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Penny Stock Brokerage

November 2nd, 2009 admin Leave a comment Go to comments

penny stock brokerage
Angel Broking Brokerage on Penny Stocks…?

I have bought Surat textile @ 3.90 (Penny stock) & I have been charged Double brokerage. So, Will Angel Broking charge “Paisa per share” or As % on Total trade value. They have told my Brokerage as % on total trade value. But they charged to me paisa per share as If I purchased Penny stock. Is there any kind of rule to charge brokerage as Paisa per share if stock price below Rs.10 or something. Even i have proof of already written on Angel’s Client master profle . What should be the correct brokerage As mentioned by Angel broking or They can charge with their own decisions…?

You did purchased “penny stock”. Hence Angel must have charged “paisa per share”. And while you have complied KYC documentation they must have clearly stated both the % and paisa figures. They always do.

Still discuss with your branch head and see what could be done.

Penny Stock Brokers UK



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