Upstox now offers limit prices on cover orders
We’re kicking off 2017 by being the first discount broker to give you cover orders with limit prices. Now, you can initiate cover orders with a limit price instead of just a market price. Cover orders safeguard your position by adding a stop loss to your open position. They require less margin than a naked order because the system knows you are minimizing your losses with the use of a stop loss. Your risk is limited and your profit potential still remains the same.