Let's have a look at why PER ORDER is OBVIOUSLY the better choice.
PER ORDER Vs PER LOT brokerage
Which one is better?
Read the thread to know why one is clearly better than the other.
A THREAD ...
Let's have a look at why PER ORDER is OBVIOUSLY the better choice.
The majority of the people must be at least selling 2-3 lots in one go. (Assumption)
Per lot brokerage (10 rs per lot) you'll be charged 30 rs buy-side and 30 rs sell-side (as we sold 3 lots), overall 60 rs plus other charges.
If your capital is 10 lakh and above it mathematically makes no sense to opt for per lot unless you are selling 1 lot at a time or punching many orders a day.
(Constantly adjusting)
I majorly sell 20 lots in one go when I trade Nifty/BankNifty. See the charges which I face and also the breakeven pointwise for me.
My charges are almost negligible with per order.
One of the biggest disadvantages of per lot or percentage schemes is that you are charged in percentage when you deal with big capital.
For eg, you take a futures trade of 1 lot. Buy at 34000 sell at 34050.
cont...
Again this isn't wise, if you deal in per order, you buy/sell even 1000 lots max brokerage is only 20rs.
This is a huge cost reduction.
If you become a sub-broker you get back 50% of your brokerage amount generated. So if you opt for per order you can further reduce your brokerage even more thereby making it negligible.
There are NO BENEFITS for per lot customers compared to per order. Whoever tells you there are benefits is purely lying to you and is wanting to make huge money sub broking through people like you.
You shouldn't be opening accounts under anyone unless they are helping you bec a bttr trader by gvg calls/explaining trades for your benefit. Simply opening via their link shld stop if they offer no benefits
This is totally false, I have been approached by brokers who agreed to the NEST platform and per order brokerage. All facilities like collateral/opening all strikes to sell etc was offered.
- Your capital is very low (1 to 5 lakh) in that case per lot 10 rs will make more financial sense to you rather than 20 rs per order as you'll be selling only 1 lot at a time and doubling charges with per order.
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