For example, If you are trading in nifty options and typically as most of the brokerages in the market are charging extra 2 rupees(some charging one rupee extra) on buying and extra 2 rupees on selling- If you buy 10 lots( 10 * 50 = 500) of nifty at 50 Rs then it comes to you with brokerage at 52 Rs. i.e actual cost is 500*50=25000 Rupees. With Brokerage 500*52=26000 Rs. It means 1000 rupees brokerage on buying. Similarly you will be charged 1000 rupees brokerage on selling. To buy and sell 10 lots of nifty option, you are charged 2000 rupees brokerage.
With Zerodha the brokerage for buying will be 20 Rs( As it is per trade based not per lot based) and for selling 20 Rs. Zerodha charges just 40 rupees .Example if buying and selling 10 lots of nifty options compare to 1000 to 2000 rupees charged by many of the brokerage firms in market but zerodha charges only 40 rupees(buy and sell).
The same applies in equity market too. If you are buying 1 lakh rupees worth of stock for delivery, typical you will be charges 300 rupees to 500 rupees where as you will be charged just 0.10% or 20 Rupees which ever is lower.In Zerodha No minimum amount criteria, no hidden charges, no charge for software and with excellent customer support.What are you waiting for, Switch to zerodha and Save 80 to 90 % of brokerage charges you are currently paying.
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