How to use FYERS' Brokerage Calculator?

A few years ago, if you had asked people what investing in the stock market was like, the answer would have been "like gambling." But now, people's mentality is changing. As per NSE data, 12 crore retail investors were registered from 2019 to 2023. In January 2024 alone, 5.4 lakh more investors joined.😲

Crores of people have placed their trust in the stock market. But, before you join them, it is important to know that investing comes at a cost, called brokerage cost. It's part and parcel of each and every trade in the market. Now, we know it can be a hassle to calculate the brokerage fee every time you trade, but there are tools to do it for you!
Let us learn about one such tool: FYERS Brokerage Calculator!

Table of Contents

1. FYERS' Brokerage Charges 
2. FYERS' Brokerage Calculator
   1. For Delivery
   2. For Intraday
   3. For Futures
   4. For Options 
3. How to Use FYERS' Brokerage Calculator?

FYERS is a popular Indian online stock trading platform for multiple financial instruments, such as equities, commodities, futures & options and currencies. Here are some of its key features:

1. Multiple Platforms: It offers a TradingView-based online platform equipped with the drag-and-drop trading feature as well as a mobile app for both Android and iOS users. 
2. InstaOptions: A powerful tool that allows users to analyse the market and build options trading strategies. It also offers a set of pre-made strategies.
3. Community Platform: It has a dedicated forum to foster in-depth discussions and interactions related to trading and the market.
4. Institutional Services: Advanced technology and low-cost brokerage services for institutions. 
5. Uptime Transparency: Real-time updates so users can see how the platform is functioning during maintenance.
6. Dedicated Team: It has a team of experts who have comprehensive experience in institutional brokerage and personalised support.

It also offers equity trading with zero brokerage fees, access to Future & Options, thematic investing, as well as direct mutual funds and educational support to enhance consumer engagement.

FYERS' Brokerage Charges

Here is a look into what FYERS charges for its services: 

FYERS' Brokerage Calculator

Here is how all of the different segments of FYERS' brokerage calculators work:

1. For Delivery

An overview of what FYERS charges as a brokerage for delivery trades:

Let's understand these charges in a little more detail:

1. Quantity: It is the total number of shares involved in a transaction. Let's assume that the quantity for both buy and sell orders is 250 shares.
2. Price: It is the cost of each share. In this example, the price per share for the buy order is ₹250 and ₹330 for the sell order.
3. Order Type: This is the nature of the transaction; it could either be a buy transaction or a sell transaction.
4. Turnover: It is the total value of the transaction. It is calculated as:
   1. For Buy: 250 shares × ₹250 = ₹62,500
   2. For Sell: 250 shares × ₹330 = ₹82,500
5. Brokerage Rate: This is the rate of brokerage. As you can see, it is ₹0 for both transactions.
6. Brokerage Applicable: This is the total brokerage charge you have to pay on the basis of the brokerage rate. FYERS does not charge brokerage for delivery trades, so, in this example, it is ₹0 for both transactions.
7. Securities Transaction Tax (STT): It is a tax levied on every transaction in the market. It is calculated as:
   1. For Buy: 0.1% × ₹62,500 = ₹62.5
   2. For Sell: 0.1% × ₹82,500 = ₹82.5
8. Exchange Charges: It is a fee you have to pay to the exchange for executing the trades. In this case, the exchange is BSE, and the exchange charges are:
   1. For Buy: ₹1.88
   2. For Sell: ₹2.48
9. GST: 18% Goods and Services Tax is applicable on the total of brokerage and exchange charges. It is calculated as:
   1. For Buy: 18% × (₹0 + ₹1.88) = ₹0.34
   2. For Sell: 18% × (₹0 + ₹2.48) =₹0.45
10. SEBI Charges: Regulatory charges levied by SEBI. It is calculated as ₹10 for every crore of turnover.
11. Stamp Duty Charges: It is a state-specific charge so it varies from state to state. In this case, it is ₹9.38 for the buy order and ₹0.00 for the sell order.
12. Total Tax and Charges: It is the sum of all applicable charges. 
    1. For Buy: ₹0 + ₹62.50 + ₹1.88 + ₹0.34 + ₹0.03 + ₹9.38 = ₹74.12 
    2. For Sell: ₹0 + ₹82.50 + ₹2.48 + ₹0.45 + ₹0.04 + ₹0.00 = ₹85.46
13. Net Debit/Credit: The final amount you pay or receive after taking the total charges into consideration. It is calculated as:

So, that is how FYERS' brokerage charges are calculated for delivery trades.

