How to Calculate Commission & Brokerage Fees

Do you know how much you pay everytime you buy a share from stock market?
There are 3 components:
1. Brokerage fees
2. Clearing Fees
3. Stamp Duty

Brokerage Fees
Retail trades valued above RM100,00 = 0.3% of contract value
Retail trades valued below RM100,00 = 0.6% of contract value
Online retail trades (online trades) = Up to 30% discount of min rate
Same day buy and sell trades = 0.15 of contract value
Minimum charge of RM40 per counter.

* I'm using Maybank Online Trading which charges 0.49% with RM12.00 minimum charge.
To avoid to loss out for the minimum charge, it's recommended to make each transaction minimally at RM2500.
X = (100/0.49)x12
= 2449

Clearing fee
Computed at 0.03% of the contract value. No Minimum fee here.

Stamp Duty
Calculated based on every RM1000 range, with maximum of RM200.
Contract Value - Stamp Duty
RM0-RM1000 = RM 1
RM1001 - RM2000 = RM 2
RM2001 - RM3000 = RM 3
RM100001 - RM200000 & above = RM 200

Example:
If you buy 50 lots (5000 units) shares of KNM at 0.70, how much do you have to pay in total?

Answer:
Total Commission & Fees
= Brokerage fee + Clearing fee + Stamp duty
= (RM0.70 x 5000 x 0.49%) + (RM0.70 x 5000 x 0.03%) + RM4
= RM17.15 + RM1.05 + RM4
=Rm 22.20
So, the total purchase price = RM3500 + RM22.20
= RM 3522.20