Hello All,
I am new to this forum but I have been following the posts here for quite sometime as a guest and I find the posts/suggestions/advices very helpful and hence decided to join.
I am an online trader and my broking account is with Angel Broking. I am a bit fed up with their laziness on providing solutions for my queries and am searching for a new and economic broker with low brokerage.
I started online trading from the month of April 2011 with an margin of Rs.5.50 lakhs.
My Current Brokerage Set Up is as below with Angel Broking:
ST = 10.36%, Turnover Tax = 0.00325%, SEBI Tax = 0.0001%, Stamp Duty = 0.002%, STT = 0.125% of Delivery Turnover value & 0.025% of Sale Trading Turnover value.
Brokerage Intraday = 0.01p Both Legs, Delivery = 0.15p, Futures = 0.01p Currency = 0.01p, Options 25/- per lot.
My Total Turnover from 01st April Till date is :
BSE Turnover = Purchase Rs. 51,90,076.86 Sell = 50,27,282.18 Total = Rs. 1,02,17,359.04, Qty Buy 19375, Qty Sell 19375 Total Charges Paid Rs. 20,119.45 Including Brokerage and all Exchange Charges.
NSE Turnover = Purchase Rs. 1,95,25,245.10 Sell = Rs. 1,94,26,948.78 Total = Rs. 3,89,54,127.50, Qty Buy 1,78,253, Qty Sell 1,78,253 Total Charges Paid Rs. 40,819.50 Including Brokerage and all Exchange Charges.
This is only for NSE & BSE Cash Segments, I do not know the exact turnover on my F&O and Currency Transactions.
On basis of the above figures the brokerage I find is eating into my profits as well my margin.
I got an offer from BMA Wealth Creators but as they are a new Broking Company I am not able to verify and be satisfied with the services.
The offer they gave me is: Intraday Cash, F&O 0.0003%, Delivery 0.03p, Options Rs.10/- per lot, Currency Rs. 10/- per lot on a PREPAID Scheme of Rs. 50,000/- with a validity for a year and extendable.
I need help from my fellow members to guide me for a new BROKING COMPANY and if anyone can inform me whether BMA are good to join.
Regards
CC LINK POINT
9702011350
I am new to this forum but I have been following the posts here for quite sometime as a guest and I find the posts/suggestions/advices very helpful and hence decided to join.
I am an online trader and my broking account is with Angel Broking. I am a bit fed up with their laziness on providing solutions for my queries and am searching for a new and economic broker with low brokerage.
I started online trading from the month of April 2011 with an margin of Rs.5.50 lakhs.
My Current Brokerage Set Up is as below with Angel Broking:
ST = 10.36%, Turnover Tax = 0.00325%, SEBI Tax = 0.0001%, Stamp Duty = 0.002%, STT = 0.125% of Delivery Turnover value & 0.025% of Sale Trading Turnover value.
Brokerage Intraday = 0.01p Both Legs, Delivery = 0.15p, Futures = 0.01p Currency = 0.01p, Options 25/- per lot.
My Total Turnover from 01st April Till date is :
BSE Turnover = Purchase Rs. 51,90,076.86 Sell = 50,27,282.18 Total = Rs. 1,02,17,359.04, Qty Buy 19375, Qty Sell 19375 Total Charges Paid Rs. 20,119.45 Including Brokerage and all Exchange Charges.
NSE Turnover = Purchase Rs. 1,95,25,245.10 Sell = Rs. 1,94,26,948.78 Total = Rs. 3,89,54,127.50, Qty Buy 1,78,253, Qty Sell 1,78,253 Total Charges Paid Rs. 40,819.50 Including Brokerage and all Exchange Charges.
This is only for NSE & BSE Cash Segments, I do not know the exact turnover on my F&O and Currency Transactions.
On basis of the above figures the brokerage I find is eating into my profits as well my margin.
I got an offer from BMA Wealth Creators but as they are a new Broking Company I am not able to verify and be satisfied with the services.
The offer they gave me is: Intraday Cash, F&O 0.0003%, Delivery 0.03p, Options Rs.10/- per lot, Currency Rs. 10/- per lot on a PREPAID Scheme of Rs. 50,000/- with a validity for a year and extendable.
I need help from my fellow members to guide me for a new BROKING COMPANY and if anyone can inform me whether BMA are good to join.
Regards
CC LINK POINT
9702011350
