What are Call and Trade Charges?

Call and trade charges are the charges that brokerage firms charge for phone transactions on behalf of their clients. These fees can be fixed or based on a percentage of the value of the transaction. Call and trade charges may vary from one brokerage firm to another broking firm or platform. Calling and trading is a feature that allows you to perform trading activities on your mobile phone when the internet is not available. Using this system, you can order products and trade in cash, IPOs, and derivatives segments. This blog covers all the aspects related to “what is call and trade charges” by covering concepts like how to use this facility, benefits, and more.

What are the Charges Levied?

Call and trade charges can be fixed or based on a percentage of the transaction value and can vary between brokerage firms.  

• The usual amount for call and trade charges ranges usually varies with different stockbrokers. 
• These charges also include the addition of GST taxes in the charged call and trade amount by the broker or brokerage firm. 
• In general, call and trade charges are levied after the execution of a trade is done.

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How to Use the Facility?

The following is how you may use the facility of call and trade charges. 

• Find your broker's toll-free number for call-trading services.
• Call the number during market hours.
• Then, you will be allotted a dealer.
• Provide your account information for verification.
• Clearly state the transaction you want to execute (e.g. buy and sell orders).
• Show stock, quantity, and any limits.
• Listen carefully to the dealer's confirmation of the trading details.
• If something is unclear, ask for clarification.
• Note the purchase details for your records.
• Check your online account later to see if the trade was done correctly. 

These steps help inventors to use call and trade services efficiently and safely.

Benefits of Using Call and Trade Facilities

The following is the breakdown of some benefits of call and trade facilities. 

• Saves Time: To use the call and trade facility, all you want is a phone to make a call for trading purposes. This saves a lot of time and makes the procedure of call and trade easy. 
• Secure: The facility of call and trade is quite safe. It makes use of more than one-layered verification systems. This reduces the chances of fraud while trading. 
• Convenience: The call and trade facility allows the investor to trade on the spot without worrying about the internet connection. It is offered from any location that has a decent network for calling. This makes it an independent and convenient method of trading. 
• Less Paperwork: Usually, when the order is placed via a broker, one is asked to fill out plenty of paperwork. This is especially beneficial for IPOs and derivatives. This might be lessened or almost avoided via the call and trade facility.
• No Limits: There is no limit on placing the order through a call and trade facility. One may place as many orders as they like via one call. One may additionally have access to all kinds of marketplace segments, such as shares, mutual finances, IPOs, derivatives, and many others. 
• Quick Execution: The orders may be finished promptly with the help of a call and trade facility. This will become important in some situations, particularly when trading in derivatives, where well-timed trades are essential.  
• Follow-ups: Apart from using the call & trade facility for placing orders, one may also use it to receive live quotes and track orders. Your call and trade dealer will tell you of the status of the order.

What are Auto-square-off Charges?

If you place an order for intraday trading and do not close open positions within the allotted time, the order is considered to be auto-square off.  

• The charge varies by broker but is typically around ₹50. With this, GST is also included per position. 
• To avoid auto-square-off charges, one may plan to square off one position before the square-off time. 
• However, square-off times may change, so one needs to check the latest information from your broker's website. 

Conclusion
Call trading services provide an easy way to participate in the stock market, especially when you cannot access the Internet. This phone-based system allows investors to place orders, receive live quotes, and manage their investments with just one call. The call and trade charges differ from broker to broker; however, they usually differ with different brokers in India. The benefits of call and trade include time savings, security, and the ability to trade from anywhere with a phone. Nowadays, a reliable stock market app can work well when it comes to practice trading. However, the call and trade services provide a valuable alternative to digital platforms, which ensures that everyone can participate in the financial markets.