Hi Guys,
Well, after over 4 years I came back to Trading. Somehow my account with a BIG brokerage company is still active and so I'm at it Trading again.
One thing I noticed with these company is that they say something witth respect to Brokerage charges and then charge you something else.
They market themselves as 1 paise brokerage but in reality they charge 6 paise. And that too they charge the Transaction that is always on high side, like if I SELL at 100 and BUY at 110. The brokerage is charged for BUY item, if when SELL is 100 and BUY is 90, then brokerage is charged for SELL item which is higher than the BUY item.
As a proof of it, please look at this.
For Rs. 85592.20 Brokerage is 52.90, For Rs 112980.00, brokerage is Rs 70.00
Am I wrong here or they are simply cheating? It's like a street-smart tapori type, these BIG company is.
Thanks,
VV
Well, after over 4 years I came back to Trading. Somehow my account with a BIG brokerage company is still active and so I'm at it Trading again.
One thing I noticed with these company is that they say something witth respect to Brokerage charges and then charge you something else.
They market themselves as 1 paise brokerage but in reality they charge 6 paise. And that too they charge the Transaction that is always on high side, like if I SELL at 100 and BUY at 110. The brokerage is charged for BUY item, if when SELL is 100 and BUY is 90, then brokerage is charged for SELL item which is higher than the BUY item.
As a proof of it, please look at this.
For Rs. 85592.20 Brokerage is 52.90, For Rs 112980.00, brokerage is Rs 70.00
Am I wrong here or they are simply cheating? It's like a street-smart tapori type, these BIG company is.
Thanks,
VV
