MCX changed the rates, from next month this much will be charged for F&O trade

This is an important update for those who trade in the futures and options segment. The country’s largest non-agri commodity exchange MCX has changed the fee rates for futures and options trade. MCX has made this change after the instructions of market regulator SEBI.

Now the F&O fee has become this much

After the changes made by the Multi Commodity Exchange of India (MCX), a transaction fee of Rs 2.10 will be charged for every Rs 1 lakh turnover for futures contracts. At the same time, a fee of Rs 41.80 will be charged for every lakh rupees in premium turnover value for option contracts. MCX informed about the new charges in a circular on Tuesday. It said that the new charges will be applicable from October 1.

SEBI had given this instruction to MCX

Actually, market regulator SEBI had issued instructions to MCX regarding F&O charges. SEBI had asked it to adopt a fixed transaction fee structure instead of a tiered fee system. Many market institutions, including MCX, were working according to the slab-based fee structure. Market regulator SEBI had expressed objection to it.

The burden of fees will be reduced on traders

SEBI said – In the slab-based structure, there is a possibility that the market institution may not get as much payment as the fee charged from the trader. This raises questions on transparency. That is why the market regulator had asked to adopt a uniform fee structure. This will reduce the burden of fees for customers (F&O traders).

Traders suffer so much loss

Futures and Options trade is constantly in the news. Market regulator SEBI has recently shared surprising results in a research. SEBI’s research shows that retail traders suffer losses in 9 out of every 10 F&O trades. After the SEBI research came out, Congress leader Rahul Gandhi has also raised the issue of F&O trade.

Also read: Rahul Gandhi raised questions on SEBI regarding the losses being suffered by small investors in F&O trading

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