lowest brokerage charges in india 2020-2021

Define the Lowest Brokerage Charges in India

The lowest brokerage charges in India are the minimum charges that the trader pays when the total calculated brokerage is lower than the set amount. If the calculated brokerage is smaller than the minimum brokerage defined by the stock broker, the lowest brokerage charges fee is incurred.

SEBI [ Securities and Exchange Board of India] has set some regulations about the maximum brokerage charges that a stock broker can charge from the traders who trade in Indian stock exchanges. As per BSE and NSE, the maximum brokerage charges in India is 2.5 %, and no stock broker can charge above that. However, it doesn’t have any guidelines about the lowest brokerage charges in India.

Hence, every stock broker offers different brokerage pricing. Some stock brokers even offer zero as the lowest brokerage charges in India. A stock broker is the one that always makes a decent amount, no matter the markets are rising or falling. In recent years, the best discount broker in India has transformed the entire map of stock brokers for good. In fact, the lowest brokerage charges in India gave new dimensions to the trading business.

Nowadays, discount brokers charge fixed brokerage per trade irrespective of the trade volume, which helps you save a significant amount on your brokerage fee. You might not sense the pressure of paying brokerage to a full-service best stock broker in India for a single transaction. But if you see the aggregate amount you pay to the broker over several transactions, you will realize that you are paying hefty amounts. Hence, if you are frequent in trading, it would be best to choose a discount stock broker rather than a full-service one.

Top 5 Lowest Brokerage Charges in India – 2021 are offering by Discount stock brokers

Now that you know, what is the Best Demat Account in India? let’s have a look at the below-cited Top 5 stock brokers that provide the lowest brokerage charges in India:

1. Wisdom Capital

 

LOWEST BROKERAGE CHARGES IN INDIA | Wisdom Capital

Founded in 2013, Wisdom Capital is an online discount brokerage firm that offers the lowest brokerage charges in India for stocks, futures, options, currency, and commodities on NSE, BSE, MCX & NCDEX. Wisdom Capital offers broker-aided trade execution and automated online investments in both BSE and NSE.

They provide tools like live data, charting, etc., either free of cost or at a minimal fee for making sound decisions and large gains. It further provides valuable metal futures through any of its trading platforms and funding in these commodities without worrying about the safety of the precious metals.

An investor can trade in almost all metals, Agri/Non-Agri commodities flawlessly. It is an online discount brokerage company that offers the lowest brokerage charges in India for stocks, future and options, commodities on NSE, BSE, MCX, and NCDEX. It provides zero brokerage in all NSE, BSE, MCX segments along with free account opening charges.

  • Features of Wisdom Capital: 
    • Zero brokerage in Freedom Plan, 
    • Flexible brokerage plans as per customer’s preference, 
    • High exposure/margin in higher plans

Wisdom Capital has the following three different brokerage plans to offer to its customers:

  • Brokerage Charges:
    • Freedom
      • Zero brokerage in all segments.
      • Little or no margin, and hence, it might not suit active traders.
    • Pro
      • Designed for professional traders
      • For those who need higher intraday margins 
      • 0.005% of the trade as delivery brokerage
      • 0.005% of the trade as intraday brokerage
      • For the rest, the low brokerage charges in India is INR 9 per trade.
      • Offers an intraday margin of up to 40x MIS in NSE cash
    • Ultimate
      • Designed for high-frequency traders
      • 0.007% of the trade as delivery brokerage
      • 0.007% of the trade as intraday brokerage
      • For the rest, low brokerage charges in India is INR 15 per lot
      • Offers intraday margin of up to 60x MIS in NSE cash
    1.  
  • Trading & Demat Account Charges:
    • Account Opening: FREE
    • AMC: Lifetime INR 999+ Taxes
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  • Services offered
    • Wisdom Capital offers trading services in options, currency, commodities, future, and equities on NSE, BSE, MCX & NCDEX.
  • Trading Platforms
    • NEST, Bolt

2. RKSV Security

LOWEST BROKERAGE CHARGES IN INDIA | RKSV Security

 

RKSV securities or Upstox is a popular discount broker offering low brokerage charges in India to both stock & commodity investors. RKSV securities provide INR 20 per trade with 5 free monthly trades. They do not charge for ISB readers and are one of the fastest-growing discount stock brokers in India for the last 2 years. Moreover, it is the ultimate choice for traders looking for high margins (up to 20X), decent trading platforms, and the lowest brokerage charges in India.

