Margin Calculator- The Best Review
What is Margin Calculator: The margin calculator, helps you to compute the margin (capital) required for initiating a trade in the equity/derivatives/commodities/currency segments before actually taking the trade. Almost all brokers have given a link of margin calculators on their website for their clients to calculate the investment required for their trade. Here we will review the top margin calculators the brokers are offering.
Top 5 Stock Market Margin Calculators Review
Fyers Margin Calculator
While reviewing the top 5 stock market margin calculators, we found Fyers Margin Calculator is the best. Most of the calculators calculate on the previous day’s closing price but in Fyers it calculates on the live price, and this is the best part. You can also see the live price on the table along with the span, exposure details.
It is very easy to find out the amount required for your investment in one click. At the top of the page, you will also come to see the scrip that is banned on that day. So whenever you want to find out the margin requirements for your investment you can check out the Fyers margin calculator, its free, if you are not a Fyers client, still you can access it.
Samco Margin Calculator
As per research, Samco Margin Calculator comes in the second position. The calculator is good but we have given a second position because the live market price is not showing in the software. Though the calculation is based on live market price, the rate is not shown in the tool.
This is one of the first trading tools in India that let you calculate comprehensive span margin requirements for option writing/shorting or for multi-leg F&O strategies while trading equity, derivatives, commodities, currency before taking a trade. It has also given examples of the margin requirement of the popular hedge strategies below their calculator for your reference. Just check out the Samco margin calculator here, no log-in is required for that.
Margin Calculator Zerodha
The Zerodha margin calculator is the first online tool in India that the investors from various broking houses used to visit to calculate the capital requirements for their investment. It helps to calculate the comprehensive margin requirements for option writing/shorting or for multi-leg F&O strategies while trading in equity, derivative, commodities, and currency.
The list of securities ban is given on the top of the calculator. The calculator is very easy to operate and you can access it without log-in. The equity segment margin calculation is very easy, you need to pay a 20% upfront margin of the transaction value to trade in the cash market segment as per the changes made by SEBI last year.
Upstox Margin Calculator
The Upstox margin calculator is used widely among stock market traders. But It calculates based on the previous day’s closing price, not on live price. Secondly, when we wanted to know the margin requirement of one lot of Nifty it shows less than others, only span margin calculated, which is not correct. The other broker is charging span plus exposure as per SEBI requirement.
The tool is beautifully designed and easy to operate, you need not have to open an account with Upstox to use the margin calculator tool. You can clarify with Upstox, if they are charging only Span, then you can also trade with lesser capital investment, Upstox is a good discount broker.
Alice Blue Margin Calculator
The Alice Blue Margin Calculator is also widely used by investors. We have kept it in the fifth position because the margin is calculated on the old prices, not even on the previous day’s closing, maybe on the previous week’s price. That is the reason that their margin for one lot of nifty is showing higher than others.
We have not found the tool user-friendly. It’s basically a scrip margin file from where you can get the margin requirement in each scrip. In options only Nifty and Bank Nifty options tools are available.
Conclusion
All the above margin calculators mentioned above are top tools used by traders. Some tools are updated one and some need to be updated. We have analyzed the above tools as laymen and pointed out some benefits over others. Hope this review will help you to make a better decision, which margin calculator to use for stock market trading. We have also mentioned our choices which are the best and would like to inform you that we are not an affiliate with any of the above Brokers.
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