Hi,
The maximum brok.charges allowed by sebi is 2.5%. No broker can charge more than this. Yet we find that brokerages charge more than 2.5% for Penny Stocks and Trade to Trade Stocks and Z Category Stocks.
Assuming that I purchase X Stock at Rs.20/- and the quantity purchased is 10000/- the rate as per Angel given to me is 0.04 per share chargeable to me, which means that 10000 x 0.04 = Rs.400/- (If the maximum brokerage stipulated by SEBI is 2.5% then how can Angel or any other brokerages charge on Per Share Basis).
Please advise if SEBI has another set of rules for Brokerages for Penny Stock, Trade to Trade Stocks and Z Category Stocks. If Yes, could I know the page from that rules which states as such. Otherwise, if there is no such rules then dont you think those who have been charged like this and those who have proofs should make a complaint to SEBI, NSE or BSE.
Your inputs to this query will help lots of investors/traders.
Regards,
The maximum brok.charges allowed by sebi is 2.5%. No broker can charge more than this. Yet we find that brokerages charge more than 2.5% for Penny Stocks and Trade to Trade Stocks and Z Category Stocks.
Assuming that I purchase X Stock at Rs.20/- and the quantity purchased is 10000/- the rate as per Angel given to me is 0.04 per share chargeable to me, which means that 10000 x 0.04 = Rs.400/- (If the maximum brokerage stipulated by SEBI is 2.5% then how can Angel or any other brokerages charge on Per Share Basis).
Please advise if SEBI has another set of rules for Brokerages for Penny Stock, Trade to Trade Stocks and Z Category Stocks. If Yes, could I know the page from that rules which states as such. Otherwise, if there is no such rules then dont you think those who have been charged like this and those who have proofs should make a complaint to SEBI, NSE or BSE.
Your inputs to this query will help lots of investors/traders.
Regards,