Are you looking forward to starting options trading in Motilal Oswal? If yes, then along with the trading services, it is important to gain an understanding of Motilal Oswal option trading charges.
Motilal Oswal Option Brokerage Charges
Options are traded in lots and since Motilal Oswal is a full-service stock broker it charges brokerage on the basis of the lot you trade in the market.
The brokerage charges in Motilal Oswal for equity and currency segments is ₹ 20/ lot while for commodity trading the brokerage for options is ₹ 200/ lot
Here is more detailed information regarding the money imposed by Motilal Oswal-
Let’s understand this with an example:
Suppose trader A bought 1 lot of Nifty and trader B 4 lots of Nifty using MO Investor app.
Now the brokerage charged to each trader would be:
Trader A: 1 * 20= ₹ 20
Trader B: 4 * 20= ₹ 80
More the quantity higher will be the brokerage.
How to Check Motilal Oswal Option Trading Charges?
Now along with the brokerage, there are other fees and taxes on each trade. This includes STT, GST, transaction charges, SEBI charges, etc.
You can check all these charges in the contract note provided to you after every trade in your registered email and mobile number.
Also, you can use the Motilal Oswal brokerage calculator to calculate the fees beforehand to avoid any confusion later.
Motilal Oswal option trading charges are less in comparison to another full-service stock broker.
Along with the minimum cost, Motilal Oswal provides tips that make it easier for beginner traders to make a profitable trade in the market.
If you have more queries regarding brokers, you can drop them below with your contact details, and we will reach out to you.