Brokerage Charges

#1
Hi all,
I own the indiabulls online demat and trading account.
Please let me know the brokerage charges I am paying are more.
IB charges 10 paise for intraday and 50 paisa for delivery.
I think I am paying the more brokerage.Most of the time my profit goes in brokerage. Please put your brokerage charges. Also how to negotiate over the brokerage.
 

nac

Well-Known Member
#2
Hi all,
I own the indiabulls online demat and trading account.
Please let me know the brokerage charges I am paying are more.
IB charges 10 paise for intraday and 50 paisa for delivery.
I think I am paying the more brokerage.Most of the time my profit goes in brokerage. Please put your brokerage charges. Also how to negotiate over the brokerage.
Yeah you are paying too much. IB's standard brokerage is 5 paise for intrad day. Why do you pay 10 paise. And delivery (50 paise) is a standard brokerage. I am using RKG and paying fixed brokerage. And in IIFL I am paying 2.5 paise for intra day and 25 paise for delivery
 

nac

Well-Known Member
#4
Hi nac,
5 paisa is for both for selling and buying or individually.
I said 2.5 paise not 5 paise.

For eg. If I buy 1 lakh worth shares and sell it (1lakh) before the day close. My total brokerage for both buying and selling (total turnover of 2lakh) would be Rs. 50/- plus service tax....
 

alroyraj

Well-Known Member
#5
I said 2.5 paise not 5 paise.

For eg. If I buy 1 lakh worth shares and sell it (1lakh) before the day close. My total brokerage for both buying and selling (total turnover of 2lakh) would be Rs. 50/- plus service tax....
Hey nac he is talking about himself...

Hi all,
I own the indiabulls online demat and trading account.
Please let me know the brokerage charges I am paying are more.
IB charges 10 paise for intraday and 50 paisa for delivery.
I think I am paying the more brokerage.Most of the time my profit goes in brokerage. Please put your brokerage charges. Also how to negotiate over the brokerage.
In Indiabulls someone (netman) got 0.02% at Bangalore and at Chennai its available for around 0.01%. It depends on the RM and varies widely depending on their targets.