Why was brokerage charged on delivery trades?
At Firstock, there is no brokerage for delivery-based trades, also known as Cash and Carry (CNC). However, intraday charges of 0.03% or ₹20 per executed order (whichever is lower) may apply in the following cases:
Same-Day Buy & Sell Using CNC:
- Example: A trader buys 10 shares of ITC at 10 AM and sells them at 2 PM within the same trading session.
- Result: This will be considered an intraday trade, and the intraday brokerage will be charged.
Selling & Buying Back Shares on the Same Day:
- Example: A trader holds 100 Infosys shares in their demat account.
- At 11 AM, they sell 50 shares, and later, at 1 PM, they buy back 25 shares.
- Result: Intraday brokerage will apply to both the sell and buy orders, regardless of the quantity bought back.
This brokerage structure ensures that traders can maximize their cost efficiency while maintaining flexibility in their trading strategies.
