We offer comprehensive services that help you make informed decisions and achieve your financial goals.

Office Address

Karnataka, Bangaluru 560076

Phone Number

+91919039307672

Email Address

info@mtradestocks.in

Terms & Conditions

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TERMS AND CONDITIONS


This page contains important information regarding the terms and conditions which apply to your trading and demat account with M-Trade Stocks, (hereinafter referred to as M-Trade Stocks).

The Terms & Conditions given below are in favor of the Client, and we expect that the Client will follow the same for better understanding and security. This is the sole responsibility of the Client that he/she should be aware of all the given circumstances and follow the advice given therein.

ORDERS

All orders for purchase, sale, or other dealings in securities and other instructions routed through the M-Trade Stocks’s Online Trading System via the Client’s Username shall be deemed to have been given by the Client.

The client agrees to provide information relating to customer user identification number, and such other information as may be required while placing orders on the telephone to determine the identity of the client.

The orders and instructions and all contracts and transactions entered into pursuant thereto and the settlement thereof will be in accordance with the Exchange/SEBI Provisions.

The client agrees M-Trade Stocks may impose scrip-wise surveillance or such other conditions as to scrip-wise limits, etc. The client also understands that M-Trade Stocks may impose various surveillances which may differ from client to client on the basis of the M-Trade Stocks’s risk perception and other factors considered relevant by M-Trade Stocks.

TRADING, SETTLEMENT, AND ACCOUNTS

The client agrees that all orders placed through the website shall be forwarded by the system to the Exchange. All orders placed otherwise than through the website shall be forwarded by the system to Exchange terminals or any other order execution mechanism at the discretion of M-Trade Stocks. In the event that the order is placed during the trading hours, it shall be routed to and executed on the market system.

Online confirmation will be sent to the client by electronic mail or SMS after the execution of the order, trade and this shall be deemed to be valid delivery thereof by M-Trade Stocks. It shall be the responsibility of the client to review immediately upon receipt, whether delivered to him by electronic mail or any other electronic means all confirmations of order, transactions, or cancellations. It shall be the responsibility of the client to follow up with M-Trade Stocks for all such confirmations that are not received by him within a stipulated time.

The client shall bring any errors in any report, confirmation, or contract note of executed trades (including execution prices, scripts, or quantities) to M-Trade Stocks’s notice in writing by electronic mail, SMS, or telephone within twenty-four hours of receipt of the concerned report, confirmation, or contract note. Any other discrepancy in the confirmation or account shall be notified by the client to M-Trade Stocks in writing via electronic mail or SMS or telephone within twenty-four hours from the time of receipt of the first notice. In all cases, M-Trade Stocks shall have a right to accept or reject the client’s objection.

M-Trade Stocks may, at its sole discretion, reject any order placed on the website or in any other manner due to any reason, including but not limited to the non-availability of funds in the trading account of the client, non-availability of securities in the Demat account of the client with a designated depository participant, insufficiency of margin amount if the client opts for margin trading, suspension of scrip-specific trading activities by or on an Exchange, and the applicability of a circuit breaker to a scrip in which orders are placed.

The client is aware that the electronic trading systems either at the Exchange or in the office of M-Trade Stocks are vulnerable to temporary disruptions, breakdowns, or failures. In the event of non-execution of trade orders or trade cancellation due to the happening of such events or vulnerabilities due to failure/disruption/breakdown of system or link or any reason which relates to technical failures, M-Trade Stocks shall be entitled to cancel relative request(s) with the Client and shall not be liable to execute the desired transactions of the client. In such event, M-Trade Stocks does not accept responsibility for any losses incurred or that may be incurred by the Client due to such eventualities which are beyond the control of M-Trade Stocks.

The client agrees to abide by and be bound by all the rules, regulations, and bye-laws of the Exchange/SEBI, as are in force pertaining to the transactions on his behalf carried out by M-Trade Stocks and the orders placed by him on the website or in any other manner.

M-Trade Stocks may allow/disallow the client from trading in any security or class of securities, or derivatives contracts and impose such conditions including scrip-wise conditional trading for trading as it may deem fit from time to time.

POSITION SQUARE OFF

Please square off all your open Margin / Intraday positions (Placed with Margin & Intraday Product) in all segments before 30 minutes of market closing, or otherwise they will be squared off automatically at any time before 30 minutes of closing of the market. We shall attempt to close the Margin positions that are still open after the above time, but we cannot guarantee complete Square off. In view of the above, we cannot be held responsible for any losses or auction losses arising from the Intraday Margin positions that could not be squared off by the end of the day.

If you are trading offline, please instruct your Dealer about 'Margin' or 'Delv' in EQ segment and ‘Intraday’ or ‘CarryForward’ in the Future segment while placing an order offline. All trades placed with 'Margin' or ‘Intraday’ product will be squared off automatically before 30 minutes of market closing in the respective segment. In case of specific instructions not received by the client, all orders will be treated in general, as for intraday and placed with margin product, and in some cases, it will be deemed to be the 'Carryforward' as per the discretion of M-Trade Stocks.

Please Note: Intraday Margin Positions (Margin/Intraday) can be converted to Delivery (Delv - Cash Segment) or (CarryForward - In Derivative Segment) before 30 minutes of market closing.

MARGIN

The Client agrees and undertakes to immediately deposit with M-Trade Stocks such cash components, securities, or other acceptable security, which M-Trade Stocks may require as margin. The Client agrees that M-Trade Stocks shall be entitled to require the Client to deposit with M-Trade Stocks a higher margin than that prescribed by the Exchange/SEBI. M-Trade Stocks shall also be entitled to require the Client to keep permanently with M-Trade Stocks a margin of a value specified by M-Trade Stocks so long as the Client desires to avail of the Online Trading Service of M-Trade Stocks.

The Margin will not be interest-bearing. M-Trade Stocks shall have, at its sole discretion, the irrevocable right to set off a part or whole of the Margin i.e., by the way of appropriating the relevant amount of cash or by sale or transfer of all or some of the Securities which form part of the Margin, against any dues of the Client or of a member of the group of the Client (for the purposes of these Terms, "Group" shall mean all the individuals, group companies, firms, entities, and the persons as specified in the schedule to the Member Client Agreement) in the event of the failure of the Client or a member of the Group of the Client to meet any of their respective obligations under these Terms. M-Trade Stocks may at its sole discretion prescribe the payment of Margin in the form of cash instead of or in addition to the margin in the form of securities. The Client accepts to comply with the requirement of M-Trade Stocks with regards to payment of Margin in the form of cash immediately. Without prejudice to the stock broker's other rights (including the right to refer a matter to arbitration), M-Trade Stocks shall be entitled to liquidate/ close out all or any of the Client's positions for non-payment of margins or other amounts, outstanding debts, etc. and adjust the proceeds of such liquidation/ closeout, if any, against the Client's liabilities/ obligations.

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