Steel City Securities is one of the best considerations in stock brokers out there. They have a significant customer base, as their motive of service customers in the best possible way, paid off. They have catered to majority of the investor’s need, by just charging a small amount as Steel City Securities Charges.
Yes, if you wish to get associated with the company, you have to pay a certain amount every time you commence a trade. Not only the brokerage charges, you also have to pay other set of charges including the Steel City Securities Brokerage Charges. Take a quick look to know how the charges of this company are designed.
Steel City Securities Brokerage Charges
Take a glance at the fixed Steel City Securities Brokerage to know how much of your profit would go to company accounts.
|Equity Options||Rs.28 per Lot|
|Currency Options||Rs.18 per Lot|
|Flat Monthly Fees, if any||NA|
Investors are generally and keenly bothered with the brokerage charges taken by a stock broker. This is because they are the highest of all other Steel City Securities Brokerage Charges.
A fine part of the transaction is paid to the company from the profit and so panic is justified.
Precisely going through the segments individually, we will check out the brokerage charges. The first and the most important segment people look out for is the Equity Delivery Trading, which bears a charge of 0.28%. Moving on, the next bunch of charges has the same rate of 0.03%.
They bunch includes the segments Equity Intraday Trading, Equity Futures Trading, Currency Futures Trading. Commodity Trading presently is however not provided by the company and so, you cannot avail for it. Remaining are the Equity Options Trading with charge of Rs.29 per lot and Currency Options Trading with charge Rs.18 per lot.
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Steel City Securities Account Opening Charges
When you first choose to invest with this firm, you need to have certain accounts. All of them are subject to certain Steel City Securities Account Opening Charges.
|Trading Account Opening Charges [One Time]||Rs.330|
|Trading AMC [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Zero|
|Demat AMC [Yearly]||Rs.300 per Annum|
|Margin Money||Zero Margin|
|Brokerage Calculator||Steel City Securities Brokerage Calculator|
|Margin Calculator||Steel City Securities Margin Calculator|
Opening an account is the only way you can invest with in stock market. So, if you have decided you wish to go with this company’s account, you will be obligated to pay Steel City Securities AMC Charges. Such kind of a payment is not limited to one or two companies and is generally charged by all the stock brokers.
However, being a Steel City Securities client, we have a good news for you in regards with demat and Steel City Securities Trading Charges. Account opening charge is as well to be paid, but only once, i.e. at the time of account opening. So, the Deamt opening charges are nil, whereas the AMC is Rs.300 per annum.
On the contrary, the trading account opening charges are nil and so are is the trading AMC free. This is quite a sigh of relief for the investors, because a yearly expense is waived off from client’s payment. Finally, we have another good new, i.e. the investors need to maintain no amount as minimal balance in account.
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Steel City Securities Transaction Charges
The first, last and all the trades in between you place attract Steel City Securities Transaction Charges.
|Transaction Charges 2019||0.00300%|
So, for this section, our consideration would be the Steel City Securities Charges related to transaction. Basically, transaction charges are all set to be levied as per individual segments. Therefore, Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options and Commodity, all have a designated transaction charge.
Worth mentioning is the tiny and small portion of transaction charge. Yes, all the segments have a common charge of 0.00300%. You need to remember that the charge is levied individually as per single segment, and not as levied as one for all the segments altogether.
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Steel City Securities Other Charges
The list of government and account related charges are mentioned here, in this Steel City Securities Charges sub section.
|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|
Let us end the charge discussion with the Steel City Securities Other Charges. Here, other charges are referred to the government charges and other services provided by the company. Speaking of the government charges, they are SEBI Turnover Charges, STT, Stamp Duty, GST and same for any stock broker.
Other charges start with the margin funding charges and end with dematerialization charges. So, the margin funding attracts 18% + GST, reactivation attracts Rs.45 per segment and dematerialization attracts Rs.45. Stay accounted for all the charges and figure out your expenses accordingly.
Steel City Securities Charges – Conclusion
We hope we gave you a well defined tour of the Steel City Securities Charges. You are now all set to make transactions and build strategies, and to excel the stock market. The basic draft we laid will help you determine the precise catch of making profits.
Further we help you sort out the commutation of Steel City Securities Demat Charges as well. The brokerage calculator we crafted for you takes care of the commutation. If you refer to it each time you enter into a trade, if will display the profit or loss case scenario prior.
Open Demat Account with Steel City Securities – Fill up the Form Now!
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