Brokerage Calculator

What is a brokerage calculator?

The charges and fees that amount to when trading in securities is called brokerage. The calculator is an online investment planning tool that is used to calculate the amount of brokerage before the investment is made. This is crucial so that we know what the actual returns will be once this amount is subtracted from it. The Upstox calculator also calculates and relays the amount to be paid separately for stamp duty charges, transaction fees, SEBI turnover fees, GST and securities transactions tax (STT).

How does the Upstox brokerage calculator work?

The fees charged to facilitate trade is called brokerage. The calculator helps us accurately decipher these fees, separating individual heads like STT, GST, duty charge, transaction fees and SEBI charges. The formula it uses is:

Brokerage = Number of shares sold/bought x price per unit of stock x brokerage percentage

This formula is applied for both intraday and delivery trading calculations.

How to use the brokerage calculator?

The Upstox calculator provides a few parameters that need to be filled before it can calculate the amounts individually pointing out duty charges, transaction fees, STT, GST & SEBI charges. These parameters are:

• Stock buy and sell price
• Number of shares
• Equity, commodity or currency
• Intraday or delivery

Once these values are input, the calculator makes the calculations instantaneously and accurately.

What are the types of brokerage calculators?

There are 3 types of brokerage calculators:

• Equity: This calculator is used on all equity investments that are traded through the NSE or BSE. Equity is company stock.
• Commodity: Commodity shares are shares that are generally listed on MCX, NCDEX and more. These are essentially delivered physically or settled in cash. This is when a person, purely on instincts, bets on the movement of a market in a specified time frame.
• Currency: Currency is when investors can place investments into the foreign currency market. Forex is a good example of this.

What are the advantages of a brokerage calculator?

The advantages of the Upstox brokerage calculator are:

• Accurate and instant information.
• Traders can use the tool to form comparative analysis between different brokers.
• Helps in data analytics as well as transparency.
• Helps to calculate all the charges separately, i.e., duty charges, transaction fees, GST, STT and SEBI charges.
• It accounts for all trading costs.
• It is free and easy to use.

Why is a brokerage calculator important for a trader?

A trader can select the correct broker firms as per his needs and the calculator can help him make this partnership decision wisely. The correct amount of deposits can be calculated and the surprise element retired. It is crucial after all, to maintain trader solvency through broker firms.

These online calculators can help the investors in making the perfect execution of orders and achieve a staggering amount of both daily and monthly trades. It is a prestigious online tool that can help both the day trader as well as the investment firm work together in harmony with complete transparency and lack of doubt.

What is intraday brokerage?

The service charge that is paid by the trader/investor to the broker is called intraday brokerage. Each broker charges his intraday brokerage along with STT (securities transaction tax) and GST as this is imposed upon selling in intraday trading. Apart from these charges, transaction fees, SEBI and NSE/BSE regulatory fees and stamp duty charges are also paid.

What is delivery trading and charges?

Delivery trading is a type of trading which deals in long-term trading, unlike intraday trading. It is when the investor buys stock and it is delivered to his demat account. You can buy it without all the money ready and cannot sell it without it being held in your demat account. Your funds will stay frozen for that much amount of time. Delivery charges are the charges levied to the broker to trade in delivery stock. This is generally higher than intraday charges.