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brokerage on nifty call buy @ 0.20 paise

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  #1  
Old 27th January 2007, 09:04 AM
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Default brokerage on nifty call buy @ 0.20 paise

dear all,
i am new to call writing and at expiry contract value came to 0.20 paise i trade with icici and religare both charge brokerage @ 0.05paise however icici brokerage on call buy 3800 @ 0.20 paise was rs 190 and on same transaction religare charged rs 1.5 only
pl tel me nse rule for brokerage on option buy below re 1
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  #2  
Old 27th January 2007, 01:36 PM
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Default Re: brokerage on nifty call buy @ 0.20 paise

nip251
Please once again check with ur realgire brokerage , it might be 150 rs(1.5 * 100).
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Old 27th January 2007, 07:02 PM
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Default Re: brokerage on nifty call buy @ 0.20 paise

Quote:
Originally Posted by nip251 View Post
dear all,
i am new to call writing and at expiry contract value came to 0.20 paise i trade with icici and religare both charge brokerage @ 0.05paise however icici brokerage on call buy 3800 @ 0.20 paise was rs 190 and on same transaction religare charged rs 1.5 only
pl tel me nse rule for brokerage on option buy below re 1

Hi,
i also trade in religare, their brokerage on option is
2.5% on option premium value.

Now,icicidirect charging 1% of option premium or Rs100 whichever is higher, means a minimum 100Rs brokerage on option per side, hope it clarifies.

Better to avoid them.

Thank you,
Rajib.
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