Discount Broker Comparison

[bpr]

and Min. A/c size 5 Lacs. we need to check if that policy is still there

for residents minimum balance is 1 lac
for nri minimum balance req is 5 lacs

min brokerage generation per month 200 else they deduct the difference as fees
for nri the same is 600
this is waived for balance with 10 lac or more

for telephone order 2000 per order

 

[bpr]

fyers nse registration verification..

 

[Snake.Head]

and Min. A/c size 5 Lacs. we need to check if that policy is still there

No that is removed now

 

[headstrong007]

ITL site is still their .. Did they stop ?

Yes, SEBI stopped any such real life trading competition in India, blaming
indulge in gambling... ITL stopped. Around last October 2016 there was a circular released by SEBI & ITL stopped few weeks after it.

 

[Snake.Head]

pricing very complicated...

edit :

OK so 1 bps is 0.01 %
above 10lac 2 bps
Min 6 and max 20

Up to per order value of INR 1,000,000 for stocks. Portion of order above INR 1,000,000 will be charged 2 bps.

so above 10 lacs Rs 40 per trade ? confusing ...

again people can split the order to save the cost ? 10 lac is big number for stocks ?

Is this 10 lac thing applicable for F&O ?

for F&O

1. For first 100 lots of futures and options. Portion of order above 100 lots will be charged at INR 5 per lot.

so people can always split the order to remain below 100 lot per order and good ??

Anybody who has better understanding please explain

10lac for stock only not for f&O

for residents minimum balance is 1 lac
for nri minimum balance req is 5 lacs
min brokerage generation per month 200 else they deduct the difference as fees
for nri the same is 600
this is waived for balance with 10 lac or more
for telephone order 2000 per order

AMC is 200 pre month if brokerage is 200 then waived off - first 3 month waived off
call and trade is 2000 they said their whole process is automate - they don't want you use call and trade - they say use mobile/web and desktop
API is free for client side or sever side is chargeable
only thing i didn't like is you can't new short position after 2.30
and system sqoff is 3.20

 

[bpr]

10lac for stock only not for f&O




AMC is 200 if brokerage is 200 then waived off - first 3 month waived off
call and trade is 2000 they said their whole process is automate - they don't want you use call and trade - they say use mobile/web and desktop
API is free for client side or sever side is chargeable

what abt this ?

1. For first 100 lots of futures and options. Portion of order above 100 lots will be charged at INR 5 per lot.

this is per order ?
if so can be ignored as people rarely put more than 100 lots in a single order ...

but if it is cumulative then problem

 

[Snake.Head]

what abt this ?

1. For first 100 lots of futures and options. Portion of order above 100 lots will be charged at INR 5 per lot.

this is per order ?

Mostly per order side

 

[bpr]

Mostly per order side

so effectively 20 per order pricing ..
as long as you don't put more than 10 lac in a single order in stocks
and more than 100 lots in single order in F&O

this is interesting competition heating up ...

 

[Snake.Head]

so effectively 20 per order pricing ..
as long as you don't put more than 10 lac in a single order in stocks
and more than 100 lots in single order in F&O

this is interesting competition heating up ...

Yes

 

[cloudTrader]

Now Trade Smart Online goes Zerodha & RKSV way of imposing Call n Trade charge on Intraday Square Off Orders by their RMS team.