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Low Brokerages

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Low Brokerages

The Low brokerages in Delhi are being offered by many broking houses like R.K Global, Zerodha, Rksv and many others who are following the bandwagon. The low brokerage offers in Delhi are based on bringing more clients and providing discounted brokerage plans to them rather than earning more income from few traders.

The Lowest brokerage plans In Delhi are either based on per lot charges at discounted rates like Rs.15 or Rs.20 per lot, irrespective of the trade quantity in that Lot. The trader is charged only a fixed amount on per trade basis.

The trader can select the best Low and discount brokerage plans based on:

PAY AS YOU TRADE, PREAPAID BROKERAGE PLANS AND FIXED BROKERAGE PLANS AS PER TRADE OPTION. The main problem is that there is no plan that fits best to all, so the launch and success of the fixed per lot plans, irrespective of the quantity of trades per lot that is carried out. Many Low brokerages and discount brokerage, plans call themselves as zero brokerage plans just to lure the clients. They are actually taking some fixed monthly or annual charges which suit the trader and then levy no more on their trading volumes.

This way the Lowes brokerages are basically apportioned towards the broking house overheads and the more clients that are added will only increase the revenues of the broker.

PAY AS YOU TRADE:

You will be charged a brokerage on the volume that the trade is constituted. Suppose the brokerage plan is 1000 Rupees per crore, then as per the volume of the trade the pro rata charges are levied by the broker. This was the old and conventional method that was being followed prior to the onset and surge of the low brokerage and discount brokerage models.

PREPAID BROKERAGE PLANS:

This is similar to the above plan and is based on levy of brokerages on the total volume, but here the trader has to pay a fixed amount as advance brokerage and once he completes that amount he will be levied again. This is like a re-charge method and top up of the amount is done from time to time.

Fix Brokerage payment as you trade:

This is a relatively new and upcoming phenomenon in Indian markets for traders .Here the size of the trade is not relevant. The online discount broker charges you for each order executed on the exchange, and the order can of any volume. For example, you may place an order to buy 1,000 shares of Reliance Industries at Rs 740 per share.

If you get one share or all shares in one day, you end up paying a fixed brokerage of Rs 20. Of course, statutory levies follow. In other words, big savings compared to the pay as you trade model of brokerage.

The above brokerage plan as per the fixed per lot models is rather interesting and you may opt for this last option. But let us look deeper at the details.

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