Hello traders,
I want to open a commodity account. After much research i have zeroed on RK Global and Achievers.
I would go for achievers commodity but I have figured out that the turnover charges of Achiever is high (Not confirmed though). As per a word file posted by Timepass it is mentioned that it is Rs. 500/- per crore in commodity. Don't know if that is correct or not.
Now as per my trading style my daily turnover in commodities would range anywhere between Rs. 50 lakhs to a Crore.
As per my past trading experience in commodity with Sharekhan/IIFL/Indiabulls etc. they all charge the Turnover fee as 0.0025% or Rs.250/- per crore. They are all clearing members with the exchange. But Achievers is not.
Now my query is how much RKG is charging as Turnover charges in Commodity? What is the stamp duty of RKG in commodity? Can anyone provide a sample contract note please.
One interesting thing I have discovered is that brokers are charging Rs.100/- per crore in commodity. I have checked both Sharekhan and Indiabulls ECN. While the same brokers are charging Rs. 200/- per crore in equity segment.
I want to open a commodity account. After much research i have zeroed on RK Global and Achievers.
I would go for achievers commodity but I have figured out that the turnover charges of Achiever is high (Not confirmed though). As per a word file posted by Timepass it is mentioned that it is Rs. 500/- per crore in commodity. Don't know if that is correct or not.
Now as per my trading style my daily turnover in commodities would range anywhere between Rs. 50 lakhs to a Crore.
As per my past trading experience in commodity with Sharekhan/IIFL/Indiabulls etc. they all charge the Turnover fee as 0.0025% or Rs.250/- per crore. They are all clearing members with the exchange. But Achievers is not.
Now my query is how much RKG is charging as Turnover charges in Commodity? What is the stamp duty of RKG in commodity? Can anyone provide a sample contract note please.
One interesting thing I have discovered is that brokers are charging Rs.100/- per crore in commodity. I have checked both Sharekhan and Indiabulls ECN. While the same brokers are charging Rs. 200/- per crore in equity segment.