Brokerage Calculator : What Is It and How Can It Help Investors?

The brokerage calculator as the name suggests is a tool to calculate the brokerage charges which will be applicable to the trader/investor. This means that the Brokerage calculator is an invaluable tool for traders to have.

Since trading and investing is a dynamic process where opportunity with the right timing makes the difference between a profitable trade and a losing one, it is essential that the tool i.e. brokerage calculator be one that is easy to use and quick. It needs to be accurate and clear as well.

Most companies offer brokerage calculators as a service addition and is usually free so the trader can get the brokerage amount at high fingertips. It also takes the minute task of segregating brokerages for equities or commodities, intraday or delivery from the broker and just provides the information conveniently.

One of the best brokerage calculators on the market is Jiffy’s Brokerage calculator.

Jiffy’s Brokerage calculator is simple and effective. The brokerage is generated in a few quick steps like,

  • Select the state you are from
  • Select from Intraday or Delivery
  • Select the stock
  • Enter the quantity
And done! The brokerage is dynamically calculated as the stock is entered or the quantity edited.

In the input fields you can also see the BUY PRICE, SELL PRICE and BROKERAGE RATE in percentage. You can also toggle between INTRADAY and DELIVERY and see the brokerage dynamically adjust to the selection in real-time.

The small box next to the input fields shows the various prices split up into,

  • STT/CTT
  • Transaction charges
  • Clearing charges
  • GST
  • State Stamp Duty
  • Sebi turnover fees
  • Total taxes and charges
These brokerage charges apart from the key Brokerage and Net P&L charges give the complete picture to the trader/investor as far as total outgoings are concerned. This means, no surprises!

The Online brokerage calculator of Jiffy is available on the web and can be accessed from anywhere, anytime. It aims to provide complete transparency to your trading experience by trading fees and charges even before you place your order.

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