Definition
Brokerage is the fee or commission that a broker charges for helping you buy or sell stocks or other financial assets. It is the cost you pay for using a broker’s services.
Example
For example, if you buy shares worth 10,000 and your broker charges 1% brokerage, you will pay 100 as brokerage fee for that transaction.
Caution
Brokerage charges can reduce your overall profit, especially if you trade frequently. Investors should compare the charges of different brokers and understand all fees before trading.