iCharts Discussions

[shankaar10]

Request users to provide this small informaton so we can compile and see the best brokerage firm in terms of charges..for future, options and shares..

thanks,

[Allwell]

Trade Jini, Rs. 20/- per trade

[Niftyman]

SASOnline - 9 per trade and 999 per month unlimited fno (nse)

[TLS2010]

Hi Shankar,
Good initiative !!!
Maybe a excelsheet will help in analysis, making it easier to compare.

Having said that, let me also point the fact that its not only the brokerage that we must be concern but also see how frequently we trade and what type of a trader are you.

Everything boils down to number of trades we take and the qty/lots we trade.
So the broad classification that we should look at is :
Monthly charges (unlimited trading) v/s per trade charges v/s per lot charges

[SUNILARORA]

Tradejini and Zerodha charge Rs. 20 per executed order

and Hdfc sec, Religare, sharekhan , Edelweiss, Indiainfoline and most of the companies charge different brkg charges from different clients

it depends upon clients bargaining power and Volume

mostly their charges are from 0.01 % - 0.05% for intraday
and 0.1% - 0.5% for delivery
For options Rs 10 per lot to Rs 100 per lot

[anusantosh]

I trade with Sharekhan. I trade only index options. They charge Rs.4 per lot but their platform Tradetiger is good and customer care is B-. Trading naked nifty with them is horrible!

[umesh1]

Friends,
All brokerage houses have various packages for various traders style,depends on volume and capital one can bargain brokerage and exposures,
Discount brokerages attract many clients proclaiming unlimited trade for X or XRs per order,but do check&verify on nse the other charges of such broking cos as they certainly make up good by twisting on other charges and also expect one to keep handsome amount to get exposure,at the end of day its not much difference in either of them,so look for good consistancy connectivity/services and safety of your capital.
So far i havent met a trader who has made profits by saving on brokerage,its the strategies that pay off whether you are with discount broker or a full fledged broker providing all products,
Cheers

[pkholla]

[vaishuu82]

[quote="pkholla"]

[shankaar10]

Thanks for your input ...this helps new traders to take a call on that... i agree that brokergae is not deciding factor and should not be ...in making profits and that should be least bothered area once u r up and running with strong proven strategy...

if u r trading to generate regular income of monthly 5 to 10% return with very low risk then brokerage is deciding factor...

I am dealing with single broker for past 10 years they are not cheap but that is my comfort level with them..

anyway please do share this may help many people...


thanks,

[sarala]

Angel charges Rs. 0.65 and Rs. 1.65 per NIFTY and BANKNIFTY quantity. And they provide exposure 8-10 times for intraday.

[AmitSwl_FnO]

Type of brokerage plan or company shall vary from trader to trader.For example a trader investing in cash segment based on fundamentals having 2-5 trades a months may look for a broker who provides a lot of reports etc, in this case discount brokerage may not help, a day trader placing 3-10 trades a day may opt for discount brokerage like tradejini,sas,achivers etc based on his turnover.If cost is the only criteria,,,look for a common total of

a) Trans. Fees
b) Stamp Duty
c) Brokerage
in conjunction with frequency of trading and turnover and any other charges.Also subtract discounts like tradejini cashbacks icharts fees.Also take feedback of services like trade on phone etc , for example Zerodha is struggling here as on date.


Of course choosing a brokerage house does not make profits but is surely adds to profits in the long run...so i differ with Umesh on this...each professional trader in my opinion should make a good research of brokerages, and choose a broker which is suitable to him/her.

tx
amit

[umesh1]

Friends,
Its a myth you save with discount brokerages,if you are a trader with good volumes negotiate with a reputed broker and you can get better than the discount brokerage houses ,i have seen their calcis showing big savings,it only saving big if you do 100 lots a order,but if its executed in 10 bits of trades remember you pay for the trades executed not your single order.The other charges is a catche as no one with lower volumes verifies it , i have switched from a discount broker to a branded,saving on brokerage and getting more leverage eventually saving on funds being locked with discount brokings.
if one trades in range of 10/20 lots a day for him discount broker is advisable
Trade where you are making money
Cheers

[pkholla]

I agree with what Umesh writes. In addition there are fixed charges like STT, Stamp Duty, SBT, NSE cess, etc etc +variable like ST =14% of Brokerage, so we dont save much anywhere, unless the broker works for free
Ultimately what I keep in mind is that a PROFITABLE TRADE means that someone else is paying for all the above. And I am doing just that this year (with 195 profitable trades + THREE minor losses)!
+ My fone based broker has become a friend + sounding board who readily gives a second opinion on the phone before placing my order
Which internet based discount broker does that? Prakash Holla
Oh I forgot: I pay
Intra cash scrip= 0.05% one way
Delivery cash scrip = 0.35%
NFO: dont trade
Single scrip fut = 0.35% one way
Single scrip option = Rs 50 per lot one way

[vaishuu82]

No major difference between discount brokerage and the others;somehow they will charge as there nothing is free in this world;it depends upon the trader as he can customize to his needs;
Overall needed capacity is decision making on entries and exit and taking the sole responsibility of losses without any emotional feelings