buying and selling of stocks happens on the same day, giving you the advantage of price fluctuations in the market during the day’s settlement cycle. Advantage is of higher exposure limits, where you pay a margin as low as 10% on the stock value to place the trades. The extended trading limit depends on the stock held in your Demat account, and you can find the list of stocks and respective exposure for each stock in the ‘Equities’ tab of the trading section.
In case you don’t square-off your trades before 3:15 pm on the same day, our systems will automatically square-off the position post this time on the same day.

A Limit Order is an order to buy or sell a stock at a specific price. A Buy Limit Order can only be executed at the limit price or lower, while a Sell Limit Order can only be executed at the limit price or higher. A limit order is not guaranteed to execute.

An Immediate or Cancel (IOC) order allows a trading member to buy or sell a security as soon as the order is released in the market, failing which the order will be removed from the market. A partial match is possible for the order, and the unmatched portion of the order is cancelled immediately.

A Day Order is an order to buy or sell a security that automatically expires, if not executed on the day the order was placed. A day order is an order that is good for that day only.

An AMO is a type of order which is placed by the investor when the market session is closed. This order gets placed on the exchange at the opening of the next market session.

Note: Timing to place an AMO is between 5:00 pm and 9:00 am for NSE, NFO and Currency segments.

You can get deep insights into markets with a dedicated section for Equities Derivatives as well as Commodities. Get information such as Market Map, Top Gainers & Losers, Most Active, 52 Week High & Low, Volume Buzzers, FII DII Flows, Sector Performance, Roll Over Analysis, Option Chain, etc. With Event Calendar you can also track upcoming results, corporate actions and economic events.