2 paisa is minimum

#1
hey friends
i have an a\c with fortis.they charge brokerage @0.015% on F&O trades. i bought one lot (15750 shares) of IFCI (strike price Rs 12.50) @ Re 0.70. they have charged Rs 315 as brokerage on this transaction. it should be Rs 32 according to the rate of 1.5 paisa. when i called them up , they replied that they calculated the brokerage as follows
(12.50+0.70)*0.015%=0.00198
they said the min brokerage per share is Re0.02. so it comes out to be 15750*0.02=Rs 315.
is it fair . plz help me.
 

alokdaga

Active Member
#2
yogeshvirmani said:
hey friends
i have an a\c with fortis.they charge brokerage @0.015% on F&O trades. i bought one lot (15750 shares) of IFCI (strike price Rs 12.50) @ Re 0.70. they have charged Rs 315 as brokerage on this transaction. it should be Rs 32 according to the rate of 1.5 paisa. when i called them up , they replied that they calculated the brokerage as follows
(12.50+0.70)*0.015%=0.00198
they said the min brokerage per share is Re0.02. so it comes out to be 15750*0.02=Rs 315.
is it fair . plz help me.
Yes - normally some min. brokerage is there
 

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