This isn’t a query about why now we have 20 rupees brokerage or such excessive brokerage.
I’m putting an order, if that order executes I pay ₹20 per order to dealer. If I cancel, or the order will get rejected, the brokerage just isn’t charged whereas the dealer system is consumed for such assets. Why is that?
Additionally, simply an open dialogue, in intraday why each transaction sides, BUY and SELL brokerage is required? If somebody is shopping for(or promoting) they must exit proper, so why double cost? I do know it’s trade customary however that is nonsense.
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suprxf:
in intraday why each transaction sides, BUY and SELL brokerage is required? If somebody is shopping for(or promoting) they must exit proper, so why double cost?
Could possibly be to divide the fees by halve between purchaser and vendor. However 40/- per commerce is so so excessive.
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suprxf:
If I cancel, or the order will get rejected, the brokerage just isn’t charged whereas the dealer system is consumed for such assets
Really, plenty of assets are used after the commerce too. Settlement of funds and shares can also be there, which is just when orders are executed.
suprxf:
If somebody is shopping for(or promoting) they must exit proper, so why double cost
To take care of uniformity. Having completely different charges for purchase/promote could be complicated. What in case you are shorting first. Charges on promote or purchase?
Additionally, you may be locked in a circuit intraday. I believe it’s transformed to supply then, or goes to public sale
I believe it might be higher , If Change itself do the job of executing the orders with out Brokers
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You will have a legitimate level. A contract must be charged solely as soon as. The one that buys has to promote, so the brokerage must be there just for promote facet.
Attempt convincing the Govt. first to desert the duties, transaction fees and so forth on the purchase orders.
its simply 20 rupees. cease complaining.
That’s not that massive, they too want cash to supply us the very best class service.
Let me inform you an incident. Virtually a 12 months again I invested in a startup and once I redeemed it the platform charged one other 2% plus gst making a complete price 4% plus gst that too on the turnover (purchase+promote). Additionally they cost the identical price from the opposite occasion as nicely. Think about how expensive it turned.
In shares whether or not you make investments 1 lakh or 1 crore you pay solely 20 in brokerage which is penny in entrance of the capital invested.