Brokerage charges are more in future than in option??

#1
Hi guys, i use Zerodha as my trading platform and i trade in options. The brokerage was only Rs.50 (approx) for 1 lot. But i traded future for the first time and i got charged Rs. 500 + for 3 lot of buy and sell transaction. Please refer below details. I am from Karnataka.. Please assist, as i feel that the brokerage is too high for future trading mostly bcos of STT and Stamp duty.. Please advise or if there is any other choice to reduce the brokerage or any other platform. thank you.

PAY IN/ PAY OUT OBLIGATION 1927.50 1927.50
Taxable value of Supply (Brokerage)3 (120.00) (120.0)
Exchange Transaction Charges (83.31) (83.31)
Clearing Charges (0.00)
CGST (@9% of Brok, Trans & Clearing Charges)4 (18.30) (18.3)
SGST (@9% of Brok, Trans & Clearing Charges)4 (18.30) (18.3)
IGST (@18% of Brok, Trans & Clearing Charges)4 (0.00)
UTT4
Securities Transaction Tax (219.00) (219.0)
SEBI Turnover Fees (2.19) (2.19)
Stamp Duty (131.54) (131.54)
Net amount receivable by Client / (payable by Client) 1334.86 1334.86
 
#2
Stamp duty and STT are standard charges which cannot be denied, so ideally we can't really do anything about it. But yes brokerage is different with every broker. You can look for economical brokers such as Finvasia, Tradeplus. They have zero brokerage for all segments including Futures and Options and no hidden charges too. But with tradeplus, you have to pay 99 monthly subscription.
 

Tejas Khoday

Co-Founder & CEO, FYERS
#3
Hi guys, i use Zerodha as my trading platform and i trade in options. The brokerage was only Rs.50 (approx) for 1 lot. But i traded future for the first time and i got charged Rs. 500 + for 3 lot of buy and sell transaction. Please refer below details. I am from Karnataka.. Please assist, as i feel that the brokerage is too high for future trading mostly bcos of STT and Stamp duty.. Please advise or if there is any other choice to reduce the brokerage or any other platform. thank you.

PAY IN/ PAY OUT OBLIGATION 1927.50 1927.50
Taxable value of Supply (Brokerage)3 (120.00) (120.0)
Exchange Transaction Charges (83.31) (83.31)
Clearing Charges (0.00)
CGST (@9% of Brok, Trans & Clearing Charges)4 (18.30) (18.3)
SGST (@9% of Brok, Trans & Clearing Charges)4 (18.30) (18.3)
IGST (@18% of Brok, Trans & Clearing Charges)4 (0.00)
UTT4
Securities Transaction Tax (219.00) (219.0)
SEBI Turnover Fees (2.19) (2.19)
Stamp Duty (131.54) (131.54)
Net amount receivable by Client / (payable by Client) 1334.86 1334.86
I wonder why you are confused.
  1. Brokerage is always mentioned in the pricing of Discount brokers' website.
  2. Other charges are not levied by the broker and they apply to all brokerages.
  3. Stamp duty varies from state to state. You can get more details here.
I hope this helps.
 

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