Now a days, there are many stock brokers active in India. But how to deal with the chaos of selecting the right one, must be prevailing as a cloud thought in your mind. This is quite normal as when you are heading towards the voyage of trade, it’s good to take enough time to analyze things carefully. So that, you would not face any trouble in your future endeavour.
Currently, Zero Brokerage in India is a popular concept, where stock brokers offer minimal brokerage charge and allure traders to link with them to proceed further in their trade activities. Once the way is paved and if the selection of best broker in India is not contemplated properly, then exit will take time and you might have to suffer a loss.
Now the simple question emerges, why any service provider will support the brokerage plan. The brokers do not offer the scheme without any conditions. They find the traders who have high volume and love to trade in many lots. So that they can get the brokerage amount according to their expectation. In some cases, if the client is ready to pay the brokerage in advance or in the form of cheque, they also offer minimum brokerage schemes and other plans.
As we know, Zerodha is a trend setter among the discount brokers in India with minimal brokerage charges. It has really reduced the high brokerage rate to a certain extent. But currently there are some discount brokers who are ahead of Zerodha in this context. As they have commenced the Zero brokerage plan in India. These brokers justify the concept of nil charge for any trade segment in a true sense. Wisdom Capital is also one of the leading discount brokers in India pursuing the zero brokerage plan. You can rely on such brokers to have experience of high gain and less spending in your trade.
Surprisingly, there are many stock brokers claiming to offer zero brokerage plan in India, some of them are mentioned below:
It is the stock broker which offers zero brokerage plan and justifies it properly. Wisdom Capital, besides providing Zero Brokerage plan in India, offers freedom, pro and ultimate plans to give you a better experience of trading. Once you have subscribed with it, you can enjoy unlimited trading in various segments of the market.
Trading only: Free
Demat and Trading: Lifetime Demat maintenance Charges : 700/-
AMC charge: Rs 200/Year
DP Transaction Charge: Rs 14/Debit Transaction
|Plans||Freedom Plan||Pro Plan||Ultimate Plan|
|Brokerage in FNO (NSE/MCX)||ZERO (0%)||9/Trade||Future: 0.005 (NSE/MCX), Options : Rs.15/Lot|
|Brokerage in Cash||ZERO (0%)||0.005% Intraday||0.005% Intraday|
|0.05% Delivery||0.05% Delivery|
Zerodha is also quite popular broker in its highly advanced trading platforms. But in case of brokerage and some upfront charges, it charges on the basis of per executed order on monthly,yearly and lifetime basis.
Account Opening and other Charges:
Trading only: Rs 300 if couriered & Rs 200 if you print the form
Demat and Trading: Rs 200 if couriered & Rs 100 if you print the form
AMC charge: Trading: 0, Demat: Rs 300/year
DP Transaction Charge: Rs 14 per debit instruction
|Account Opening||Rs 200|
|Brokerage Rate||Rs 20|
|Brokerage intraday cash||Rs 20|
|Brokerage Delivery cash||Free|
|Brokerage intraday FNO||Rs 20/Trade|
Upstox is also known as RKSV. Being incorporated in the year 2008, it has made its base strong by serving traders in different market segments in India. Exchanges enabled with Upstox are NSE, BSE & MCX. Its demat is registered with NSDL- Partnership with ILFS. It’s trading platform Upstox Pro is available in web, mobile and desktop versions. It charges Flat Rs 20 per trade across Equity Intraday, Future, Option, Currency, and Commodity.
Trading only: Zero
Demat and Trading: Zero
AMC charge: Nil.
DP Transaction Charge: Rs 15.50 per debit instruction
|Equity||Upto 20 times for intraday, 0 for delivery|
|Equity Futures||Upto 4 times for intraday|
|Equity Options||Buying no leverage, shorting upto 4 times for intraday|
|Currency Futures||Upto 4 times for intraday|
|Currency Options||Buying no leverage, shorting upto 4 times for intraday|
|Commodity||Upto 3 times for intraday|
It was established in the year 1995, SAS Online is an discount brokerage firm in India offering brokerage services for stocks, future, options, currency and commodities at NSE, BSE and MCX exchanges.
SAS Online (South Asian Stocks Ltd) started their online brokerage business in April 2013 and at present they have more than 6000 clients spread across 570+ cities of India. As of April 2015, they have daily average turnover of Rs 3500 plus Cr, which is 1% of the total Indian market turnover.
