low brokerage and high exposure Stock Broker in India- 2023

Low brokerage stockbroker offers to trade either at zero brokerage or the lowest brokerage possible. Most stockbrokers have brokerage charges on a percentage basis. While some stockbrokers have at a discounted rate, and some have zero brokerage charges. Being a trader, it would be best if you choose the last option, i.e., zero brokerage without compromising on the service quality. Hence, if you are willing to trade at low-costs with quality services, it would be best to choose Wisdom Capital.

When it comes to low or zero brokerage, no other stockbroker is better than Wisdom Capital. You can trade with them without paying any brokerage. Their trading segments include equity, commodity, futures, options, and currency, and all of them have zero brokerage. Other stockbrokers who guarantee to provide zero or low brokerage to their customers are only for delivery trades which nearly every discount stock broker offers.

However, Wisdom Capital is the only one whose brokerage is zero in both intraday & delivery trading. While looking for a stockbroker, a low brokerage is the primary concern of almost every investor or trader, and consider this aspect before opting for their trading services.

Several stockbrokers in India offer trading at very low rates. However, the question is not only about the cheapest stock broker in India, but you should also consider the other critical factors, such as prompt customer service, innovation, how secure, fast, & reliable is the trading platform, etc.

While opening a trading account with any of the stockbrokers, it would be great if you look at their hidden costs. It is an essential point to consider because there may be low brokerage charges, but other fees might impact your profits.

Wisdom Capital is not only the cheapest stock broker in India that offers low brokerage but also provides other crucial services that are a must for investors or traders.

1. • Fast & secure trading platform: NOW
   • Quick Resolution through 24*7 customer service
   • Zero Brokerage
   • Free Trading & Demat Account
   • Zero Maintenance Charges for Trading Account

Lastly, it is suggested to include the factors mentioned above and then start looking for a stockbroker who would indeed help you yield significant profits.

A discount stockbroker is a brokerage company that offers discount trading rates to traders/investors. The stockbrokers operate at discounted commissions to assist their customers. Discount stock brokers, either individuals or companies, buy and sell orders for their customers. However, they do not offer specific research data, advice, or other services. Hence, the primary clients of a discount stock broker are the investors who can manage their investments on their own. Leverage or margins help you trade in much higher positions than your money. However, it would be great if you maintain some specific capital to enjoy the leverage that varies with financial instruments, stockbrokers, etc.

Below is the list of Top 5 Discount Brokers who Give Maximum Leverage:

1. Wisdom Capital: They are a depository participant of NSDL & CDSL and offer products like:
   1. Equity Spot
   2. Equity, Futures, and Options
   3. Currency, Futures, and Options
   4. Commodity, Futures, and Options
2. Trading Bells: They are depository participant of NSDL and offer products like:
   1. Equity Spot
   2. Equity, Futures, and Options
   3. Currency, Futures, and Options
   4. Commodity, Futures, and Options
3. My Value Trade: They are depository participant of NSDL and offer products like:
   1. Equity Spot
   2. Equity, Futures, and Options
   3. Currency, Futures, and Options
   4. Commodity, Futures, and Options
   5. Bonds
4. Zerodha: They are a depository participant of CDSL and offer products like :
   1. Equity Spot
   2. Equity, Futures, and Options
   3. Currency, Futures, and Options
   4. Commodity, Futures, and Options
   5. Mutual Funds
   6. Bonds
5. Tradejini: They are a depository participant of CDSL and offer products like:
   1. Equity Spot
   2. Equity, Futures, and Options
   3. Currency, Futures, and Options
   4. Commodity, Futures, and Options
   5. Mutual Funds
   6. Bonds

Futures are financial derivative agreements that enable the individuals to transact at a pre-decided future time & price. The buyer must buy, or the seller must sell the financial asset at the set price, irrespective of the present market cost at the date of expiry.

Financial assets include different financial instruments or physical commodities. Futures detail the quantity of the financial asset and are regulated to promote trading on a futures exchange. Kindly note that they can be used for speculative trading as well.

