What is a brokerage calculator?
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A brokerage calculator is an online tool used to calculate the applicable brokerage for each trade. These are offered by brokers to help their customers calculate the cost they may incur on specific trades. A stock brokerage calculator uses information like the price and quantity of an order and provides you with accurate information on various charges you will pay if you execute your trade.
A good brokerage calculator will help you calculate your turnover as well charges. For each trade, you can calculate -
• Turnover
• Breakeven points
• Brokerage charges
• GST
• STT
• Transaction charges
• SEBI charges
• Stamp Duty
Basically, you get a clear picture of what you will be investing in each trade and based on your risk tolerance, you can go through with the right trade. A share brokerage calculator helps you plan your trades better. You can manage your risk better and make informed trading decisions.
If you are looking for a good brokerage calculator, I would suggest you try the one by Definedge Securities. You can choose the calculator based on the segment you wish to trade in and calculate the charges associated with any trade by adding the trade details.
