I want to open trading account with angel brokers.
1)They said that Intraday broker charge (0.04%) include all taxes
like service tax,STT,stamp duty etc.( if initial margin cheque is more than 25000)
2)It is possible to transfer money from angel brokage account to
saving account of ICICI,AXIS,SBI (through online banking).
I have doubt about above facts.
Are they true ??
Hi,
I think the above statements are true ... If you still want lower brokerage, you can look at RK Global and Zerodha ... Intra-day in RK Global will be 0.02% ... And Zerodha is fixed of 20 Rs per transaction ....
And any broker, you should be able to integrate with all banks like ICICI, Axis and SBI through online internet banking
Good luck with your trading ... Watch my videos in youtube to get the basics right
THANKS FOR THE REPLY
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I have opened account with Angel brokers.
It will activate within one week.
Then above facts will be clear to me
today I traded in NSE with the help of Angel
Today I traded in NSE with the help of angel brokers.
I earned rs 73 (without tax)
But in my account it only showed rs 31
So they deducted rs 42 as tax
Yes. Always remember that, apart from brokerage, there will be transaction charges, STT and stamp duty that's charged
I know these things.
But see what happened to me.
--------------------------------------
Date :-14 may 2013
total profit without tax = 73.15
total brokage =10.98
STT= 6
service tax =3.89
NSE=1.44
Stamp Duty =.89
SEBI= .04
-------------------------------
total tax = 23.24
profit = 73.15
tax= 23.24
----------------------
total profit (with tax) = 49.91
But they give me only only 30.88
Even they are taking brokage more than .02 % (see attested pictures)
what can we do if a broker cheat us in india ??
I dont think this may exactly be called cheating ... I just think you may not be reading the brokerages involved clearly ...
To be honest, the only thing we can do is close the account and start trading with a new broker ...
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