how to reduce brokerage

hi, friends today I earned Rs 1625 but was shocked to see contract note that around 40% of my profit is gone into brokerage
it was an intraday trade and my brokerage is 0.04% one side only(either by or sell):annoyed:
any suggestion is it the same case in the industry ........

You have not mentioned what trading you are doing.The rates are different for trades as well as your DP holder.What you quoted is very high.Negotiate with your Trader or change him.

Hi, you might find the following thread somewhat useful
http://www.traderji.com/brokers-trading-platforms/60456-guide-brokers-india.html

NOTE - The rates & policies mentioned therein may or mayn't be valid right now so make sure to re-confirm them & then make an informed decision. Cheers

Sir ,
I m trading intraday and looking for a profit of 0.5 -1% per trade.but i always start my trades as scalp.
what should be the ideal brokerage according to you sir.
Kindly reply

Thanks bro will see that thread.

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Hey newbie,
Saw your thread i m with angel can u tell me what commitment they need for 0.01% brokerage also is it one side only ie,either buy or sell whichever is higher or it is 0.01 buy and 0.01 sell .
Kindly reply.

To be honest, it seems with some of these national brokers, rates may vary quite a bit from one trader to another based on region, turnover, initial-margin.........& of course, mood & personality of the RM :lol:

So, just call up their local branch & tell them your turnover & initial-margin & see what they offer & see how much you can bargain........otherwise there's no shortage of low-cost brokers these days :lol:

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