Basically I am very new to stock market, and I would like to learn on how to select a fair broker. Currently I am trading with AxisDirect and I am facing multiple technical issues with the portal while placing orders, and also with brokerage fees.
As per them brokerage fees for NRIs is 0.75%, considering the higher brokerage fee, I always have to trade in large quantity to minimize the brokerage charge per share.
Whenever I place order in higher quantity let’s say 800 shares, they always split into multiple smaller transactions like 100,200,5,10,50 and charge me per transaction, same while selling as well.
When I checked with them, they say it’s volume of seller and buyer available in the market; due to this, I am unable to figure out exact or approx brokerage charges I have to pay while trading.
The brokerage is charged at 0.1% or Rs.200 (whichever is lower) per executed order. Other statutory levies will be charged. You can check our brokerage calculator here: Brokerage calculator – Zerodha and also check this article from the Support Portal.
Zerodha charges brokerage on the executed orders. The order could have been broken down into multiple trades but with the same order number. We’ll charge you based on the number of executed orders.
Here’s an example of the brokerage charges:
Please write to nridesk[at]zerodha[dot]com in case you have any further queries.
Brokerage wise I suggest you look into finvasia as well. they are quite famous for zero brokerage trading.
but their in-house platform (scalpert) is not quite ready made, it requires update especially when it comes to charting, but if you want consider them, you can use NEST. Otherwise KITE would be good for easy and smooth interface
