I would say, with all due respect to your ambitious start, you might want to consider trading with one lot in the beginning till you are consistently profitable and then trading 2 lots to take partial profits on 1 lot and swing the other lot.Once you are confident of 2 lots over a period, then add as many lots.The key when starting is not to get into the negative emotions.All the best for you in your trading career.
Zerodha....
- Thread starter bharath.mang
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- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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Pardon me but I think a solid platform should get priority over most things but I don't think the two things in question are that inter-related anyway. While I understand that if you've a lot of your capital locked up in stocks then you'd want to get margin on that but platform is something VERY essential for EVERYONE & margin-on-stocks doesn't affect everyone to the same extent but a solid international-quality platform (at reasonable price :lol
is something Indian traders within India have been literally DYING to get their hands on
is something Indian traders within India have been literally DYING to get their hands on Since you said you are new to market, here are the details for 4 lots of NIFTY.
Buy value = 4*50*4820 = 9,64,000
Sell value = 4*50*4840 = 9,68,000
MTM (Gross Profit) = 4,000
Less:
Brokerage 40.00
Stt Total 164.56
Total Tran Charge 104.33
Stamp Duty 50.00
Service Tax 14.43
Education Cess 0.29
Higher Edu Cess 0.14
Net MTM 3626.25
But as some other member suggested, try with one lot till you get familiar
with the market. Then you can think of adds.
And search for a brokerage calculator of Zerodha on their website, and you
can calculate these figures yourself.
All the best!
Buy value = 4*50*4820 = 9,64,000
Sell value = 4*50*4840 = 9,68,000
MTM (Gross Profit) = 4,000
Less:
Brokerage 40.00
Stt Total 164.56
Total Tran Charge 104.33
Stamp Duty 50.00
Service Tax 14.43
Education Cess 0.29
Higher Edu Cess 0.14
Net MTM 3626.25
But as some other member suggested, try with one lot till you get familiar
with the market. Then you can think of adds.
And search for a brokerage calculator of Zerodha on their website, and you
can calculate these figures yourself.
All the best!
Pardon me but I think a solid platform should get priority over most things but I don't think the two things in question are that inter-related anyway. While I understand that if you've a lot of your capital locked up in stocks then you'd want to get margin on that but platform is something VERY essential for EVERYONE & margin-on-stocks doesn't affect everyone to the same extent but a solid international-quality platform (at reasonable price :lol is something Indian traders within India have been literally DYING to get their hands on
is something Indian traders within India have been literally DYING to get their hands on
Platform Solid bhi banao saath mein NOS bhi laga do Jo racing cars mein lagti hai so it very very fast mere ko koi problem nahin hai
But what i require is what i am asking for and its basic :clapping:
a dependable software is what you require and margin is what i require i hope you understand now
R
Hey, fantastic to see you guys looking for a more solid international-quality platform, thanks for this great initiative :thumb: As I've said before, if you can provide an international quality platform then you'll definitely be crowned as India's Top Broker by the trading-community, as you'll've had all the other brokers beaten on all the major fronts - brokerage, CC & platform
Hi J,
Most of the brokers today don't like to do clearing inhouse...Clearing is the process where for eg in derivatives, money is credited/debited from the right accounts and matches with the f&o position credits/debits. ILFS does it for us, indiabulls, w2wealth, karvy etc... The other big clearing member is edelweiss which does it for angel, indiainfo and other big ones...
The reason we have gone ahead with ILFS is because they are the only pure clearing member(they have sold the trading business to HSBC) and hence no conflict of interest. When a clearing member decides to clear the trades, he also guarantees the exchange for every position of the trading member would be honored... Hence this rate varies for brokers who are new to already existing brokers....
There are also big brokers like, religare, reliance money and etc.. who though are clearing members, the clearing members are subsidary companies...These guys end up charging transaction fees like Rs 600 for futures, but what they basically do is move money from one entity to the other....
I would be probably crucified by other brokers for sharing things like these in public domain.......
Most of the brokers today don't like to do clearing inhouse...Clearing is the process where for eg in derivatives, money is credited/debited from the right accounts and matches with the f&o position credits/debits. ILFS does it for us, indiabulls, w2wealth, karvy etc... The other big clearing member is edelweiss which does it for angel, indiainfo and other big ones...
The reason we have gone ahead with ILFS is because they are the only pure clearing member(they have sold the trading business to HSBC) and hence no conflict of interest. When a clearing member decides to clear the trades, he also guarantees the exchange for every position of the trading member would be honored... Hence this rate varies for brokers who are new to already existing brokers....
There are also big brokers like, religare, reliance money and etc.. who though are clearing members, the clearing members are subsidary companies...These guys end up charging transaction fees like Rs 600 for futures, but what they basically do is move money from one entity to the other....
I would be probably crucified by other brokers for sharing things like these in public domain....
...
Thanks for all information. Its confirm that the transaction charges(NSE turnover tax) is part of brokerage(If TM also CM) or part will go to CM( Clearing Member) and other taxes like STT, Stamp, Service Tax etc go to Government Only.
I would like to check that Transaction charges differ from broker to broker and there is no rules from SEBI or NSE, also the same for both intraday trades or carry forward trades.
I found from link www dotnseindia dot com/content/nsccl/nsccl_foclgmember dot htm that
Clearing Member Eligibility Norms
Net worth of at least Rs.300 lakhs. The net worth requirement for a CM who clears and settles only deals executed by him is Rs. 100 lakhs.
Deposit of Rs. 50 lakhs to NSCCL which forms part of the security deposit of the CM
Additional incremental deposits of Rs.10 lakhs to NSCCL for each additional TM in case the CM undertakes to clear and settle deals for other TMs.
Zerodha should become clearing member to reduce trading cost in Zerodha. I have to wait, If I will start now trading in future in Zerodha, my monthly trading cost will increase by big amount..
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