Hello TradingQ&A! I usually do intraday trading. I confused with brokerage calculator for BO and CO. Is that same which is used for intraday brokerage calculations?? If not please explain about it.
Yes…they are the same…BO and CO are intra day trades…charges applicable are those of intra day trades…the only difference is the amount of leverage that you get…for that check the margin calculator
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The brokerage calculator calculates brokerage based on the transaction value of the trade. If you buy 1000 shares of a stock trading at Rs.120, then the transaction value for this trade is 1000*120 = Rs.1,20,000. The brokerage for this trade is Rs.12(0.01% of the transaction value). For all trades with a transaction value of Rs.2,00,000 and above, the brokerage is a flat Rs.20.
This trade can be executed using MIS or BO or CO. This does not change the transaction value. But what does change with BO compared to MIS is the margin required.
BO trades require only 40% of the margin of MIS trades.
This can be verified with the margin calcuator.
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The charges are per script or over all turnover…?