Calculate Brokerage Fee

How to calculate Brokerage fee for newbies effectively ........??

Greenleaf, i suggest you to setup a table (spreadsheet) to calculate your brokerage fee and as a measure to your profit and loss or breakeven point for a particular stock that you purchase. This will give you exactly how much is your intraday or normal (T+1 onward) profit/loss.

Normal online brokerage is 0.4% (T+1 onward) negotiable and 0.1% for intraday.

Lets take 0.4% for your example and assuming you buy 1000units each on 4.28 & 4.2 respectively. Both transactions on the same day. Average price will have to take for calculation of brokerage as these two transactions are on the same day.

For Purchase :-

1) Average price = (4.28 + 4.2)/2 = 4.24

2) Total proceed = 4.24 x 2000 = 8480

3) Clearing Fee = 8480 * 0.0003 = 2..544 (RoundUp to 2 decimal) = 2.55

4) Stamp Duty = 8480/1000 = 8.48 (RoundUp to 1 digit) = 9 (subject to minimum RM1)

5) Brokerage(0.4%) = 8480 * 0.004 = 33.92 (subject to minimum brokerage whichever is higher)

6) Nett Purchase ( 2+3+4+5 ) = 8480+2.55+9+33.92 = RM8525.47


For Sales minus proceed with charges instead :-

1) Nett Sales ( 2-3-4-5 )


Greenleaf, with the above Puchase & Sales calculation you will be able to setup one table for your own to gauge your profit & loss..... :)