Pledging

What is Pledging?

Pledging allows you to use your existing securities (stocks, mutual funds, etc.) as collateral to receive margin for trading, primarily in the derivatives segment.

At Firstock, pledging is processed through the depository system (CDSL). Once you pledge eligible securities, margin is credited to your trading account.

Pledging Securities at Firstock

• Log in to your Firstock trading account.
• Go to Holdings > Pledge.
• Select the securities and initiate a pledge request.
• You’ll be redirected to the CDSL portal.
• Authorize the pledge via OTP sent to your registered mobile/email.

Deadline: Submit pledging requests before 5:00 PM IST to receive margin the next trading day. Requests on holidays are processed the next business day.

Selling Pledged Holdings

• If POA/DDPI is activated: You can sell pledged securities directly.
• If not activated: You must unpledge first to sell.
• Once a pledged security is sold, the collateral margin reduces accordingly.

Charges

No charges for pledging securities at Firstock.

Unpledging Process

• Log in to your Firstock account.
• Go to Holdings > Pledge > Pledged.
• Select the securities and click on Unpledge
• Enter the quantity.
• Click on submit.

Submit before 3:00 PM IST to unpledge by the next day (T+1). Sufficient balance must be available.

FAQs