Brokerage Fee & Commission Calculator

While US brokers like Robinhood, Schwab, and Fidelity charge $0 commission on stock and ETF trades, they still pass through regulatory fees. The SEC charges $8.00 per million dollars ($0.000008 per $1) on sell orders to fund securities regulation. FINRA charges a small Trading Activity Fee on sell orders. These are fixed regulatory costs that brokers must collect - they keep none of it. Our brokerage fee calculator includes these pass-through fees so you see the true cost.

STT (Securities Transaction Tax) is a tax levied by the Indian government on every stock market transaction. For delivery-based equity buys, STT is 0.1% of the trade value - on a ₹10 lakh trade, that's ₹1,000 in STT alone. Combined with the ₹20 flat brokerage, SEBI turnover tax, transaction charges, 18% GST, and DP charges, the total cost for Indian brokers can be significant compared to US brokers. Our calculator breaks down each component separately.

Options trading fees vary significantly by broker. Robinhood charges $0 per contract but $0.05 in regulatory fees. Schwab and Fidelity charge $0.65 per contract plus SEC fees on sells. Interactive Brokers charges $0.65 per contract with exchange fees. For Indian brokers, options are taxed at 0.05% STT on the premium value. Use the brokerage fee calculator with asset type set to "Options" to compare per-contract costs across brokers.

The effective rate is the total fee expressed as a percentage of your trade value. It matters because it shows the true cost of trading regardless of trade size. For example, a $0 commission trade with $0.80 in SEC fees on a $100,000 sell has a 0.0008% effective rate, while a ₹20 commission + ₹1,000 STT on a ₹1 lakh trade has a 1.02% effective rate. The brokerage fee calculator computes this automatically for every broker.

Absolutely. All calculations in our brokerage fee calculator are performed locally in your browser. Your trade amounts, broker selections, and fee comparisons are never transmitted to any server, stored, or logged. Your financial information stays entirely on your device, ensuring complete privacy.

Our brokerage fee calculator uses the standard published fee schedules for each broker as of 2025. US broker rates (SEC $8/million, FINRA TAF) are set by regulators and updated semi-annually. Indian broker rates (STT, SEBI, GST) are set by the government and updated in budgets. Individual brokers may offer customized pricing for high-volume traders. Always verify current rates with your broker before making trading decisions.

Yes - 100% free, forever. No signup, no account, no premium tier, no ads, and no usage limits. Compare brokerage fees across any combination of brokers as many times as you need, completely free without any restrictions.

Yes. The brokerage fee calculator includes US brokers (Robinhood, Schwab, Fidelity, Vanguard, Interactive Brokers) and Indian brokers (Zerodha, Angel One). You can compare them side by side for the same notional trade value. Note that the calculator shows fees in the broker's local currency (USD for US brokers, INR for Indian brokers) - the trade value input is in USD, and Indian broker fees are converted from their rupee-based fee structures using approximate rates.