When you’re backed by a broker in the stock market, you would be mostly concerned about their brokerage fee and strategies. An investor would look forward to seeking help from a market expert who offers wise strategies at the lowest brokerage fee, hence an investor could calculate the brokerage fee online with the help of brokerage calculator. In this blog, we’ll discuss what is brokerage calculator and how it works.
WHAT IS A BROKERAGE CALCULATOR?
The brokerage calculator is an online tool that aims to help the traders to know the exact charges that might be incurred while conducting the trade. The brokerage calculator also helps in determining duty charges, transaction fees, SEBI turnover fee, GST and Securities Transaction tax. Therefore, using a brokerage calculator would simplify the calculation process of calculating the cost of individual components involved in the trade.
If you’re looking for a market expert who can offer you exceptional service at the lowest charge, then choose Goodwill. Goodwill charges just Rs.11 per executed order and also offer free equity delivery.
HOW BROKERAGE CALCULATOR WORKS?
The brokerage calculator works on a simple formula, i.e:
Brokerage = Number of bought/sold shares x Price of one unit of stock x Brokerage Percentage.
This brokerage formula is implemented in both intraday and delivery trading options by share brokerage calculators. The brokerage calculator offers precise and effective computational solutions rather than manually calculating the brokerage fee of a stock broker’s commission
HOW TO USE GOODWILL’S BROKERAGE CALCULATOR?
Goodwill’s brokerage calculator is a user-friendly tool for calculating brokerage. To use the Goodwill brokerage calculator, you would need to enter the following input namely:
- Stock price or Buy/Sell price
- Number of Shares
- Enter the Quantity of Purchase or Sell
- Choose the Stock Exchange
Once the data is entered, the charges will be automatically calculated and displayed to the investor.
CHOOSING THE BEST BROKER:
Choosing the best broker in the market is not an easy task, you would need to analyze their strategies and brokerage fee quoted by the respected broker. You can determine the brokerage fee of an order with the help of an online brokerage calculator tool. Hence, invest your savings with a trusted expert like Goodwill!
Invest your valuable savings with Goodwill, who offers amazing trading benefits like free demo trading platform, live webinar and training sessions, free research calls, lowest brokerage charges, etc. Goodwill is backed by dedicated experts who promise to deliver exceptional trading support to their valuable investors. Click here to open your Free DEMAT Account with Goodwill today!
For more info, visit the official website of Goodwill or make a call on +91 80122 78000 to trade your stocks smartly and efficiently. Stay connected with Goodwill’s Facebook Page and get instant live updates on your stocks.
