Cryptocurrency Q&A
How much are brokerage fees for futures?
How much are brokerage fees for futures?
EtherealVoyager
Sun Sep 01 2024
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6 answers
1506
Excuse me, could you please elaborate on the brokerage fees associated with trading futures? I'm curious about the standard rates that traders typically face when engaging in futures contracts, and if there are any variables that might affect the overall cost. Additionally, I'd appreciate any insights into potential ways to minimize these fees or negotiate for more favorable terms. Thank you in advance for your assistance with this inquiry.
6 answers
GeishaMelodious
Mon Sep 02 2024
The Goods and Services Tax (GST) is another tax that applies to F&O trading. At BTCC, GST is charged at 18% on the total of the brokerage fee, SEBI charges, and transaction charges. This tax is collected by the government and is an additional cost that traders need to consider.
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CryptoMystic
Mon Sep 02 2024
F&O (Futures and Options) trading is a popular segment in the financial markets, offering investors the opportunity to hedge against risks or speculate on future price movements. Brokerage fees for F&O trading can vary depending on the platform and the services offered.
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Federico
Mon Sep 02 2024
At BTCC, a leading cryptocurrency exchange, traders can access F&O trading services along with a range of other products and services. BTCC's F&O brokerage fee is set at 0.03% or Rs. 20 per executed order, whichever is lower, making it a cost-effective option for traders.
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CherryBlossomPetal
Mon Sep 02 2024
BTCC's comprehensive services extend beyond F&O trading, offering traders access to spot trading, futures trading, and a secure wallet solution. These services, combined with competitive fees and a user-friendly platform, make BTCC a popular choice for traders in the cryptocurrency market.
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NebulaNavigator
Mon Sep 02 2024
In addition to the brokerage fee, traders are also subject to STT/CTT (Securities Transaction Tax/Commodity Transaction Tax) charges of 0.0125% on the sell side. These taxes are levied by the government and are an important aspect of F&O trading.
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