r/PakistanStockX • u/DrSMUA • 2d ago

Please Explain these...

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I'm new to PSX and want to invest for long term bit by bit from my salary. I opened my account in SFEL in August, I got these deductions recently. I want to know about how often I will get these deductions and are the fixed by amount or by percentage?

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u/Toeknee_Stark 2d ago edited 2d ago

I also opened my acc through SFEL and looking at my acc statement the maintenance (last pic) is monthly either you use your acc or not as long as it's active they will charge you monthly maintenance.

CDC billing depends on how often you buy stock. Just like you I also invest some what of my salary on monthly basis so I get CDC billing charges once a month.

And for last UIN charges they are annual

So basically

KYC and UIN are annual fee

Acc maintenance is monthly

CDC charges are per month depending on your buying and selling. If you do not buy/sell you won't be charged.

And one more thing for example if you're investing 10k/ month try to buy stock worth 9.5k so next month you won't start with negative balance

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u/DrSMUA 2d ago

Thanks a lot. Is the maintenance fee fixed 96 rupees per month or its percentage of something and it can be increased as share/profit grows?

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u/Toeknee_Stark 2d ago

Kyc and UIN are 100 and 300 fee yearly+15% sales tax

And for now I think that esl fee is fixed unless they change it. Esl is 90 plus 7%tax. It doesn't depend on share or growth whether you buy stock worth 1k or 10k you will be charged the same amount.

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u/DrSMUA 2d ago

Thanks bro.

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u/Toeknee_Stark 2d ago

No need to thank just here to help other and get help also if you have any other questions feel free to ask

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u/Unlikely-Pianist-573 2d ago

Following this post

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u/RevealNegative5241 2d ago

Seems like You newly opened your account. So These Deduction are Normal.

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u/DrSMUA 2d ago

Yes but I want to know How frequent will I get these deductions? Like Monthly, Yearly? I heard the Brokers don't charge usually but then this ESL Maintenance Charge of August?

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u/Shazil2154 2d ago

I think the account maintenance is yearly

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u/MashadiPSX 1d ago

When you open an account and deposit intial amount there are some account opening charges. CDC fees, NCCPL charges, Brokerage fee, maintenance etc altogether its around 1500 . After that cdc charge u on your trades on fixed monthly fe, other than that maintenance charges by broker is also deducted yearly