Beware Angel Broking Shocking Brokerage Policy Change

S

Shareglare

New Member
#1
#1
Hello,
Am a Angel Broking user. When I opened my account they agreed @ 1 Paisa for intraday as brokerage. For few months everything was alright but suddenly they have come with a new policy of minimum 30 Rs brokerage per contract!!!!
Earlier If I had a daily volume of around 40000 I used to pay around 13 rs as brokerage including all the taxes etc. But was shocked when a day ago I saw 40 rs brokerage for just 40000 volume. it was around 2 rs + Taxes.

At my complain they said we have acquired this policy to charge at least 30 rs per contract. This way if one trade in small stocks he has to pay compulsorily 40 rs to angel.
Everyone beware here of angel as they will not continue with whatever brokerage they have promised you. They may deceive you any time.

Am thinking to move some where else like sharekhan.

Plz suggest any good broking firm with cheap brokerage.....fast trading platform like odin at least full of honesty.

Regards,
Shareglare
 
nilesh53333

nilesh53333

Active Member
#2
#2
Go for rkglobal.net or zerodha.com. Best in industry.
 
H

harisince1988

Active Member
#3
#3
Shareglare said:
Hello,
Am a Angel Broking user. When I opened my account they agreed @ 1 Paisa for intraday as brokerage. For few months everything was alright but suddenly they have come with a new policy of minimum 30 Rs brokerage per contract!!!!
Earlier If I had a daily volume of around 40000 I used to pay around 13 rs as brokerage including all the taxes etc. But was shocked when a day ago I saw 40 rs brokerage for just 40000 volume. it was around 2 rs + Taxes.

At my complain they said we have acquired this policy to charge at least 30 rs per contract. This way if one trade in small stocks he has to pay compulsorily 40 rs to angel.
Everyone beware here of angel as they will not continue with whatever brokerage they have promised you. They may deceive you any time.

Am thinking to move some where else like sharekhan.

Plz suggest any good broking firm with cheap brokerage.....fast trading platform like odin at least full of honesty.

Regards,
Shareglare
Click to expand...

many brokerage firm has changed to this scheme of minimal brokerage if u trade even one stock...

enquire well before u join..im old client of angel broking..they changed this plan five months ago..past five months this minimal brokerage scheme was in...

i opened new account with geogit..they too charge the same of 30 rs minimum brokerage..


are u intraday trader?

check this link

http://www.traderji.com/day-trading/49911-intraday-view-its-my-view-not-calls.html

:thumb::thumb::thumb:
 
S

Shareglare

New Member
#4
#4
Yes I am a intraday trader but @ the opening of account they never had a word about this minimum brokerage.
This means to get more & more clients angel introduced brokerage scheme of 1-2 paisa now clients are enough their they want to reap more more benefits.

For a small trader its become essential to first earn minimum brokerage for them.
AM seeking any good broker with per trade decided brokerage. Pls suggest.
 
S

sham_share singh

Member
#5
#5
Hey, as per the Sebi, the maximum brokerage that can be charged by the broker is 2.5%. But as SEBI does not want people to invest in very small shares, there is a different rule for stocks priced below Rs10/-. For stocks below Rs 10, a broker can charge a brokerage of 25 paisa per share irrespective of 2.5% clause. Thus, there are chances where the brokerage can even exceed your investment value. And this will still be legal. Hence, next time be careful when you deal in penny stocks. Even i dint know this before and learnt a lesson when Sharekhan once charged me brokerage of 10 paisa per share for a stock of 30 paisa (Cals refinery). Hence, brokerage came to 30%.
 
R

rstariyal

New Member
#6
#6
Before opening account
They said "Intraday trading tax (0.04%) include all taxes
like service tax,STT,stamp duty etc.( if initial margin
cheque is more than 25000)"


Today I earned rs 73 through Angel brokers in NSE
But in my account they showed only rs 31
So they deducted rs 42 as tax
they are LIARS and CHEATERS

 
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