You would only need to pay INR 20 to do trade intraday, F&O, commodities, and currencies irrespective of the trade volume. Currently, Upstox gives a 30 days zero brokerage offer on a new account opening. You will get a brokerage free trading freedom for the next 30 days without paying a single penny.

  • Brokerage Charges

There are two trading plans; namely the Basic plan and the Priority plan.

  • Equity Delivery:
    • INR 0 for both Basic & Priority
  • Equity Intraday:
    • Basic: Lower of INR 20 per executed order or 0.05%
    • Priority: Lower of INR 30 per executed order or 0.10%
  • Equity Futures:
    • Basic: Lower of INR 20 per executed order or 0.05%
    • Priority: Lower of INR 30 per executed order or 0.10%
  • Currency Futures:
    • Basic: Lower of INR 20 per executed order or 0.05%
    • Priority: Lower of INR 30 per executed order or 0.10%
  • Commodity Futures:
    • Basic: Lower of INR 20 per executed order or 0.05%
    • Priority: Lower of INR 30 per executed order or 0.10%
  • Equity Options:
    • Basic: INR 20/- executed order
    • Priority: INR 30/- executed order
  • Currency Options:
    • Basic: INR 20/- executed order
    • Priority: INR 30/- executed order
  • Commodity Options:
      1. Basic: INR 20/- executed order
      2. Priority: INR 30/- executed order
    1.  
  • Trading Platforms

Pro Web, NEST Trader Desktop, Pro Mobile App

3. Tradeplus Online

LOWEST BROKERAGE CHARGES IN INDIA | Tradeplus Online

 

It is the brokerage department of Navia Markets, a renowned full-service stock broker. Navia commenced its services in 1983 and became equity stock brokers with NSE in 1995. Tradeplus is an online broker that offers both discount & traditional broking. It has its headquarters in Chennai with more than 40,000 clients and got its DP with NSDL in 1997 and MCX service in 2009. It provides unlimited trading for a fixed monthly charge at NSE, BSE, and MCX. Despite being the discount brokers, they do not follow the pricing model of other popular stock brokers. Moreover, they also offer unlimited trading plans for a monthly fee of INR 99.

  • Account Opening Charges:
    • Demat Account Charges: zero
    • Trading Account: INR 199 + S.T.
    • Demat Account Charges for Maintenance: INR 900 for 10 years/
    • INR 500 for 5 years, plus S.T.
    • Trading AMC: Nil
  1.  
  • Brokerage Charges:
    • Equity Delivery: 0.1%
    • Equity Intraday: 0.01%
    • Equity Futures: 0.01% or INR 799 per month for Unlimited Trading
    • Equity Options: 0.01% or INR 99 per month for Unlimited Trading
    • Currency Futures: 0.01% or INR 99 per month for Unlimited Trading
    • Currency Options: 0.01% or INR 99 per month for Unlimited Trading
    • Commodity: 0.01% or INR 99 per month for Unlimited Trading
  1.  
  • Features
    • Offers SMP where customers can check the status of referral clients bonuses, subscribe to value packs, etc.
    • NEAT(trading platform) offers adaptability & flexibility across devices.
    • Numerous plans offering the lowest brokerage charges in India across diverse segments
    • Twitter-based customer support helps to resolve issues instantly.
    • Paytm integration for easy access
  1.  
  • Trading Platforms
    • Tradeplus mobile, Infini Trader, Tradeplus NOW, Tradeplus NEST

 

4. SAS Online

LOWEST BROKERAGE CHARGES IN INDIA | SAS Online

 

SAS Online began its operations in 1995 and is said to have had quick reach since then. The referral policy is the primary reason behind its huge network. It has also got NSDL Best Performer Award 2015-Rising DP’s for the best Demat service provider. Its membership with MCX commenced in October 2014. Like other discount brokers, SAS Online also offers the lowest brokerage charges Demat account in India since June 2015. It provides trading services for commodities, currency, options, future, and stocks at BSE, NSE, and MCX. It charges 0.07% or INR 9 per trade, whichever is least.

