Currency Derivatives At NSE & MCX
USDINR pair....
Lets say 1 lot (1000 USD) margin is 2500/- and brokerage is 10 per lot....
Now buy price is 45.0000 and sell price is 45.0500..
so profit = 50 /-
brokerage is 10 + 10 = 20/-
so balance profit = 30/-
now what are other charges in this transaction at nse and mcx...and what will be the final profit at nse and mcx.....?
thanks capri....
service tax ; 10.3% of brokerage = 2.06/-
sebi turnover fees : 0.0001% of turnover = 0.09/-
final profit = 27 - 28 /-
that means 2.5 paise move to breakeven ....10 tick or pips....
looks like 10 per lot brokerage is too much.....:annoyed:
USDINR pair....
Lets say 1 lot (1000 USD) margin is 2500/- and brokerage is 10 per lot....
Now buy price is 45.0000 and sell price is 45.0500..
so profit = 50 /-
brokerage is 10 + 10 = 20/-
so balance profit = 30/-
now what are other charges in this transaction at nse and mcx...and what will be the final profit at nse and mcx.....?
thanks capri....
service tax ; 10.3% of brokerage = 2.06/-
sebi turnover fees : 0.0001% of turnover = 0.09/-
final profit = 27 - 28 /-
that means 2.5 paise move to breakeven ....10 tick or pips....
looks like 10 per lot brokerage is too much.....:annoyed:
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