I have just opened the trading account with Angel.
They are offering following brokerage for nifty options.
Rs 30.00 per lot flat each side
That means if buy 1000 (5500 Call options) it would be Rs 600.00 (30*20 lots)
While the actual value of 5500 Call options as on today is Rs 21000.00 (21.00 * 1000)
So I buy today & sale tomorrow it would be Rs 1200.00 brokerage !!!
I know it would be still low brokerage compared with many other good reputed brokers.
What is logic behind flat charges on options rather than percentage broking system ?
They are offering following brokerage for nifty options.
Rs 30.00 per lot flat each side
That means if buy 1000 (5500 Call options) it would be Rs 600.00 (30*20 lots)
While the actual value of 5500 Call options as on today is Rs 21000.00 (21.00 * 1000)
So I buy today & sale tomorrow it would be Rs 1200.00 brokerage !!!
I know it would be still low brokerage compared with many other good reputed brokers.
What is logic behind flat charges on options rather than percentage broking system ?