Charges on Intraday Trading

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In this post, we will understand the different charges applicable in Intraday trading in Equity Segment.
Most of discount brokers do not charge anything for delivery based trading. Therefore we would be restricting this post for Intraday Trading in cash/equity segment.

Brokerage

This is the revenue generation of most of the discount brokers. Most of the discount brokers charge usually between 0.01% of turnover to a max of 20Rs per order.
As a trader, if you are the one who does trades in small quantity then it is better to switch to a low-cost broker which charges the least charge like 0.01% of turnover.

GST

This charge varies from broker to broker and directly depends on the amount of brokerage paid.
Usually, it is 18% of the brokerage charged for trades.
Therefore, If you trade in a small quantity, it is better to switch to the lowest possible brokerage plan provided by a discount broker.

STT

Also, know as Securities transaction taxes. This charge is the same across all brokerage platforms. The money collected via STT directly goes to the government.

Transaction Charges

This charge is also the same across all brokerage platforms. This charge is collected by an exchange like NSE, BSE, etc.
They are usually low in amount like NSE charge 0.00325% of turnover.

Sebi Charges

These charges are uniform across all the brokers. It is Rs 5/Crore.

State Stamp Duty

This charge is also uniform across all the brokers. It varies from state to state and the amount is directly paid to state government.

Example

Now, let us find out charges applicable to various discount brokers like Zerodha, Upstox, and AliceBlue.

Here, we have taken an example of buying and selling stocks at 1200 with 50 quantity.

Upstox Charges

Zerodha Charges

Alice Blue Charges

Conclusion

As a trader you need to check your position sizing, i.e. the amount of order you place usually for each trade.
If your per amount trade size is less than 2 lakh then you can consider switching to a low-cost discount broker like AliceBlue.

And, if you are trading above 2Lakh per order then you can choose any discount broker as all have the same charges.

You can open account with Upstox with our referral link. Click here