Elite Wealth Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Nov 16, 2022Elite Wealth, a secured wealth planner, provides wide range of financial services in market. Resources are proving to be productive in market. All these services are at very efficient rates.
Starting with Equities, Currencies and Commodities, these trading options has captivated the industry in recent times. Corporation deals in efficient diversified range of equities currencies and commodities.
Let’s have look on Elite Wealth Charges, its transaction, brokerage and account opening charges.
Elite Wealth Brokerage Charges
Encountering present charges of company on services as a renowned broking house.
| Brokerage Charges | |
| Equity Delivery | 0.33% |
| Equity Intraday | 0.03% |
| Equity Futures | 0.03% |
| Equity Options | Rs.33 per Lot |
| Currency Futures | 0.03% |
| Currency Options | Rs.33 per Lot |
| Commodity | 0.03% |
| Flat Monthly Fees, if any | NA |
| Brokerage Calculator | Elite Wealth Brokerage Calculator |
Elite Wealth Brokerage charges on equities are competitive in market. Beginning with Equity Delivery, brokerage charges imposed are 0.33 percent. Commission or brokerage charges on Equity Intraday are said to be 0.03 percent.
Futures are highly leveraged investments. It is said future markets are very liquid and commissions and execution costs are low. Brokerage charges on Currency Futures and Equity Futures are 0.03 percent.
Assets like natural resources are covered under the section of commodities and is one of the safest modes to invest in market. Charges recovered by company on an agreement in commodities are 0.03 percent.
Commodities represent actual, physical products, while stocks represent ownerships – a part in the future cash flows of a company.
Clients pay Rs 33 per lot on buying or selling Equity options. Similarly, brokerage charges levied are Rs 33 per lot om Currency Options. It is said that more volatile a currency, the higher will be its option value.
Compare Stock Brokers
Get a Call back from Elite Wealth – Fill up the form Now!
Elite Wealth Account Opening Charges
Elaborating in depth knowledge of Account Opening charges imposed on Trading account and Demat account.
| Account Opening Charges | |
| Trading Charges [One Time] | Free |
| Trading AMC [Yearly] | Free |
| Demat Charges [One Time] | Rs.230 |
| Demat AMC [Yearly] | Rs.333 per Annum |
| Margin Money | Minimum Rs.5,000 |
Clients can get free services of trading account in Elite Wealth. On complementary, company does not charge any account maintenance charges, as most of other company impose high AMC annually.
You must be thinking, what more to ask for? Company surprises investors by giving smooth services of Demat by just paying Rs 230. It is beneficial to have a demat account, as it allows traders and investors to hold their shares and securities in electronic format.
Elite wealth assists clients with great services on demat account by charging just Rs 333 account maintenance charges. Investors pay this amount once in a year.
In demat, investor do not hold any cash in hand, it is similar to a normal bank account where you can get all the entries on passbook.
Find Account Opening Charges of other Stock Brokers
Elite Wealth Transaction Charges
Before getting in to trades, it is important to know the transaction charges applicable on each service client choose. Therefore, demonstrating below Elite Wealth Transaction Charges.
| Transaction Charges | |
| Equity Delivery | 0.00275% |
| Equity Intraday | 0.00275% |
| Equity Futures | 0.00275% |
| Equity Options | 0.00275% |
| Currency Futures | 0.00275% |
| Currency Options | 0.00275% |
| Commodity | 0.00275% |
Investors can get clear image of equity delivery here, when you buy any share and hold It for some time, it is delivery-based equity, whereas buying and selling holdings on the same day is said to be Equity Intraday.
Coming on to equity options and currency options, options are cheaper in market than any other stock available. Clients can definitely look for growth in these options.
Talking about profits, commodities are proven asset to jump higher in stock market. Corporation promotes commodities, as this option is clients centric.
Elite Wealth has surprisingly imposed flat 0.00275 percent of transaction charge on each service. So, it is clear that on each transaction done in any of the above, transaction fee set by firm is 0.00275 percent.
Find Transaction Charges of other Brokers
Elite Wealth Other Charges
There are some charges applicable on purchase and sale of any product which is as important as above charges. These charges if ignored can create a disruption in smooth trading. Hence, illustrating below Elite Wealth Charges for our valuable clients.
| Other Charges | |
| SEBI Turnover Charges | 0.0002% of Total Turnover |
| STT | 0.0126% of Total Turnover |
| Stamp Duty | 0.002% – 0.004% – Depends on State |
| GST | 18% of (Brokerage + Transaction Charges) |
| Margin Funding Charges | 18% + GST |
| Reactivation Charges | Rs.50 per Segment |
| Account Closure Charges | Nil |
| Dematerialization Charges | Rs.15 |
Focusing on dematerialization, for those who are not aware of it, dematerialization is conversion of securities into electronic format. Elite Charges on Dematerialization are Rs 15.
In addition to that, Reactivation charges levied are Rs 50 per segment. Clients at any time can request for reactivation of services. Furthermore, Charges like SEBI charges, STT and GST are some mandatory charges levied on buying and selling of any resources.
Open Demat Account with Elite Wealth – Fill up the Form Now!
Find Stock Broker Charges of other Broking House
Most Read Articles