2. For Intraday

An overview of what FYERS charges as a brokerage for intraday trades:

Let us get into the details of how these charges are calculated:

1. Quantity: It is the total number of shares involved in a transaction. For example, the quantity for both buy and sell orders is 150 shares.
2. Price: It is the cost of each share. The price per share for the buy order is ₹450 and ₹480 for the sell order.
3. Order Type: This tells whether the transaction is of a buying nature or a selling nature. 
4. Turnover: It is the total value of the transaction. It is calculated as:
   1. For Buy: 150 shares × ₹450 = ₹67,500
   2. For Sell: 150 shares × ₹480 = ₹72,000 
5. Brokerage Rate: This is the rate at which brokerage is charged. As you can see in the table, the brokerage for intraday trades is 0.03% of the order value, capped at ₹20. 
6. Brokerage Applicable: This is the total brokerage charge you have to pay on the basis of the brokerage rate. For example, it is ₹20.00 each, which means the total brokerage charge is ₹40.00.
7. Securities Transaction Tax (STT): It is a tax levied on every transaction in the market. STT is only applicable on the sell transactions:
   1. For Buy: ₹0.00 (no STT for buy orders)
   2. For Sell: ₹18.00 (0.025% of turnover on sell orders)
8. Exchange Charges: It is a fee you have to pay to the exchange for executing the trades. The fees charged by BSE:
   1. For Buy: ₹2.03
   2. For Sell: ₹2.16
9. GST: It is applicable on the total of brokerage and exchange charges at 18%. It is calculated as:
   1. For Buy: 18% × (₹20.00 + ₹2.03) = ₹3.96
   2. For Sell: 18% × (₹20.00 + ₹2.16) = ₹3.99
10. SEBI Charges: ₹10 per crore of turnover:
11. Stamp Duty Charges: It is a state-specific charge. As you can see in the table above, STT  is ₹2.02 for the buy order and ₹0.00 for the sell order.
12. Total Tax and Charges: It is the sum of all applicable charges. 
    1. For Buy: ₹20.00 + ₹0.00 + ₹2.03 + ₹3.96 + ₹0.03 + ₹2.02 = ₹28.05
    2. For Sell: ₹20.00 + ₹18.00 + ₹2.16 + ₹3.99 + ₹0.04 + ₹0.00 = ₹44
13.  Net Debit/Credit: The final amount you pay or receive after taking the total charges into consideration. It is calculated as:

3. For Futures

An overview of what FYERS charges as a brokerage for Futures:

Let us get into the details of how these charges are calculated:

1. Quantity: The number of futures contracts traded in both transactions is 150.
2. Price: Here, the buy price is ₹150 per contract, and the sell price is ₹199 per contract.
3. Order Type: This tells whether a contract is a buy contract or a sell contract.
4. Turnover: It is the total value of the transaction. It is calculated as:
   1. For Buy: 150 × ₹150 = ₹22,500.00
   2. For Sell: 150 × ₹199 = ₹29,850.00 
5. Brokerage: The brokerage charged by FYERS for both buy and sell transactions is ₹15.70.
6. Exchange Charges: Calculated on turnover at a specified rate. In this case, applicable exchange charges are:
   1. For Buy: ₹0.131
   2. For Sell: ₹0.131
7. GST: It is charged at 18% on the total brokerage:
   1. For Buy: 18% × ₹15.70 = ₹2.88
   2. For Sell: 18% × ₹15.70 = ₹2.88
8. Securities Transaction Tax (STT): Only applicable on the sell transactions:
   1. For Buy: ₹0.00
   2. For Sell: ₹3.73
9. SEBI Charges: Minimal charges are applicable. Calculated as:
   1. For Buy: ₹0.025
   2. For Sell: ₹0.025
10. Stamp Duty Charges: It is only applicable for buy transactions. So, it will be ₹0.00 for the sell order. However, it is ₹0.45 for the buy order. 
11. Total Tax and Charges: It is the sum of all charges. 
    1. For Buy: ₹19.19
    2. For Sell: ₹22.46
12. Net Profit/Loss: The final amount after the deduction of total charges from net turnover. In this case, the net profit/loss is ₹7,326.92.
13. Total Brokerage Charged: The combined brokerage for both buy and sell transactions is ₹31.40.

