| Apart from the ease and convenience of trading, | | | | Futures and Options are the most popular derivative |
| online stock trading offers numerous benefits such as | | | | transactions in stock trading. The rates for trading in |
| access to real time financial information, live streaming | | | | Futures vary from 0.02% to 0.10% depending upon |
| quotes, live charts, technical analysis tools, multiple | | | | the volume of transactions, higher the turnover, |
| market watch windows, and fully integrated Back | | | | lower the rates. Some brokers charge brokerage on |
| Office. In India, all the major stock trading brokers | | | | both the legs buy and sell whereas some charge |
| offer online trading in stocks and derivative. HDFC | | | | brokerage only on one leg if you square off the |
| Securities, ICICI Direct, Kotak Securities, Religare | | | | position on the same day. When it comes to Options |
| Securities, Asit C Mehta Investmentz.com, India Bulls, | | | | Trading, most of the brokers charge a flat fee in the |
| Geojit, Angel Broking, Motilal Oswal Securities, India | | | | range of Rs.50 to Rs.100 per lot per leg, that is, on |
| Infoline and Reliance Money are few of the big and | | | | each side buy and sell. |
| reputed names on the realm of Online Stock Trading. | | | | 4. What are the Charges other than Brokerage? |
| Here is a broad overview on the prevailing brokerage | | | | Minimum Brokerage (usually a flat fee per trade or |
| rates in India. | | | | per share), account opening charges, demat charges, |
| 1. Brokerage Rates for Delivery Trades | | | | software license fees, (one-time or recurring), and |
| If you buy a stock with a view to hold on to it for | | | | Statutory Charges such as STT (Securities |
| short to long term, the transaction is referred to as | | | | Transaction Tax), Service Tax and Education Cess, |
| Delivery Trade. Brokerage rates for Delivery Trades | | | | Exchange Transaction Charges, Stamp Duty and SEBI |
| vary from 0.10% to 0.60% depending upon the | | | | Turnover Tax |
| volume of transactions, higher the turnover, lower | | | | In the End: |
| the rates. | | | | In most of the cases, brokerage rates are negotiable |
| 2. Brokerage Rates for Margin Trades or Day Trading | | | | and therefore, you should check out with the |
| When you buy a stock for day trading, that is, | | | | brokers to find out the exact structure of brokerage |
| square off the position on the same day, the | | | | rates. Nowadays, many brokers offer advance |
| transaction is charged brokerage at much lower rates | | | | brokerage schemes, limit card schemes, or fixed |
| than delivery trades. The rates for Day-Trading or | | | | subscription plans. However, unless you are an |
| Intra-Day Trading vary from 0.02% to 0.10% | | | | aggressive trader, you will end up paying substantial |
| depending upon the volume of transactions, higher | | | | charges by way of monthly commitment or |
| the turnover, lower the rates. Some brokers charge | | | | subscription fees instead of saving the money on |
| brokerage on both the legs buy and sell whereas | | | | brokerage charges. Most of such schemes are |
| some charge brokerage only on one leg. | | | | nothing but marketing gimmicks to attract the clients. |
| 3. Brokerage Rates for Futures and Options | | | | |