ICICIDIRECT brokerage!! traderji and senior members pls explain.

tintin8801 · #1 31st December 2006, 01:17 AM

hello can traderji and other senior members please explain the brokerage structure of icicidirect.com?

icici charge 0.75%, for delivery, is it changed while buying and again fr selling at a later time? so it becomes ultimately 1.5%?!!
or is it just charged just fr buying? so it is 0.375%?

indiabulls/5paisa chargin 0.3%, i guess they charge when i buy and again when i sell, so total is 0.6(apprx)?? is that right?

more over icici do not have any dp transaction charges for buy or sell, while others have!!

so ultimately if keeping the minimum balance is not an issue, is icici a better deal?
please explain and corect me where am i wrong.

thanks and regards

Traderji · #2 31st December 2006, 07:57 AM

Read ICICIDIRECT Brokerage Charges for Resident Indians

ICICIDIRECT Brokerage Charges for NRI Investors

taunk22 · #3 31st December 2006, 10:47 AM

Hi
Icicidirect Is The Most Expensive 0.75% + Taxes. It Is Almost 0.85%.
If U R A Heavy Trader I Advice U Not To Trade In Icici.
India Bulls Or 5 Paisa Is The Cheapest Or U Can Go In For Reliance Money If They R Open In Your City.
Happy Tradering

tintin8801 · #4 31st December 2006, 11:20 AM

Quote:

Originally Posted by Traderji

Read ICICIDIRECT Brokerage Charges for Resident Indians

ICICIDIRECT Brokerage Charges for NRI Investors

i did go though that, but did not understand it fully, ....is it caclulated when buying and again on selling? or one time?it is not mentioned there!!

more over in one place it is written that DP and taxes are included in brokerage, in another place written, it was previously included, but now charged extra !!

pls explain.

tintin8801 · #5 31st December 2006, 11:39 AM

i have made some calculations , based on sum of Rs 10,000/- ;buy and sell.

FOR ICICI:
if brokerage on both selling and buying @.75% =
Rs 75(buy) + Rs 75(sell) = 150
plus
STT and service tax = ~.25%, so for both buying and selling =25+25 =50
icici bank has no transaction charges and nsdl fee is included in brokerage,

so total money i need to give on buying and selling = 150+50= 200

FOR 5 PAISA:
brokerage@.25% fr buy and sell = 25+25=50
plus
debit transaction charge(min)= 50
no charge fr credit transaction.
STT and taxes@.25 both buy and sell = 50
so total cost is 50+50+50=150

FOR INDIABULLS:

brokerge@.25 buy and sell = 25+25=50
transaction charge (sell) =7
no transaction charge fr buy
STT and taxes almost same =50

total= 107

but i dont know if 5 paisa and india bulls charge seperately fr nsdl/cdsl charges, which is included in icici brokerage!!

pls explain and corect me.

nareshji · #6 31st December 2006, 12:06 PM

thank you dear you are like my brother and doing lot of for people like who are putting primary steps in new share world

rajib333 · #7 31st December 2006, 01:11 PM

tintin, u r somewhat right. indiabulls is really cheap, also fortis is good in this respect.
reliance money is also giving cheap, for the specified amount the brokerage comes =Rs 60.
rajib.

tintin8801 · #8 31st December 2006, 02:44 PM

Quote:

Originally Posted by rajib333

tintin, u r somewhat right. indiabulls is really cheap, also fortis is good in this respect.
reliance money is also giving cheap, for the specified amount the brokerage comes =Rs 60.
rajib.

can u please give detailed structure, including acount opening and anual charges fr reliance?

milind857 · #9 31st December 2006, 03:41 PM

Friends,

I think we are forgetting Geojit.
I have recently open a demat account with Geojit. Though their delivery & intraday charges are little higher than Indiabulls(But Indiabulls needs volume a lot).
Which Geojit doesn't need.
There charges are as follows..

Delivery 0.30%

Intraday 0.03%

FnO 75 per contract + 10 Rs flat per trader for sell.

Another thing I heard is that their software is not good but I have decided to see quotes in Indiabulls & will make the transaction in Geojit.

Thanks,
Milind

rajib333 · #10 31st December 2006, 07:39 PM

please check the thread....
http://www.traderji.com/brokers-dema...t-r-trade.html

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