What are the Clearing Member charges?
A Clearing Member (CM) is a member of the Clearing Corporation responsible for clearing and settling trades. They might work on their own account or for their clients, based on the terms set by the Clearing Corporation. The charges for a CM can differ based on the exchange and the financial instrument involved.
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What are the brokerage charges for currency Futures & Options at FYERS?
At FYERS, for currency futures, we adopt a flat pricing policy, similar to equity futures. You will be charged either ₹20 per executed order or 0.03% of the transaction value, whichever is lower. For currency options, a fixed charge of ₹20 is levied ...
How is the Goods and Services Tax (GST) computed on total charges at FYERS?
GST, or Goods and Services Tax, is a unified tax applied to goods and services. It's levied from the manufacturer or service provider right through to the end consumer. In the securities market, the standard GST rate is set at 18% across all ...
Which statutory charges are imposed by the government and regulatory authorities on trades?
When you conduct a trade in any segment, you're responsible not only for the brokerage but also for specific statutory charges. These may include STT (Security Transaction Tax) for equity transactions, CTT (Commodity Transaction Tax) for commodities, ...
Do I need to pay DP charges for Buy Today Sell Tomorrow (BTST) transactions at FYERS?
Yes, from 19th July 2021 onwards, DP charges will apply to BTST trades due to changes in the settlement process. Previously, DP charges were not levied on such trades. Let’s delve into understanding the impact of these changes and how DP charges have ...
What are the DP charges at FYERS?
At FYERS, we continually strive to provide competitive pricing. Initially, we charged a DP fee of ₹10 + ₹5.5 (CDSL charges) + 18% GST on the sum of ₹15.5 for the sale-side of delivery transactions settled on T+2 days. However, effective from 5th ...