Cheapest brokerage for JOBBERS /Intraday Traders in an Option segment

[saad.trader]

I worked as a jobber in mumbai; and now i am planing to trade for my own account from my home. To survive as jobber in market we need to have cheapest brokerage & as per my knowledge zerodha, indiainfoline, sharekhan, Rk Global etc are not eligible to give jobbing trading platform or whatever we all are discussing on this forum. Almost all jobbers trades on OPTIONS, beside trades are made only if volume is high on Equity or future.
Brokers mention above, for an Option trading brokerage are charged per contract i.e Rs:100, 50, 30, 20 or 9 etc. Jobbers average trades made are above 100 plus. If above brokerages is considered for trading, 100+ trade are not possible due too exceed in cost.
As per my research Crosseas Capital Services Pvt. Ltd. provide lowest brokerage for OPTION trading i.e 0.005% on premium, Rs: 500.00 on one crore(Excluding Government charges). E-Trading Software ODIN DIET VER 9.1.5.0 which is best at present.

plz go no the site and explore all information, & if any other better option available for BROKER in terms of services, brokerage lets share.

And second thing i am not a company board director or employer to promote the company, i am just a jobber/trader with an eye opened. What i see on Internet I showed. I posted this thread last day but don't know how it got deleted, or it may be deleted by moderator. If this is a thing that we cant spread our knowledge, then there is no need to have my account on TRADERSJI Forum. I request moderators to first have a look weather information posted is false or true before deleting the thread.

This example is for members "sach007" who asked me about how "Crosseas Capital Services" is cheap then ZERODHA. I couldn't answered him because before answering my threat got deleted.
Suppose If u trade 10 contract of OPTION premium 55 from zerodha brokerage would be RS:20.00 (Rs: 20.00 Excluding Goverment Charges)
by Crosseas Capital Services brokerage would be
Brokerage = 50*10*55=27500 (Option Lot Quantity * lots * Option Value)
Brokerage = 27500*0.005
Brokerage = 1.375

I am sharing this because, if there could be any better option available for broker & trading platform i will be happy, even if someone around here on this forum and he is not aware about broker i mention he will get this knowledge & he will be happy. If I am wrong I am really sorry for all of my stuffs.
Thanks!

 

[TradeRaid]

I worked as a jobber in mumbai; and now i am planing to trade for my own account from my home. To survive as jobber in market we need to have cheapest brokerage & as per my knowledge zerodha, indiainfoline, sharekhan, Rk Global etc are not eligible to give jobbing trading platform or whatever we all are discussing on this forum. Almost all jobbers trades on OPTIONS, beside trades are made only if volume is high on Equity or future.
Brokers mention above, for an Option trading brokerage are charged per contract i.e Rs:100, 50, 30, 20 or 9 etc. Jobbers average trades made are above 100 plus. If above brokerages is considered for trading, 100+ trade are not possible due too exceed in cost.
As per my research Crosseas Capital Services Pvt. Ltd. provide lowest brokerage for OPTION trading i.e 0.005% on premium, Rs: 500.00 on one crore(Excluding Government charges). E-Trading Software ODIN DIET VER 9.1.5.0 which is best at present.

plz go no the site and explore all information, & if any other better option available for BROKER in terms of services, brokerage lets share.

And second thing i am not a company board director or employer to promote the company, i am just a jobber/trader with an eye opened. What i see on Internet I showed. I posted this thread last day but don't know how it got deleted, or it may be deleted by moderator. If this is a thing that we cant spread our knowledge, then there is no need to have my account on TRADERSJI Forum. I request moderators to first have a look weather information posted is false or true before deleting the thread.

This example is for members "sach007" who asked me about how "Crosseas Capital Services" is cheap then ZERODHA. I couldn't answered him because before answering my threat got deleted.
Suppose If u trade 10 contract of OPTION premium 55 from zerodha brokerage would be RS:20.00 (Rs: 20.00 Excluding Goverment Charges)
by Crosseas Capital Services brokerage would be
Brokerage = 50*10*55=27500 (Option Lot Quantity * lots * Option Value)
Brokerage = 27500*0.005
Brokerage = 1.375

I am sharing this because, if there could be any better option available for broker & trading platform i will be happy, even if someone around here on this forum and he is not aware about broker i mention he will get this knowledge & he will be happy. If I am wrong I am really sorry for all of my stuffs.
Thanks!

I called the company and checked with them thinking I'll change my broker... This sounded too good to be true, and it was too good to be true as I suspected...

Turns out, the brokerage charged on options is 'Strike Price + Premium'. This means that there is no great advantage provided to traders. Yes, if you're jobbing using one lot at a time, then there's a possibility of getting a lower cost... However, if you're jobbing with just one or two lots, you should actually get a job, not just job if you know what I mean.

 

[akash2004]

yes premium is at the value of undelying * lot size not as it was explained above so for there is not way any one can trade 10 lots for rs 1.37

 

[saad.trader]

Sorry guys!
I was in illusion about brokerage structure.

 

[vishal7176]

@saad.trader

is aactual crosses capital offer this ?

i asked few days back it .....they are not responce me .

they charge on premimum OR strike price + premium ???

 

[vishal7176]

hi saad.trader



my office is same building of croosess capital ltd.
in malad(w),bussiness classic building .


which is your company ?

if possible we will disscuss in detail .......and if we have 4-5 people at a time then we will bargin also ....

i am also start my own jobbing

 

[sach007]

What is mean by Jobbing?


And they are charging 2500 as software cost..... its too high.

 

[jain.er]

jobbing is scalping

S/w cost vil be nothing as compared to brokerage cost for a jobber

 

[saad.trader]

What is mean by Jobbing?


And they are charging 2500 as software cost..... its too high.

search on google for jobbing definition....U will get all the details...
Rs: 2500 is adjustable with brokerage....

If anybody work as a jobber for a company then he have to share his profit around his income i.e 50:50, 60:40 or 70:30... brokerage of 2500 is nothing compare to that.

 

[saad.trader]

hi saad.trader



my office is same building of croosess capital ltd.
in malad(w),bussiness classic building .


which is your company ?

if possible we will disscuss in detail .......and if we have 4-5 people at a time then we will bargin also ....

i am also start my own jobbing

croosess capital ltd is not company where i have account nor i work as a jobber over there, i just wana to know a company from where i could i start my personal jobbing..i to spoke with them and with me also they didn't responded well. few days back before posting this thread one of the guy from that company told me that, they charge brokerage on premium but it seems to b false..and even they reveal they don't offer any jobbing platform even though it is mention on there site....anyways i am searching other broker who offer this services..
if u have any of the name please let e know my id [email protected]