What are the Clearing Member charges?
When you place trades on FYERS, the final settlement of those trades is handled by a Clearing Member (CM). Clearing Member charges are part of the total trading cost and are collected to cover the expense of trade settlement through the clearing corporation.
What are Clearing Member charges?
Clearing Member (CM) charges are levied by the clearing corporation (such as NSCCL or ICCL) and passed on to clients by the broker. These charges cover:
- Clearing and settlement of trades
- Risk management and margin handling
- Custody and reporting of securities
At FYERS, these are transparently included as part of your overall transaction cost and may vary based on:
- The exchange (e.g., NSE, BSE)
- The segment (Equity, Derivatives, Commodities)
- The instrument type (e.g., Futures, Options, Intraday, Delivery)
You can read about all statutory charges (including CM fees) in this article:
CM charges are not fixed—they may differ by instrument and segment. Always check the final “Price Breakup” before placing an order.
What if...
| Scenario | Outcome |
|---|
| I trade in different segments (e.g., NSE F&O, MCX) | CM charges will vary based on segment and instrument. |
| I don’t see CM charges listed separately | They are bundled in the “Transaction Charges” section of your contract note. |
| I’m using an algo or high-frequency trading system | Higher trade volume might increase cumulative CM charges, though per-trade rates remain standard. |
Last updated: 23 Jun 2025
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