What are cm charges and why doesn’t zerodha charge any on options trading, but some of the brokers do?
This page on the Fyers website explains this -
Clearing Member means a member of the Clearing Corporation who clears and settles trades through the Clearing Corporation. Further, a CM may clear and settle deals either on their own account or on behalf of their clients subject to the terms and conditions prescribed by the Clearing Corporation.
CM charges may vary from exchange and instrument wise.
Since 22nd March 2019, Zerodha has become a clearing member and self-clears its trades -
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