Best Brokers By Monthly Plans
Last Updated: Nov -14-2019
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With the advent of technology, trading has become faster, easier and convenient to perform. The Online Stock Trading is an inexpensive trading experience that consumers are opting for. The monthly trading plans also known as the unlimited trading plans, or fixed plans are trading options wherein by paying a certain monthly fees to brokers, you can do unlimited trading. Moreover, you need not worry about the size or volume of the trade.
Generally brokers charge the fixed plans by segments i.e. Equity[Intraday – Delivery – F&O], Commodity, and Currency. For example, Rs 2000 to trade unlimited in equity intraday, Rs 1800 to trade unlimited in commodity and Rs 1500 to trade unlimited in currency. However, the monthly trading charges vary from broker to broker.
Why Unlimited Trading Plan?
Investors tend to get attracted towards the fixed monthly or unlimited trading plan because:
- There is one-time payment for the month. This way the investor can be rest assured with the trading budget for the rest of the month.
- It is a low risk trading model
- Provides a large extent of flexibility and caters to the future trading plans of the investor.
- It reduces transaction charges as the investor has to pay GST on the amount that gets charged as brokerage. For example, if you opt for a Rs 999 plan, then your GST is applicable on Rs 999
Does unlimited trading account suitable for me?
You are the best judge to decide if unlimited trading plan is meant for you. Analyze your trading history and design your future trading plans. Check if you plan more than the fixed monthly plans. If you pay more, then you know what you should be doing. It is suitable for traders who:
- Perform multiple trading across segments – equity, currency, and commodity.
- Perform high volume trading, either manually or through algorithms
- Perform frequent trading in penny stocks
The unlimited trading plans is not offered by all brokers, hence the choice of brokers should be made wisely. List of Brokers offering Fixed Monthly Plans
||Monthly Plan||Equities & Derivatives||BSE, NSE, Rs 899|
|Monthly Plan||Currency Derivatives||BSE, NSE, Rs 499|
|Yearly Plan||Equities & Derivatives||BSE, NSE, Rs 8999|
|Yearly Plan||Currency Derivatives||BSE, NSE, Rs 4999|
||Equity Plan||Equities & Derivatives||MCX Rs 999|
|Commodity Plan||Commodity||NSE Rs 499|
|Currency Plan||Currency Derivatives||BSE, NSE, Rs 3999|
|Trade Smart Online||Infinity Plan||Equities & Derivatives||BSE, NSE, Rs 3999|
|Infinity Plan||Commodity||MCX Rs 3999|
|Infinity Plan||Currency Derivatives||NSE Rs 1999|
|Tradeplus||F&O Plan||Equities & Derivatives||BSE, NSE, Rs 799* (Futures) Rs 99* (Options)|
|Commodity Trading||Commodity||MCX Rs 99* (Futures) Rs 99* (Options)|
|Currency Trading||Currency Derivatives||NSE Rs 99* (Futures), Rs 99* (Options)|
|MyTradeValue||Monthly Plan||Equity Intraday, Delivery, F&O, Currency & Commodity||Rs 1000|
|Yearly Plan||Equity Intraday, Delivery, F&O, Currency & Commodity||Rs 10000|
Note: * Tradeplus offers multiple trading platform. Tradeplus charges additional software uses fee for equity trading @ Rs 499, commodity trading at MCX @ Rs 249 per month and call & trade @ Rs 1000 per month.
Are you getting ready to open a new online trading account? Maybe looking at transferring to a new brokerage company? If so, you should definitely take a look at the current stock broker promotional offers, discount codes, coupon codes, and other promo deals.
Investyogi.com also features exclusive offers available only through our site. Specials can include cash, free trades. Make sure you take advantage of these special deals as many are time sensitive and do expire.
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