Initial margin to open a trading account
There is no initial margin requirement with Upstox. When you open an account with Upstox, unlike most other brokers there is no minimum margin requirement. You can choose to transfer any amount of funds in your account. The amount that you transfer will be used for margin for trading purposes only. However it is advisable that you keep adequate funds in your account for trading. This will enable you to trade on the go and ensure that you don’t miss out on even the slightest of the market opportunity.
What is Initial Margin?
It is the part of the price of securities that can be bought on margin. It is the amount that an investor must pay for from her own cash. Another well-known term is initial margin requirement.
Learn more about the kinds of margins Upstox provides here.