Who is your best broker and what brokerage they charge to you?
Who is your best broker and what brokerage they charge to you?
My broker - Sharekhan; charges
Equity
For Intra-day Trades -
0.05% on the buy side and 0.05% on the sell side. This is subject to a minimum brokerage of 2 paise per share.
For Delivery Based Trades -
0.50% or 3 paise per share on both sides.
NOTE: Minimum brokerage of Rs. 16/- will be applicable only on SELL Delivery Transactions.
ShareKhan - F&O charges
Futures -
0.05% on the first leg
0.05% on the second leg if squared off on the same day and 0.05% if squared off on any other day.
Options-
Brokerage on Options trades will now be charged on the Premium component instead of the Strike Price which was levied earlier. Brokerage for all the clients will be charged as Rs. 80/- per contract or 1.5% on the premium (which ever is higher) as per the SEBI circular guidelines.
ICICI DirectQuote:
Originally Posted by Sumant
Intra day Charges .05%, effectively it comes out to .068%. same for selling and buying
Normal buying and sales - they charge effectively 0.97%.
Higher than other brokers but I am happy because good interface and connectivity with ICICI Bank.
HDFC Securities - Delivery Based Trades:Equity
Resident Indians - 0.50% or min Rs.25/- or ceiling of 2.5% on transaction value (Both Buy & Sell)
FUTURES MARKET:
0.05% or min Rs.25/- or ceiling of 2.5% of transaction value (Both Buy & Sell)
OPTION MARKET :
Higher of 1% of the premium amount or Rs.100 per lot (Both Buy & Sell)
Guys, Please also add the speed and other services with the trading accounts. This will help new users to make decisions.
Out of the above three, I have used ICICI Direct and Sharekhan and Sharekhan is better in terms of speed.
Indiainfoline
- Brokerage .25 and .025 paise
- Life time demat (No yearly AMC charge)
- Good software ( Both option web based and installed software)
- Good (I am not a big trader do little investment in shares)
I am paying -Quote:
Originally Posted by Sumant
ShareKhan online account brokerage ( 0.2% delivery and 0.02% intraday) - Without any commitment on brokerage generation or advanced brokerage.
1- You will also get Sharekhan Trade Tiger software.
2- Other charges apart from brokerage: Yearly demat charges of 400 Rs ( first year it will be free of cost)
Angel Broking
0.02% on delivery and 0.002% on intraday and gives ODIN, so good speed too.
Zerodha
Rs 20 per transaction
http://www.zerodha.com/main/zerodhapricing.html
Attachment 285
Source - http://www.zerodha.com/
What's your view on Kotak Securities?
Bonanza Brokerage
Intraday 0.02 Paise
Delivery 0.20 Paise
Kotak SecuritiesQuote:
Originally Posted by Master
Intraday - 0.03% (Both Side)
Delivery - 0.3% (Both Side)
Futures - 0.05% of Turnover (Both Side)
Options - 1.5% of Premium or Rs. 100 which ever is higher. (Both Side)
My daily turnover is around - 2.5 to 3 Lacs (Both Side)
Big disadvantage of Kotak Securities is that you can't sell the stock on the next day other that 'A' group shares and when the market is going down sharply, it makes big difference. :confused:
But there is annual maintenance changes of Rs.450. So I would avoid it.Quote:
Originally Posted by Matrix
ShareKhan, Kotak Securities, India Infoline etc all charge AMC. As far as I know only Indiabulls has one time AMC.Quote:
Originally Posted by Aakash
Anybody update Religare and Reliance Money brokarage charges. I had heard that Reliance Money also charge per transactions fixed amount.
They have various plans, I know about Trump Plus.Quote:
Originally Posted by Aakash
Trump Plus - Brokerage is 0.025% for Intraday and 0.25% for Delivery Trades.
Reliance Money has R-Flexi and R-Fixed Plans. Check below links for complete changes -
http://www.reliancemoney.com/custome...ices/CSCharges
I would say that one Stock Broker may be good for one and bad for another, so better first gather below info and decide yourself -
1- Go for a demo of product for speed, how easy to trade, looks :-)
2- Check whether broker trade in both - NSE and BSE
3- Check the integration of Brokerage account, Demat account and Bank account
4- In the last compare brokerages depending on your need
I have a Trading & Demat Account with Angel Broking. I got 0.02% intraday & 0.20% in Delivery (Enough brokerage), Even free Demat account (AMC free). But the Main problem is Penny stocks. Mostly penny stocks among all of them are banned to trade, Even Which can be Multibagger. Now, I am Thinking to Switch my Trading account with other securities. Which one will be better to trade with complete package like Lifetime free Demat, minimum brokerage as paying now, Good software, Online IPO & mutual fund options, No hidden charges & Special one Aloow to trade Iam mostly trade in Penny stocks.
Mohan - Most of the big broker won't allow you to trade in penny stocks.
I would like to recommend Ashlar Online, they are providing Rs. 1 Per executed brokerage plan :)