With the growing technologies, everything is going online. You can perform each task online, which you never thought would be done online. Trading is one of the parameters that nobody thought would be done online as it involves a large amount of money. Trading needs security and assurance because some people put all their savings into trading; if they suffer from fraud, they will never be able to overcome it. The trading procedure involves many charges besides the actual price, such as securities. People often don’t know much about these charges and pay higher prices. Brokerage calculators are used to calculating the brokerage amount people are paying to the companies. You can use the Finvasia brokerage calculator, the best brokerage calculator available on the market.
What is a brokerage calculator?
It is online tool brokers, and other investment companies provide for calculating the brokerage involved in the trading business. Brokerage is the charges charged by brokers to facilitate a trade. It also calculates transaction fees, stamp duty charges, GST, etc. These brokerage calculators are handy to people as they will help you find out the best deals for your trade. Some companies charge more brokerage fees compared to others. So, with the help of these calculators, you can compare the brokerage fees and buy the best deal for you.
These calculators are not so complicated. You need to fill in your stock’s buying and selling price, the Number of shares bought, the state, and the size of a lot. All this information is sufficient to calculate the brokerage amount. These calculators are accurate and help you in saving your money.
The formula used to calculate the brokerage is:
Brokerage= Number of shares sold or bought x Price of one unit of stock x brokerage percentage
This formula is used to calculate the amount of brokerage. By using this calculator, you can find the amount different companies are Charging and save your money by comparing.
Brokerage Calculator Guide 