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| Discuss Option Brokerage at the Brokers & Demat Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; For option trading Reliance Money charges............Rs 00.01 per lot Rk Global................................Rs 09.00 per lot Geogit...................................Rs ... |
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#1
29th October 2007, 11:53 PM
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Option Brokerage
For option trading
Reliance Money charges............Rs 00.01 per lot Rk Global................................Rs 09.00 per lot Geogit...................................Rs 75.00 per lot Icici direct.............................Rs 95.00 per lot OTHERS CHARGING 1% ON PREMIUM. Is any other broker charges a fixed amount for option trading? members of this forum please throw a light. Thanks in advance. Last edited by jaypee; 29th October 2007 at 11:57 PM. Reason: kkk 
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#2
27th February 2008, 11:42 AM
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Re: Option Brokerage
My indiainfoline charges me 1% on premium or Rs. 100 per lot, which ever is higher.
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#3
27th February 2008, 11:49 AM
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Re: Option Brokerage
Just a note: Reliance Money charges you on turnover. Take the Rs. 2500 option - they charge you Rs. 2500 per year for about 6 cr. turnover.
For a Nifty 5000 option - lot size is 50 so 2.5 lakh turnover happens. For this you pay 0.01 brokerage, but the amortised prepaid amount is Rs. 10.5 per Nifty lot. Obviously this changes depending on lot size and option strike price (a Nifty 6000 strike price will cost more proportionately) On all options you will pay Turnover tax and stamp duty (about 0.005% or so?) and on the selling leg you will pay 0.017% STT.
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