Margin is when a broker provides you with more purchasing power than what is available in your account. The terms "margin" and "exposure" are often used interchangeably. If a broker offers "2x exposure," it is essentially providing "50% margin."

For example:

Let's assume you have ₹10,000 in your trading account, and your broker is providing you with a 50% margin (2x exposure) on Equity Intraday. This means that if you intend to place a trade worth ₹10,000, and the Exchange requires the full ₹10,000 from the broker, only 50% of the trade value (i.e., ₹5,000) would be debited in the transaction. However, it's crucial to exit your Intraday position by the end of the trading day.

Many brokers stipulate a "minimum" or "initial" margin, indicating the minimum amount to be maintained in the trading account.

For example:

A broker might set an initial margin requirement of ₹10,000, signifying that you must maintain at least ₹10,000 in your trading account at all times.

Brokers can provide different levels of exposure for various segments of products.

Order type	Applicable margin on Equity
Intraday order	Upto 5x
CO/OCO order	Upto 5x
Margin Trading Facility (MTF)	Upto 4x
Note: We don't provide any margins for rest of the segments.

** Index and stock futures

Index and stock option sell

NSE Currency Futures

MCX Futures