Maverick Brokers Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Nov 18, 2022Maverick is a reputed firm, winning over the hearts of its client’s with the provided quality assurance. Now than you portray a keen interest in this company and its provided products and services, we would like to declare we have the means to them. We have sorted out the information on all the Maverick Brokers Charges.
Starting from the Maverick Brokers Brokerage Charges, to the account opening charges to the government charges, we have covered them all. This article will basically give you the idea of all the possible charges you will incur.
Maverick Brokers Brokerage Charges
Walking you over the Maverick Brokers Brokerage, we have placed all the charges in a neat and organized way below.
| Equity Delivery | 0.28% |
| Equity Intraday | 0.03% |
| Equity Futures | 0.03% |
| Equity Options | Rs.28 per Lot |
| Currency Futures | 0.03% |
| Currency Options | Rs.18 per Lot |
| Commodity | NA |
| Flat Monthly Fees, if any | NA |
As we know the company provides all kind of investment options. They literally have all the segments listed under them, apart from the recent emerged Commodity trading.
As for the illustrated Maverick Brokers Brokerage Charges, the highest possible charges you will pay are 0.28%, taken from delivery trading.
The next set of charges you will pay is 0.03%, same for intraday, futures, currency futures segment. However, the charges for both the options and currency options are taken on lot basis. Also, the margin amount maintenance is as low as Rs.1,000. This is the cheapest margin you can find with a stock broker in present times.
We also have included a brokerage calculator link for you, which commute all the charges for you. It directly displays the estimated profit of a transaction. It is classified and you can easily calculate the brokerage and profit segment wise.
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Maverick Brokers Account Opening Charges
Should you be a client of this company, you need to pay Maverick Brokers Account Opening Charges, alongside a couple of other charges.
| Trading Account Opening Charges [One Time] | Free |
| Trading AMC [Yearly] | Free |
| Demat Account Opening Charges [One Time] | Rs.300 |
| Demat AMC [Yearly] | Rs.150 per Annum |
| Margin Money | Minimum Rs.1,000 |
| Brokerage Calculator | Maverick Brokers Brokerage Calculator |
| Margin Calculator | Maverick Brokers Margin Calculator |
At the start of availing for a stock broker’s products and services, you need to open a demat account with them. Trading needs of an individual requires an additional trading account, both of which are liable for charges.
While opening a demat account, you will be asked for a charge of Rs.300, however the trading account comes out free with the demat account. Such a charge is one time in nature, and should be provided only at the time of opening an account.
Next set of charges, in cotext with holding a demat and trading account with the company are the Maverick Brokers AMC Charges. Such a charge is to be paid once in a year, cutting on the expense to a great extent. The demat account charges are Rs.150, however the Maverick Brokers Trading Charges are waived off.
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Maverick Brokers Transaction Charges
Maverick Brokers Transaction Charges make up for the charge, which arise every time you make up a trade.
| Transaction Charges 2019 | 0.00333% |
| Equity Delivery | 0.00333% |
| Equity Intraday | 0.00333% |
| Equity Futures | 0.00333% |
| Equity Options | 0.00305% |
| Currency Futures | 0.00305% |
| Currency Options | 0.00305% |
| Commodity | 0.00333% |
Place a trade order, irrespective of the segment you chose to invest in, and there are a certain Maverick Brokers Charges designated to it. You will have to contribute an amount, though a fewer sum, it is yet applicable. Such an amount is deducted on every trade, for each segment.
Also, the segment you invest in doesn’t matter because; each and every segment has a fixed and constant charge. The charge is a total amount of 0.00333%, levied on the total turnover of the transaction.
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Maverick Brokers Other Charges
Account opening as well as transaction charges are not all you need to pay. Additional Maverick Brokers Charges are drafted below.
| 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.45 per Segment |
| Account Closure Charges | Zero |
| Dematerialisation Charges | Rs.45 |
Apart from the transaction charges, there are a set of Maverick Brokers Other Charges applied to a trade. These are the general government charges, and include the SEBI turnover charges, STT, Stamp Duty and GST. They are a pretty low in percentage and account for minuscule portion of charge.
Also, the additional company related expenses are 18% + GST if margin service is availed and Rs.44 if dematerialisation charges are opted for. Also, if you consider closing or reactivating an account, you will have to pay Rs.50 per Segment and Rs.55 per Segment respectively.
Maverick Brokers Charges – Conclusion
Let us conclude this article on Maverick Brokers Charges now. Now that we are through with the charges on the Maverick Brokers Demat Charges, as well as trading account, it seems fair enough for a trade deal.
Yes, the company has drafted the charges as per the industry standards. They have taken clients of all classes into account and provide services to satisfy all of them in general. They are determinant to maintain a fair amount of and working relationship with the company as well.
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