Hi Team,
I’ve opted-out of Nominee declaration.
Will we able to trade without any issues?
I’m asking this because other brokers like Upstox is not allowing to square-off an open position if Nominee is not declared. This is nightmare for a big quantity scalper.
Checkout video - https://twitter.com/Ajayshajis/status/1698915437084610878?t=IAkLAyoDChmvzNXu70miqA&s=19
Kindly provide assurance on trading eligibility if somebody has opted-out of nominee declaration.
Hi @pratik01 Can’t comment on other broking platforms processes. I have addressed this some other thread recently, these are KYC rejections where accounts are made inactive by exchanges as per their KRA status.
Not letting close the existing position is like throwing someone out of a moving train on finding that the person doesn’t have a valid ticket! And, ignoring the question how the person on boarded the train!!
Yes, we have raised this with the Exchanges, and so have many other brokers as we understand.