We are not partnered with any stockbroker. This is the best suggestion we can provide based on our experience.
As traders, minimizing brokerage costs is essential. With a brokerage fee of ₹20 per trade, plus GST and other charges, we need to cover 2.1 points to break even, with profits exceeding this point. However, using a zero-brokerage platform reduces total costs to just 0.2 points, saving 1.9 points per trade. For a Nifty options trade involving 2,400 units (100 lots), this translates to a savings of ₹2,560 on charges alone, thanks to the zero-brokerage structure.
However, given my experience with various discount brokers, as a trader placing 50 trades per day (both buy and sell), with a brokerage of ₹20 per trade, the annual cost adds up to ₹2,40,000 plus 18% GST, totaling ₹2,83,200. This is the amount I can save annually by choosing Mirae Asset for my trading.