7 Brokers who offer lowest brokerage charges in India 2017

Lowest brokerage charge has always been a hot topic, especially for new stock market investors. Today, I’m going to provide you the list of the brokers who charge lowest brokerage charges in India. Before that, I would like to tell you, brokerage charges of your Demat account are not everything and low or high brokerage charges do not indicate the quality of the brokers.

Along with the brokerage charges, you should also look at the quality and service the brokers are offering.

Let’s start with the brokerage firms who offer lowest brokerage charges:

1) SAS Online:

SAS online is a Delhi-based brokerage firm. As the name suggests, it is an online broker.

Brokerage charges:

Intraday: 0.01% or Rs. 9 whichever is lower

Delivery: 0.1% or Rs. 9 whichever is lower

Options: Rs. 9 per lot

Monthly plan: Unlimited trading for Rs. 999 per month

Note: If you don’t know what is intraday and delivery, then watch this video.

2) Trade Smart Online:

TSO offers three different brokerage plans

a) Value Plan:

Brokerage charges:

Intraday: 0.007%

Delivery: 0.07%

Options: Rs. 7 per lot

This plan is ideal for those traders and investors who trade with low volume.

b) Power Plan:

Brokerage charges:

Intraday: Rs. 15 per executed order

Delivery Rs. 15 per executed order

Options: Rs. 15 per lot

This plan is ideal for traders and investors who trade with bigger volume

c. Infinity Plan:

Brokerage Charges:

Unlimited free trading for Rs. 3999 per month

This plan is perfect for the traders who trade with high volume regularly.

 

3) My Value Trade:

My Value Trade charges a flat brokerage of Rs. 10 across all segments.

Brokerage charges:

Intraday: Rs. 10 per order

Delivery: Rs. 10 per order

Options: Rs. 10 per lot

They also offer two unlimited plans:

  1. Unlimited trading across all segments for Rs. 1000 per month
  2. Unlimited trading across all segments for Rs. 10,000 per year

 

4) 5 Paisa:

5 Paisa’s brokerage pattern is similar to that of My Value Trade. 5 Paisa charges a flat brokerage of Rs. 10 across all segments.

Brokerage charges:

Intraday: Rs. 10 per order

Delivery: Rs. 10 per order

Options: Rs. 10 per lot

 

5) Trade Plus Online:

Trade Plus Online is famous for their unlimited packages. If you trade with heavy turnover in the derivatives market that is F&O (future and option), then Trade Plus Online have good offers for you.

Brokerage charges:

Intraday: 0.01%

Delivery: 0.1%

Futures: Unlimited free futures trading for Rs. 799 per month

Options: Unlimited free options trading for Rs. 99 per month

In the unlimited plans, they do not directly waive the brokerage charges. Instead, they refund you the brokerage charges.

 

6) Zerodha:

Zerodha is Bangalore based brokerage firm. Started its operation in 2010, Zerodha is the oldest discount broker in India. It is also the largest discount broker in India. Zerodha is famous for zero brokerage charges on delivery.

Brokerage charges:

Intraday: 0.01% or Rs. 20 whichever is low

Delivery: Nil

Options: Rs. 20 per lot

 

7) Fyers Securities:

Fyers securities is also a Bangalore-based brokerage firm started by two young entrepreneurs.

Brokerage charges:

Intraday: 0.01% or Rs. 100 whichever is lower

Delivery: 0.1% or Rs. 100 whichever is lower

Options: Rs. 10 per lot

All the brokers listed above are discount brokers; you can also call them “Online brokers”.

In case you don’t know what the discount broker is, here’s is how Google defines it:

Other important points about discount brokers that I would like to share:

  1. Discount brokers have very few offices, usually 1 to 4.
  2. They do not provide any personalize service like relationship manager, stock tips, research reports, etc.
  3. Most of the discount brokers charge you when you call them to buy or sell shares. You need to purchase and sell the shares through your broker’s App or Software.
  4. When you open a Demat account with discount brokers, it is assumed that you don’t need any assistance.
  5. Most of the discount brokers do not offer IPO (Initial Public Offering) services.

On the other hand, full-service brokers provide the personalize services and have offices all across India. But, they charge higher brokerage fees compared to discount brokers.

Important points about full-service brokers:

  1. They have offices across pan India
  2. Full-service brokers provide personalize services like relationship manager, stock tips, and research reports.
  3. Call and trade service is free. You can call your broker to buy or sell the shares, and they do not charge any fee for this service.
  4. Full services brokers provide IPO services.

Now you know the brokerage firms who offer cheapest brokerage rates in the industry.

If I ask you, which broker suits you the best?

What would be your answer?

Maybe I don’t know.

You don’t have to go only after the brokerage charges of the broker. Look out for the services that the broker is offering or the services at which the broker is good.

Many brokers charge similar brokerage charges but offer different services and have different pros and cons.

So, you should know what are your requirements and accordingly you should go for the broker whose services and features are matching up with your requirements.

Hence, you must compare the brokerage firms before opening the Demat account.

Here, you will get all the information about the brokers.

If you need the detailed information about any brokerage firm then contact us, we will explain you all the required details.

Here you will get all the information about the brokers.

There are some more charges involved in the trading other than brokerage fees and annual maintenance charges, such as:

  1. STT (Securities Transaction Tax)
  2. Stamp duty
  3. Service Tax
  4. Transaction Charges
  5. SEBI turnover charge
  6. DP charges

We have covered all these charges in this video. You must watch this video to know more about these charges:



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