KOTAK FLAT Brokerage

[Gandhi710]

Friends,

Do you have any idea about Kotak's flat brokerage. I do not understand how it is flat. What I understood about flat brokerage which is there in other countries is that the brokerage per transaction irrespective of the volume of the transaction.

But in Kotak flat they are charging Rs 9 per Rs 50,000 volume and they are claiming it as flat. May be it is a reduced brokerage but not FLAT as they are claiming it.

what is your opinion.

 

[jdm]

the topic had been alreday covered my dear. pls spend some time reading. it helps.

http://www.traderji.com/brokers-demat-matters/7603-flat-brokerage.html

 

[pasha]

A very simple rule of thumb to find out what anything is.
If you have to read the fine print, it's a scam.