Per Executed Order is a brokerage pricing model where charges are applied only when an order is successfully executed on the exchange. Unlike models where charges may apply per order placement or per trade value, here the fee is levied once the order (or part of it) results in a confirmed trade.
Key Points
- Definition of an Executed Order
- An order is considered executed when it is matched on the exchange and results in a buy or sell transaction.
- Even partial fills of an order are treated as an executed order.
- How Charges Work
- A flat fee is charged per executed order (e.g., ₹20 per executed order).
- The charge remains the same regardless of the order value (whether ₹5,000 or ₹5,00,000).
- Multiple trades in the same order (due to partial execution at different price points) are usually counted as one executed order.
- Example
- If you place an order to buy 100 shares of XYZ Ltd, and the system executes 40 shares at ₹100 and 60 shares at ₹101, it is considered one executed order, and only one fee is charged.
- If you place two separate buy orders, both executed, then charges apply separately for each.
- Common Usage
- Widely adopted by discount brokers in India (e.g., Zerodha, Upstox, Angel One, Groww, etc.).
- Usually set at a flat rate (₹20 or lower) per executed order across segments like equity intraday, F&O, commodities, and currencies.
- Equity delivery is often free with discount brokers.
