|FAQ's > Equity > Place an Order|
|1.||For whom is this facility available?|
|A.||This facility is available only for online trading customers.
|2.||Am I eligible for opening a trading account|
|A.||Any individual, Hindu undivided family (HUF), proprietary firm, partnership firm, or a company can open an account with Kotak Securities.com.
|3.||How do I open an account?|
|A.||It's simple! Apply Online, call our number 30305757 or visit our local branch.
|4.||What is the least amount of margin that I need to pay Kotak Securities to start trading?|
|5.||What are the different types of orders that can be placed on www.kotaksecurities.com?|
|6.||What is the procedure for placing Stop Loss Orders|
|A.||Stop Loss order can be placed while placing a fresh order as well as a square off order.
Basics of Stop Loss Order :-
Buy : Market Price < Trigger price < Order Price. (Trigger price entered should be greater than the market price)
Sell : Market Price > Trigger price > Order Price. (Trigger price entered should be lesser than the market price)
When the market hits the trigger price, the order is forwarded to the exchange and the same gets traded at a price between the Trigger price and the order price.
|7.||What happens in case my shares are short sold?|
|A.||At any point of time when the shares are short sold and the same are not delivered for the pay-in to the exchange, then the shares go in for auction wherein the shares are purchased on behalf of the client in the auction market and delivered to the actual buyer.
To carry on the auction procedure, 150% of the amount shall be blocked in your account. The same shall be reversed subject to the debit of the actual auction charges.
We request you to view the details in your ledger. The path is as follows:
Kotaksecurities.com -- Login to Trade -- My Account -- View My Ledger -- BSE/NSE.
Kindly note that you can also transfer the shares from some other demat account to your demat account with Kotak in order to adjust the shares for the pay-in. However, the shares should be transferred one day prior to the pay-in date before 3.30 p.m.