Is this fair from Angel

gourav_s

Active Member
#1
Hi guys,

I recently opened account with angelbroking, with Rs.25,000/- they offered me 0.025 % brokerage.

i traded a few time but i did not calculated, how much they charged me(brokerage/taxes).

today i traded minifty short 40 @ 5645.45 and bought 40 @5640.
with this the total trade amount was Rs.4,51,418/-. and brokerage would be Rs.112.86. so the profit was 40 x Rs.5.45 = Rs.218, so after brokerage i should be left with Rs.105.14, i logged into angel backoffice website to see how much taxes etc. they charged me, then i saw all i was left with was Rs.58.53 as proft.

screenshots of the trade and angel backoffice:


Uploaded with ImageShack.us



Uploaded with ImageShack.us


Uploaded with ImageShack.us

i got trade sms : which says that i bought 40 at 5640 and sell at 5646.

now is this fair :(
 

gourav_s

Active Member
#4
@umeshmandal @meherp
thanks for your reply

In the trades window and in the sms i got, it says bought at 5640 and sell 5646 and in order book it says sell 5645.45 ,in backoffice window it says buy at 5641.41 and sell at 5644.59. so what was the exact price at which my order went through the exchange.

i realise that in backoffice window is showing price after taking their brokerage.

do you guys have account with angel if so, what is your brokerage?
if not any suggestions.

thanks
 
#5
hi, better u talk with ur broker for difference in sms and back office statement..
All d best!
@umeshmandal @meherp
thanks for your reply

In the trades window and in the sms i got, it says bought at 5640 and sell 5646 and in order book it says sell 5645.45 ,in backoffice window it says buy at 5641.41 and sell at 5644.59. so what was the exact price at which my order went through the exchange.

i realise that in backoffice window is showing price after taking their brokerage.

do you guys have account with angel if so, what is your brokerage?
if not any suggestions.

thanks
 

rkkarnani

Well-Known Member
#7
@umeshmandal @meherp
thanks for your reply

In the trades window and in the sms i got, it says bought at 5640 and sell 5646 and in order book it says sell 5645.45 ,in backoffice window it says buy at 5641.41 and sell at 5644.59. so what was the exact price at which my order went through the exchange.
i realise that in backoffice window is showing price after taking their brokerage.

do you guys have account with angel if so, what is your brokerage?
if not any suggestions.

thanks
One can Register on NSE Site to Verify the Transaction and the Rate at which it was traded.
Try this link : http://www.nseindia.com/tv
 

VijayDT

Active Member
#9
Hi guys,

I recently opened account with angelbroking, with Rs.25,000/- they offered me 0.025 % brokerage.

i traded a few time but i did not calculated, how much they charged me(brokerage/taxes).

today i traded minifty short 40 @ 5645.45 and bought 40 @5640.
with this the total trade amount was Rs.4,51,418/-. and brokerage would be Rs.112.86. so the profit was 40 x Rs.5.45 = Rs.218, so after brokerage i should be left with Rs.105.14, i logged into angel backoffice website to see how much taxes etc. they charged me, then i saw all i was left with was Rs.58.53 as proft.

screenshots of the trade and angel backoffice:


Uploaded with ImageShack.us



Uploaded with ImageShack.us


Uploaded with ImageShack.us

i got trade sms : which says that i bought 40 at 5640 and sell at 5646.

now is this fair :(
It is normal trade practice. When you buy or sell you are sent price confirmation as traded on exchanges. In the ledger, you will see net price to you. Apart from brokerage, you need to be mindful of another exchang and Govt. taxes.
 

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