This article talks about the Vertex Securities charges. The list comes inclusive of Vertex Securities Demat charges for account opening and maintenance. It also deals with trading accounts and lists of other services which are sub parts of each category.
Vertex Securities is led by a team of professionals who have expertise in finance for more than ten years. That is yet another advantage they have over the competition.
We even establish the tax imposition rates to further descriptively enhance the article. Although, you must go through the entire article in order to understand the broker’s operational charges better. So, it’s time to check out the details without any further delay.
Vertex Securities Brokerage Charges
Vertex Securities brokerage charges are displayed in the table beneath. These are charges which are applied to all the services which this broking firm is offering.
|Equity Options||Rs.15 per Lot|
|Currency Options||Rs.10 per Lot|
|Flat Monthly Fees, if any||NA|
The data reveals the only factor which is high is the margin money. All other charges are very nominal.
Vertex Securities brokerage has offered nearly all service at a rate little lower than market standards with exception of margin money. The services are divided into 12 subdivisions.
Each division has a fixed value to be charged. Equity Delivery trading is charged only 0.15%. Equity Intraday, Equity Futures Currency Futures and commodity Trading are charged 0.02% individually.
The Equity Options and Currency Option trading are charged at rates of Rs.15 and Rs.10 per lot respectively and, the Demat AMC is absolutely free. But traders have to pay Rs.100 for Trading AMC. The Margin Money balance has declared a handsome amount of Rs.7000.
The above data clearly reveals that Vertex Securities Brokerage charges are designed in manner to attract customers. Also, its profit depends on margin money to great extent.
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Vertex Securities Account Opening Charges
Moving ahead we will disclose the charges levied for account opening. The table below talks about all the essential charges needed for Vertex securities account opening.
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC[Yearly]||Rs.100 per Annum|
|Demat Account Opening Charges [One Time]||Rs.500|
|Demat AMC [Yearly]||Free|
|Margin Money||Minimum Rs.7,000|
|Brokerage Calculator||Vertex Securities Brokerage Calculator|
|Margin Calculator||Vertex Securities Margin Calculator|
Vertex Securities trading account opening one time charge is Rs.254. Trading accounts also charge Rs.100 per annum for its AMCs. Vertex securities Demat account opening one time charge is Rs.500. Next charge may come as a relief; Demat AMC charges are exempted.
Real tension comes in terms of Margin Money requirements. Vertex has fixed a specification of Rs.7000. Nonetheless overall charges look as if they are balancing each other.
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Vertex Securities Transaction Charges
Vertex Securities is a key brokerage house in India and, it has registered growth at a fast pace. It started functioning in the stock market in 1993. That is also the year when they took Mumbai for its headquarters. It is classified as a Private Broker and was founded by Kumar Nair.
Vertex Securities Transaction Charges are very much as per the market standards. Services provided are listed below.
|Transaction Charges 2019||0.00319%|
|Equity Options||0.085% (Premium only)|
|Currency Options||0.085% (Premium only)|
Transactions charges are charged per every single transaction and these charges are additional to brokerage charges.
A uniform charge of 0.00319% is levied on all transactions and, it is levied for all transactions under Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options and also Commodity Trading.
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Vertex Securities Other Charges
As per government policies taxes are applicable to trading and broking as well. These charges are applicable to all financial service providers.
However, brokerage firms finally charge the amount from traders. Table below shows the list of services and relevant charges.
|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|
These set of charges fall in the realm of Vertex Securities’ other charges. The table above is an explicit overview of all the taxes charged by the broker. The taxes are limited to the extraction policies as stated by different sets of government bodies.
Each tax is levied in order to satisfy a specific purpose. Moreover, levying these taxes from the traders keeps the broker afloat amongst positive revenue streams. Starting with SEBI Turnover Charges it is charged 0.0002% of total turnover.
STT or Securities Transaction Tax is the second category. It is incurred at 0.0126% of total turnover. Stamp Duty is a nominal amount and it varies with each state. GST is the only charge which is high. 18% of summation of brokerage and transaction charge is GST.
Also, Margin Funds are charged 18% along with GST. Trading accounts can be closed by paying Rs.50 per segment and the account can be reconciled by making payment of Rs.50 per segment. Most essential service is Dematerialization and, is charged at Rs.60.
Vertex Securities Charges – Conclusion
Vertex Securities is the foremost brokerage house. Its services are infused with quality. This article presents all the essential details a trader requires to open an account in a financial firm. The list of services and the charges incurred by Vertex securities brokerage are mentioned minutely.
The broker has nearly 250 branches scattered across India and, it’s known for tremendously well groomed service packages. Perhaps, all the credit should be given to its capable leader. Vertex Securities is a premium member of NSE, BSE and, it even provides promising Depository services through NSDL.
It also has membership of Multi Commodity Exchange (MCX), National Commodity Derivative Exchange of India (NCDEX) and National Multi Commodity Exchange (NMCE). Vertex Securities is an auxiliary of Transwarranty Finance Ltd.
Important services like Vertex securities transaction charges and Demat account, its AMC charges, everything is provided here. Looking at the data, one can interpret this company as balancing the act of providing benefits to its traders as well making good profit for itself.
Overall, Vertex Securities is a good company to give a short.
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