I want to trade in high frequency mode (100-200 trades a day) using DOM(Depth of Market) or Price Ladder. Each trade is going to be around 5-10 seconds long where I am looking to capture about 0.03-0.5% at max. I have paper traded and found this method of trading highly accurate and this is something that suits my personality as a trader as well.
However, even if I'm making a profit, the net result is still a loss after considering the taxes and brokerage being charged on each trade. Hence, I want a broker who satisfies the following conditions:
1. The platform has the DOM or Price Ladder functionality.
2. The broker provides Bracket Orders since I want to set a stop loss and target before entering the trade.
3. I have to pay the brokerage and taxes monthly and not on each trade. If I am making a profit of ₹0.5 on one trade, there should be no charges on that individual trade, not even STT. I should be able to retain that profit as a whole. The taxes and brokerage should be charged monthly or annually.
4. The platform should be free of technical glitches, orders are placed as soon as possible and the data is reliable. Basically, the platform should be suitable for scalping.
Any professional scalper or trader knowing any broker which satisfies the above conditions, please help me out.