Trading only: Rs 300 for couriered & Rs 200 if printed
Demat and Trading: Rs 600 for couriered & Rs 500 if printed
AMC charge: 0
DP Transaction Charge: Rs 15/Debit Transaction
|Equity||Upto 20 times for Intraday & 0 for Delivery|
|Equity Futures||Upto 5 times above Span|
|Equity Options||Buying 0 & Shorting upto 2 times|
|Currency Futures||Upto 2 times for Intraday|
|Currency Options||Buying 0 & Shorting upto 2 times|
|Commodity||Upto 5 times on Span|
5paisa is located in Mumbai, India with the role of discount stock broker. 5paisa is the India Infoline (IIFL) subsdiary, It is one of the India’s leading financial services companies. 5paisa was revoked with new brokerage model for retail broking services in 2016. Mobile Trading app offers trading at BSE/NSE and Robo
Trading only: NA
Demat and Trading: Rs.750/-
AMC charge: Rs.400/-
DP Transaction Charge: Rs.25/-
|Equity||10 Rs Per executed order|
|Equity Options||10 Rs Per executed order|
|Equity Futures||10 Rs Per executed order|
|Currency Options||10 Rs Per executed order|
|Currency Futures||10 Rs Per executed order|
Year of Incorporation: 1983 as Navia Markets Ltd.
Exchanges enabled: NSE, BSE, MCX
They started as commodity brokers with MCX in 2009 and then after few months moved forward on the path as a equity broker in the year 2010.
Trading only: NIL
Demat and Trading: Account opening fee : NIL, DP AMC Rs.900/- for 10 years OR Rs. 500 for 5 years
AMC charge: Trading 0, Demat Rs. 900 for 10 years and 500 for 5 years
DP Transaction Charge: For POA holder – Max of Rs. 15 or 0.02% of turnover. For NON POA holder – Max of Rs. 20 or 0.02% of turnover.
|Equity||30 X on NIFTY 50 Stocks|
|Equity Futures||SPAN/4 on Indices and NIFTY 50 stocks|
|Equity Options||2 times on selling|
|Currency Futures||2 times intraday|
|Currency Options||No leverage|
Trade Smart Online is a discount broking arm of VNS Finance. It came in to existence in the year 1994 as VNS Finance & Capital. It has client base of more than 1500 and turnover of Rs 2500 crore. It allows trading across various market segments such as equity, commodity, F&O, Currency. It’s trading platform is available in desktop, mobile and web versions where its mobile app is named as SINE.
Trading only: Rs 400
Demat and Trading: Rs 400
AMC charge: Rs 300/yr
DP Transaction Charge: Rs 15/debit instructiong
|Equity Futures||Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover|
|Currency Options||Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover|
|Currency Futures||Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover|
It was founded in the year 2015, Exchange enabled with Fyers is NSE. Its demat is registered with NSDL- Partnership with ILFS. Fyers is extended as Focus Your Energy and Reform the Self. One needs to open a Demat and Trading account, and can go in the offline or online trades as per the requirement.
Trading only: NA
Demat and Trading: NA
AMC charge: Rs. 400
DP Transaction Charge: Rs. 25
|Equity||Rs 20 per executed order|
|Equity Options||Rs 20 per executed order|
|Equity Futures||Rs 20 per executed order|
|Currency Options||Rs 20 per executed order|
|Currency Futures||Rs 20 per executed order|
|Commodity||Rs 20 per executed order|
It was founded in the year 2012, Exchanges enabled are NSE, BSE, MCX and demat is registered with CDSL. This firm has had a very few complaints recorded throughout its reign in the Trading field. In the financial year of 2013-14, Tradejini had near about 1000 clients from there they have few complaints only. With Tradejini, you can open a Demat account for a fee of Rs.300. There is no worry regarding the safety of shares, as they are registered with the NDSL or the CDSL which are fully Government owned organizations.
Trading only: Rs 300
Demat and Trading: Rs 600
AMC charge: Rs 300/year
DP Transaction Charge: Rs 15/Debit Transaction
|Equity||Rs 20 per executed order 0r 0.01%/0.1% for intraday/delivery whichever is lower|
|Equity Futures||Rs 20 per executed order 0r 0.01% whichever is lower|
|Equity Options||Rs 20 per executed order 0r 0.01% whichever is lower|
|Currency Futures||Rs 20 per executed order 0r 0.01% whichever is lower|
|Currency Options||Rs 20 per executed order 0r 0.01% whichever is lower|
|Commodity||Rs 20 per executed order 0r 0.01% whichever is lower|
It was founded in the year 2008, exchanges enabled with SAMCO are NSE, BSE, MCX etc. Its demat is registered with CDSL.
SAMCO is the online discount brokerage firm which was evoked by SAMCO Securities. The company has good grip in the capital market as a full service Broker. SAMCO offers trading across all popular stocks and commodity exchanges in India including NSE, BSE, MCX-SX, MCX and NCDEX. Their brokerage charges are completely in line with major discount brokers in India. It is Rs 20 per executed order, whichever is lower, for intra-day, F&O, For equity Delivery, currency and commodity trading.
|Equity||Rs 20/executed order or 0.02%(intraday) or 0.2%(delivery) whichever is lower|
|Equity Options||Rs 20/executed order or 0.02% whichever is lower|
|Equity Futures||Rs 20/executed order or 0.02% whichever is lower|
|Currency Options||Rs 20/executed order or 0.02% whichever is lower|
|Currency Futures||Rs 20/executed order or 0.02% whichever is lower|
|Commodity||Rs 20/executed order or 0.02% whichever is lower|