And that is how brokerage is calculated for futures transactions.

4. For Options 

An overview of what FYERS charges as a brokerage for options:

Let us understand the details of how these charges are calculated:

1. Quantity: The number of options contracts traded in both transactions is 200.
2. Price: Let's consider the buy price as ₹300 per contract and the sell price as ₹360 per contract.
3. Order Type: This tells whether the transaction is of a buying nature or a selling nature. 
4. Turnover: It is calculated by multiplying the order quantity and price:
   1. For Buy: 200 × ₹300 = ₹60,000.00
   2. For Sell: 200 × ₹360 = ₹72,000.00
5. Brokerage: The total brokerage charged by FYERS for each transaction is ₹20.00.
6. Exchange Charges: Calculated on turnover at a specified rate, totalling:
   1. For Buy: ₹38.61
   2. For Sell: ₹38.61
7. GST: It is applicable on the total of brokerage and exchange charges at 18%
   1. For Buy:18% × ₹20.00 = ₹10.56 
   2. For Sell:18% × ₹20.00 = ₹10.56 
8. Securities Transaction Tax (STT): Only applicable on the sell transactions:
   1. For Buy: ₹0.00
   2. For Sell: ₹45.00
9. SEBI Charges: Minimal charges are applicable:
   1. For Buy:  ₹0.065
   2. For Sell: ₹0.065
10. Stamp Duty Charges: It is only applicable for buy transactions. As you can see from the table above, it is ₹1.80 for the buy order and ₹0.00 for the sell order.
11. Total Tax and Charges: It is the sum of all applicable charges. 
    1. For Buy: ₹20.00 + ₹38.61 + ₹10.56 + ₹0.065 + ₹1.80 = ₹71.035
    2. For Sell: ₹20.00 + ₹38.61 + ₹10.56 + ₹45.00 + ₹0.065 = ₹114.275
12.  Net Profit/Loss: The final amount after the deduction of total charges from net turnover. In this case, the net profit/loss is ₹11,814.72.
13. Total Brokerage Charged: The combined brokerage for both buy and sell transactions is ₹40.00.

So, that is how FYERS’ brokerage charges are calculated for options trades.  

How to use the FYERS Brokerage Calculator?

Here is how you can use the FYERS' brokerage calculator, detailing each step:

Step 1: Access the Calculator: Go to the Finology Select's Website, click on "Brokers", and select "Brokerage Calculators" from the list.
Step 2: Launch FYERS' Brokerage Calculator.
Step 3: Input Quantity: Enter the number of shares you wish to trade. Let's say 150 shares.
Step 4: Input Price: Enter the Price per share at which you want to trade. Let us assume that the price per share is ₹450.
Step 4: Select Order Type: Choose whether you want to “Buy" or “Sell" the shares.
Step 6: Select the Exchange: Choose the exchange on which you're trading: BSE or NSE.
Step 7: Select the Type of Trade: Choose the type of trade you want to execute: Delivery, Intraday, Futures or Options.
Step 8: Calculate Brokerage: All the hard work is done! The calculator will automatically calculate the applicable brokerage and other charges on the basis of your input values. 

Conclusion

FYERS has many features and offerings, making a broker worth considering. The platform supports the trade of financial tools with zero account opening and Demat Annual Maintenance Charges. It also offers zero brokerage charges for equity delivery, ETFs and mutual funds with advanced tools all wrapped up in a user-friendly interface. You can calculate exactly how much extra money you will have to pay as brokerage charges on delivery and intraday transactions, as well as futures and options contracts, if you choose FYERS as your broker.

However, if you think that you might get a better deal with another broker, then head over to Selects' brokerage calculator list! You can try brokerage calculators from 25 popular brokers and pick your best fit. The right broker can make all the difference between profit and loss.