Hi All
My quest in search for a low brokerage Demat account which is reliable, user friendly and does not involve hidden cost has brought me to this site and seek for help.
I have an ICICI DIRECT AND RELIANCE MONEY ACCOUNT.
I now mostly trade in F&O on Nifty (Index) only.
The Relaince money 1re brokerage does not work out well for this as the calculation for a option buy or sell calculation is really stupid-for e.g. if i buy one lot of 3500 put at a premium price of Rs. 100
The trade amount is taken as (3500+100)*50=180000.
So based on this a PR 500 limit card which is costs Rs. 500 and has a trade limit of Rs. 2lakhs whould expire in one trade(buy/sell) which is ridiclous.
Reliance money works out well for equity trading though.
I know that the brokerage on ICICI DIRECT is also more even though its very user friendly.
I want a DEMAT and TRADING account where the broakerage for F&O is the least and can help huge volume traders.
Please advice.
My quest in search for a low brokerage Demat account which is reliable, user friendly and does not involve hidden cost has brought me to this site and seek for help.
I have an ICICI DIRECT AND RELIANCE MONEY ACCOUNT.
I now mostly trade in F&O on Nifty (Index) only.
The Relaince money 1re brokerage does not work out well for this as the calculation for a option buy or sell calculation is really stupid-for e.g. if i buy one lot of 3500 put at a premium price of Rs. 100
The trade amount is taken as (3500+100)*50=180000.
So based on this a PR 500 limit card which is costs Rs. 500 and has a trade limit of Rs. 2lakhs whould expire in one trade(buy/sell) which is ridiclous.
Reliance money works out well for equity trading though.
I know that the brokerage on ICICI DIRECT is also more even though its very user friendly.
I want a DEMAT and TRADING account where the broakerage for F&O is the least and can help huge volume traders.
Please advice.