Things to look for in a platform for futures trading:

• • Margins/Commissions: One of the most crucial considerations while selecting a futures stockbroker is how their margins & transaction fees will impact you, i.e., high or low margins.
  • Speed of Execution: For achieving profits in futures trading, investors should look for stockbrokers that guarantee rapid execution speeds.
  • Research/Trading Tools: The trading platform that a stockbroker offers should provide both novice and professional traders the tools they require for successful trade execution.
  • Easy to Use: While you are looking for a futures trading stockbroker, it would be great to go for the one that offers a user-friendly interface to help you reduce bugs.
  • Customer Service: Lastly, it would be great to ensure that your stockbroker offers excellent customer service, including live chat, phone, and email support.

Wisdom Capital is an ideal stockbroker with zero brokerage charges for futures in their Freedom Plan, INR 9 brokerage in their Pro Plan, and 0.005% brokerage in their Ultimate Plan. Besides, the trading account opening and Demat maintenance charges are zero.

Intraday trading involves buying/selling shares within the same day of trading. In this, shares are bought to achieve significant gains, and not for investment purposes. This is done by controlling the stock indices movement. Therefore, stock price fluctuations are controlled to achieve profits from stock trading.

An online trading account is required for intraday trading services. While doing intraday trading, you are required to mention that the orders are intraday specific. Kindly note that if the orders are shut before the trading day ends, it is also known as Intraday Trading.

Things to remember while doing Intraday Trading:

1. • Intraday trading is done best when you can predict the market momentum & direction.
   • It is all about securing capital in which you first focus on how much loss you are willing to take on a per-trade basis. Once you can secure your capital from exhausting beyond a point, it will automatically yield intraday profits.
   • Intraday trading should not be done without stop losses, which are required in most trading segments but in intraday trading, it is extremely needed.
   • On the other front, it is also crucial to yield profits. Let your profit aims be at least 2times of your stop losses. For instance, a trade-off of 2:1 or 3:1 can generate some gains, but 1:1 can not.

Wisdom Capital is one of the highest intraday margin brokers in India with zero brokerage in their Freedom Plan, and 0.005% in their Pro & Ultimate Plans per executed order. Besides, the trading account opening and Demat maintenance charges are zero.

In delivery trading, a trader/investor is not required to buy or sell stocks on the same day and can hold the stocks for a longer period as per his/her will. The duration for holding the stocks can range between 2 days to even 20 years or more.

Advantages of delivery trading

• • You can hold stocks for long-duration

If you have a belief in the business and fundamentals of an organization and want it to perform well, you can get the advantage by keeping yourself invested in the shares. Moreover, if due to any reason your share didn’t perform well in the short-duration, you don’t need to suffer any loss if you believe that it can perform well in the long-duration.

• • Safer Transactions than Intraday Trading

There are relatively fewer risks involved in delivery transactions than intraday, where the gains and losses are incurred the same day.

Wisdom Capital is an ideal stock broker in India with zero brokerage charges for delivery trading in their Freedom Plan, and 0.05% brokerage in their Pro & Ultimate Plans per executed order. Besides, the trading account opening and Demat maintenance charges are zero.

An option is a contract that enables you to buy/sell stocks, ETFs, or other assets. Each option includes a pre-decided cost and date of expiry that defines for how long that cost is valid. Rather than directly purchasing the security, options allow to buy/sell stocks or to sell them to another trader.

Options trading is when you buy or sell options. Just like you trade bonds or shares by buying or selling them, you can trade options, too. The difference is that purchasing options don't provide you with any company ownership as you don't buy any shares of that company.

In options trading, there is more investment flexibility since they include commodities, indexes, and ETFs, besides the bonds & stocks. Prices will fluctuate, and you can predict if they will hike or go down just like you try to predict share prices. Post this, you buy or sell your options to boost your gains or reduce your loss risk.

Wisdom Capital is an ideal stock broker in India with zero brokerage charges for options in their Freedom Plan, INR 9 in their Pro Plan, and INR 15 in their Ultimate Plan per executed order. Besides, the trading account opening and Demat maintenance charges are zero.

All the discussions regarding the lowest brokerage charge and companies claiming to offer the cheapest brokerage rate form a curiosity of how brokerage rate is calculated. Most people often leave the brokerage calculation on the broker and don’t care about the steps that involve the brokerage calculation but it is wise to know the calculation steps for brokerage charge and follow these carefully. 

