india currency trading low brokerage

Discussion in 'Forex' started by vajee, May 18, 2010.

  1. vajee

    vajee New Member

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    Can any body give the details of the broker who offer low brokerage . I come across Rs10 / lot.
     
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  2. darkstar

    darkstar Guest

    friend i had an alreadyt account of commodity, equity . now currency & mutual fund for online trading from religare for this month. for 1 lot for currency 15 rs but geogit pariba offers currency account with 1o rs lot but for this year i prefer religare because i already had account of commodity, equity.
     
  3. smartboy1jan1982

    smartboy1jan1982 Active Member

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    Kotak securities also charges 10 Rs per lot. I am also looking for lower brokerage rates but don't know any else than 1 rs per lot charged by RKGlobal for MCX-sx. If anyone knows about brokerage rates of less than 10 rs per lot then plz post here.
     
  4. smartboy1jan1982

    smartboy1jan1982 Active Member

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    1.How much monthly volume is necessary for 6 rs per lot brokerage?
    2.are the volume slabs fixed like Kotak securities or do we have to bargain with anagram on reducing the brokerage rate?
    3. Which banks do I have to have an account with to trade through anagram capital? currently I have bank account in Kotak Mahindra bank.
     
    Last edited: Jun 22, 2010
  5. cooldudeRE

    cooldudeRE Member

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    margin requirement

    how much margin is required to buy one lot of usd/inr?
    thnx
     
  6. smartboy1jan1982

    smartboy1jan1982 Active Member

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    Really? My broker, Kotak securities is charging double than this. It charges me about 6.66 % of the lot's value as margin. Say, if 1 Dollar is 45 rs today then 1 lot would be worth 45,000 rs, it would block 3,000 rs as margin money from my account. :mad: It seems like that I am not getting the best deal from Kotak securities. :( Time to contact Anagram capital branch office. ;)
     

  7. smartboy1jan1982

    smartboy1jan1982 Active Member

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    I already did checked their website but they do not mention the rate of brokerage or the margin per lot required anywhere there. I even did email them at feedback@anagram.co.in about this but they did not tell me anything else than to contact the nearest Branch office. :( At least they could mention the list of banks, with whom we are supposed to have an account with, in order to open an account with Anagram capital. :mad: My current bank account is with Kotak Mahindra Bank though.
     
  8. smartboy1jan1982

    smartboy1jan1982 Active Member

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    I will visit their local Branch office next month as soon as I get some free time. Meanwhile, which Bank's account do you have linked with anagram capital? I mean the name of the Bank.
     
  9. mithoon

    mithoon Active Member

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    Hi,
    I can someone please let me know if EUR/USD currency pairs can be traded from India.
     
  10. smartboy1jan1982

    smartboy1jan1982 Active Member

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    Not directly.
     

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