Hi Friends,
I am trading with ICICI direct. I trade only in futures, day trading and BTST.
ICICI direct is charging a lot of brokerage.
Example: Suppose I buy at 220 and Sell at 225 - Lot of 1000 shares.
buy Value = 220000
Brokerage 0.05000% =110
ST Charges 10.30000% =11.33
STT Charge
SEBI Turn over 0.00010% =0.22
Transaction charges 0.00185% =4.07
Stamp 0.00020% =0.44
-------------------------------------------------------
Total Brokerage on Buy ----126.06
Sell Value = 223000
Brokerage 0.05000% =111.5
ST Charges 10.30000% =11.4845
STT Charge 0.01700% =37.91
SEBI Turn over 0.00010% =0.223
Transaction charges 0.00185% =4.1255
Stamp 0.00020% =0.446
---------------------------------------------------------------
Total Brokerage on Sell -- 165.689
---------------------------------------------------------------
Finally My profit is 3000 and brokerage is 300 (approximately).
********************************************************
I do 10 trades a day (Buys +Sells). I need a better house which takes less brokerage.
I found Zerodha charging 110 Rs for the same transaction as above including all taxes Buy + Sell.
Please advice me if you know any one who is good at brokerage for Futures trading. Thanks in advance for your advice.
I am trading with ICICI direct. I trade only in futures, day trading and BTST.
ICICI direct is charging a lot of brokerage.
Example: Suppose I buy at 220 and Sell at 225 - Lot of 1000 shares.
buy Value = 220000
Brokerage 0.05000% =110
ST Charges 10.30000% =11.33
STT Charge
SEBI Turn over 0.00010% =0.22
Transaction charges 0.00185% =4.07
Stamp 0.00020% =0.44
-------------------------------------------------------
Total Brokerage on Buy ----126.06
Sell Value = 223000
Brokerage 0.05000% =111.5
ST Charges 10.30000% =11.4845
STT Charge 0.01700% =37.91
SEBI Turn over 0.00010% =0.223
Transaction charges 0.00185% =4.1255
Stamp 0.00020% =0.446
---------------------------------------------------------------
Total Brokerage on Sell -- 165.689
---------------------------------------------------------------
Finally My profit is 3000 and brokerage is 300 (approximately).
********************************************************
I do 10 trades a day (Buys +Sells). I need a better house which takes less brokerage.
I found Zerodha charging 110 Rs for the same transaction as above including all taxes Buy + Sell.
Please advice me if you know any one who is good at brokerage for Futures trading. Thanks in advance for your advice.
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