lowest brokerage in commodities

[hitesh.trade]

I think Angel Commodities is one of the best in India and charges only 0.01% and the have very good research team also.

 

[OneIndia]

There are many people gives, low brokerage in market, but first you see that how much uptime they maintain and they give any proper valid tips to trade,

and when we trade at low profit level, we need mainly low brokerage account,

say example if we booking 3 points in crude oil, - we make profit Rs.300/-

in that Rs.300/- we need to pay MCX Fee around - Rs.32/- + Tax + brokerage

if broker charge you 0.2 Paisa, Broker take rs.200 from our 300 profit

so in our hand we get only some rs.50 as profit at level of rs.300 profit

so before taking account with any broker, check with them for each commodity, how much total brokerage they take + mcx fee and what you get if you book rs.300 profit in crude oil,

if you have any doubt, feel free to reply here

 

[dude_millions]

@oneindia..

what is this MCX fee...is it applicable for all the Commodities...& what is the structure of this fee..?

And sharekhan is offering me a brokerage of 0.04 %..is it low or can be better ..?

 

[OneIndia]

dear
If Brokerage is .02 paisa then brokerage will be only 138/- if crude oil rate is @3450 + Tax

Hi ashirwadvip, i just given a ruff price only, not the exact value,

and thanks for your update correct brokerage value for crude oil at 3450
but when crude oil goes 3700 it goes above as well for 0.02 Paisa

so me not mentioned the crude oil value at level of rs.200 brokerage

 

[OneIndia]

@oneindia..

what is this MCX fee...is it applicable for all the Commodities...& what is the structure of this fee..?

And sharekhan is offering me a brokerage of 0.04 %..is it low or can be better ..?

MCX Fee is 1lakh rs.4/- charge,

example if we trade buy crude oil and sell crude oil, total it will count around 8lakhs x rs.4 = 32/- MCX fee + tax for rs.32/-

And Yes 0.04 is costly as per brokerage, many Sharekhan office give brokerage 0.03 or 0.02 laso, so check with your sharekhan office and ask them a best price,

if we pay 0.04paisa brokerage for crude oil, it will cost us around rs.350/- brokerage, so per trade if we book profit or loss, we need to pay rs.350/- brokerage + rs.32 mcx fee + Tax = so around rs.450/- we need to pay on per lot trade base,

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[jagankris]

This MCX fees of rs 4 per lakh varies depending upon the turn over of the brokerage house.I think (not sure) the 4 rs is for brokerage house with a daily turnover less than 10 C.

Guys undisputedly RKG offers the lowest brokerage for commodities.
9 rs flat.
Also bargain check with some commodity brokers for annual fixed brokerage.

 

[iGuru]

Lowest brokerage in commodities & Turnover Tax

Hi,
I have brokerage of 0.001% (i.e. 1 paisa). So as per that my break-even for Crude Oil @ 3700 is Rs. 2:
Brokerage @ 0.01% = Rs. 81.62
Turnover charges @ 0.0025% = Rs. 20.41
Stamp Duty @ 0.002% = Rs. 14.80
Total Cost = Rs. 117 approx inclusive of taxes.
So for every movement of Rs. 2, I am getting Rs. 83

With effective from Nov 02, 2009 MCX transaction charges (i.e. Turnover Tax) has been reduced to:
Upto 250 Crore - 0.0025% (i.e. Rs. 2.50 per Rs. 1lakh of turnover)
On incremental turnover above 250 Crore to 1000 Crore - 0.00125% (i.e. Rs. 1.25 per Rs. 1lakh of turnover)
On incremental turnover above 1000 Crore - 0.001% (i.e. Rs. 1.00 per Rs. 1lakh of turnover)
Above increment is based on total turnover generated by a broker (Proprietory + client trading)

Stamp Duty Charged by:
At Kolkata - No Stamp duty till date
At Delhi 0.002% (i.e. Rs. 2.00 per Rs. 1lakh of turnover)
At Mumbai 0.001% (i.e. Rs. 1.00 per Rs. 1lakh of turnover)....... Not sure as some broker charges Rs. 2
Have no idea for other states.

Regards,
iGuru

 

[comm4300]

Re: Lowest brokerage in commodities & Turnover Tax

Hi,
I have brokerage of 0.001% (i.e. 1 paisa). So as per that my break-even for Crude Oil @ 3700 is Rs. 2:
Brokerage @ 0.01% = Rs. 81.62
Turnover charges @ 0.0025% = Rs. 20.41
Stamp Duty @ 0.002% = Rs. 14.80
Total Cost = Rs. 117 approx inclusive of taxes.
So for every movement of Rs. 2, I am getting Rs. 83

With effective from Nov 02, 2009 MCX transaction charges (i.e. Turnover Tax) has been reduced to:
Upto 250 Crore - 0.0025% (i.e. Rs. 2.50 per Rs. 1lakh of turnover)
On incremental turnover above 250 Crore to 1000 Crore - 0.00125% (i.e. Rs. 1.25 per Rs. 1lakh of turnover)
On incremental turnover above 1000 Crore - 0.001% (i.e. Rs. 1.00 per Rs. 1lakh of turnover)
Above increment is based on total turnover generated by a broker (Proprietory + client trading)

Stamp Duty Charged by:
At Kolkata - No Stamp duty till date
At Delhi 0.002% (i.e. Rs. 2.00 per Rs. 1lakh of turnover)
At Mumbai 0.001% (i.e. Rs. 1.00 per Rs. 1lakh of turnover)....... Not sure as some broker charges Rs. 2
Have no idea for other states.

Regards,
iGuru

very well explained. thanks.:thumb:

 

[jagankris]

Re: Lowest brokerage in commodities & Turnover Tax

Excellent that means.
With RKG your overall cost would be
Brokerage @ 18rs(buy and sell) = Rs. 18
Turnover charges @ 0.0025% = Rs. 20.41
Stamp Duty @ 0.002% = Rs. 14.80
Total Cost = Rs. 53 approx inclusive of taxes.
So for every movement of Rs. 2, You will get 147 rs

 

[satya_030]

They charge 299 Rs not 899 and hardly will matter compareed to the daily brokerages which we pay with other broker

Thanks
GJ

is it true they charge 299 and they charge 7 per lot?if yes then plz give their contact number