Looking for lowest delivery brokerage

#1
Hi Everyone

I am currently trading with religare, very good service every thing is
good from ledger to payout Its just awesome , the relation ship manager is also very good ,But as i am doing mosty stocks / nifty hedging

My brokerage at religare is already .005 intraday , and fno and .05 delivery
but the margins being what they are on one trade i have to pay sometimes
Rs 4000 in brokerage and another 500 in service tax on brokerage
so that is basically 9000 Rs buy sell both

So i have a few questions for the friends at Forum some help would be very much appreciated

1)can any one please suggest me any big broker who would charge me lesser then 5000 rs per crore brokerage in delievery trades

2) I would require software which updates every second like religare ODin
i saw Rk gloabl Odin ( though not among the big brokers ) it updates price every 5 seconds in nse and nifty

I HAVE MY OWN LEASED LINE FOR TRADING

3) The broker should be able to provide Margin against my stocks so i can trade in futures and options ( so again RK gloabal is ruled out ) as they do not provide margin to short nifty futures against stocks

4) I cant go with small brokers even though they have promised to open There branch in my office :clap: as my margin is fairly substancial and i think
the good night sleep is more important than saving few thousands

5) I would require aroung 5 times limit on my margin money always open so that limit is around 15 crores no if and buts in limit ever

ARE THERE ANY OPTIONS FOR ME I HAVE SPOKEN TO INDIA INFOLINE EDELWEISS INDIABULLS MF GLOBAL EVERY ONE IS READY TO MATCH
RELIGARE BUT NO ONE REDUCES IT

SMC have given me an option to take there franchise then they can go down to 250 - 300 per crore FNO and 1500 -2000 delivery but for trading my own account is it a good idea to take franchise

I WOULD REQUIRE TO CLEAR NCFM IN THAT CASE

HELP ME GUYS IS THERE ANY OPTION FOR ME OR I AM GOOD WITH RELIGARE . 30 % OF MY PROFITS IS GOING IN JUST PAYING DELIVERY BROKERAGE

Seeing all the appreciation i of zerodha i would have surely gone with them, but as they have some times margin issues , Also i can leave 20 -25 lacks with a fairly new broker but not 3-4 crore ( no offence to anyone or zerodha i love what you are doing for traders )

Help me every time i look at that contract note i see that i could have had a BMW on installments (which i dont have ) instead of paying delivery brokerage

MAYANK
 

anuragmunjal

Well-Known Member
#2
hi Mayank

I believe Smc has given u a good offer.. 1500 rs per crore on delivery is good..
I do not see any issues if u take up their franchisee.. ncfm certificates can be rented fr 1000 rs. per month.. if u have a good turnover, your broker wd provide u with these certificates on the above mentioned charge..

regards
 
#3
hi Mayank

I believe Smc has given u a good offer.. 1500 rs per crore on delivery is good..
I do not see any issues if u take up their franchisee.. ncfm certificates can be rented fr 1000 rs. per month.. if u have a good turnover, your broker wd provide u with these certificates on the above mentioned charge..

regards
man this is hilarious now we can rent certificates also though coming from a pro like you it must be true but then there are other things also sebi reg nse fno reg and what not i am just confused lets see
 

anuragmunjal

Well-Known Member
#4
man this is hilarious now we can rent certificates also though coming from a pro like you it must be true but then there are other things also sebi reg nse fno reg and what not i am just confused lets see[/QUOTE
]

hilarious?????

do you have an idea that 50% of franchisees open today are not even shown as franchisees in the broker's books.. they are shown as 'branches'.
I did not imply that Smc wd do this.. it was a generic statement...


ps. I think I am going too much into the underbelly of the brokerage industry... Mods.. if my posts are found inappropriate, pls remove them..

regards
 
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