lowest brokerage in commodities

[iGuru]

Re: Lowest brokerage in commodities & Turnover Tax

Hi Jagan,

RK Global chagre 0.006% (i.e. Rs. 6 per Lakh) instead of 0.0045% as other changes which include Turnover tax + Stam Duty + Balance (0.0015% as other chages or admin charges, I don't know why they chages this extra)

Regards,

iGuru

 

[OneIndia]

Good info iGuru,

But Stamp Duty @ 0.002% differs state wise, But if we do more trading the stamp duty will settle at max Rs.50 in AP and Rs.250 Mumbai ( Per day wise )

Example if we do only 1 lot crude oil perday as you mentioned, it charge 0.002%
But if we do more then 10 or 20 lots, the stamp duty will settle at max rs.50 in AP and Rs.250 in Mumbai for MCX

 

[iGuru]

Hi OneIndia,

Thanxs for sharing this valuable information to us.

Regards,

iGuru

 

[linux7802]

Hi,

I am new in commodity market and I am paying 0.03% + taxes for buy and 0.03% + taxes for sale brokerage ....is it fine or I need to contact my broker to reduce the charges :thumb:

 

[mehtaka]

Hello frnds...

Read the entire post, can anyone guide/tell me, whether RK Global is the cheapest one than any other broking house?

Also had read the T&C on RK global website, in MCX section, were one point says..
"Allow clients for trading on selective commodity."
can anyone who is a RK Global Client tell me how is this point related. and how their service are?

thanks
Regs

 

[jayhari]

Re: Lowest brokerage in commodities & Turnover Tax

very well explained. Thanks.:thumb:

jaymata di
to all member"s of this forum


i give you my calulation of my comdity a/c


my brocrage is 1/2 paisa (globe capital)

mcx fee :- 2 per lac


if i buy cru oil @ 3670

& sell it @ 3680


profit is see rs 1000 but after deducting charge
turnover
3670 x 100 = 367000
3680 x100 = 368000
total = 735000

means brocrge is 735000 % 0.005 =37 + 3.8(st) = 40
mcx fee 735000 % 0.002 = 14.7 +1.5 (st) = 16.2

total charge 56.2


profit 1000 - 56.2(charge) 943.8

 

[rajbhagalpur]

B. N. Rathi 10/-rs per lot for commodities, 10/- rs per lot for f&o and 5 rs per lot for currency

 

[rajbhagalpur]

B.N.Rathi's ameerpet branch, hyderabad contacts no. 040-66624242/9948812012

 

[netman]

I moved from Indiabulls commodity to Bonanza and got 1 paisa brokerage with no advance payment,
at Bonanza i am able to trade in MCX in browser and odin.

however Recently Indiabulls have integrated MCX trading in PIB and its much more neat and clean than ODIN, but i am not going back as they failed to lower my brokerage and I am annoyed with them now.

for equity i still use indiabulls but for MCX Bonanza is looking good.

 

[thedene]

hi Netman
can you tell me where in Bonanza did u get 1 paisa brokerage. i mean which branch or something like that.