I am not surprised that some people have raised an issue with the minimum brokerage because you are not looking at the other side of the coin. Please note that we have fixed costs and many times, the costs are much higher than the brokerage itself. For a long time, we have been subsidizing the cost of micro trades even though the infra utilization is higher than the amount we charge per trade. However, considering the changing environment, the brokerage charges must justify the investments we make in the future. If you are on the other side, running the brokerage, you will realize the enormous costs we undertake in technology, human resources, compliance & ops to make it happen. We're charging a small minimum fee to ensure that we can maintain quality going forward. During the lockdown when most brokers have faced untold issues, support desks were not operational, many stopped services altogether, some even went bankrupt, we continued to operate without any hindrances or issues. I have published all this in
our recent notice.
Having said that, why are you worried? We are openly offering a brokerage refund if you win the 30 Day Challenge. Take the challenge and win. You can effectively trade without brokerage charges.
Good luck.