Best Brokerage house for Option Trading

pawasthi.investor · #1 9th July 2008, 09:27 PM

Hi All,

I am currently using Kotak and there are charges are way to high for option trading.Kotak charges Rs 100 or 2.5% whichever is minimum . I am a small trader and trade with just 1-2 lots, can anyone suggest me any other brokerage house with brokerage details.

Thanks,
Praveen

cchaturvedi2000 · #2 11th July 2008, 08:17 AM

RMONEY is the ans. Only 1 paisa not the % for every executed trade for any type of instrument i.e. Cash, FNO, Commodity etc.

learn2trade08 · #3 11th July 2008, 09:45 AM

sir but i heard orders in rmoney,orders hardly gets executed...
Please keep us informed

Quote:

Originally Posted by cchaturvedi2000

RMONEY is the ans. Only 1 paisa not the % for every executed trade for any type of instrument i.e. Cash, FNO, Commodity etc.

big_bull · #4 11th July 2008, 10:11 AM

I think u may opt for indiabulls. Please ask the charges for that.
The brokerage is less as compared to others.

pawasthi.investor · #5 3rd August 2008, 09:59 PM

I did some research and have a word with some brokerage houses for that. I finally found "Kotak super saver flat" , they are charging rs 9 for 1000 premium. I am about to change my account type to super saver flat.

It will be great if anyone who has used Kotak super saver flat" can share his/her views.

#6 3rd August 2008, 10:14 PM

Every broker can change the brokerage structure as per your trading volumes, SEBI only asks for the maximum brokerage a broker can charge a client but not the minium brokerage.
so if you are comfortable with your current broker, chat with him for reduced brokerage(you can also threaten him that u may move out of their brokerage house

they may reduce)
Rmoney is actually fast, no doubt in that, but the terminal is bad, very bad. It just doesn't update the ticks like your current application based terminal.
If you are a high volume trader say trading around 20lots per trade, i advise you to trade in Rmoney and watch the market in your current broker's terminal
thanks
y!msgr:nifty_trades

rkkarnani · #7 3rd August 2008, 10:14 PM

Quote:

Originally Posted by pawasthi.investor

Hi All,

I am currently using Kotak and there are charges are way to high for option trading.Kotak charges Rs 100 or 2.5% whichever is minimum . I am a small trader and trade with just 1-2 lots, can anyone suggest me any other brokerage house with brokerage details.

Thanks,
Praveen

Check out RKGlobal, they charge Rs.9/- per lot brokerage in FnO!!!

basudeo · #8 4th August 2008, 03:37 PM

Hi NIFTY OPTION TRADERS,

Reliance money is the cheapest specially for options trading. Open a/c with them and go for annual plan i.e. by paying 2500/-

"Fast trade" is working good and one can watch live quotes for single contract. So decide in advance the contract as 'nifty4000PE' etc, watch the quotes and trade through fast trade. In nifty options you have to pay average of 20/- that is only .40 paise*50.

Basudeo