Brokerage Calculator
Every charge on an equity trade, line by line, and the break-even move.
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Result
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Questions about what this tool does, which option to pick, or what it can and cannot handle.
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About the Brokerage Calculator
The difference between a trade's gross profit and what reaches your account is a stack of charges, most of them statutory and none of them optional. This itemises every one and works out the price move needed just to break even.
The lines are brokerage, securities transaction tax, the exchange transaction charge, the regulator's turnover fee, stamp duty, goods and services tax on the first three of those, and depository charges on a delivery sale. Each appears separately so you can check it against a real contract note rather than accepting a single total. That matters because brokers occasionally get one wrong, and a bundled figure makes it impossible to notice.
The segment changes the arithmetic more than anything else. Securities transaction tax on delivery is charged on both the buy and the sell; on intraday it applies to the sell alone and at a quarter of the rate. Stamp duty differs too. So the same price movement produces materially different net results depending on how the position was held, which is one reason intraday costs look deceptively low until the brokerage on frequent trading is added up.
The break-even line is the practical output. On a small delivery trade with a discount broker, charges routinely amount to a fraction of a per cent of turnover — which sounds negligible until you notice that a stock has to move that much before you have made anything at all. On very small positions the fixed depository charge alone can dominate.
Statutory rates are re-notified from time to time and the year encoded is stated on the result. Set brokerage to zero for a discount broker's delivery trade.
How to use it
- 1Enter the buy price, the sell price and the quantity.
- 2Choose delivery or intraday — it changes the transaction tax and stamp duty.
- 3Set your broker's own rate and cap, or leave the rate at zero for free delivery.
- 4Read the itemised charges and the break-even move before placing the trade.
Questions
- Why do delivery and intraday cost such different amounts?
- Securities transaction tax on delivery applies to both sides of the trade; on intraday it applies only to the sell, at a much lower rate. Stamp duty differs as well, and delivery adds a depository charge on the sale.
- What is the break-even move?
- The per-share price rise needed to cover every charge on the round trip. Below it the trade loses money even though the price went up, which is the figure most worth knowing before entering a small position.
- Are these rates current?
- They encode the year printed on the result, and statutory charges are re-notified periodically. Every line is itemised so you can check each against your own contract note rather than trusting a total.
- Why is my broker's charge different?
- Because brokerage is the one line that is not statutory. Discount brokers commonly charge nothing on delivery and a flat cap on intraday; full-service brokers charge a percentage. Set the field to match your own arrangement.