Suppose a broking firm charging the margin of Rs. 10000 and a person hav only 10000 to invest then can he invest? if yes then whether the margin money is refundable or not?
2 Replies
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. )
(9017 Points)
Replied 01 January 2009
Dear Manish
A broking firm usually allowed for a trading upto 5 times of margin money.. if your money is exceeded that amount u need to pay for maintain the margin
shailesh agarwal
(professional accountant)
(7642 Points)
Replied 02 January 2009
i think here real problem should be asked not imaginery problems
any way a am agree with amit -when you open a real account in broker you can see that same fact as amit is saying
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