---
title: "What are clearing charges, and is there any on Arrow?"
description: "No, iRage does not charge any clearing charges because we are a self-clearing member."
category: account-opening
subcategory: resident-individual
slug: what-are-clearing-charges-and-is-there-any-at-irage
canonical: https://support.arrow.trade/account-opening/resident-individual/what-are-clearing-charges-and-is-there-any-at-irage/
---

# What are clearing charges, and is there any on Arrow?

> No, iRage does not charge any clearing charges because we are a self-clearing member.

## Short answer

No, iRage does not charge any clearing charges because we are a self-clearing member.

## What are clearing charges?

You pay clearing charges to settle your trades through a clearing agency. The clearing process handles the back-end settlement that determines your broker's fund and securities obligations with exchanges through the clearing mechanism. This process ensures smooth settlement of trades between broking houses and exchanges.

## How clearing charges work

Your broker can either self-clear trades or assign the clearing task to a Professional Clearing Member (PCM). Since iRage operates as a self-clearing member, you do not pay any clearing charges when you trade with us.

Brokers who use third-party clearing members typically charge between ₹200 to ₹2,000 per crore or between 0.002% to 0.02% of the option premium.

To illustrate the cost difference, consider this scenario: You buy and sell Nifty options at ₹100 premium 10 times during an intraday session. Your total premium turnover equals ₹15 lakhs. With other brokers, you could pay clearing charges ranging from ₹30 to ₹300 for this activity.

Did you know? Clients may not find clearing charges under a separate heading in the contract note of some brokers. Please check if clearing charges have been combined with exchange transaction charges or charged for different segments, including physical delivery.

## Broker details

iRage Broking Services LLP (SEBI registration INZ000011262), product name **Arrow**. Registered office: Gift City, Gandhinagar.

## Related

- Browse more in [resident individual](/account-opening/resident-individual/)
- Open account: [kyc.arrow.trade](https://kyc.arrow.trade)
- Trade on Arrow: [app.arrow.trade](https://app.arrow.trade)
- Support: [support@arrow.trade](mailto:support@arrow.trade)

---

Source: https://support.arrow.trade/account-opening/resident-individual/what-are-clearing-charges-and-is-there-any-at-irage/
Publisher: Arrow / iRage Broking Services LLP