Before opening an account with any broker, it is a nice decision to see what brokers charge on making transactions in stock market. Intraday Charges could differ from broker to broker. Therefore, use this Brokerage Calculator that will help you to find what brokers charge you for Intraday Trading.
Try with Different values (Buy, Sell, Quantity) to see difference in charges of Top brokers at different levels. It is likely to help you pick best broker for you.
Intraday Brokerage Calculator
How to Use Intraday Brokerage Calculator?
It is quite easy to use that. To find charge across Top brokers, you have to enter Quantity (that you will trade like 100 shares or 5000 shares), Buy Price (Your Buying Price for shares), Sell Price (Your selling Price of shares).
Thereafter, just hit Calculate Brokerage button and that’s it. You can see Intraday charges of Top Brokers.
To use Calculator with different values again, you can click Reset button and calculator will turn into new one again.
What is TURNOVER?
Turnover is the total value of transaction you made in Intraday Trading. It is the number based on which Intraday charge is calculated and imposed on us.
Suppose, you bought 10 shares of ABC company at ₹60 and sold the same quantity at ₹65. While you are buying, your Transaction value will be Rs 600 (10 shares × ₹60 share price). And when you are selling those shares Intraday, your transaction value will be Rs 650 (10 shares × ₹65 share price).
To calculate Turnover, we will add Buy Transaction value and Sell Transaction value to get a one amount. In our case, it will be Rs 600 (Buy Value) + Rs 650 (Sell Value) = Rs 1,250.
So, if we Buy 10 shares at ₹60 and sell that shares at ₹65, our Turnover will be Rs 1,250.
Charges included in Intraday Brokerage Calculator
Displayed charge amount includes all fees and charges that will be imposed on you for Intraday Trading.
Beside of Brokerage (that is charged by broker like Zerodha, Upstox for their services), you are also charged for STT, Exchange Transaction charge, GST, SEBI Turnover charge, Stamp Duty. All these charges have been included in Calculator while calculating Intraday cost across Top Brokers.
You can refer this link Which Broker is Best for Stock Trading in India to know about the charges in detail.
How Reliable is Intraday Brokerage Calculator?
There could be slight differences between actual charges charged by Brokers and figures showed in the calculator. But, numbers will be almost same as compared Orginal fees of brokers.
How Intraday charges will be paid?
Whether it is Intraday or Delivery charges, they will be automatically deducted from your Ledger/Fund balance visible in your Trading Account. You wouldn’t be required to pay them through any special type of payment.
Why is there Big difference in Intraday Charges in some brokers?
Several Brokers have different models of charging Brokerage fees. For example, Zerodha charges brokerage fees of 0.03% or Rs 20 (whichever is lower) on transaction. Angel Broking charges 0.25% or Rs 20 on transaction (whichever is lower). This causes Big difference in Intraday fees of brokers if you do small amount of transaction. When you will do Big Amount Transactions, this difference will start declining. Try with Calculator to see that.