Nifty Futures Trading

tsunil4u · #**8621** 21st July 2008, 09:30 AM

Quote:

Originally Posted by uasish

They will cut brokerage now,whenever it increases Rs 15 K they will return you the earlier 15 K,so you are paying Double now & get back Half.

Quote:

Originally Posted by Sats

Sunil,

That is not brokerage-free i suppose.... The thing is that, They initially collecting 15k, and apart from that they will collect brokerage for the first 10 crores which will come to 15K. So at the end of 10 crores, you would have paid 30K as a brokerage. So finally they'll refund the initial 15k that you've paid to them. So the effective brokerage comes around to 15K, which for a beginner like me, is still gr8 one.

Hope you understand. If i'm wrong, let me know.

Thanks,
Sats.

Quote:

Originally Posted by VJAY

If we not acheive the 10 c turnover in 12 months then is rs 15000 will be back or else.I not understand it.or after giving rs15000 there is no brokerage for 12 months?Pl clarify

Vjay, i hope the previous replies clear your doubt...
A typical ADVANCE BROKERAGE SET-UP:

1. You pay Rs 15K as subscription fees to this brokearge plan
2. You are charged brokerage @ 0.015% for all derivatives & intraday cash trades (0.15% for cash delivery trades)
3. The initial Rs 15K fees will be refunded back only if:
(a) you generate a brokerage of Rs 15K
(b) within a set tme limit of 12 months

You want lower brokerage rates; they want a particular turnover from you, and they are giving you 12 months for such turnover (10 crore)
[for a regular day trader in derivatives, 10 crore will be achieved (5 crore buy + 5 crore sell) within 1 or 2 months]