The step can be understood by a simple example of an intraday trade where the brokerage rate is 0.05%. In this case, when you make a trade of Rs. 100 for buying and selling then the brokerage you pay is o.05 by the rate of 0.05%. Now, it is important to know that the brokerage rate is often deducted separately for the selling and buying of stocks. So it will be 0.05 for selling and then 0.05 for buying, 

therefore, the total brokerage rate goes to Rs. 0.10 for both buying and selling of Rs. 100 stock. Since, the profit margin is very important for all kinds of trading, brokerage calculation for each trade is important. 

• For intraday trading - If the brokerage is 0.05% then, the market value of 1 stock * number of stocks* 0.05%
• Similarly for delivery trading - if the brokerage charge is 0.50%, the market value of 1 stock * number of stocks * 0.50%

The brokerage rate percentage is multiplied by the final trade value which you earn and this is important because in case the trade value is big the brokerage cost is not much and the profit is reasonable but if the trade value is of low cost and the brokerage rate is high ( in case of full-service ) then the profit margin is much lower and in some cases, there is no profit at all. 

This is the reason why most people with less investment tend to choose discount brokers instead of a full-service broker. Also, knowing how to calculate the brokerage rate is always useful as it increases the transparency between the broker and the customer and reduces risk factors. 

Brokerage charges are the rate of commission that is paid to the broker in return for services that the broker provides in terms of buying and selling of stocks. Be it a full-service broker or a discount broker, the brokerage charge is the fees that are paid for the help that the broker offers. Some full-service brokers even make the trades for the customers considering the market rate and at the highest probability of profit. 

Thus, in exchange for this valuable service, brokers demand a certain brokerage rate which is generally in some percentage of the total trade value. Along with the brokerage rate, there are some other charges also involved in the share market like STT, service tax, and stamp duty. 

But among these, the brokerage charge is the highest and can influence the profit ratio. One of the most important facts about brokerage charges is that in most firms brokerage is paid for buying and selling stocks and not just one time. 

Some of the useful advice for the brokerage is to always recheck the final brokerage rate which the broker demands and make sure that the offer matches the charge which you agreed upon in the first place. Brokerage which is implemented at periodic intervals must be kept in check to avoid any unnecessary loss. The AMC Charges are often deducted either annually or monthly and this option should be inquired to fit with your budget.

Futures trading and Option trading are the most popular trading in the share market. For any investor in shared her business, it is highly important to compare and research the brokerage charges for both the Future and Options trading because for each of these the profit margin is thin.

Therefore, there are certain points which should be considered at all times like software. High-quality performance software is always beneficial along with tools that can chart your strategy. Next important point is to have the lowest brokerage charge in Futures and Options to minimize the loss ratio.

Some of the brokerage firms in India with the best brokerage charges in Futures and Options are:

• Zerodha -

The brokerage charge for Futures is 0.03% per order and the same for Options is flat Rs. 20 per order. The STT and CTT for equity futures are 0.015 on the sell-side while that for equity options is 0.05% on premiums. The transaction charges for futures is 0.0019% and that for options is 0.05%. At last, GST on equity future and equity option is 18% of the brokerage and transaction fee.

• Wisdom Capital - 

Charges of the brokerage in terms of Futures and Options trading are minimal by Wisdom Capital. The future trading fee is 0.005%  while that for Options is Rs. 15 per trade.

• Angel Broking - 

The brokerage fee for futures trading is from 0.01% - 0.05% on the traded volume while the brokerage fee for options trading ranges from Rs. Rs. 30 - Rs. 50 per lot. The Nifty Future and other Futures Intraday exposure are 3 times. Angel broking is one of the best full-service brokers with low brokerage options. The company has 200 offices for customer support and various mobile app services. 

• Motilal Oswal - 

Again one of the traditional brokers comes under the top brokerage rate for futures and options. The company is known to have one of the best research teams which are essential to gain profit in Futures and Options. The brokerage charge for Options trading is Rs. 30 - 100 for each lot while the brokerage fee for Future trading is 01% 0 0.04% per lot. Other facilities by the firm are in margin funding, smartwatch, and web app.