Investing
Brokerage
The broker's fee for executing your trade.
Brokerage is what your broker charges per trade — flat (e.g. ₹20/order at discount brokers) or percentage-based (full-service brokers). It is only one of six trade costs: STT, exchange charges, GST, stamp duty and DP charges apply on top.
Example
A ₹50,000 intraday trade at ₹20 flat costs far less in brokerage than at 0.05% (₹25) — but small trades flip the maths.