How To Make Use Of Brokerage Calculator?

by Pankhudi Dave Head Finance Manager

When buying any land, property or any such significant investments, people are often scared of the brokerage that they will have to pay. Though the broker's main aim is to ease the transaction between a buyer and a seller. Also, in the process help both the parties in completing their objective.

Brokerage seems scary because until and unless you have reached the stage of transactional formality you will not be able to know how much brokerage should be given, sometimes the brokers take advantage of these. We bring to you the easiest way to calculate the brokerage on your investment and save you from paying more.

How to calculate the brokerage?

• The brokerage calculator gives the investor an upper hand in the significant transaction. These calculators come in very handy when it comes buying of stocks and shares.

• Websites like Angel broking provide a fantastic range of brokerage calculation wherein the investor can buy and sell shares at their own selected frequency and quantity.

• These can be calculated on intraday trading, delivery equity, future EQ, COM, CUR, Option EQ, CUR.

• The calculator then displays the turnover, SEBI tax, yearly savings, and competitions brokerage percentage.

Different Brokerage charges

In the stock market, it is somewhat normal to have different brokerage prices; these might range from 0.05 per cent to 0.0035 per cent. These rates determine the transaction charges, if you invest your money in the share market and buy 10000 shares, then 0.0035 per cent of your invested amount will be the brokerage charge on your trade.

To find the right site for the lowest brokerage rate, you can compare brokerage charges and then choose the perfect broking website.

Share Broker

These are authorised representatives of the stock market whose primary work is to earn through these transactions. The 0.05 per cent is considered their fee for completing the transaction between the investor and the buyer. Share broker, however, receives a lot because of investor's lack of knowledge around brokerage fee.

However, they are your link to the share market, and there, you can find the right shares to invest in to receive maximum benefits, mainly when you are engaged in online trading.

Online trading in India
•    Online trading India is a tricky business if you're not an experienced professional in the trade market.
•    The National Stock Exchange and the Bombay Stock Exchange are both parts of the trade market.
•    Online trading can be done, through trading portals which allow you to buy and sell shares with ease through the medium of the internet.

• Most websites offer assistance/brokerage services which allow you to buy their annual or monthly subscription or even daily packages to do trade.

Final Word

Brokerage calculator brings many benefits to the user; you can calculate all the possible brokerage on your different trades. Even for trades, like intraday, delivery equity to many such trades. It saves you from being fooled by brokers who use the lack of knowledge as a way of earning big profits.

Once you crack the books, you can save the brokerage cost entirely; you will need a broker once you begin using the brokerage calculator.