Modex Securities Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Nov 18, 2022We suppose you wish to reach out for Modex or simply have already availed for their accounts. Trading is a complex activity and is knowledge oriented. You need to have the understanding of the prices, including Modex Securities Charges, to make considerable amount of returns.
Owning a demat account is the need of trading, it is must, but it is also subject to certain Modex Securities Brokerage Charges. Keep up with this article in order to figure out the number of charges imposed, also the rate.
Modex Securities Brokerage Charges
Modex Securities Brokerage is the first consideration of people to choose a company, so here is the info for each segment.
| Equity Delivery | 0.16% |
| Equity Intraday | 0.02% |
| Equity Futures | 0.02% |
| Equity Options | Rs.16 per Lot |
| Currency Futures | 0.02% |
| Currency Options | Rs.10 per Lot |
| Commodity | NA |
| Flat Monthly Fees, if any | NA |
You can make your own perspective work, and invest with a particular segment. Each of the asset classes has its personal traits, and you can consider the one which matches your risk profile.
Moving ahead, the Modex Securities Brokerage Charges are applicable, irrespective of the segment you invest in.
The first and foremost thing you need to know is that this company does not provide commodity trading. Rest, the delivery trading attracts a charge of 0.16%, however, intraday, futures and currency futures attract 0.02%. This percentage is actually quite low as compared to a lot of other well performing companies.
Lastly, the link tour brokerage calculator is provided in the last row of table. It is a tool constructed by us, to help you ease on the brokerage commutation process. Try the tool to check it for yourself.
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Modex Securities Account Opening Charges
The next charges which set in the play are the Modex Securities Account Opening Charges.
| Trading Account Opening Charges [One Time] | Free |
| Trading AMC [Yearly] | Free |
| Demat Account Opening Charges [One Time] | Rs.160 |
| Demat AMC [Yearly] | Rs.160 per Annum |
| Margin Money | Minimum Rs.15,000 |
| Brokerage Calculator | Modex Securities Brokerage Calculator |
| Margin Calculator | Modex Securities Margin Calculator |
You need to firstly own a bank account with a reputed bank. Following this, you need to set up a demat and trading account to commence your trading activity. You cannot operate your transactions with a demat account, and it would cost you some money to maintain it as well.
You can be at ease regarding such transactions as, they are scheduled as one time and per annum payment. Modex Securities AMC Charges are on a per year basis and account for Rs.160 for the deamt account. Modex Securities Trading Charges per year are free.
The account opening charges on the other front are free from trading account again, and is Rs.160 for the demat account. A margin money is as well applicable, so the clients need to have minimum Rs.15,000 in their account at all times.
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Modex Securities Transaction Charges
Transact hassle free, by paying the Modex Securities Transaction Charges per transaction.
| Transaction Charges 2019 | 0.00316% |
| Equity Delivery | 0.00316% |
| Equity Intraday | 0.00316% |
| Equity Futures | 0.00316% |
| Equity Options | 0.06500% |
| Currency Futures | 0.00290% |
| Currency Options | 0.06500% |
| Commodity | 0.00316% |
A single transaction is a combination of profit, alongside a number of expenses in the form of charges. One from the bunch of charges is transaction charge, and will amount for a percentage in every trade order you place.
Pinpointing the exact Modex Securities Charges, this company set a same charge for all the segments it provides.
Trade with one or more of all the segments provided, and they levy a common rate of 0.00316% for each of the transaction undertaken.
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Modex Securities Other Charges
Apart from the above mentioned Modex Securities Charges, other remaining charges levied are as following:
| 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 | Rs.50 per Segment |
| Dematerialisation Charges | Rs.44 |
We covered up almost all the charges, the remaining charges are illustrated in the table here. Certain Modex Securities Other Charges are also subject to a transaction and consist of government charges.
For all you plan, a minute amount from transactions goes to the government, in the form of SEBI turnover, STT, stamp duty and lastly GST.
They are all charged over the total turnover of a trade or transaction. Apart from that, the company designated account closing charges are nil, however the reactivation charges are Rs.50 per segment.
Modex Securities Charges – Conclusion
Plan out all your strategies, and invest with the company for some fruitful returns. Regarding the Modex Securities Charges they are pretty low and at times below the industry average. So, even with the Modex Securities Demat Charges, the client is likely to earn a high share of profit.
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