Question

Who is a broker in the securities market? What is limit of the commission he can charge?​

Answer 1

$\huge\red{\mathbb{ Answer}}$

The maximum brokerage that can be charged by a broker has been specified in the Stock Exchange Regulations and hence, it may differ from across various exchanges. As per the BSE & NSE Bye Laws, a broker cannot charge more than 2.5% brokerage from his clients.

Answer 2

$\huge{ \underline{ \bold{ᴀɴsᴡᴇʀ....{ \heartsuit}}}}$

The maximum brokerage that can be charged by a broker has been specified in the Stock Exchange Regulations and hence, it may differ from across various exchanges. As per the BSE & NSE Bye Laws, a broker cannot charge more than 2.5% brokerage from his clients