Fairwealth Securities Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Nov 17, 2022This discourse is a one stop solution for all your queries on Fair wealth charges. Highlighting about firm, Corporation is superstore for online and offline trading. Apart from that all the services are speedy and secure.
Clients at any point of time can take help from research desk to experience flowing trade. Coming up with charges part, here we will discuss Fairwealth Securities Charges and Fairwealth Securities Demat charges.
Fairwealth Securities Brokerage Charges
We know that a brokerage charge is typically a flat fee or a standard percentage charged to the buyer, the seller, or both. Let’s discuss Fairwealth Securities Brokerage Charges ahead.
Brokerage Charges | |
Equity Delivery | 0.40% |
Equity Intraday | 0.04% |
Equity Futures | 0.04% |
Equity Options | Rs.60 per Lot |
Currency Futures | 0.04% |
Currency Options | Rs.40 per Lot |
Commodity | 0.04% |
Flat Monthly Fees, if any | NA |
Brokerage Calculator | Fairwealth Brokerage Calculator |
Brokerage charges varies from company to company in Industry. Brokerage fee determined for Faiwealth on Equity Delivery sale/ purchase is 0.40 %.
The most important reason for corporations to issue shares is to raise money and this is the best way of trading for the investors looking for financial growth. Taking the discussion on charges, brokerage commission on Equity Intraday is 0.04 percent.
Statistics above reveals, 0.04 percent is the brokerage charges for Equity Futures, Currency Futures and Commodities. Moreover, Trading company levies 0 flat monthly fee on resources.
Equity options has low risk involved comparatively and charges levied are Rs 60 per lot whereas Rs 40 per lot is the tax levied on Currency Options. Fairwealth ensures clients to take them to their economic goals fairly.
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Fairwealth Securities Account Opening Charges
The basic way to enter in stock market is to choose the right company dealing in trade and open an account. Here are Fairwealth Securities Account Opening Charges.
Account Opening Charges | |
Trading Charges [One Time] | Free |
Trading AMC [Yearly] | Free |
Demat Charges [One Time] | Rs.250 |
Demat AMC [Yearly] | Rs.300 per Annum |
Margin Money | Minimum Rs.15,000 |
Directly looking on charges for account opening in firm. It is clear that no charges are applicable on Trading account opening and maintaining the same. Online trading is certainly as good as offline trading at providing security for your financial transactions.
Similarly, Demat is considered to be safest mode for buying and selling of shares and stocks in market. Account opening charges on Demat are Rs 250 for one time along with that, Rs 300 is the charge for maintaining the account.
Demat AMC is the annual charge. Services through trading and demat account are easily accessible and can be acquired as required. Margin Money ratio is Rs 15000 given to clients and can be varied according to capitalists need.
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Fairwealth Securities Transaction Charges
Below are Details of Fairwealth Securities Transaction Charges.
Transaction Charges | |
Equity Delivery | 0.00325% |
Equity Intraday | 0.00325% |
Equity Futures | 0.00210% |
Equity Options | 0.051% on premium |
Currency Futures | 0.00210% |
Currency Options | 0.051% on premium |
Commodity | 0.00280% |
In any instance of buying or selling brokerage house takes the transaction charges for providing the service. Fair wealth gives competent rates of transaction and is chosen by many traders.
Commission on single transaction imposed by company is 0.003250 % and Transaction charge for Equity Intraday is .003250 % for single settlement.
Company determines 0.051 percent charges on Equity Options and Currency Options. This charge is levied on premium only. Transaction charges on commodities are 0.002800 %.
To buy and sell Equity Futures and Currency futures, consumer need to pay 0.002100 % transaction fee. The best strategy to buy and sell shares are to study the market deeply. Rise and fall of the market decide the profit earned by consumers.
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Fairwealth Securities Other Charges
This section covers charges other than Transaction Brokerage and Account Opening.
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 | Zero |
Dematerialization Charges | Rs.25 |
As it is clear form table, the SEBI Turnover fees on the NSE and the SEBI turnover fees on the BSE are the same and percentage is 0.0002 %.
And STT charges can’t be deducted while computing capital gains, so charges levied determined are 0.0126 % of total turnover.
Clients willing to reactivate services need to pay Rs 50 for segment they wish and charges levied on electronic format of shares are Rs 25.
Account closing services are free. If we talk about stamp duty, the ratio changes from state to state but Goods and Services Tax are fixed on resources.
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