Which broker provides lowest brokerage in FnO? Any body having less than 4 paise ?

[trade2411]

Hi guys,

Need your help. I trade in FnO mainly in nifty futures but i m having to pay a lot of brokerage everyday , i.e 4 paise for buy leg and 4 paise for sell. total 8 paise and about 100 rs of other taxes which go to govt. Can any body suggest me any broker who can provide less than 4 paise . I would be really greatful for your help

 

[Smart_trade]

Re: Which broker provides lowest brokerage in FnO? Any body having less than 4 paise

Hi guys,

Need your help. I trade in FnO mainly in nifty futures but i m having to pay a lot of brokerage everyday , i.e 4 paise for buy leg and 4 paise for sell. total 8 paise and about 100 rs of other taxes which go to govt. Can any body suggest me any broker who can provide less than 4 paise . I would be really greatful for your help

Your brokerage is too high....no one pays more than 1 paisa for buying and 1 paisa for selling these days.....go for Zerodha, RKSV or any other brokerage which offer 1 paisa or less....

Smart_trade

 

[peppyabhi]

Re: Which broker provides lowest brokerage in FnO? Any body having less than 4 paise

Hi guys,

Need your help. I trade in FnO mainly in nifty futures but i m having to pay a lot of brokerage everyday , i.e 4 paise for buy leg and 4 paise for sell. total 8 paise and about 100 rs of other taxes which go to govt. Can any body suggest me any broker who can provide less than 4 paise . I would be really greatful for your help

you are paying way above the normal standards. generally any broker would settle for 2 paisa to 2.5 paisa. Highest these days would be 3 paisa. And if you are a volume trader (more than 2 crores intraday every day), you may even get 1 paisa brokerage. 1 paisa brokerage is something given only to commited volume traders. try sharekhan, iifl, religare, angel etc.

 

[soft_trader]

Re: Which broker provides lowest brokerage in FnO? Any body having less than 4 paise

Smart_trade is right. 0.01% is a norm these days. For getting 1 paisa brokerage no volume commitment needed. Go for Zerodha, 0.01% or Rs. 20/- per trade whichever is lower. :clap:

 

[trade2411]

Re: Which broker provides lowest brokerage in FnO? Any body having less than 4 paise

Guys, thanks so much for your inputs. I did arrange with HSBC for just less than 2 paise. However, i will try out zerodha.

 

[mattvc]

Re: Which broker provides lowest brokerage in FnO? Any body having less than 4 paise

why don't u consider zerodha. they r very good to me.

 

[mprakash1972]

Re: Which broker provides lowest brokerage in FnO? Any body having less than 4 paise

you can also consider interactive brokers they charge 0.01% for futures.
regards,
m prakash

 

[ubertrader]

Re: Which broker provides lowest brokerage in FnO? Any body having less than 4 paise

Hi guys,
different brokers have different overall costs like STT, transaction charges, stamp duty etc. . Brokerage is one part of the cost. Has anybody done any analysis on that ? I am trying to work on that and any input is welcome....

 

[trade2411]

Re: Which broker provides lowest brokerage in FnO? Any body having less than 4 paise

Hi guys,
different brokers have different overall costs like STT, transaction charges, stamp duty etc. . Brokerage is one part of the cost. Has anybody done any analysis on that ? I am trying to work on that and any input is welcome....

yes if you trade only one lot and your brokerage is aobut 20 rs.. then u wud end up paying about 170 rs in total for one transaction..

 

[NIFTY_TRADER]

Re: Which broker provides lowest brokerage in FnO? Any body having less than 4 paise

RKSV is the best broker

you will save thousands of rs on brokerage.