Moneylicious Capital Charges – Find Brokerage Charges, Account Opening Charges & more

Our article will include the details on Moneylicious Capital Charges. We’ll brief you about the company’s role in imposing certain taxes. Also, we will guide you through the set of brokerage they levy for their specific services.

The company got incorporated in 1997 Sushil Agarwal. Ever since, it’s been leading its way to popularity from the Mumbai based headquarter. Its sole purpose is to elevate the financial lives of its clients. It works rather rigorously for the benefits of its clients round the clock.

All of these innovative platforms enable the company to prove its significance in the otherwise competitive universe of stock brokerage. Speaking of brokerage reminds us of the core reason as to why we scribbled this article. We’ll be taking a quick glance at how Moneylicious Capital Brokerage Charges its clients.

Moneylicious Capital Brokerage Charges

Moneylicious Capital brokerage plans consist of a number of things. The plan has been developed to distinctively charge a similar yet reasonable charge for most their services. The table below enlists the all.

Moneylicious Capital brokerage charges are developed strategically. The charges cater to varying segment of services. Each service requires a specific brokerage payment. You can begin by noticing the table’s topmost section. This part concerns with the Equity Delivery Trading.

The brokerage valid for all services pertaining to it is charged at Rs.18 per order. In fact, the same charge is levied for many more services as well. These services include Equity Futures, Equity Options, Currency Futures Currency Options and Commodity Trading as well.

The services pertaining to Equity Intraday too have a similar payout requirement. However, they come with an option for brokerage. So, the clients may either pay Rs.18 per order or 0.01% whichever is lowest. The minimum brokerage requirement for the company is even limited to Rs.18.

That concludes the brokerage part as established by the company. Nevertheless, there are a few other charges that the clients need to pay. These charges are concerned with the usage of certain platforms and schemes of the company.

We’re referring to a charge of Rs.400 levied for Demat AMC and the Margin money balance worth Rs.10,000. Moneylicious Capital does not ask the clinets to pay any kind of Trading AMCs.

Open Demat Account with Moneylicious Capital – Fill up the Form Now!

Moneylicious Capital Account Opening Charges

If you look into the table below, you’ll get to learn all about Moneylicious Capital Account Opening Charges.

Moneylicious Capital Trading charges as related to Trading Account opening purposes are totally waived off. This means that the clients get to use the platform for free. In fact, Moneylicious Capital AMC Charges pertaining to this platform are also nil.

However, the company does charge Rs.500 in order to allow a new Demat Account to open. They require Rs.400 per annum from their clients in terms of AMC for the same Demat Account.

Find Account Opening Charges of other Stock Brokers

Moneylicious Capital Transaction Charges

Moneylicious Capital Transaction Charges are levied every time a trader or an investor uses the company’s platforms to transact within the stock market.

These charges are levied for trade in all domains and, the charges have been marginalized for the clients’ sake. Anyway, the table below has it all that one must know about these charges.

As you can see from the table, Moneylicious Capital charges 0.00301% of total turnover for all its services. This list includes the services or trades under Equity Delivery, Equity Options, Equity Intraday, Currency Options, Currency Futures, Equity Futures and even Commodity trading.

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Other Charges As Levied By Moneylicious Capital

Moneylicious Capital charges certain taxes as imposed by the government as well. These taxes are well elaborated within the table below.

Moneylicious Capital other charges relate to everything that falls off their brokerage. These consist of a few taxes and account operations charge. The table above tells you about the SEBI Turnover Charges. These charges are levied on behalf of SEBI. A rate of 0.0007% of total turnover is allowed for this purpose.

All transactions concerning securities are even charged with a specific tax call the STT. The rate for incurring this charge is limited at 0.0112% of total turnover. Even the State Laws have some role to play within each trade. We’re referring to the Stamp Duty that has to be paid by the clients for this purpose.

This is a variable charge and can occur at different rates in different states. The company imposes 18% + GST on the clients as well. A GST Value worth 18% on overall brokerage and transaction charges is levied as well. Now, this was all about the taxes one need to pay while trading with Moneylicious Capital.

There are a few other charges apart from these. This list includes the following:

• A payment of Rs.50 per Segment for Account Reactivation purposes.
• A payment of Rs.50 per Segment for Account Closure purposes.
• Lastly, a payment of Rs.44 (one time) for Dematerialization of an account.

Moneylicious Capital Charges – Conclusion

That was all we had to say about Moneylicious Capital Charges. Now you’re fully aware of how the company approaches towards its brokerage incursions.

So, what are you waiting for? Go ahead and sign up to become a trader with them, and keep track of all the Moneylicious Capital Demat Charges.

Open Demat Account with Moneylicious Capital – Fill up the Form Now!

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