" Please tell About Brokerage Charges "

vinitrader · #1 29th August 2008, 12:43 PM

Can any one please tell me about how the brokrage is charged in Options.
Is it based on the total value like (4400*50) 220000 in NIFTY or is it based on Premium paid.

Please clarify.

jnj333 · #2 29th August 2008, 01:36 PM

It depends on broker to broker and it based on per lot , for ex. ICICI charges about Rs.100 per lot.

pasha · #3 29th August 2008, 01:53 PM

Some brokers charge percentage of premium, or between Rs.50 to 100 per lot, whichever is higher.
On both sides of the transaction.
Better clarify from your broker first.

AW10 · #4 30th August 2008, 01:44 AM

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.

basudeo · #5 31st August 2008, 01:24 PM

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

SANTa1VD · #6 31st August 2008, 02:55 PM

[quote=vinitrader;211145]Can any one please tell me about how the brokrage is charged in Options.
Is it based on the total value like (4400*50) 220000 in NIFTY or is it based on Premium paid.

IT is based on lot size.icicidirect charges 107 rupees per lot

rohitgarg · #7 4th September 2008, 11:46 PM

generally most of the broker charge brokrage on lot basis e.g. angel broking charge rs. 50 per contract and sam global charge rs. 68 per contract

rohit garg
9818013771

shankarswami · #8 5th September 2008, 08:19 PM

As per sebi mandate, only the premium can be subject to brokerage and not the contract value.

anandktripathi · #9 2nd October 2008, 04:06 PM

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, one more thing till the time you will keep the position open they will keep deducting the amount from your turnover limit and will keep recharging it by 500/- each time.

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......

The Following User Says Thank You to anandktripathi For This Useful Post:
steve456 (24th October 2008)