This article covers the different Achiievers Equities charges that you are required to pay. These costs include transaction charges, brokerage fees, account opening charges, taxes, as well as other charges associated with trading. We will also cover Achiievers Equities Brokerage Charges.
Achiievers Equities is a stockbroker based out of Kolkata. They are known as one of the best awarded discount brokers if you would like to join Achiievers Equities, then you must be curious about the different costs associated with trading through them.
Achiievers Equities Brokerage Charges
Here are the different Achiievers Equities brokerage charges associated with different kinds of trades offered on their platform.
|Equity Delivery Trading||Rs.15 per executed order|
|Equity Intraday Trading||Rs.15 per executed order|
|Equity Futures Trading||Rs.15 per executed order|
|Equity Options Trading||Rs.15 per executed order|
|Currency Futures Trading||Rs.15 per executed order|
|Currency Options Trading||Rs.15 per executed order|
|Commodity Trading||Rs.15 per executed order|
|Demat AMC Charges||Free|
|Trading AMC Charges||Free|
|Margin Money||Zero Margin|
|Brokerage Calculator||Achiievers Equities Brokerage Calculator|
For equity delivery trading, the Achiievers Equities brokerage charges are Rs.15 per order that you execute on their platform. The same applies for Intraday trades where they charge Rs.15 per order. For equity futures as well as equity options, the brokerage charged is Rs.15 per order.
The brokerage charged on Currency Futures trades is Rs.15 per order and on Currency Options trades is Rs.15 per order as well. For trades in commodity markets, they again charge Rs.15 as brokerage fees to their clients.
The minimum brokerage fees charged on any kind of trade made through Achiievers Equities is Rs.15. The Demat AMC charges are free of cost for clients of Achiievers Equities. Likewise, the trading AMC charges are also free of cost. Upon that, there is no need for maintenance of margin money in your account.
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Achiievers Equities Account Opening Charges
Here are the Achiievers Equities account opening charges that you must pay while opening demat and trading accounts:
|Account Opening Charges|
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Rs.750|
|Demat AMC [Yearly]||Free|
|Margin Money||Zero Margin|
The Achiievers Equities Trading Charges are quite low, considering that they are a discount broker. You are not required to pay a one-time trading charge while opening a trading account with Achiievers Equities. They also don’t charge any yearly trading account maintenance charges like some other brokers.
Coming to Demat account charges, you are required to pay Rs.750 as Demat charges while opening your account as a one-time fee. The yearly Achiievers Equities AMC charges for Demat account are free of cost.
The clients of Achiievers Equities are also not required to maintain any margin balance in their account as mentioned earlier.
Achiievers Equities Transaction Charges
Every trader must pay a certain transaction charge to their stock broker for every transaction made through their platform. The Achiievers Equities transaction charges are mentioned below:
|Transaction Charges 2019|
|Equity Delivery||0.00280% of Total Turnover|
|Equity Intraday||0.00280% of Total Turnover|
|Equity Futures||0.00280% of Total Turnover|
|Equity Options||0.00280% of Total Turnover|
|Currency Futures||0.00280% of Total Turnover|
|Currency Options||0.00280% of Total Turnover|
|Commodity||0.00280% of Total Turnover|
The transaction cost charged on Equity delivery trades made through Achiievers Equities is 0.00280%. Intraday trades carry a transaction charge of 0.00280% of the total trading amount.
Equity futures transactions have a transaction cost of 0.00280 percent of the total turnover. Similarly, you are charged a transaction fee of 0.00280% on equity options trades.
For Forex trades like Currency options as well as currency futures, the transaction fee charged per trade is 0.00280% of the amount traded. Achiievers Equities charges a transaction cost of 0.00280% for trades made in commodity markets.
Achiievers Equities Other Charges
Apart from the charges mentioned previously, there are various other Achiievers Equities Charges that a trader must pay. Here are some of these charges:
|SEBI Turnover Charges||0.0002% of Total Turnover|
|STT||0.0115% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of ((Brokerage + Transaction Charges)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.55 per Segment|
|Account Closure Charges||Rs.50 per Segment|
The SEBI Turnover charge on every transaction made through Achiievers Equities is 0.0002% of the total turnover. One of the Achiievers Equities Other Charges is STT which is 0.0115% of the total turnover.
The stamp duty charged on transactions depends on the state you are based in. The GST charged on transactions is 18 percent of the brokerage and the transaction charges.
The margin funding charges are 18% + GST. To reactivate services, you are required to pay Rs.55 per segment you would like to reactivate. For account closure, you are also required to pay Rs.50 per segment. Achiievers Equities charge Rs.60 as dematerialization charges.
Achiievers Equities Charges – Conclusion
The different Achiievers Equities charges were mentioned in the article. The brokerage charges charged by them are Rs.15 per executed order on all kinds of trades. You are required to pay Rs.750 as one-time Demat account charges.
There is no minimum margin money requirement. The transaction charges are 0.00280% of the trading amount. Overall, Achiievers Equities has some of the cheapest brokerage charges. This makes them a good choice for your trading needs.
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