" Please tell About Brokerage Charges "
- Thread starter vinitrader
- Start date
Re: " Please tell About Brokrage Charge "
ICICI / Sharekhan calculate brokerage as % of the premium (eg - 2.5% of premium paid) and apply the minimum charge of 100/- or the calculate amount, whichever is higher..
Also check with broker if the minimum charge of 100 is for whole transaction or it is for each contract. (Eg. - for a order of 4 contract, logically, they shd apply only one brokerage calculation but some broker might calculate it as 4 different transaction and run the calculation multiple times.. i.e. total borkerage will be 400/- instead of 100/-).
Would appreciate if you update this thread with your finding for the benefit of other users.
Happy Trading.
ICICI / Sharekhan calculate brokerage as % of the premium (eg - 2.5% of premium paid) and apply the minimum charge of 100/- or the calculate amount, whichever is higher..
Also check with broker if the minimum charge of 100 is for whole transaction or it is for each contract. (Eg. - for a order of 4 contract, logically, they shd apply only one brokerage calculation but some broker might calculate it as 4 different transaction and run the calculation multiple times.. i.e. total borkerage will be 400/- instead of 100/-).
Would appreciate if you update this thread with your finding for the benefit of other users.
Happy Trading.
Re: " Please tell About Brokrage Charge "
Hi friends,
For options trading "RELIANCE MONEY" is the cheapest. For example, one buys nifty 4400 CE at 80/- and sells at 120/-. So total transaction value is 4,50,000/- (as lot size is 50). They charge flat 2500/- for 6 crore. So it will be 18.75. Further 1paise brokerage, stt, stampduty will come near to 3/- So u have to pay around 22/- for per contract. So u are earning only after 45 paise.
BASUDEO
Hi friends,
For options trading "RELIANCE MONEY" is the cheapest. For example, one buys nifty 4400 CE at 80/- and sells at 120/-. So total transaction value is 4,50,000/- (as lot size is 50). They charge flat 2500/- for 6 crore. So it will be 18.75. Further 1paise brokerage, stt, stampduty will come near to 3/- So u have to pay around 22/- for per contract. So u are earning only after 45 paise.
BASUDEO
Re: " Please tell About Brokrage Charge "
Never ever use reliance money for options trading.
They say 1 paisa but it comes with a huge hidden charge.
You have to purchase a limit card i.e 500/- will give you the turnover limit of 1 crore,
if you are buying 10 lot of call/put with the strike price of 5000 and with the premium 50/- then this turn over will become (5000+50)*500 =2500000 and it makes the effective brokerage of yours 125/- and if you are selling it on the same day then again it will be included in the turnover. You will be paying STT and other charges on the premium value but they will charge you for the strike price+premium.
They are the real leach, they will keep sucking your money and even you won't know about it if you do not keep track of your lager book.
Reliance Money sucks with there hidden charges......
Never ever use reliance money for options trading.
They say 1 paisa but it comes with a huge hidden charge.
You have to purchase a limit card i.e 500/- will give you the turnover limit of 1 crore,
if you are buying 10 lot of call/put with the strike price of 5000 and with the premium 50/- then this turn over will become (5000+50)*500 =2500000 and it makes the effective brokerage of yours 125/- and if you are selling it on the same day then again it will be included in the turnover. You will be paying STT and other charges on the premium value but they will charge you for the strike price+premium.
They are the real leach, they will keep sucking your money and even you won't know about it if you do not keep track of your lager book.
Reliance Money sucks with there hidden charges......
Last edited:
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