Farsight Securities Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Nov 17, 2022Farsight, incorporated on 1995, are spread over 50 cities and works in around 100 branches. Farsight not only has one of the largest retail networks but also caters determined desks for HNI’s, QFI, NRI & NBFCs.
In this discourse, we will focus on charges levied by firm on the products and services provisioned by them. Let’s start with Farsight Securities Charges.
Farsight Securities Brokerage Charges
This part centers towards Farsight Securities Brokerage Charges. Brokers impose brokerage fees for services such as purchases, sales, consultations, negotiations, and delivery. Discussing below fee determined by a broker to execute transactions or provide specialized services.
| Brokerage Charges | |
| Equity Delivery | 0.35% |
| Equity Intraday | 0.04% |
| Equity Futures | 0.04% |
| Equity Options | Rs.75 per Lot |
| Currency Futures | 0.04% |
| Currency Options | Rs.50 per Lot |
| Commodity | NA |
| Flat Monthly Fees, if any | NA |
| Brokerage Calculator | Farsight Securities Brokerage Calculator |
Investors can plan their financials with firm as it is one of the trustworthy platforms for online and offline trading. Brokerage charges are also not so high.
Attention investors… Farsight Securities Brokerage Charges on Commodities is NIL. Company welcomes you to trade in commodities freely. Along with that, no flat monthly fee is levied. To calculate further taxes, investor can use Farsight securities brokerage calculator.
Beyond that, brokerage charge on Equities sale/purchase for the same day is 0.04 percent. In continuation, commission imposed on Equity Futures & Currency Futures is 0.04 percent.
When sale and purchase done in equity options, brokerage fee levied by firm is Rs 75 for one lot where in Rs 50 is the brokerage charge for Currency Options. Equities Currency and Commodities is the right approach to invest the capital in market, says contemporary market.
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Farsight Securities Account Opening Charges
Provisioning below Farsight Securities Account Opening Charges. Company is rewarded to be one of the best in class dealing rooms, so why not look for more details to know their accomplishments.
| Account Opening Charges | |
| Trading Charges [One Time] | Free |
| Trading AMC [Yearly] | Free |
| Demat Charges [One Time] | Rs.250 |
| Demat AMC [Yearly] | Rs.399 per Annum |
| Margin Money | Minimum Rs.1,000 |
Above table generates the idea that company values the client’s capital and intentions. By not making problematic for clients, company gives free service of trading account. For Demat account, charges are very low. To open a demat account you just need to pay Rs 250 for one time.
It is clear from data that, account maintenance charges in case of Trading is 0 and for Demat account maintenance, taxes are Rs 399 per annum.
If clients look for borrowing capital to boost their investment amount in trading market, Farsight gives an option of Rs 10000 as margin money. Client can ask for more if required.
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Farsight Securities Transaction Charges
Ready to start trading… Great! Gather some more info of Farsight Securities Transaction Charges to enter in industry like a pro.
| Transaction Charges | |
| Equity Delivery | 0.00295% |
| Equity Intraday | 0.00295% |
| Equity Futures | 0.00295% |
| Equity Options | 0.00295% |
| Currency Futures | 0.00295% |
| Currency Options | 0.00295% |
| Commodity | 0.00295% |
Equity allows traders to use more of incoming cash flow to operate and grow the business and in Currency, a small deposit can control much larger total contract value. Commodities works as neutralizer in market.
It ensures diversification and improves risk-adjusted returns. Transaction charges on these services are decided by company itself.
To make business effortless, corporation has determined 0.00295 % of transaction fee on buying and selling of all the services.
In depth, transaction charge for one settlement is 0.0295 % in any of the following (Equity Delivery, Intraday, futures, Options & Currency Options, futures).
For commodities also transaction fee is 0.0295 %. Trading in Equities and Derivatives makes your investments as your rewards.
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Farsight Securities Other Charges
Worried about other charges? Don’t be. Showcasing here other Farsight Charges on trade services.
| 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.35 |
As we all are aware of Goods and services tax applicable on resources, it is 18 % of brokerage and transaction charges.
Investors can calculate it by taking in consideration above given Brokerage and transaction fee. SEBI are the general charges same for all companies, which is 0.0002 percent of total turnover.
Focusing on important part of this section, Account Closure charges are NIL for clients. Restarting the resumed services is also very simple.
Consumer needs to pay Rs 50 for one segment and for further reactivation the amount is added on. Dematerialization & Margin funding charges are displayed above.
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