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How do I get the lowest brokerage?How much Do I Save with Low Brokerage?Is Low brokerage Really important?


How do I get the lowest brokerage?

Part of selecting a broker to trade with involves getting the best price for your brokerage. Many brokers in India offer brokerage rates on a percentage basis. For example, you might have heard a broker sell you that he offers "0.05%" as lowest brokerage or "5 paisa brokerage." Both 0.05% and 5 paisa brokerage mean the same thing -- he will charge you 5 paisa per Rs. 100 of turnover. 

 

First rule of getting lowest brokerage: understand the rates that your broker is giving you.

 

5 paisa brokerage -- that sounds cheap, right?

On paper, 5 paisa brokerage sounds like a great deal. It is such a low number that we sometimes forget to think how it can add up! For example, let's say you are a casual investor and you think the Indian market is going to go up in the next 7 months or so. You want to invest your money on the NIFTY index. Let's say NIFTY is priced at Rs. 6,000. Some of you may know this and some of you may not -- you cannot just buy a quantity of one of NIFTY future. The exchange usually trades NIFTY in "lot sizes." One "lot" of NIFTY is a quantity of 50 shares and is the minimum any broker will let you trade with.

 

Now, think about it. If you want to buy and sell one lot of NIFTY (that is, 50 shares), your turnover is Rs. 6,000 * 50  = Rs. 3 lakh for buying. Let's say after 6 months, you sell it for Rs. 6,050. Your turnover for selling would be Rs. 6,050 * 50 shares = Rs 3.025 lakh.

 

Do you know what your brokerage for that would be? Your turnover for one lot of NIFTY is 3 lakh + 3.025 lakh = 6.025 lakh. A broker offering you 5 paisa brokerage would take 6.025 lakh * 0.05% ~ Rs. 300.

 

Rs. 300 may not sound bad, but most people would like to trade more than just one lot of NIFTY Futures. If you traded 5 lots of NIFTY futures, you are paying your broker over Rs. 1,500 for one single trade! That is not the lowest brokerage you can get if you look around.

 

And then there are hidden fees....

Always watch out for the hidden fees that brokers slide in to your total. Hidden fees can come in the following forms:

 

  • Extra fees for delivery shares

  • Software charges

  • Annual Maintenance Fee

  • Minimum turnover commitment

Last, ask if a broker is going to keep sending you tips and trade calls

Many brokers will continuously call you and send you recommendations and tips from their research desk. Watch out because this is done to purely earn brokerage revenue from you. Ask your broker to not send you tips/recommendations unless you specifically ask him to do so.

 

Finding the lowest brokerage in this market can look challenging. However, if you mostly trade using your computer or mobile, you should take a look at discount brokerage plans that are offered from discounted brokers that we are associated with . Whether you are an investor or day trader, take a look at our plans that aim to offer India the lowest brokerage.

 

How Low Brokerage Can Save You in F&O

 

If you are a trader in Nifty futures, who wants to double his capital by intraday trading within 1 year, then see the calculation below and see why a low brokerage is absolutely MUST to achieve this aim.

Who - Traders in Nifty Futures
Aim - Double a Capital of 1 lac in 1 year
How - Trade in Nifty Futures on Intraday Basis

With a Capital of Rs. 1 lac, you should be able to trade in 4 lots of Nifty Futures at current rates. To double your money, you actually need to earn 500 Nifty Points, if you are trading with Nifty Futures. To do that, you have approximately 220 trading days. Lets assume you trade on a Daily Basis and Intraday only. Hence, you need to earn 500/220 = approximately 2 points per trade. Easy? Now look at the calculations below:

Total No. of trades = 250 (for ease of calcuation)
No. of Points earned = 500
Total money earned on 4 lots = Rs. 1,00,000
Brokerage per lot = Rs.150-250 per lot
Total Brokerage per day for 4 lots = Rs. 600 to Rs. 1000
Total brokerage for the entire year = Rs. 1,50,000 to Rs. 2,50,000

Net Profit - Brokerage = Rs. 50,000 to Rs. 1,50,0000 LOSS

Now one can argue that by trading in Nifty Futures, 500 points can be achieved in half of that time. Lets assume that you can achieve this target in 6 months, instead of 1 year. This is a pretty aggressive assumption, because if this is true, you can potentially double your capital every 6 months. Still, lets go ahead with this calculation:

Total No. of trades = 125
No. of Points earned = 500
Total money earned on 4 lots = Rs. 1,00,000
Brokerage per lot = Rs.150-250 per lot
Total Brokerage per day for 4 lots = Rs. 600 to Rs. 1000
Total brokerage for the entire year = Rs. 75,000 to Rs. 1,50,000

Net Profit - Brokerage = Rs. 25,000 PROFIT OR Rs.50,0000 LOSS

Hence, we see that with a brokerage of Rs. 150-250, which is the prevailing rates for most brokerages as of now in India, it is next to impossible to generate consistent returns from the market by Intraday Trading.  So Switch to Low brokerage providers like us and turn your loosing trades into profitable ones..

Zerodha is a revolutionary online trading platform designed to allow active traders to buy and sell financial instruments such as stocks, futures & options, currencies and commodities under a never seen before brokerage-free model in order to deliver the maximum value and benefits to our clients.Our core philosophy centers around creating a brokerage-free world. While the majority of brokerages and trading institutions in the category follow an approach which maximizes their profits by charging brokerage as a percentage of each trade which can add up to thousands of rupees per day per trader, at Zerodha we believe in empowering our clients and increasing their chance of succeeding in the marketplace by charging a simple 0.01% of the turnover or a maximum of Rs. 20 only per transaction fee regardless of trade size.Trading with us is quick, easy and reliable. Our trading platform is a customized version of the NEST trading platform which is India's most reputed trading platform. The customizations make it a unique product by itself. Zerodha Trader provides you with cutting edge features and built-in security. You can either download and install our trading platform directly onto your computer or trade online by simply logging into Zerodha Web.We decided to create Zerodha based on an in-depth understanding of how the odds are always stacked against active traders in the financial markets. A study conducted by us revealed that almost 90% of active traders in the markets lose money in the long run. One of the fundamental drivers that defines this reality is the fact that till date brokerages in India have always charged traders a percentage brokerage of their trade amount, regardless if one makes or loses money on a particular trade. This insight inspired us to create a whole new way of trading, reflected in our mission and vision.

 

The founders of RKSV have over fifteen years of active experience trading on the American and European markets. In 2008, we decided to develop and trade proprietary strategies on the Indian markets. Over time, as we accumulated an increased breadth of experience, the RKSV team expanded to include risk specialists, trading analysts, and a seasoned IT force. RKSV became an active participant on many of the major exchanges.

As we watched the interest from retail traders grow over the years, we decided that it was time to put our products and people at the forefront. Given our background in trading and technology, our goal expanded to provide the best trading experience possible for our clients.

Indian retail clients are already facing some of the highest trading costs in the world; we would like to do our part by slashing the fees behind electronic trading. Our per order traded pricing model and unlimited trading models help you gain deep discounts on brokerage.

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