What is a Brokerage Calculator?

Brokerage Calculator is an online tool made available to traders by Bigul and other investment platforms to make it simpler for them to figure out the brokerage before placing a deal. However, a brokerage calculator can be used for more than just calculating the charges. It also computes transaction costs, GST, Securities Transaction Tax (STT) and stamp duty cost.

As a result, a brokerage charges calculator substantially simplifies the process of determining transaction costs. To calculate trading costs, a user would need to enter the following information into an online brokerage calculator: Stock buy/purchase price, stock sale price, number of shares to be bought/sold, state charges (for stamp duty), lot size (for Options trading).

Thus, a calculator provides right information about such charges in real time, promoting quick and efficient trade. As a result, it is critical for intraday traders who rely heavily on timing to execute their orders. They can use an intraday brokerage calculator to simplify the cost analysis procedure before purchasing and selling assets.

How to calculate brokerage?

Equity delivery orders refer to purchasing stocks and selling them after a few days, weeks, or months and you will be charged a brokerage fee of Rs 18 or 2.5% (whichever is the lowest). All clients onboarded on or after September 21, 2021 will be subject to this fee.

Equity brokerage calculator is Rs 18 per executed order or 2.5% (whichever is lower) in addition to equity delivery and equity intraday, and brokerage for equity options is flat Rs 18 per executed order.

The brokerage charges are the fees that brokers collect from traders to facilitate trade. Therefore, investors need to pay brokerage fees both when selling securities and when buying them. However, specific brokers might consider excluding one event from any charges.

However, most brokers levy a certain percentage of the trade value as their brokerage fees. Depending on the scale of trade value, such percentages might vary. Regardless, the formula for calculation of brokerage in share market is as follows –
Brokerage is generally charged as a percentage of the trade value or a flat fee. This varies from broker to broker.
At Bigul, our pricing model is as follows:

• Account Opening, AMC & Platform Fees- Rs 0
• Delivery Trade in all segments- - Rs 18 or 2.5% of trade value, whichever is lower.
• Intraday Trade in all segments- Rs 18 or 2.5% of trade value, whichever is lower.

How To Use Bigul Brokerage Calculator?

Bigul brokerage calculator can compute stock, futures, and options brokerages.
To use this brokerage calculator, simply follow the steps below:

• In the search box, enter the name of the stock or contract in which you want to invest.
• The stock's last trading price will be automatically extracted and shown in the buy price box.
• Enter the desired selling price and quantity.
• You will then see a thorough breakdown of intraday and delivery brokerages, as well as other expenses.

What are the Benefits of a Brokerage Calculator?

• A brokerage calculator can be used to compare broker commissions.
• Brokerage calculators produce timely and reliable results.
• It takes into account all trading costs.
• It is entirely free.
• As a result, by using a brokerage calculator, traders can significantly improve their trading process while saving time on cost research.