Most traders focus on strategy, entries, exits, and indicators.
But one silent factor quietly eats into profits every single day — brokerage.
At first glance, ₹20 here or 0.03% there doesn’t feel like much.
But over time, brokerage adds up, especially for active traders.
How Brokerage Adds Up Over Time#
Imagine this:
- You place 10–20 trades per day
- You trade intraday, options, or scalping strategies
- You frequently adjust positions, hedge, or roll contracts
Each action is charged per order or per lot by most brokers.
The Result?#
Even a profitable trader can end up paying thousands to lakhs per year in brokerage — money that could have stayed in your trading account.
Why Brokerage Matters More Than You Think#
It Directly Reduces Net Profit#
Your strategy may be profitable on paper, but brokerage cuts into realized returns.
High-Frequency Traders Are Hit the Hardest#
Scalpers, option buyers, and intraday traders place multiple orders daily — brokerage compounds quickly.
Small Trades Become Expensive#
Buying multiple OTM option lots?
Each order attracts a separate brokerage charge.
It Influences Trading Behavior#
Many traders avoid adjusting positions or hedging — not because it’s wrong, but because brokerage makes it expensive.
The Industry Standard: Same Structure, Different Names#
Let’s be honest — most brokers follow almost identical brokerage models.
Traditional Brokerage Structure (Industry-Wide)#
| Parameter | How It Works |
|---|---|
| Charging Basis | Per order or per lot |
| Intraday | ₹20 or 0.03% per order |
| Options | Flat ₹20 per executed order |
| Futures | ₹20 or per-lot pricing |
| High Volume Benefit | ❌ No |
| Frequent Position Changes | ❌ Penalized |
This structure applies across major brokers like Zerodha, Fyers, and Dhan.
➡️ Trade more = Pay more, regardless of volume.
The Problem With Per-Order & Per-Lot Pricing#
Punishes Active Traders#
More trades don’t mean more risk — but they do mean more brokerage.
Discourages Smart Adjustments#
Rolling, hedging, or rebalancing becomes costly.
Not Aligned With Real Trading Behavior#
Modern traders:
- Scale in and out
- Trade multiple OTM strikes
- Adjust positions frequently
Yet the pricing model hasn’t evolved.
Nubra’s Approach: Volume-Based Brokerage Pricing#
At Nubra, we asked a simple question:
Why should traders be charged based on how many orders they place — instead of how much they trade?
The Answer: Volume-Based Brokerage#
Instead of charging per order or per lot, Nubra charges brokerage based on total traded volume.
How Volume-Based Brokerage Benefits Every Trader#
📈 Intraday Traders#
- Place multiple entries & exits throughout the day
- Scale positions freely without worrying about per-order costs
- No hesitation over taking “one more trade”
Why it matters: Volume-based brokerage keeps costs predictable even with frequent trades.
🧩 Options Traders#
- Buy multiple OTM strikes to structure strategies
- Adjust hedges and legs frequently
- Trade strategies — not brokerage limits
Edge: No per-order penalties when building or adjusting multi-leg positions.
⚡ Scalpers & Active Traders#
- High turnover with thin per-trade margins
- Lower effective brokerage per trade
- Execution remains strategy-first
Advantage: Costs scale with volume, not with the number of executions.
📊 Positional & Swing Traders#
- Enter, exit, and roll positions efficiently
- Rebalance without incurring unnecessary brokerage
- Fair pricing aligned with actual usage
Outcome: Pay for what you trade — not how many times you click.
Traditional vs Nubra Brokerage Model#
| Feature | Traditional Brokers | Nubra |
|---|---|---|
| Pricing Basis | Per order / per lot | Volume-based |
| Multiple Orders | More brokerage | No penalty |
| High Turnover | ❌ Expensive | ✅ Cost-efficient |
| OTM Option Buying | ❌ Costly | ✅ Flexible |
| Strategy Adjustments | ❌ Discouraged | ✅ Encouraged |
Final Thought: Brokerage Should Work With You, Not Against You#
Brokerage isn’t just a fee — it’s a long-term cost that impacts:
- Profitability
- Trading psychology
- Strategy execution
While most brokers still operate on outdated per-order pricing, Nubra is built for modern traders — traders who trade actively, intelligently, and frequently.
Trade more. Adjust freely. Pay fairly.
That’s the Nubra philosophy.