Low Option Brokerage

[andygp]

munde,
can you please quantify how big is big for Geojit? Approximate monthly F&O turnover figure if you can please.

 

[jimross]

Hi,
I am using Sharekhan and its charging 2.5% or (minimum Rs. 100) of premium amount !!!!
Its too hefty I think.
Can I regonitiate the rates now ?

I contacted Angel and they are offering these rates on initial margin of 20k.
Please comment:
0.07 for Intraday, 0.35 for Delivery, 0.07 for Futures, 50 Rs for NIFTY Options, 30 Rs for Mininifty and 100 Rs for stock options.

Should I negotiate more ?

Hi negotiate with them to a larger extent. They are charging you very high. I pay nearly half of the brokerage you mentioned. Angel is good ask him to give you .03% for cash intra and .3% for delivery as well as .03% for futures, well options brokerage, but you can negotiate, seem to be right.

 

[jimross]

please can anyone provide the following details about angel
cash intra brokerage
cash delivery brokerage
futures brokerage
options brokerage
account opening fee
software fee
yearly maintenance fee
thanks.

 

[rserene84]

Guys,

Forget about LOW Options Brokerage. Think about ZERO Brokerage

I personally gave 10,000 in brokerages per day to ShareKhan, they charged me stupid hefty brokerages of above 100 rupees...sometimes Rs 350 per lot per leg!!!

I was fed up and hence I'm now happy with JustTrade.in

See http://www.traderji.com/brokers-demat-matters/24054-f-o-zero-brokerage-justtrade-rk-global.html

Let me tell you, that options brokerage is charged on Turnover! hence such huge brokerage...ok

Cheers!

 

[munde_77]

munde,
can you please quantify how big is big for Geojit? Approximate monthly F&O turnover figure if you can please.

Actually there is no specific condition but I said trading volume will be more than 400 lots per month in options.

You can try rk global or reliance money if your volume is low . If your volume is high you can go for Geojit.
R.K . Global rate is Rs 9 Per lot . They also provide you Diet Odin if you pay some extra charges I thank approximately monthly 330/-

 

[tradzman]

Hello ppl , have you all seen this today's article in ET ..all big brokerage houses India Infoline , Ibulls , Motilal Oswal & Sharekhan have hiked their brokerage .... i think it is better to stick with low brokerage houses like Relmoney, Religare etc ..

Check out this article
http://economictimes.indiatimes.com...okers_hike_their_fees/articleshow/3790154.cms

 

[stockBond]

Guys,

Forget about LOW Options Brokerage. Think about ZERO Brokerage

I personally gave 10,000 in brokerages per day to ShareKhan, they charged me stupid hefty brokerages of above 100 rupees...sometimes Rs 350 per lot per leg!!!

I was fed up and hence I'm now happy with JustTrade.in

See http://www.traderji.com/brokers-demat-matters/24054-f-o-zero-brokerage-justtrade-rk-global.html

Let me tell you, that options brokerage is charged on Turnover! hence such huge brokerage...ok

Cheers!

I suppose u hv unlimited plan with jjusttrade (14 K plan). Are u facing any issues with speed or hidden costs ?

 

[jojutv]

Hi,

i am payin 2.5% or Rs 90 whichever is higher for each lot (market price * lot size) with investsmart. please let me know, whether this is correct or not.

Also as u all have mentioned that u pay Rs.9 per lot or Rs 50/- etc...is this for some advance brokerage being paid...

Thanks

rk global is charging Rs.9/lot.but they charge Rs.299+ ser.tax/monthly ,if u choose only F&O.Still it is the best price.

 

[jojutv]

Is there any method to find out the fair prices of option of call and put of spot

 

[nishith1210]

I am just new member of traderji.com
Regarding your question low option Brokerage. I wan to give all advice,
Try to negotiate brokerage charges with your company relationship executive.
Earlier I am paying Rs 100/lot but after negotiating they reduce it to Rs 50/lot
I have a conversation with angle broking and they said me it will be RS 25/lot.

Why should we pay higher brokerage, there is no means.
Look for other options also and share your valuable information in this platform.

Thanks
nishith