Cryptocurrency Q&A
How much is exchange transaction charges?
How much is exchange transaction charges?
KatanaBlade
Mon Sep 02 2024
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7 answers
1566
Excuse me, could you please clarify for me the exact amount or structure of the exchange transaction charges that I would incur when conducting transactions on your platform? I'm trying to budget accordingly and ensure I'm fully aware of any associated fees that may impact my overall cost. It would be greatly appreciated if you could provide a detailed breakdown or an average estimate, if applicable. Thank you in advance for your assistance.
7 answers
CryptoElite
Tue Sep 03 2024
Currency futures trading is a popular form of financial investment, allowing traders to speculate on the future price movements of various currencies. This type of trading offers the potential for significant profits but also involves inherent risks.
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SeoulSerenity
Tue Sep 03 2024
Transaction charges for currency futures trading include exchange transaction charges levied by the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). These charges are typically a small percentage of the trade value and contribute to the overall cost of trading.
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Martina
Tue Sep 03 2024
Brokerage fees for currency futures trading can vary depending on the platform and services offered. Some brokers charge a fixed percentage of the trade value, while others may have a minimum fee per executed order.
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isabella_cole_psychologist
Tue Sep 03 2024
For NSE and BSE, the exchange transaction charge is 0.0009% of the trade value. This fee is payable to the exchange and is separate from the brokerage fee charged by the broker.
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CryptoPioneer
Tue Sep 03 2024
In addition to brokerage and transaction charges, traders may also be subject to Goods and Services Tax (GST) on their trading activities. The GST rate applicable to currency futures trading is 18% of the total fees and charges paid by the trader, including brokerage, SEBI charges, and transaction charges.
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