Have you been hearing about Fisdom a lot lately? Even though it has an active client base of only 92,000, it has been making rounds around investors and traders these days. One of the reasons behind the buzz has been Fisdom charges which are highly flexible and convenient.
Let’s dive in to find the details of various fees and other commissions associated with trading using the Fisdom demat account.
Fisdom Demat Account Charges
Charges for demat account is the first thing that the investor consider while choosing any stockbroker. With the emergence of free services, there are many stockbrokers, including Fisdom that do not charge any fees for account opening.
Other than this the AMC for demat account is also minimal and is equal to ₹299 payable from the second year onwards.
Fisdom Brokerage Charges
Fisdom is the discount broker and like any other stockbroker, it comes up with the flat brokerage model where it charges a flat ₹20 brokerage fee on every executed order in Equity delivery, intraday, Future & Options, and currency derivatives.
Here is the complete detail of the brokerage:
Fisdom Subscription Plan
Although like any other stockbroker, Fisdom charges flat fees of ₹20 per trade. But apart from this, the broker comes up with subscription plans where you can reap the leverage of zero brokerage across segments.
Wondering how it is possible?
For this, the broker comes up with different brokerage models with different validity. Here is the detail of the plans
Fisdom DP Charges
Now comes the demat transaction charges also known as DP charges. These charges are applicable only on the sell-side of the trade.
Fisdom DP charges are ₹15 per scrip per day.
So, if you sell 10 shares of X company and 20 shares of Y company, then the total DP charges would be ₹30.
However, selling the 10 shares of X company alone would charge you fees equal to ₹15.
The fact that Fisdom gives a choice to customers to choose what brokerage plan suits them makes it a stockbroker worth having a look at. The demat account opening and AMC are pretty much the same as the other stockbrokers but the flexible brokerage charges are suitable for both the high-frequency traders and low-frequency traders.
For example, investors who trade on a regular basis can opt for the subscription plan where they are exempted from paying brokerage charges on every order after a one-time payment.
At the same time, if you as an investor don’t trade that very often then you’d think paying a flat ₹20 brokerage fee on a limited amount of trade order saves you money and hence, suits you more. This is the advantage of Fisdom charges as they take care of the needs of every kind of investor.
Along with the flexible and inexpensive brokerage charges, Fisdom also offers research and advisory in such a low price range which makes the whole stockbroker very attractive for customers, especially beginners.
Begin your stock market investment journey now. Get in touch with us and we will assist you in choosing the right broker and in opening a demat account online for FREE!