By: Monkey Singh

Monkey Singh — Thu, 11 Jul 2019 21:08:01 +0000

Zerodha’s online PR is massive and overhyped. They just advertise themselves as one of the few brokers charging the lowest. But the absurdity in charging brokerage is such that you will eventually pay more or less the same as what you pay other companies. Here is how it works – now you would always want the best deal in your trade right? And hence in most of your trades, you will play the tug of war and try to get it at a difficult price. So let’s say you order 1000 shares of maybe Vodafone and it gets executed in multiple bits…there are some trades that even get executed in just one share. Like, if youre unlucky, you might end up with 50 different trades or even 100. They will charge you 20 Rs for EVERY single trade! Look at the absurdity in this…a 12 rs share, some of the trades getting executed with just one share bought or sold, they will charge you 20 rs plus a dozen odd stupid charges and taxes. If you’re really skilled in intraday and make sure to always get profits out of your trades, then go for Zerodha. If your earnings in each session are like barely 1000 Rs, you can expect 0 Rs to be credited into your account because most of it will be eaten by those people in the form of charges and taxes.

Comments on: Lowest Brokerage Charges in India

By: Monkey Singh