Why You Should Join Zerodha – Best Discount Broker:
As we started Our Discount Broker Series to help and educate Investors by saving huge money on brokerages that they are paying. Now we are adding the first broker and if we talk about best discount broker then we think the first name comes to anyones mind is Zerodha.
In Today’s world while costs are increasing every day for everything Zerodha has actually made trading very simple and cheap.
While reliability and services are something that are questionable when we talk about discount brokers, Zerodha passes all. To give you assurance of their quality it has maximum number of trading accounts as a Discount broker. And best of all it provides best trading tools among all discount brokers.
The costs are as follow:
|ZERODHA CHARGES||EQUITY DELIVERY||EQUITY INTRADAY||EQUITY FUTURES||EQUITY OPTIONS|
|BROKERAGE||Zero Brokerage||0.01% or Rs. 20/trade whichever is lower||0.01% or Rs. 20/trade whichever is lower||Flat Rs. 20 per trade|
|STT/CTT||0.1% on buy & sell||0.025% on the sell side||0.01% on sell side||0.05% on sell side (on premium)|
|TRANSACTION CHARGES||NSE: 0.00325%|
MCX-SX: 0.027% (on premium)
|SERVICE TAX||15% on (brokerage + transaction charges)||15% on (brokerage + transaction charges)||15% on (brokerage + transaction charges)||15% on (brokerage + transaction charges)|
|SEBI CHARGES||Rs 20 / crore||Rs 20 / crore||Rs 20 / crore||Rs 20 / crore|
|ZERODHA CHARGES||CURRENCY FUTURES||CURRENCY OPTIONS|
|BROKERAGE||0.01% or Rs. 20/trade whichever is lower||0.01% or Rs. 20/trade whichever is lower|
|STT/CTT||No STT||No STT|
|TRANSACTION CHARGES||NSE: 0.00135%|
|SERVICE TAX||15% on (brokerage + transaction charges)||15% on (brokerage + transaction charges)|
|SEBI CHARGES||Rs 20 / crore||Rs 20 / crore|
For instance if you do Rs 500000 Intra day trading daily that is 1000 shares worth Rs 250 bought and sold and your broker charges you 0.05% brokerage on intraday transaction with Zerodha you will be saving straight forwardly Rs 43195 per year that is 80% saving.
Lets take delivery transaction example: If you do Rs 500000 share trading on delivery basis that is 1000 shares worth Rs 250 bought and sold and do such transaction weekly and your broker charges you 0.25% brokerage on transaction with Zerodha you will be saving straight forwardly Rs 62920 that is 97% saving.
Now lets take the example of Futures, EQ, COM, CUR. If you do trading in Futures, EQ, COM, CUR that is 500 shares worth Rs 5000 bought and sold and do such transaction daily and your broker charges you 0.05% brokerage on transaction with Zerodha you will be saving straight forwardly Rs 651900 that is 98% saving. Thats Huge!!!!! Isn’t it.
So what are you waiting for just fill a form here on Zerodha and join it now.
Zerodha Brokerage Charges
- Trading Account Opening Charges (One Time): Rs 300
- Demat account Opening Charges (One Time): Rs 100
- Trading Annual maintenance charges (AMC): Rs 0
- Demat Account Annual Maintenance Charges (AMC): Rs 300 per year (payable upfront)
Now why waiting just fill this form: Zerodha Joining Form and you are through they will call you. They will take care of you and you can expect a call from them within an hour.
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