Charges other than Brokerage for Stock Exchange Transactions

[akashji]

Brokerage on Quantity or Turnover???

Dear All,

Am a newbie to trading. About to open my first trading account.

Researched a few brokers. I have a qtn:

When a broker says he is charging 0.03% for intraday and 0.3% for delivery, does he charge this on the quantity or on the turnover?

e.g. if i buy 50 shares of Rs. 100 each, my turnover would be Rs. 5000/-

For delivery, will my brokerage be 0.3% of 50 (quantity) or Rs. 5000/- (turnover)

Sorry, if the qtn sounds too naive, but its imp for me to understand.

 

[jaykardeep]

Hello Akash,charges applied from a broker on your total turnover and not only on quantity. so if you will buy quantity of 50 shares@100=5000Rs will be turnover and Brokerage given on 5000 rs. as u told 0.3% i.e.15 rs.alongwith other tranasation charges applied like STT,TAX ON BROKERAGE,TURNOVER TAX ETC............
So here 15 rs will be exact brokerage given to broker.:thumb:

 

[premsunderdas]

I have a questionon stamp duty. My broker regd. at Mumbai is charging exhorbitant stamp duty of 0.01p. Is it correct.

 

[viharpatel]

Please Anybody tell me what are charges other than brokerage on MCX_SX currency trading please.

 

[Manisha7]

I am new here. Came here as I also want to start my career in share market. I like your post. The detailed instructions and chart of charges given by you is so useful for me in future.

 

[upendragughane]

is there a thing called minimum brokerage charges for religare?

 

[amanprakash]

Hello Fellas,
I am researching this broker "Zerodha" to start trading. Head its name sometimes. People familiar with them, please answer.
They have a Rs.20 brokerage on both legs. What is my trading volume is less than Rs 5000. It means that I have been charged more had I used a broker with 0.3% brokerage.

Support or oppose?

 

[Rameshhs]

sir,can u inform the charges in commodity market
and get some informatiom regarding it

 

[rstariyal]

nice thread
------------
Today I earned rs 73 through Angel brokers in NSE
But in my account they showed only rs 31
So they deducted rs 42 as tax

Can anyone explain these charges ??

 

[shaaya]

Nice thread. I am on my learning curve in stocks. One day i had a good profit but was shocked the next day when most of the profits were eaten by brokerage plus other charges. The real mistake was me doing too much transactions. Now i am learning to understand the extra burden of brokerages and extra charges.