In this article, however, we will reveal all the Kifs Trade charges, along with Kifs Trade Brokerage charges and we will also debate whether or not the price justifies. We will mention the account opening fees along with the AMCs, the Transaction fees, and all other additional payments that you must pay while bartering stocks with Kifs Trade.
Kifs Trade is one of the renowned stock trading companies based in Mumbai, which set foot in 1995. Even though the company is privately held to this date, it has managed to become a full-service stockbroking agency, which is why we will discuss the Kifs Trade Brokerage charges.
Where the company offers 10x trading exposure, the brokerage fees are mostly reasonable, which should allow the traders to earn handsome profits.
|Equity Delivery Trading||0.20%|
|Equity Intraday Trading||0.02%|
|Margin Money||75% Margin|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs 20 per instruction|
What are the Kifs Trade Brokerage Charges?
|What are the Equity Delivery Charges?||0.20%|
|What are the Equity Intraday Charges?||0.02%|
|What is the brokerage on Equity Futures?||0.02%|
|How much brokerage charged for Equity Options?||Intraday: Rs 20 per lot | Carry Forward: Rs 20 per lot|
|What is the brokerage on Currency Futures?||0.02%|
|What is the brokerage on Currency Options?||Intraday: Rs 20 per lot | Carry Forward: Rs 20 per lot|
|How much brokerage charged for Commodity Trading?||0.02% / Rs 20 per lot|
|Brokerage Calculator||Kifs Trade Brokerage Calculator|
Nowadays, a majority of stock traders choose a company based on the brokerages they charge. So, the Kifs Trade Brokerage fees give them an advantage in this factor. They follow a dynamic price range, which is often reasonable.
For starters, they charge 0.20% for the Equity Delivery trading. This amount is pretty significant, and most experts believe it as a fair fee to charge. The Kifs Trade Brokerage charges for the Equity Intraday and Equity Futures are 0.02%, respectively, where the same value is also applied to Currency Futures.
Now, for the Equity Options, they change their usual pattern to flat charges – Rs.20 per lot. All these fees are appreciated by most of the traders and industry critics. For the Currency Options, they again follow the same trend – Rs.20.
Finally, for Commodity trading, they charge 0.02%. One important tool which is very crucial here is the dedicated Brokerage Calculator of Kifs Trade. By this tool, any trader can promptly calculate the brokerage fees and figure out the expected profit margin.
Open Demat Account with Kifs Trade Now! – Fill up the Form
What are the Kifs Trade Account Opening Charges?
|Account Opening Charges|
|Is there any Trading Account Charges [One Time]?||Rs 0 (Free)|
|How much is the Trading Account AMC [Yearly]?||Rs 0|
|Is there any Demat Charges [One Time]?||Rs 0|
|How much is the Demat AMC [Yearly]?||Rs 330|
|Any minimum Margin Money required?||75% Margin|
Let us now discuss the Kifs Trade account opening charges. The account opening charges are a one-time payment. The Kifs Trade Demat charges Rs.0, whereas the Kifs Trade Trading charges include Rs.0. Now, according to the majority of the industry experts, the fees are marginal, and most clients should not have an issue paying them.
When considering the AMC, the Demat accounts do have it – Rs.330 per year. In contrast, there are no AMC fees for the Trading accounts.
However, one of the biggest criticisms of Kifs Trade is the excessive margin money they have imposed – a minimum of 75% Margin. The amount, as per the experts, is way too high for a new trader looking to invest low in the beginning.
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What are the Kifs Trade Transaction Charges?
|Transaction Charges for each segment|
|What are the Transaction Charges for Equity Delivery?||0.00295%|
|What are the Transaction Charges for Equity Intraday?||0.00300%|
|How much is the Transaction Charges for Equity Futures?||0.00340%|
|How much is the Transaction Charges for Equity Options?||0.00280%|
|What are the Transaction Charges for Currency Futures?||0.00295%|
|What are the Transaction Charges for Currency Options?||0.00315%|
|Any Transaction Charges for Commodity Trading?||0.00310%|
Transaction charges are mandatory for all the traders if they wish to trade stock. However, unlike other companies, the Kifs Trade Transaction charges are all variable. For starters, they charge 0.00295% for the Equity Delivery as its Transaction fee.
In the case of the Transaction fees for the Equity Intraday and Equity Futures, the Kifs Trade charges are 0.00300% and 0.00340%, respectively. The Transaction charge for Equity Options is 0.00280%, whereas, for the Currency Futures trading, it is 0.00295%.
For the Currency Options, the Transaction charge levied by Kifs Trade is 0.00315%, and for Commodity Trading, it is 0.00310%. Even though there are some debates, but again most critics believe the fee structure for the Transaction fees are acceptable.
What are the other remaining Kifs Trade Charges?
|How much is the Transaction Charges levied?||0.00295% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)|
|How are the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Any Margin Funding Charges?||18% + GST|
|How much is the Reactivation Charge?||Rs 20 per instruction|
|Any charges Account Closure?||Rs 20 per instruction|
|What are the Dematerialisation Charges?||Rs 10 per certificate + Rs 50 per request|
Now, we will discuss the final set of Kifs Trade charges. It starts with two fees that have been calculated on the total turnovers – Transaction charges and STT charges, which are 0.00295% and 0.0126%, respectively. For the Stamp Duty, we know it varies between the states you live in. Typically, it ranges between 0.002% – 0.004%.
GST is the next crucial fee that is calculated on the sum value of total brokerage and Transaction fees. The rate of GST is flat 18%. Some companies charge fees for Account Closure. Such is not the case for Kifs Trade, as they do it for Rs 20 per instruction.
However, they charge Rs 20 per instruction for any service Reactivation. Lastly, they charge Rs 10 per certificate + Rs 50 per request for the Dematerialisation of stock shares.
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General FAQs on Kifs Trade Charges
Lets have a look at the FAQs on Kifs Trade Charges:
Does Kifs Trade provide fixed brokerage options?
Unfortunately, Kifs Trade doesn’t provide options for fixed brokerages.
Does Kifs Trade have different brokerage charges for penny stocks?
If in case you are dealing with the Penny Stocks, Kifs Trade doesn’t charge different brokerages.
Can I calculate Kifs Trade brokerage even before I place a Trade?
Yes. You can commute the brokerage in advance using the Kifs trade brokerage calculator.
Can I calculate Kifs Trade margin / limit / exposure?
Of course, you can opt to learn about the margin in advance as well.
Is there any account opening fees by Kifs Trade?
Yes, there are account opening charges that you must pay. We suggest you contact Kifs Trade support.
Is there any AMC levied by Kifs Trade?
As of now, there are no particular AMC that you need to pay.
Kifs Trade Charges – Conclusion
First and foremost, Kifs Trade is a 25-year-old company and possesses a lot of experience in the stock trading industry. So, there can be several reasons for choosing this Mumbai based company. Of course, the Kifs Trade charge is one of the significant reasons for sure.
Prior to offering decent trading exposure, robust trading platforms, the Kifs Trade Demat charges, as well as the Trading account charges, are quite viable reasons for people choosing them over other stock trading companies.
Open Demat Account with Kifs Trade Now! – Fill up the Form
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