SBIcap Securities: Currency Trading: Brokerage, Charges, Reviews: 2024

SBI CAP Securities is a leading security service provider in India. By using the platform one can easily trade in equities, derivatives such as commodity and currency, mutual funds, online IPOs, depositories, and so on. SBI CAP Securities offer a 3 in 1 account, which can be accessible 24/7 even in low bandwidth.

So now one of the essential questions arises here that if you can perform currency trading by using SBI CAP Securities or not? If yes, then how can you do the same? Which currencies are supported by SBI CAP Securities? If you are looking to find the answer to these questions, then this article is for you.

Can you perform currency trading in SBI CAP Securities?

The answer to this question is yes. Through SBI CAP Securities, anyone can trade in currency derivative contracts to hedge against currencies such as US Dollar, Euro, U.K. Pound, and Japanese Yen. To execute currency trading in SBI CAP Securities, you need to follow the below-mentioned steps.

Step 1: To do currency trading log into your account and navigate to the new order section under trade menu bar.

Step 2: To start placing an order in currency features, choose the option called "FUTCUR" from the drop-down. For currency options, choose the option called "OPTCUR" from the drop-down.

Step 3: Select the exchange as "CD" and enter the first few characters of the contract name and then select your preferred contract from the list of suggestions.

Step 4: Now select the date of expiry of your desired contract from the drop-down and click on "Go".

Step 5: The details of the contract will now appear on your screen. Now, here click on "Buy" to place a buy order or sell for placing a sell transaction.

Step 6: Now select your desired product as "Normal" or "Intraday" and select your desired order type as limit, market, SL-L, or SL-M.

Step 7: Enter the number of lots you wish to buy or sell in the quantity field and select the validity.

Step 8: Finally, click on "Buy" or "Sell" to trade currencies features or options.

This was about currency trading with SBI Cap Securities.

Conclusion

So now you have it. This is how you can perform currency trading in SBI CAP Securities. For any queries regarding the SBI CAP Securities currency trading free to comment down below.