feedback
TODAY'S FREE CALLS

FAQ's
HOW TO CONTACT LFSCOMMTRADE

1) FOR BACK OFFICE QUERIES

     EMAIL:- backoffice@lfscommtrade.com

     CONTACT :- 040-64647765

 

2) FOR ANY PAY IN PAYOUT

     EMAIL :-backoffice@lfscommtrade.com

                     sanjay@lfscommtrade.com

 

3) FOR ANY NEW APPLICATION

    EMAIL:- contactus@lfscommtrade.com

 

4) FOR EQUITY RELATED DEALING

    CONATCT:- 040-64627768

 

5) FOR COMMODITY RELATED DEALING

     CONATCT :-040-64627769

 

What are Tradable Commodities?

BULLION:- GOLD AND SILVER

SPICES:- PEPPER, RED CHILLI, JEERA, TURMERIC, CARDAMOM

METALS:- STEEL LONG, STEEL FLAT, COPPER, NICKEL, TIN, STEEL, ALUMINIUM, ZINC

ENERGY:- CRUDE OIL, NATURAL GAS, BRENT CRUDE

FIBRE KAPAS, LONG STAPLE COTTON, MEDIUM STAPLE COTTON

What is Net Position?

Net Position is the difference between total open long(receivable) and open short(payable) positions in a given assets(Security, Foreign exchange, Commodity etc..)

What is Commodity?
  • Something useful
  • Something valued
  • A valuable quality
  • Something that is beneficial
  • A commercial advantage
  • Something intended to be sold at a profit
  • A physical substance
  • Raw materials purchased by manufacturers to make other products
  • A good or service that can be readily exchanged or exploited within a market
  • There is also an archaic meaning: a quantity or lot of goods

 

What is Margin/Intraday trading?

In margin/intraday trading, if you place a buy order then you will have to place a sell order or vice versa sameday i.e, in the settlement cycle. You are required to close all your intrady positions prior to 20 minutes of market closure. LFSCOMMTRADE 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.

What does Short(or Short Position) Mean?

The sale of a barrowed security, commodity or currency with the expectation that the asset will fall in value.

In the context of Options, it is the sale(also known as "writing") of an Options contract.

What Does Long(or Long Position) Mean?

The buying of a Security such as stock, Commodity or Currrency, with the expectation that the asset will rise in value.

In the context of Options, the buying of an Options contract

Who is the regulator?

The exchanges are regulated by the Forward Markets Commission. Unlike the Equity Markets, Brokers don't need to register themselves with the regulator

The FMC deals with exchange administration and will seek to inspect the books of brokers only if foul practices are suspected or if the exchanges themselves fail to take action. In a sense, therefore, the commodity exchanges are more self-regulating than stock exchanges. But this could change if retail participation in commodities grows substantially.

what is a "Commodity Exchange"?

Like stock exchanges in capital markets, a commodity exchange is an association or a company or any other body corporate that is organizing futures trading in commodities. The new generation national level exchages have been set up in a corporized / demutualized environment. There are 3 nationally recognized commodity exchanges in India and 22 regional exchanges. The national exchanges are Multi Commodities Exchange of India(MCX) in Mumbai, National Commodities and Derivatives exchange of India and National Multi Commodities Exchanges.  

What is the meaning of "Futures Contract"?

Futures contract is an agreement between two parties to buy or sell a specified quantity and defined quality of a commodity at a certain time in future at a price agreed upon at the time of entering into the contract. This is typically traded at regulated commodity exchanges.

1