Dude 490/- is not little.....
its just double......
Yes, it's more than double(min is 190), but 300 per Cr is
little compared to
3-4 times extra intraday leverage you are getting there. For example, if you are currently trading with intraday X volumes, your volume may increase to 2.5X-3X with Rs 5000 per lot with same capital.
So your profit is at least more than double with the same capital, if you can handle the leverage well. Altough, leverage trading is only for pros, most people will burned out fast.
A simple calculation behind the term 'little':-
300 Rs per cr extra means Rs 60 extra per BNF (5 lot per Cr @25000),
means breakeven Rs 1.5 extra for BNF. But your volume could be at least 2.5-3 times higher(with extra leverage) with same capital comparing to other brokers. So in terms of profit, it's more than double now.
Adding to that cost, they have Rs 50 call and trade( or auto square off same) charge. Be aware of that.
But, we must remember broker need to infuse extra money to provide extra intraday leverage, they pay interest on that money. Hence some overhead cost attached to such high leverage.
Also, leverage trading is not everyone's cup of tea.
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Known broker Astha is giving even less leverage with 0.01% brokerage(means Rs 1000 per Cr) with Rs 190 transaction. So comparing to that fortune is charging much lesser. The transaction charge of Rs 490 with Rs 20 per trade has clearly much lesser breakeven.
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Fortune is not for option seller. Only 3X intraday option selling margin there. Now, Fyers has 4X by default, better option.
Fortune is good for Nifty, BankNifty & Crude Future pro DAY Traders only who can handle extra leverages well.