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Extra charges by brokers

This is a discussion on Extra charges by brokers within the Stock Market forums, part of the Business & Finance category; Sir I have an trading account with Angel Broking Limited. I was told about my brokerage only while opening my ...

     
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  #1  
Old 08-14-2010, 08:26 PM
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Join Date: Aug 2010
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Angry Extra charges by brokers

Sir
I have an trading account with Angel Broking Limited. I was told about my brokerage only while opening my account where as in my one or two transaction when I verified my contact notes, I saw some extra charges were laid as brokerage. On asking for clarification I was told that it is a policy of company that a customer has to generate a minimum brokerage of Rs. 30/- or 2.5% of trading amount whichever is less. If not then the company will charge extra to complete the total brokerage. I mailed to SEBI regarding the clarification but no response came from SEBI till now. It is not right that a customer is bound to trade to generate a brokerage of minimum of Rs. 30/- per contact note. My grievances in this regard may be shorted out in this concern.



Thanks & regards
Rabi Narayan Das
Ph. No.-9312529731
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  #2  
Old 12-04-2010, 03:46 PM
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Default Min. charge for trading

Sir,
to my knowledge this charge is applicable for every com pany or every company is following this. Don't know the validity of this charge.If i can know more , ishall let you know

Thanks
Marketing Manager
Dialkerala123trading.com

Quote:
Originally Posted by Rabinarayan View Post
Sir
I have an trading account with Angel Broking Limited. I was told about my brokerage only while opening my account where as in my one or two transaction when I verified my contact notes, I saw some extra charges were laid as brokerage. On asking for clarification I was told that it is a policy of company that a customer has to generate a minimum brokerage of Rs. 30/- or 2.5% of trading amount whichever is less. If not then the company will charge extra to complete the total brokerage. I mailed to SEBI regarding the clarification but no response came from SEBI till now. It is not right that a customer is bound to trade to generate a brokerage of minimum of Rs. 30/- per contact note. My grievances in this regard may be shorted out in this concern.



Thanks & regards
Rabi Narayan Das
Ph. No.-9312529731
Reply With Quote
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