Yes, you can modify or cancel an order any time before execution. You can do this by accessing the Order Book page where you have the option to modify or cancel the order. You would not able to modify or cancel order if order has been sent to exchange & confirmation is awaited.
Yes, you can submit a Cheque but buying limit would be provided to your trading account once the same is cleared & confirmed by the bank.
Yes, you can transfer funds online. There are 21 banks available on trading portal through which you can instantly transfer fund to your trading account if you have bank account with any of the mentioned banks. You need to register bank account, in your name, with us for availing this facility and multiple banks can be added. For list of available banks
You get instant trade confirmation on your trading portal. Apart from this, a soft copy of Contract note is sent to your registered mail id. You will also receive an SMS of your net obligation, at the end of trading day, if you have provided us your mobile number. You can also check your online back office, round the clock, to track trading done by you.
Once account is opened, MLB dispatches a welcome kit to its customers which contains Welcome Letter. so that you do not face any problem while operating your trading account.
MLB also provides Call-N-Trade services to its customer so that customer can place order if he/she does not have access to internet.
It takes normally 2-3 working days to open an account provided documents submitted are in order.
You can trade on NSE, BSE, MCX, NCDEX and on single platform
At SMC, we are always happy to help our customers. You can contact our online helpdesk by any of the following ways
Mail us: firstname.lastname@example.org
Call us : (011)-45060600
* Available from 08:00 a.m. to 07:00 p.m. from Monday to Saturday.
It is very simple! Just choose from below mentioned options to contact us
Yes, it is compulsory to have demat account with us for Internet Trading.
To open an account, following documents are required to be submitted along with filled up client registration form: For Individuals
Proof of Address
Bank Account Proof
For Proprietorship Firm
Delivery Trading is basically delivery based trading wherein 100 percent Funds / Shares are blocked at the time of placement of the order. i.e. if you want to buy shares you should have the entire amount of funds in your cash limit and if you want to sell shares the same should be available in your demat account. For sell positions, your trading limits will be increased immediately with the sell trade value. This will enable you to take further positions in the market
In Margin trading / Intra day trading, if you place a buy order then you will have to place a sell order or vice versa same day i.e. in same settlement cycle. You are required to close all your intraday positions prior to 15 minutes of market closure. MLB may square off, whenever it is applicable, 20 minutes prior to normal market closing. You can also convert margin orders to delivery if you have sufficient buying power available in your trading account.
Login related problem can arise due to following reasons
If you have checked above points then call online customer care for help.
When the margin position is closed out (either by squaring off or converting to delivery), the proportionate margin blocked on the position so squared off is released back and added to the limits.
Any individual, HUF (Hindu Undivided Family), proprietary firm, partnership firm or a corporate can open online trading account with MLB