Help with Indiabulls Options Brokerage

[VijayDT]

What you are saying is just the opposite of what my RM said

He quoted minimum Rs100 and maximum 2.5%.

That is why I am a bit confused as to in what situation will the max brokerage of 2.5% be applicable.


One more thing, I plan to trade about 1 lot of Minifty along with some 2/3 scrips in cash market on intraday basis, with a total turnover of around 3-4 lakhs (buy+sell). My present brokerage is 0.03%. Whats your views on my brokerage, is it ok as per my turnover levels or should I bargain for a bit more.

I hope this charge of 0.03% is only on the one side, if so, then I think brokerage is fine. You need to get the option brokerage right--what they are asking I have not heard before. Either go to a good brokerage house who understands options well and will charge you brokerage such that good portion of profits(if any??) is left after paying due brokerage for that trade.

 

[adityasaraf007]

I hope this charge of 0.03% is only on the one side, if so, then I think brokerage is fine. You need to get the option brokerage right--what they are asking I have not heard before. Either go to a good brokerage house who understands options well and will charge you brokerage such that good portion of profits(if any??) is left after paying due brokerage for that trade.

No.... the brokerage of 0.03% is charged on both the sides. So my turnover of around 3-4lakhs justifies for a lower brokerage :clap::clap:

and what should be the brokerage for options. Is the one suggested by nac seems ok: Rs50 or 1% of premium whichever is higher

 

[nac]

Since your turnover is around 4lakh... I would say .03% is a decent one. Option brokerage I said was decent as well for a starter. I guess you are not much into trading or just starting...

There are brokers who offer lesser than this... But there are things need to be considered before signing.

 

[Capricorn]

No.... the brokerage of 0.03% is charged on both the sides. So my turnover of around 3-4lakhs justifies for a lower brokerage :clap::clap:

and what should be the brokerage for options. Is the one suggested by nac seems ok: Rs50 or 1% of premium whichever is higher

Is that hourly /daily / weekly turnover...

 

[adityasaraf007]

Is that hourly /daily / weekly turnover...

Thats the daily turnover

 

[adityasaraf007]

Since your turnover is around 4lakh... I would say .03% is a decent one. Option brokerage I said was decent as well for a starter. I guess you are not much into trading or just starting...

There are brokers who offer lesser than this... But there are things need to be considered before signing.

Yes, you are right. I have just started trading, infact I am still a college student.