2.Earlier the brokerage on I-secure and I-saver was 0.55% and 0.75% on entire traded amount. However now the brokerage on stocks quoting up to RS. 10.00 would be levied at Rs. 0.05 per share. The total brokerage on such trade would be higher of Rs. 0.05 per share or Rs. 35.00, subject to maximum of Rs. 0.25 per share. All Statutory charges would be levied over and above the brokerage .
3.Further, Stocks trading at Rs.10.00 or lower are popularly known as Penny stocks.
when i ask them to reason of this killing brokerage they reply me "These stocks are generally of Small Cap. companies and are have higher risk associated with them.
Considering the potential risk, it is advisable that customers look at Large to Mid Cap. stocks. " i wonder to see this narrow minded reply.
4. The brokerage details are also available online on www.icicidirect.com under the brokerage link of customer service page.
For any further queries, you may contact our Customer care number on 022 28307777 for further assistance.
dis closer :- i am a customer of icici direct and just share my view on this high brokerage rate and i never wish to down reputation of company.
8 comments:
Mahesh Ji,
Recently I sold a penny stock i had with a profit of 25 percent and i finally didnt get anything. I noticed the brokerage lately and I was supposed to contact them. Thanks for this post.
thanks rajeev daniel ji for your comment
good source of stock news
yes..this is ridiculous. When I spoke to the representative after noticing it, one of them said, if the traded value for the month is more than Rs 4000 then it is waved off..so I started doing that and then found there was no change. The representatives themselves have no clue about the brokerage. This is too much..not sure if we can raise this with any entity?
Register your complaint on scores.gov.in . they will address the issue
Banks shall not take any minimum per trading charge like Rs 20 to 30, so that an investor or trader can buy or sell small amount to learn the process depending on his/her capacity. In that case a major propulation can safely join the market with low level of investment till they learn the whole process & gain confidence. Besides that banks & other Security investment companies shall train all investor or trader free of cost through various media & TV to attract /involve more small /mini investors in this process.
Banks shall not take any minimum per trading charge like Rs 20 to 30, so that an investor or trader can buy or sell small amount to learn the process depending on his/her capacity. In that case a major propulation can safely join the market with low level of investment till they learn the whole process & gain confidence. Besides that banks & other Security investment companies shall train all investor or trader free of cost through various media & TV to attract /involve more small /mini investors in this process.
Thanks all of you
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