This isn’t a question about why we have 20 rupees brokerage or such high brokerage.
I am placing an order, if that order executes I pay ₹20 per order to broker. If I cancel, or the order gets rejected, the brokerage is not charged while the broker system is consumed for such resources. Why is that?
Also, just an open discussion, in intraday why both transaction sides, BUY and SELL brokerage is required? If someone is buying(or selling) they have to exit right, so why double charge? I know it’s industry standard but this is nonsense.
You have a valid point. A contract needs to be charged only once. The person who buys has to sell, so the brokerage should be there only for sell side.
Try convincing the Govt. first to abandon the duties, transaction charges etc on the buy orders.
That’s not that huge, they too need money to offer us the best class service.
Let me tell you an incident. Almost a year back I invested in a startup and when I redeemed it the platform charged another 2% plus gst making a total cost 4% plus gst that too on the turnover (buy+sell). Also they charge the same rate from the other party as well. Imagine how costly it became.
In stocks whether you invest 1 lakh or 1 crore you pay only 20 in brokerage which is penny in front of the capital invested.
If you trade long enough with zerodha you will understand
Can’t be paying 45rs per order for a long time, unless your total cap is significant
If the charges are not less than 15% of the profits, then you are losing out a lot due to broker. A Broker who charges less is better till the point you scale to higher cap where reliability and trust plays a bigger role
Not too much , this brokerage is because of multiple leg in an option strategy of Buy/Sell options , but my stop loss is , money earned from the cash trading