Brokerage is eating my profits.. Help me

#1
Hi Friends,

I am trading with ICICI direct. I trade only in futures, day trading and BTST.

ICICI direct is charging a lot of brokerage.
Example: Suppose I buy at 220 and Sell at 225 - Lot of 1000 shares.

buy Value = 220000
Brokerage 0.05000% =110
ST Charges 10.30000% =11.33
STT Charge
SEBI Turn over 0.00010% =0.22
Transaction charges 0.00185% =4.07
Stamp 0.00020% =0.44
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Total Brokerage on Buy ----126.06


Sell Value = 223000
Brokerage 0.05000% =111.5
ST Charges 10.30000% =11.4845
STT Charge 0.01700% =37.91
SEBI Turn over 0.00010% =0.223
Transaction charges 0.00185% =4.1255
Stamp 0.00020% =0.446
---------------------------------------------------------------
Total Brokerage on Sell -- 165.689
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Finally My profit is 3000 and brokerage is 300 (approximately).

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I do 10 trades a day (Buys +Sells). I need a better house which takes less brokerage.

I found Zerodha charging 110 Rs for the same transaction as above including all taxes Buy + Sell.

Please advice me if you know any one who is good at brokerage for Futures trading. Thanks in advance for your advice.
 
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#2
Hii.. Go with RKGLobal.net.. the brokarage is too low..
I been using it from last 1 year.. the service was not good, but recently they have upgraded their server, after that the performance is good now...
 

tomjerry

Well-Known Member
#3
RKSV Securities is charging Rs.2,148 Fixed Monthly Charge for Unlimited Trading in Futures, Options, Equities.

Charges for the trade mentioned by you is: 72.86 + Brokerage as mentioned above.

If you do 10 trades(buy+sell) a day then your charges will be 366 + Brokerage as mentioned above.

If you do 10 buy trades + 10 sell trades a day then 729 + Brokerage as mentioned above.

Their Transaction Cost Calculator (Excluding Brokerage) at : http://www.rksv.in/calculator.html

contact them on this forum at here: RKSV