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| Discuss Least Brokerage on Online Trading at the Brokers & Demat Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi All, I have traded through many brokers in past few years.All, have different brokerage ... |
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#1
28th October 2004, 02:15 AM
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Least Brokerage on Online Trading
Hi All,
I have traded through many brokers in past few years.All, have different brokerage rates, different way to charge their clients  ,I always tried to find a better solution for it and get the least brokerage charged on my transactions. Finally I have got a very good brokerage deal from one of the Online Broker.rk 
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#2
28th October 2004, 03:13 AM
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Re: Least Brokerage on Online Trading
rk but u forgot to mention the broker
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#3
28th October 2004, 08:13 AM
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Re: Least Brokerage on Online Trading
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#4
28th October 2004, 08:34 AM
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Re: Least Brokerage on Online Trading
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#5
29th October 2004, 12:02 AM
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Re: Least Brokerage on Online Trading
How about the spreads - do they vary from broker to broker? Lot of cheapo discount brokers in US advertize very low commisions like $7, but they make up for that by asking for market orders and giving slightly worse spread (difference between bid and asked)
-- Milind
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#6
29th October 2004, 09:43 AM
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Re: Least Brokerage on Online Trading
Quote:
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#7
29th October 2004, 02:40 PM
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Re: Least Brokerage on Online Trading
I doubt any broker in India is offering the sort of flat rate commissions that are common in the US.
Index options can be traded for 1-2$ apiece there. Here it is always a percentage of the underlying value and the cost works out to be extremely expensive. Here commission for an at the money option can cost 10% of the trade value while in the US it is negligible.
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#8
29th October 2004, 06:13 PM
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Re: Least Brokerage on Online Trading
True arprtrd, indian option brokers take us for a ride as far as brokerage goes, we are paying thro our nose without realising it, hope competition brings some fairness soon
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#9
29th October 2004, 07:04 PM
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Re: Least Brokerage on Online Trading
The reason why we pay such high brokerages on futures & options is because of the tax structure in our country. We have a transaction tax, a turnover tax, a service tax, etc which are all calculated as % of the total contract value.
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#10
29th October 2004, 08:02 PM
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Re: Least Brokerage on Online Trading
Quote:
Transaction tax is a recent phenomenon and is very low for derivatives. Service tax tax is 10 % of brokerage and not underlying trade value. I don't know about turnover tax rate. Anyway I think, the brokerage is way too high even net of taxes.
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