I had never thought that clearing charges are going to be different across brokers. But apparently there seems to be a big difference. I am listing out the charges with some of the brokers me and my friends use.
Zerodha and 5paisa are now 0 for futures and options
Upstox is Rs 20/crore for futures and Rs 500/crore on options
Samco is Rs 25/crore for futures and Rs 750/crore on options
Fyers is Rs 40/crore for futures and Rs 900/crore on options
A very active day trader might easily generate 1crore of option premium turnover a day, Rs 500 to Rs 900 potentially can add up over time.
Zerodha and 5paisa are now 0 for futures and options
Upstox is Rs 20/crore for futures and Rs 500/crore on options
Samco is Rs 25/crore for futures and Rs 750/crore on options
Fyers is Rs 40/crore for futures and Rs 900/crore on options
A very active day trader might easily generate 1crore of option premium turnover a day, Rs 500 to Rs 900 potentially can add up over time.