Pledging
What is Pledging?
Pledging allows you to use securities you already own (such as stocks or mutual funds) as collateral to receive additional margin for trading, primarily in derivative segments.
At Firstock, pledging is smoothly managed through the Central Depository Services Limited (CDSL). Once your securities are pledged, the margin is instantly credited to your trading account.
How to Pledge Securities at Firstock
- Log in to your Firstock trading account.
- Navigate to Holdings > Pledge.
- Select the securities you wish to pledge and submit your request.
- You will be redirected to the CDSL portal.
- Authorize the pledge by entering the OTP sent to your registered mobile/email.
After successful authorization, the margin will be instantly credited directly to your trading account.
Selling Pledged Securities
- You can directly sell your pledged securities without needing to unpledge them.
- Upon selling, your available collateral margin will reduce accordingly.
How to Unpledge Securities
- Log in to your Firstock account.
- Go to Holdings > Pledge > Pledged.
- Select the securities you want to unpledge.
- Enter the quantity you wish to unpledge and click Submit.
Charges
- Firstock does not charge for pledging or repledging securities.