In case of margin scrips which have a daily price band of (+ or -)20%, under broker square off mode, all the open buy positions will be squared off in case the last traded price on the Exchange crosses minus(-) 16% with respect to its previous trading day’s closing price and all the open sell positions will be squared off in case the last ICICIDirect brokerage is high and not negotiable. The brokerage can be brought down by subscribing to ICICIdirect Prime or prepaid brokerage plans. ICICIDirect doesn't offer commodity trading. With ICICI Trading account you cannot trade at MCX or NCDEX. ICICI Securities have plans to introduce commodity trading in near future. ICICIDirect Bullet Brokerage Plan also known as “Free Brokerage Plan from ICICI Direct”.This plan is valid on Intraday Margin plus Trades which are square off in 5 minutes.When you do intraday trade with Margin Plus product and close your position in 5 minutes, you don’t have to pay any brokerage. Intraday Trading (Margin Product), is for those customers who want to gain from the expected upward or downward movement in price of a stock during the day but have limited money.Margin product is the appropriate solution for such customers which gives leverage upto 5 times the allocated trading amount. This form will help you open an ICICIdirect Brokerage Account along with a Bank Account and one or more Demat accounts as required. . What is Margin Trading / Trading in Margin Segment at ICICIdirect.com? In margin trading, you take buy/sell positions in stock(s) with the intention of squaring off the position within the same settlement
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