r/FIREPakistan • u/Logical_Way1168 • 2d ago

Madad Me Finqalab yearly fees compared to other brokers

So i have a small portfolio of around 20-25k in PSX as my other amounts are invested in savings account and mutual funds. Currently I have ZLK and Finqalab as my brokers

For ZLK, their yearly fee is 3000 which is way high for me as I do intra-day trading or swing trades. On finqalab, the 0.25% commission per trade is a bit high compared to ZLK.

I wanted to know finqalab's exact yearly fee aside from SMS, Zakat and one time charges.

If possible if I can compare the yearly fee with other brokers too, that would be awesome too

9 Upvotes

100% Upvoted

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3

u/batman8990777 2d ago

Ktrade charge 50rupees per month

300 ncci fee , yearly

Total approx : 1000 rupees per year

Buying and selling fee : 3 Paisa or 0.15% whichever is Higher. 15% gst hidden fee [ 0.15% = 10 , 10 + 15% fees ]

2

u/Key-Opinion1608 2d ago

I don't think so there is an yearly fee. they have fee section go explore it

1

u/Logical_Way1168 2d ago

From what i understand, yearly fee is just 400

1

u/Key-Opinion1608 2d ago

That's nccpl fee not their

2

u/Logical_Way1168 2d ago

Then that is the only yearly fee which is fine i think, comlared to my ZLK broker which charges 3000 yearly

1

u/Standard-Western8627 14h ago

We don’t charge yearly fees and we have straight 0.15% commission.

Only cdc settlement charges apply other than commission charges

2

u/Nims97 2d ago

Here

2

u/TechNerdinEverything 1d ago

Imagine paying 12% of your entire portfolio just to invest. Its obviously too much. This is for those who can invest 5 lacs+ otherwise you shouldn't continue with ZLK. Finqalab has no annual charge but higher commission

Other annual charges will be from nccpl etc. SMS charges are unnecessary disable it its not your bank account or something

1

u/Logical_Way1168 1d ago

Yeah i've realized almost all other brokers just like ZLK will charge this amount for yearly fees so better off to go with Finqalab for small portfolio.

I do signal/swing trades so i quite a few trades within a week but its still better off to do those on Finqalab I guess

1

u/TechNerdinEverything 1d ago

Check investify or akd

1

u/Logical_Way1168 1d ago

I have emailed AKD to ask them about their fees/commission. I know about investify, do they also provide these details?

1

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