Stock Broker Brokerage Fee
For the transactions that a Stock broker does he charges a brokerage fee or a commission for the same. Thus when ever you buy or sell a share you will be expected to pay a brokerage fee which is a percentage of the amount of money that the total transaction is worth. The brokerage fee charged by brokers may be a bit different from each other as it depends on a number of factors. When you open a brokerage account with a brokerage you might be asked to pay a one time fee in order to get your account started.
Most of the top brokerages in the country charge a low brokerage fee as they end up realising profits due to the sheer number of people who trade in India. ICICI direct one of the premier brokerages in the country generally charges a brokerage fee between 0.1 and 0.15 percent of the margin trade transaction done by the trader or the investor. Sharekhan.com another top brokerage in the country charges about 0.5% for inter day trading and about 0.1% for intra day trading.
Another top brokerage 5paisa.com charges about 0.05% brokerage. These figures may change and hence you need to check their individual web sites in order to find out about the latest brokerage fee that they are chasing. Thus you can see that the brokerage fee that is charged by brokers forms a very small percentage of the amount of money that the transaction is worth and hence any one who is interested in stock trading should become a part of it.
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