Hi Everyone!
I am currently having SBI Cap security account. I recently performed intraday trading of 3400 shares with buying price of 8.75/- and selling price of 8.80/-
(Its called volume trading, where one buy and sells large number of lower price stocks with and earn profits at very less margin).
Here I made 0.05/- (5 paisa) per share. hence my total profit I thought came out to be 170/- rs.
But when i saw my contract note cum bill at the end of the day, I was shocked to pieces to know that I actually lost around 222/- rs on the entire transaction. Its because the SBI charged 5p brokerage per stock for buying and selling.
Hence, I have decided to switch to another trading broker online (who can offer much lower brokerage for volume traders like me).
I shortlisted following:
1. F6 Finserve (previously known as WISDOM CAPITAL) (0.01% for Intraday, 0.1% for Delivery )
2. ZeroDha (Rs 20/executed order or 0.01% (intraday) or 0.1%(delivery)
whichever is lower)
3. Trade Plus Online (0.1% delivery and 0.005% intraday)
4. RKSV Securities (Free Trading: 5 free trades each month, for life, Rs. 20 per order traded afterwards, regardless of the size of the trade
It would be helpful if i can get some inputs from everyone regarding their experiences with all of these trading broker hidden brokerage charges, services and credibility.
thanks.
I am currently having SBI Cap security account. I recently performed intraday trading of 3400 shares with buying price of 8.75/- and selling price of 8.80/-
(Its called volume trading, where one buy and sells large number of lower price stocks with and earn profits at very less margin).
Here I made 0.05/- (5 paisa) per share. hence my total profit I thought came out to be 170/- rs.
But when i saw my contract note cum bill at the end of the day, I was shocked to pieces to know that I actually lost around 222/- rs on the entire transaction. Its because the SBI charged 5p brokerage per stock for buying and selling.
Hence, I have decided to switch to another trading broker online (who can offer much lower brokerage for volume traders like me).
I shortlisted following:
1. F6 Finserve (previously known as WISDOM CAPITAL) (0.01% for Intraday, 0.1% for Delivery )
2. ZeroDha (Rs 20/executed order or 0.01% (intraday) or 0.1%(delivery)
whichever is lower)
3. Trade Plus Online (0.1% delivery and 0.005% intraday)
4. RKSV Securities (Free Trading: 5 free trades each month, for life, Rs. 20 per order traded afterwards, regardless of the size of the trade
It would be helpful if i can get some inputs from everyone regarding their experiences with all of these trading broker hidden brokerage charges, services and credibility.
thanks.