We hope you find the article relevant! Because, this article’s prime purpose is to help you. It’ll elaborate the entire list of Trustline Securities charges. The list includes Trustline Securities Brokerage Charges, Transaction Charges and more. So, go ahead and learn as much as you can!
The proverb “Old is Gold!” applies well to Trustline Financial Service Providers. Trustline Securities is one of the oldest financial advisors in India. Mr. Arunagiri founded the company in 1989. It began operating in Noida as a small set up.
In fact, its portfolio includes multiple Demat and portfolio management services. The broker has its own research team and the team does a marvelous job. In fact, its investment ideas, stock buying tricks, and analytical reports are admired by all.
Trustline Securities Brokerage Charges
Every broking firm levies commission on their services. Trustline Securities isn’t different either. It has an attractive brokerage layout nonetheless and, the table below displays it all. So, here’s how Trustline Securities charges the clients:
|Equity Options||Rs.15 per Lot|
|Currency Options||Rs.10 per Lot|
|Flat Monthly Fees, if any||NA|
Above table reveals all of Trustline Securities brokerage charges. An average stock trading company charges 0.2% on Equity delivery trading.
However, Trustline offers the same for a minimal brokerage of 0.15%.
Additionally, it only charges 0.02% on Equity Intraday, Equity Futures, Currency Futures and Commodity Trading. All these charges are imposed as per market standards. Equity Options and Currency Options Trading require a payment of Rs.15 and Rs.10 per lot respectively.
Even the Demat AMC is charged at Rs.250. However, no annual maintenance charge for Trading Accounts is raised. Traders are authorized to trade at a minimum margin of Rs.1500.
Customer feedback suggests that the brokerage is well planned. In fact, it is one of the best amongst all stock trading companies in India and, by best, we mean cheap!
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Trustline Securities Account Opening Charges
The stock broker has completed over 25 years in the industry and, has become a true giant now. In fact, it even has over four hundred branches. It was converted to public limited in 1995 and, it strives to grow on a regular basis. Trustline provides tailored investment solutions to corporate and retail investors.
Table below outlines all of Trustline Securities account opening charges. It includes Trustline Securities Trading charges and Demat charges as well. Just take look for yourself:
|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 Money||Minimum Rs.1,500|
|Brokerage Calculator||Trustline Securities Brokerage Calculator|
|Margin Calculator||Trustline Securities Margin Calculator|
Consistent approach to attract customers very much reflects in Trustline account opening charges. Demat Accounts are offered for Rs.250. A nominal charge of Rs.250 is levied as Trustline Securities AMC charges for Demat.
Trustline Securities Trading charges are not levied. This means that Trading Accounts are offered for free and, so are their AMCs. A minimum amount of Rs.1,500 must be invested as margin money. The broker provides excellent services. Hence, the margin money is rather justified.
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Trustline Securities Transaction Charges
Trustline Securities grants advisory for free and, we can never forget about its trade institution facilities. They are a SEBI registered stock broker. And, it’s an active member of BSE, NSE, MCX and NCDEX. It even has partnerships with CDSL & NSDL for DP services.
This part deals with Trustline Securities transaction charges. It is a particular amount levied for every trade conducted by a customer. The table below showcases the accurate rates at which Trustline charges its traders:
|Transaction Charges 2019||0.00305%|
Trustline Securities charges a fixed transaction charge of 0.00305%. This means that all services namely: Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options and Commodity trading.
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Trustline Securities Other Charges
The government levies taxes on various financial transactions. This even extends to all stock brokers. So, a lot of taxes collected from customers do not belong to the brokers. The table below displays how Trustline Securities charges these taxes for the government:
|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||Zero|
The aforementioned table exhibits all of Trustline Securities other charges. It begins with SEBI Turnover Charges which are incurred at a rate of 0.0002% of total Turnover. STT (Securities Transaction Tax) is imposed on 0.0126% of total turnover.
Stamp Duty varies throughout different states of India. However, it is a very negligible amount. GST (Goods and Service Tax) is imposed at 18%. It is applied on cumulative brokerage and transaction charges.
Even Margin Funding is charged with 18% plus GST. In case of dematerialization of the securities one needs to pay Rs.45. It offers convenient means to delegate in trading. One can even close the account without any botheration of fees.
Trustline Securities Charges – Conclusion
Trustline Securities prioritize its customers. That’s why it gives out optimum services. The broker has sturdy technology. Also, presence of excellent staff and accommodating platform to facilitate tactful trading is a highlight.
It has one of the finest brokerage rates and, it also provides distinctive attention to clients through agile research and customers’ relation staff. This article has covered in detail all kinds of Trustline Securities Charges for easy and handy usage of viewers.
In fact, our motto is to provide user-friendly guidelines. We hope that this article enhances your knowledge of Trustline Securities Demat Charges, services and operations.
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