Trading in stocks requires a lot of research and analysis work. Along with this, you also have to work a little bit to know how much profit and loss you have made. The reason is that stock trading involves certain charges. Additionally, among the various charges involved in trading, one important fee is brokerage fees. This is when a brokerage calculator can be immensely beneficial.
If you want to get a clear idea about these charges while planning an investment, it is essential to have a brokerage calculator to calculate these charges. Further, you can also compare various brokers by understanding their charges through the brokerage calculator. There are various brokerage calculators for different brokers.
Other charges include state-wise stamp duty, Securities Transaction Tax (STT), Goods and Services Tax (GST), etc.
- Firstly, search for your preferred stockbroker by typing the name, this will redirect you to the brokerage calculator page of your stockbroker.
- Select the appropriate asset class in which you are planning your trading or investment. Choose from the given options such as equity delivery, equity intraday, derivatives such as futures, options, currency futures, currency options, commodities, etc.
- Enter the buy/sell price.
- Enter the total number of shares (or number of lot sizes)
- Lastly, click on the “calculate” button, and you will get a comprehensive report of the various charges and the overall profit and loss.
