In this competitive stock market industry, every stockbroker comes with attractive brokerage fees and other services so when it comes to brokers like JM Financial what fees and charges it levies on their clients. In this article, we will cover a detailed review of JM Financial Brokerage.
Being registered with stock and commodity exchanges the broker provides the benefit of trading in equity, currency, and commodities.
Let’s now have a quick overview of how much charges are imposed for trading in all these segments.
JM Financial Brokerage Charges
Like any other full-service broker, JM Financial also charges brokerage on the basis of turnover value. But before gaining an access to its service, it is important to open a JM Financial Demat account.
Here is the comprehensive list of JM Financial Brokerage Charges.
Equity Brokerage Charges
Commodity Brokerage Charges
Currency Brokerage Charges
JM Financial Equity Brokerage
You can trade in equity using different options like delivery, intraday, futures, and options and there are different brokerage charges for trading in all the mentioned products.
In delivery, intraday, and futures trade, the charges are calculated on the basis of turnover value while the options brokerage is evaluated on the basis of lot size.
Here is the detail of charges in each of these segments.
Any trade in which stocks are delivered to the Demat accountis called delivery trading. In short, if you are planning to hold shares for more than one day, then the broker charges delivery trading brokerage.
So how can you calculate delivery brokerage? Let’s understand with an example how delivery charges are calculated. Suppose you have decided to trade in delivery and according to this plan you have to pay 0.15% brokerage on total trade.
Suppose you have done a total trade of ₹10000
So 0.15% of ₹10000 is = ₹15
JM Financial Futures Brokerage
Futures trade involves buying shares in the future at the price fixed today and thus one can evaluate the lumpsum profit and loss per trade which helps in calculating the turnover value and hence brokerage.
JM Financial charges 0.02% brokerage on the turnover value. Here is the detail of charges on equity future and currency by JM Financial.