  • Features of SAS Online:
    • One of the lowest brokerage charges in India (INR 9/trade)
    • Fix-priced monthly unlimited plans
    • Availability of margin against shares
    • Offers free span margin and brokerage Calculators
  1.  
  • Brokerage Details:
    • Equity Delivery: 0.1%/INR 9 whichever is least
    • Equity Intraday: 0.01%/INR 9 whichever is least
    • Equity Futures: 0.01%/INR 9 whichever is least
    • Equity Options: INR 9 per executed order
    • Currency Futures: 0.01%/INR 9 whichever is least
    • Currency Options: INR 9 per executed order
    • Commodity Futures: 0.01%/INR 9 per trade whichever is lower
  1.  
  • Account Opening Charges
    • Trading Account opening charges: INR 200 (One time)
    • Demat Account Charges: INR 200
    • Trading Account AMC: NIL
    • Demat Account Charges for Maintenance: for the first year: 0, and from second year onwards: INR 300
  1.  
  • Trading Platforms
    • SAS Online Trader, SASOnline Web HTML 5, SAS Online Mobile App

5. Zerodha

LOWEST BROKERAGE CHARGES IN INDIA | Zerodha

Zerodha is another India’s flat fee stock broker for trading in the commodity, currency, and stock. The lowest brokerage charges in India are 0.01%/INR 20 per executed order, whichever is least. For delivery trade companies, they don’t charge any brokerage fees. Hence, for investors, this is the best stock broker as it does not incur any brokerage charges.

However, for traders, the lowest brokerage charges in India are INR 20/0.03% per executed order, whichever is least. With that, you can lock your upper end of brokerage. Transaction Charges for Intraday & Delivery Trades are INR 325 Per Cr, for Futures INR 190 Per Cr, for Options INR 5000 Per Cr, for Currency Futures INR 90 Per Cr, and Currency Options INR 3500 Per Cr on Premium. Zerodha Transaction charges were high when it was charging the PCM fee. Now, the transaction charges are standard as the company does not charge PCM fees.

  • Features of Zerodha
    • Free Equity Delivery
    • Max brokerage per trade is INR 20
    • User Friendly & Innovative Trading Platform
    • Customer Support & Immense Brand Value
    • Direct Mutual Fund Investment through same Demat account
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  • Brokerage charges
    • Free Equity delivery: zero brokerage
    • Intraday Equity and F&O trades: 0.03% or INR 20 (whichever is lower) per executed order
  1.  
  • Trading & Demat Account Charges:
    • Equity: INR 200
    • Commodity: INR 100
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So, if you open the lowest brokerage charges in India with Zerodha, the total Demat account charges will be INR 300. Moreover, the Demat account charges for maintenance will be INR 300.

  • Services Provided
    • Mutual Funds, Currency, Commodities, Equity
  • Trading Platforms
    • Coin, Kite Mobile, Console, Kite 3.0, Sentinel

Conclusion

While choosing a stock broker, look for the one that offers no hidden account fees, round-the-clock customer support, top-grade trading tools, low AMC, and lowest brokerage charges in India. Besides, before opening your account, always put your trading style & priority in preference of the brokerage company.

Nowadays, the discount stock brokers often start a new campaign every month to entice new customers by providing them with zero Demat account charges, brokerage cashback, and even referral clients bonuses. The fight amongst the stock brokers that offer the lowest brokerage charges in India is challenging them to innovate quicker and provide exceptional customer service so that investors can have better trading experiences.

 

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