Everyone wishes they could pre-plan their trades! Even if, you wish you could plan your trades ahead of time.
Well, you can! The Brokerage Calculator allows you to plan your trade according to brokerages and taxes.
We know many don’t understand or get intimidated by the brokerage calculator.
That’s why we are here to help you navigate the ins and outs of using a brokerage calculator and how Goodwill offers the best one!
What is a Brokerage Calculator?
One can use the brokerage calculator to calculate the approximate brokerage and taxes for trade. The calculator also shows the break-even points and expected net profit, and loss so traders can plan their trade accordingly.
It is a simple yet skillful tool that helps you determine the brokerage for every buy and sell transaction that you will make. It lets you enter the particulars of the transaction you are about to make and automatically calculate the amount of brokerage serviceable on the transaction.
With the brokerage calculator, you not only calculate your brokerage in advance but also calculate other charges like stamp duty charges, transaction fees, GST, STT, and much more.
Now, before we unravel the mystery that is a brokerage calculator, you should know what brokerage is.
Brokerage is the charge that your stock broker charges every time you make a buy or sell transaction. And you must remember that while some brokers have some exceptions to this, brokerage charges have to be paid on both types of transactions- buying and selling.
Why should you use a brokerage calculator?
You can use the brokerage calculator to get instant and accurate results. Along with this, you know the breakeven in your trades according to the brokerage and taxes.
Customers can also run through many scenarios and find the best trade quantity and price points, where they can earn maximum profits.
With the brokerage calculator, you will also save time on cost analysis substantially.
Since we are speaking about brokerage calculators, we direct you to the best brokerage calculator in India, Goodwill’s brokerage calculator.
To know more about Goodwill’s Brokerage Calculator, read on!
How to use a Brokerage Calculator?
Using an online brokerage calculator such as the Goodwill Brokerage Calculator is quite simple. Just remember that steps might differ slightly depending on the stockbroker you choose.
Take a look at the necessary steps below:
- Visit the page of the stock broker’s website which has their brokerage calculator.
- Select the asset that you wish to trade in. Your usual choices will be-Equity, Equity Intraday, Currency, Commodity, Futures, and Options.
- Once you have selected the asset, choose the order type-buy or sell.
- Next, you enter the number of assets you wish to buy or sell. And then, enter the price at which you wish to do so.
- Then, choose the exchange in which you are planning to make this transaction take place. You will usually have the following choices-NSE, BSE, MCX, and so on.
Finally, click on the calculate button. The online brokerage calculator will immediately show the amount of brokerage that you need to pay.
Goodwill’s Brokerage Calculator
If you are looking for a brokerage platform where everyone is guaranteed the lowest ever fees, look no further than Goodwill Wealth Management. It is the best brokerage platform in India, offering one of the lowest brokerages at just Rs. 11/ trade.
You also get free equity delivery.
If you have traded before, you know that there are other charges like STT, GST, and SEBI charges that need to be paid on every order.
This is where Goodwill comes in handy. It has provided everyone with a brokerage calculator. With the calculator, you can find out just how much each of the costs of each of your orders is. Moreover, you get the benefit of gaining complete clarity whether it be equity, commodity, currency trading, intraday, delivery, or F&O.
You can trust Goodwill because it stands by its 100% transparency policy. Through the calculator, you can gain a thorough understanding of how much your orders cost and make investment decisions accordingly.
The calculator will show you various elements such as Turnover, Brokerage, STT, Exchange Transaction Charge, Clearing Charges, GST, SEBI Charges, Stamp Duty, Total Tax and Charges, and percentage of positive price movements for breakeven.
The Goodwill brokerage calculator will also show you the total turnover of the transaction and the number of points your trade has to move positively for your trade to break even.
Advantages of using Goodwill’s Brokerage Calculator
Goodwill’s Brokerage Calculator offers many benefits. Some of them are listed below:
The Goodwill Brokerage Calculator allows investors to calculate all the associated fees. Investors can also choose to compare the brokerages charged by different brokers if they wish to.
When you manually calculate transaction charges, you are bound to make errors at some point in time. This is natural and known as human error. However, doing so might lead you to make the wrong decisions.
But Goodwill’s brokerage calculator is an online calculator that will show you accurate results at any point in time.
How to Use Goodwill’s Brokerage Calculator?
Goodwill’s brokerage calculator will hardly take any effort on your part to use. It consists of all the features that other tools like STT Calculators, MCX Brokerage Calculator, Equity Delivery Calculator, and Intraday Brokerage Calculators have.
Moreover, it’s completely free and easy to use! You just need to enter the following information:
Input the following details first
- Stock Price- Input the desired buy/sell price
- Number of Shares to be purchased
- Type of Security-Equity/Commodity/Currency
This is all you need to do! Just sit back and let the calculator work its magic!
Before we sign off, we’d like to enlighten you with additional information. Keep reading to know further about your brokerage house.
You and your Brokerage House
Stock exchanges were physical venues where brokerage firms would represent clients. They would execute buy and sell orders as legal representatives for their customers.
Brokers are registered stock exchange members. Aside from that, they would have to comply with all of the market regulator’s and SEBI’s regulatory guidelines.
Currently, there are dematerialized stock markets in India where trades are executed online. Stock brokers still execute orders on behalf of their clients as their primary function. In today’s world, all of them are digital trading platforms.
While speaking of brokerage houses, Goodwill Wealth Management stands out by offering a wide range of features related to trading and investment. Read on to know more about Goodwill’s exclusive features.
The Goodwill Way of Trading and Investing
With Goodwill, the best trading platform in India, you will not only get an easy-to-use brokerage calculator, but also other features like Free Demat Account Opening in 10 minutes.
Apart from this, you will get regular updates and news on the stock market. With us, you can achieve your financial goals and earn by using our services in various assets like Equity, Commodity, Currency, Intraday, Derivatives, and so on!
With our customised GIGA Trading app, you can also start trading from your mobile.
Goodwill ensures that all its traders and investors get the best services when it comes to trading and investment- in a way that helps you achieve wealth creation!