1)
What is Internet Trading?
Ans:
Internet Trading refers to buying and selling of shares through internet.
That is, the person wishing to transact need not get in touch with
the broker personally or through the telephone; instead he/she transacts
online through the brokers` website.
2)How
can I trade online?
Ans: Any body willing to transact online needs to open an internet
trading account with FCSL. After that, he/she can trade online through
our site fcslindia.com
3)Who
can open an Internet Trading Account with FCSL ?
Ans: Broadly speaking, anybody who gives consent to the mutually
agreed terms and conditions can open an Internet Trading Account
with FCSL.
4)
What are the salient features of the Internet Trading Account of
FCSL?
Ans:
- You
can do both delivery-based and squaring-off transactions
- An
initial margin as mutually agreed upon needs to be maintained
with the company; any further mark-to-market margin can be deposited
as and when required.
- You
are entitled to waiver of A/C opening charges for your Dmat A/c
opened with FCSL
5)
How will I make/receive the payments?
Ans: Payments can be made by way of a/c payee cheques drawn in favor
of " Frontline Capital Services Ltd.". Similarly you can receive
your payments by way of a/c payee cheques.
6)
How will be the gross exposure limit calculated?
Ans: Your exposure limit depends on the amount of initial margin
and additional margin deposited in the account.
That
is, if your margin amount is Rs. 100,000, you are entitled to an
exposure of Rs.100,000 * 3 = Rs.300, 000
[ 3
being the limit multiplier]
7)
Will carry-forward facility be allowed?
Ans: Carry-forward facility wont be allowed initially.
8)Will
short - selling be allowed?
Ans: No, you cannot do short-selling.
9)
On which exchange can I trade?
Ans: You can transact on NSE.
10)
Can I trade in physical shares?
Ans: No, trading in physical shares is not permitted.
11)
Can I cancel / modify my orders?
Ans: Yes, you can always cancel / modify your orders as and when
you wish to.
12)
How will I get the confirmation?
Ans: All the details such as any modification, cancellation, outstanding
trades and executed trades can be viewed through your log file on
the web-site itself.
13)
How can I open an Internet trading account with FCSL?
Ans: You need to visit our office. Our executives would be more
than willing to guide you through all the formalities.
