Stewart & Mackertich Charges – Find Brokerage Charges, Account Opening Charges and more

The case scenario of making profits takes a lot more than just identifying a trade platform. There is a process you need to follow, firstly to be able to trade and then to retail the profits. The entire process of trading attracts Stewart & Mackertich Charges which affect your trading experience in a way or two.

The Stewart & Mackertich Brokerage Charges are taken by the company to serve you in a better way which is important. Also, the negative impact of such charges is the substantial decrease in profit estimate. The article lets you know about all such charges.

Stewart & Mackertich WMS offers

Stewart & Mackertich Brokerage Charges

Your hunt to know the Stewart & Mackertich Brokerage per segment wise will end in the following table.

Equity Delivery0.36%
Equity Intraday0.04%
Equity Futures0.04%
Equity OptionsRs.36 per Lot
Currency Futures0.04%
Currency OptionsRs.36 per Lot
Flat Monthly Fees, if anyNA

Stewart & Mackertich WMS Charges

We wish to kick start the discussion of this company’s charge with the Stewart & Mackertich Brokerage Charges.

Brokerage charge is the prime charge you need to cater and so, investors are generally worried and on a look out for firm with lower brokerage charges.

For this company, 0.36% is the highest brokerage charge, as levied on Equity Delivery Traders. Next, there are this bunch of segment which has the same charge of 0.04%. The segments are Equity Intraday Trading, Equity Futures Trading, Currency Futures Trading and Commodity Trading.

The remaining segments are related to options trading. so, if you wish to invest with the Equity Options Trading, you have to pay Rs.36 per lot. Currency Options Trading as well has the same Rs.36 per lot designated charge by the company.

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Stewart & Mackertich Account Opening Charges

The constant account related charges such as Stewart & Mackertich Account Opening Charges are mentioned below.

Trading Account Opening Charges [One Time]Free
Trading AMC [Yearly]Free
Demat Account Opening Charges [One Time]Rs.250
Demat AMC [Yearly]Rs.250 per Annum
Margin MoneyMinimum Rs.5,100
Brokerage CalculatorStewart & Mackertich Brokerage Calculator
Margin CalculatorStewart & Mackertich Margin Calculator

Choose to open an account with this company if you like the terms and conditions of this company. A demat and trading account is must for you to take on the journey of investment in stock market. However, they are like any other product offering and hence, have certain opening and Stewart & Mackertich AMC Charges.

Account opening charge is supposed to be a one time payment, which is payable at the time of account opening. The MC is contrarily recurring, where you have to make a once every year payment. Such charges generally vary from company to company, and Stewart & Mackertich Trading Charges are free from both opening and AMC.

The demat account charges are however applicable and payable for this company clients. You need to pay a small amount of Rs.250 as account opening. Then, you have to again pay Rs.250 thereafter every year, as AMC for demat account. The margin charge however is Rs.5,100.

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Stewart & Mackertich Transaction Charges

Trade in your own way and earn profit after paying out the frequent Stewart & Mackertich Transaction Charges.

Transaction Charges 20190.00299%
Equity Delivery0.00299%
Equity Intraday0.00299%
Equity Futures0.00299%
Equity Options0.00275%
Currency Futures0.00305%
Currency Options0.00275%

Let us now discuss about another important Stewart & Mackertich Charges. They are necessary to pay, and also are frequent occurring in nature. We mean to say, they are to be paid on every transaction you commence, just like the name does the justice of illustrating.

The segments which fall under the charge list are Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options and Commodity. They commonly have the charge of 0.00299% individually and need to be paid accordingly.

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Stewart & Mackertich Other Charges

Here are the other connected Stewart & Mackertich Charges, emerging out of company structure and also government imposition.

SEBI Turnover Charges0.0002% of Total Turnover
STT0.0126% of Total Turnover
Stamp Duty0.002% – 0.004% – Depends on State
GST18% of (Brokerage + Transaction Charges)
Margin Funding Charges18% + GST
Reactivation ChargesRs.55 per Segment
Account Closure ChargesRs.50 per Segment
Dematerialisation ChargesRs.60

Government charges are pretty much the compulasory charge you need to cater. Companies are directed to charge such items and so it is included in Stewart & Mackertich Other Charges. If you generally check out the charges levied by government, they consist of SEBI Turnover Charges, STT, Stamp Duty, GST.

The number related to government charges are briefly mentioned in the table given above. Other than such charges, the other charges levied are margin funding charges of 18% + GST, reactivation charges of Rs.50 per segment and dematerialization charge of 0.0002% of Total Turnover.

Stewart & Mackertich Charges – Conclusion

It would be safe to declare the company has all the rightful intentions of serving their clients. If you would how, we would like to tell you their brokerage charges are pretty economic. Also, they waived off certain Stewart & Mackertich Charges relating to account opening and account maintenance.

If you are satisfied enough with the company, we would like to give you the sense of confidence. Choosing this company as your stock broker would be a great idea, given all the Stewart & Mackertich Demat Charges. Perform a brief study of the charges if you haven’t already and everything would make sense for you.

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