Acceptance of Terms
By accessing or using mytrade24, you agree to these terms and all applicable laws, regulations, and platform policies.
Account Responsibilities
You are responsible for safeguarding your account credentials and all activities performed under your account.
- Provide accurate account information and keep it up to date.
- Maintain the security of login credentials and connected devices.
- Notify mytrade24 immediately of suspected unauthorized access.
Permitted Use
You may use the platform for lawful market participation and analysis. Misuse, abuse, or disruption of services is prohibited.
- No reverse engineering or unauthorized automation that harms platform integrity.
- No market manipulation, unlawful activity, or policy-violating conduct.
- No misuse of another user's identity, credentials, or account access.
Risk Disclosure
Trading financial instruments carries significant risk and may not be suitable for all users. You remain fully responsible for your trading decisions, risk management, and financial outcomes.
Changes to Terms
We may update these terms to reflect legal, technical, or operational changes. Continued use after updates constitutes acceptance of the revised terms.
Square Off Rules
The following rules govern liquidation and order execution on mytrade24. Please review them carefully before placing any trades.
- Liquidation triggers at 70% MTM loss intraday. The account can be liquidated at any point above 70%.
- 100% holding margin is required to carry positions overnight. Insufficient margin may result in automatic liquidation.
- At liquidation, the position with the highest loss is squared off first.
- All orders, including Market, SL, and Limit orders, as well as liquidations, execute on BID-ASK prices. Chart highs/lows are not used for execution.
- Any dispute regarding liquidation or automatic square-off must be raised with Support within 15 minutes. Queries submitted after this period will not be considered.
Trading Terms & Conditions
The following conditions apply to all trading activity on mytrade24. Violation of these terms may result in trade reversal, account suspension, or termination.
- Scalping/Jobbing: Profits booked within 2 minutes are considered jobbing/scalping and may be removed.
- Group Trading: Group trading requires prior written permission.
- Software Glitch: Report any software glitch immediately with your ID. We will square off your position at CMP upon receipt of the message.
- Payouts: Payouts may be delayed due to banking issues. Please be patient while such issues are resolved.
- VPN: Trading via VPN is strictly prohibited. Trades placed via VPN may be deleted.
- Margin Maintenance: Hold positions only up to the available margin. Maintain adequate margin to avoid partial liquidation.
- Dividends/Bonus: Stock positions eligible for dividends or bonuses must be squared off one day before the ex-date, otherwise they may be automatically closed.
- Account Inactivity: Accounts inactive for 7 days will be locked. Contact Support to request account unlocking.
- Same IP / Cross Orders: Cross orders and same-IP multi-ID trading are strictly prohibited. Profitable trades may be removed without notice.
- Option Selling Only: Accounts exclusively trading option selling will be terminated after the total payout.
- Negative Balance: We protect against negative balances. The step-out level is 30%. Any negative balance beyond this level will be waived off.
- Account Security: Account security is the client's responsibility. The company is not liable for unauthorized transactions resulting from password sharing.
- Order Execution: Limit, SL, and TP orders execute based on bid-ask prices, not LTP. Orders may fill above the high or below the low, or may not fill despite price movement.
- Software Issues: During software issues, only open positions will be closed. New positions that could not be opened will not be processed.
- Chamka / Insider: Chamka, lines, and insider trades are not acceptable.