Cover Order


CO_BG

High leverage and limited losses

A 2-in-1 order type that lets you place a buy/sell order along with a stop loss order to limit your losses, all in one go. Moreover, the margin required for a transaction is low since your loss is already capped.

Key Benefits of Cover Order

 

StocpLoss

Discipline

Helps minimize losses as placing a stop loss order is compulsory.


HighExposer

Higher Leverage

With reduced risk, avail high leverage with minimum margin requirement to trade.

Profit&Loss

Limited Risk & Max Profit

Due to the inherent way CO works, it provides better control over risk management.


BracketOrder-1

Keep Calm

With the stop loss order already placed, tracking the markets is easy since the worry of suffering a huge loss is eliminated.

Cover Order - Product Specification

Sr.No Particulars Cover Order
1 Suitable for Day Traders
2 Maximum exposure allowed Varies from stock to stock
3 Count of scrips
247
4 Futures allowed Nifty, Bank Nifty and Futures stocks
5 Options allowed Allowed
6 Auto square-off time 3:10 PM
7 How to enable? Enabled for all customers by default
8 Additional charges No

How does Cover Order Work?