made a 'Maruti 'but lost a Honda in commissions : any good broker out there ...?

#1
I took a dig and ICICIdirect's F&O and realized the HUGE cost of commissions at Rs 75 / Lot ( That is JUST COMMISSIONS ) other overheard yet to be accessed.
So HOW can someone trade in options that are :
<> Not expensive
<> Whose Market lot # is less e.g. NIFTY
when the commission catches up with you ...
what do people do .? are there brokers who take resonable commissions and what are they ...pl helpa ilaa
 

SavantGarde

Well-Known Member
#3
One has couple of cheaper choices.....RK Global & Zerodha

RK Global... has Rs.9/- per lot brokerage but they have some issues with frequent Terminal freezes...but it seems they have improved somewhat on this issue from whatever feedback I have received so far...while Zerodha has Rs.20/- per Order..... while they too have few teething problems .....from whatever one has read in terms of feedback in the Zerodha thread.

Do go through their Threads in the Broker section for various feedbacks by end users.


SG



I took a dig and ICICIdirect's F&O and realized the HUGE cost of commissions at Rs 75 / Lot ( That is JUST COMMISSIONS ) other overheard yet to be accessed.
So HOW can someone trade in options that are :
<> Not expensive
<> Whose Market lot # is less e.g. NIFTY
when the commission catches up with you ...
what do people do .? are there brokers who take resonable commissions and what are they ...pl helpa ilaa
 
Last edited:

.Pride.

Well-Known Member
#4
One has couple of cheaper choices.....RK Global & Zerodha

RK Global... has Rs.9/- per lot brokerage but they have some issues with frequent Terminal freezes...but it seems they have improved somewhat on this issue from whatever feedback I have received so far...while Zerodha has Rs.20/- per lot..... while they too have few teething problems .....from whatever one has read in terms of feedback in the Zerodha thread.

Do go through their Threads in the Broker section for various feedbacks by end users.


SG

a small correction:
zerodha has Rs.20 per order irrespective of the trade size


customer care is excellent...and i haven't faced any of the regular issues with other brokers such as order execution, terminal disconnection, etc...
only drawback is the lack of proper charting facilities...
 
Last edited:

NiftyFantasy

Well-Known Member
#5
a small correction:
zerodha has Rs.20 per order irrespective of the trade size


customer care is excellent...and i haven't faced any of the regular issues with other brokers such as order execution, terminal disconnection, etc...
only drawback is the lack of proper charting facilities...
I feel that 9/- or 10/- per lot option is better than fixed 20/- per lot for small traders. Say if i have bought 10 lots 5500 pe @44/- at a fixed rate of 20/- okay good. (you are forced to buy 10 lots to take advantage of flat brokerage even if your capital size does not allow this).

I strongly beilive that market will go down from here.... but PE went to 42...40...38.. (and it is most common that you have bought @44/- and price will definitely fall from that level in 99.99% cases) the zerodha customer can not do anything but RKG customer can also buy @42-40-38 and in that case the RKG customer will be in profit than zerodha....and that is the real difference between zerodha & RKG etc.

But yes zerodha is better for whom who do not trade less than 4-5 lots at once in any case.

and pride if your TP is my SL then of course my TP sould be your SL :p
 

Broker Special Offers

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Name:Phone:
Email:City:
State:
Are you a day trader?