best broker for intraday trading

[GAIV]

I am looking for a 3 in 1 Bank Brokerage house which offers 0.01% for futures (with or without upfront brokerage). Can any one help?

 

[molthi]

I am not a day trader and use Reliance Money , its not good for Day traders,
Friends of mine told me that Religare is best for Day trading as they provide ODIN too

Religare good 1.5 and 15 paise respectively for intra and delivery. Margin for intra is 7 times if not wrong.

 

[ibrarul_haque]

hi traders

thanks for voting. Keep the votes coming. Also would appreciate ur experiences with brokers,good or bad. I would also like to know the brokerages rates, software, services etc. Provided by different brokers. I went thru many similar threads, but the information provided is not updated like rates etc.

If u can specify why u prefer a particular broker, it would be very helpful. I m from mumbai n i hav an account with sharekhan currently. Their service is good, but brokerage is high, currently 50 p n 10p for del n intraday each side. Also i hav not tried their trade tiger software. Has anybody used it. They hav 3 amc schemes with fixed brokerages. Has anybody got lower brokerages by negotiating with them.


Cheers

yes brokerage can be negotiable if ur volume is high it can come to 3 paise for intraday and 35 paise for delivery.amc scheme is good, brokerage will be less .get scheme of 6000 amc.bye

 

[gulshanranjan]

Angel & religare provides odin diet software & its really good software. way2wealth also have very good service & professional management, never heard any kind of cheating issue abt them.

 

[jitu11]

lazytrader, can you suggest me a better brokerage for trading in options? I am planning to start intraday on options, doing now with sharekhan (Rs.70/lot - total Rs.160 with all taxes) seems very costly for trading in options.

According to me, RK Globals option brokerage is chip.
It is Rs 9/- per lot one side with taxes extra.

The Brokerage Structure for the Options Transaction will be as follows:

Script Name - Nifty 50

Action - BUY
Lot Size - 50
Strike Price - 3100
Premium Price - say,20
Total Premium - 1,000
Total Turnover - 1,56,000

Brokerage Flat -Rs 9/- per lot
Service Tax -(10.30%)= 0.93
STT = Nil
NSE Charges - (0.071%)= 0.71
Service Tax on NSE - (10.30%) = 0.073
Other Charges - (0.00225%)= 3.51
TOTAL (Rs) =14.22

Action - SELL
Lot Size - 50
Strike Price - 3100
Premium Price - say,25
Total Premium - 1,250
Total Turnover - 1,56,250

Brokerage Flat -Rs 9/- per lot
Service Tax -(10.30%)= 0.93
STT -(0.017 % on premium amount)=0.21
NSE Charges - (0.071%)= 0.88
Service Tax on NSE - (10.30%) = 0.090
Other Charges - (0.00225%)= 3.52
TOTAL (Rs) =14.63

Therefore,Total Brokerage on Buy and Sell=Rs28.58/-

 

[darkstar]

Religare good 1.5 and 15 paise respectively for intra and delivery. Margin for intra is 7 times if not wrong.

yes i am also believing that religare is very good , i am their client

 

[nura4285]

India infoline is the best till my experience. their brokerage is also completely negotiable... lemme know if u need any help in getting the brokerage reduced

 

[mannasri]

Hi,
Anybody can please tell me, that I have traded of around Rs.15000/- with ICICIDirect

So, how much I will be charged for brokerages?

 

[jitu11]

Hi,
Anybody can please tell me, that I have traded of around Rs.15000/- with ICICIDirect

So, how much I will be charged for brokerages?

If you only buy of Rs.15000/- share in Delivery,then the brokerage is
Rs. 112.5/-(0.75 paise for Rs.100/-) with Taxes extra.
Taxes will be Rs 12.542/-

 

[bangerabs]

Angel & religare provides odin diet software & its really good software. way2wealth also have very good service & professional management, never heard any kind of cheating issue abt them.

What are the broking charges?