Dear Sir / Madam,
Greetings from Apollo Money !!
We would like to get introduced ourselves, we are south based stock broking firm head quartered at Chennai The company is incorporated in 2009, promoted by Mr.P.B.Subramaniyan a successful entrepreneur and co founder of M/s Apollo Sindhoori Capital Investments Limited ( Now Aditya Birla Money Limited ) . The company has been founded with the aim to provide world class trading experience to the investing community at discounted brokerage rates
The company has around 200 business partners office across India and offers broking service in the segments of NSE Equity, BSE Equity, NSE Futures and Options, NSE Currency Derivatives, Depository services through CDSL & Commodity broking services of MCX
The company network is backed by in-house back office support to provide prompt and efficient customer service
Apollo Money brokerage plans are guaranteed to be lowest in the industry
Apollo Money offer 2 different brokerage plans to suite customer requirement.
Plan -1 : Pay Per Day @ 99 /-
This plan offers unlimited buy & sell without any restrictions on the turnover by paying just 99 / - only per day segment wise
This plan is most attractive since it gets charged only on the traded date , as it is not attached to any commitment or conditions.
Plan - 2 : 18 /- Flat Brokerage per executed order
This plan offers trade any number of shares at a flat rate of 18 per executed order. .In other words the customer needs to pay flat of 18/- only , irrespective of the size of the turnover
Other Charges : Apart from brokerage rates, there are other statutory charges which are charged by the exchanges and government .
The statutory charges are STT , Clearing & Transaction Charge ,Service Tax on Brokerage and Transaction charges & Stamp Duty .
Besides brokerage rates , mentioned herein below the general operating terms
Margins : The company accepts exchange approved collateral stocks towards margins besides cash for exposures in Cash ,Futures, Currencies and Commodities segments
Cash segment : The customer will be extended 7 – 10 times leverages for scrips which are part of A Group and which are having F&O contracts. For other scrips, the leverage will be based on exchange VAR Margins.
For Delivery based trading : The leverages will be 2 times (approximately for 700 stocks) subject to ensuring the minimum exchange VAR margins .Temporary funding will be allowed for a maximum of 7 days.Interest shall be charged for outstanding debits beyond 2 days at 18% per annum.
Futures Segment - The customer will be given 2 times intraday leverage on margin deposit (50 % of exchange margins i.e. Span + Exposure ). All MTM losses are to be cleared within 7 trading days subject of availability of adequate margin for MTM losses.
For carry forward : Exchange margins are required.
Options segment : Buying - Cash is required of the premium value and for short selling applicable exchange margins are required.
Call N Trade : Orders placing through the Head office dealing desk , will attract the additional cost of Rs.20 / per executed order will be charged
Trading Terminal : NSE – NOW terminal will be extended free of cost. The customer has the option to trade from Software, Web Based or Mobile based trading applications
Account opening Charge ( Trading Cum Demat Account ) : Rs. 300./ Commodity – Rs. 100/-
If you have any further query or clarification in this regard, please feel free to contact us.
Thanks & Regards,
Customer Acquisition Team
www.apollomoney.com
Ph: +91-44-71 300 300 / 095661 66002 / 077080 80870
