Looking For a Low Cost Brokerage Structure

Placebo

Well-Known Member
#1
I currently have an account with a broker who charges me 1 paise 100 Rs per side so i basically end up paying 2 paise as brokerage. Due to the size of my transactions this 2 paise is turning out to be quite an amount especially in commodities. Does anyone know any low cost reliable broker who could/would charge me a fixed amount of money per month and allow me unlimited number of transactions. I know it sounds absurd but i have heard this happens.

Does anyone have an account with charges similar to the like of RK Global or Zerodha with any other broker which could provide really cheap brokerage ?

Cheers
 

MANISH_DAMANI

Well-Known Member
#2
Yes I have account with RK Global. Its cheap. My yesterday turnover in commodity is Rs 53617250.00. By brokerage is Rs 954 on 53 lots of crude with service tax is rs 117.91. Other charges is Rs 2711 along with service tax.So total cost is Rs 3782.91.So cost is .0070% approx on trade depends on turnover. If go for equity Rs 999 for cash market fixed brokerage per month is very good plan. In fno and Commodiy Rs 9 per lot on side. I have traded in all segments it really cheap. I am with them from last 1 year no problem as of now.But I remind you no extra benefit like margin funding as they are strict in it. Zerodha I have heard but dont know much one thing I say you have to trade 3-5 lots at a time then only it is beneficial. Rksv one more broker giving Rs 1947 per month plan in equity and fno. But not aware of their service. RKGlobal is satisfactory. They chages extra for odien but its hardly matter for me because I am saving rs 30000-60000 per month in brokerage.I have account with sharekhan their cost around 53 lots is RS 8400-Rs 9360 imagine but I have paid RS 3782 saving of Rs 4618-5578. as it is my almost daily turnover.
 

MANISH_DAMANI

Well-Known Member
#3
Plz tell about your broker name. Facilities he is providing.
 

Similar threads