Low Brokerage And High Exposure
Last Updated: Nov -13-2019
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The most favorable scenario for active traders is “Low Brokerage and High Exposure”. Generally, frequent traders look for stockbrokers who offer low brokerage charges. This allows them to save money on commissions and spend them on trading. In this blog, we will understand the basics of low brokerage and high exposure and look at the various stockbrokers who offer the same deal.
Different stockbrokers offer different deals all of which have some pros and cons. With so many options available it is difficult to make the right choice of broker for efficient trading purposes. People who are looking for value in trading, generally tend to choose brokers who offer low brokerage and high exposure to fulfil their investment needs. It is difficult for any broker to offer both of these benefits.
Here are the top 10 stockbrokers of India who offer low brokerage and high exposure. This list comprises of full-service brokers as well as discount brokers. Below is the comparison of different stockbrokers according to different segments.
Equity Intraday – In the below table Wisdom Capital is offering high leverage of 40 times depending on the brokerage plan as compared to other brokers.
Stock Broker |
Equity Intraday |
|
|
Brokerage |
Leverage |
Wisdom Capital |
Rs. 9 per executed order |
Upto 40 times depending on the brokerage plan |
Trade Smart Online |
Rs. 15 per executed order or 0.07% (whichever is lower) |
Upto 30 times |
SAS Online |
Rs. 9 or 0.01% per executed order (whichever is lower) |
Upto 20 times |
Tradejini |
Rs 20 or 0.01% per executed trade |
Upto 20 times |
Upstox |
Rs 20 per order |
Upto 20 times |
Karvy Online |
0.03% |
Upto 20 times |
5Paisa |
Rs 10 Per executed order |
Upto 15 times |
Aditya Birla Money |
0.03% |
Upto 15 times |
Bonanza Online |
0.005% |
Upto 10 times |
Nirmal Bang |
0.02% |
Upto 10 times |
Equity Delivery – As per the table given below, most of the stockbrokers offer no leverage with some exceptions.
Stockbroker |
Equity Delivery |
|
|
Brokerage |
Leverage |
Wisdom Capital |
Rs. 9 per executed order |
Upto 40 times depending on the brokerage plan |
Trade Smart Online |
Rs. 15 per executed order or 0.07% (whichever is lower) |
NA |
SAS Online |
Rs. 9 or 0.01% per executed order (whichever is lower) |
Upto 20 times |
Tradejini |
Rs 20 or 0.01% per executed trade |
NA |
Upstox |
Rs 20 per order |
NA |
Karvy Online |
0.30% |
NA |
5Paisa |
Rs 10 Per executed order |
4 times |
Aditya Birla Money |
0.03% |
5 times |
Bonanza Online |
0.10% |
NA |
Nirmal Bang |
0.2% |
4 times |
Equity Futures – SAS Online and Wisdom Capital offer as good as 20 times the leverage as compared to other brokers who offer low leverage range around 2 to 5 times.
Stockbroker |
Equity Futures |
|
|
Brokerage |
Leverage |
Wisdom Capital |
Rs. 9 per executed order |
Upto 20 times depending on the brokerage plan |
Trade Smart Online |
Rs. 15 per executed order or 0.07% (whichever is lower) |
Upto 5 times |
SAS Online |
Rs. 9 or 0.01% per executed order (whichever is lower) |
Upto 20 times |
Tradejini |
Rs 20 or 0.01% per executed trade |
Upto 2.5 times |
Upstox |
Rs 20 per order |
Upto 4 times |
Karvy Online |
0.03% |
Upto 4 times |
5Paisa |
Rs 10 Per executed order |
Upto 2 times |
Aditya Birla Money |
0.03% |
Upto 3 times |
Bonanza Online |
0.005% |
Upto 3 times |
Nirmal Bang |
0.02% |
Upto 4 times |
Equity Options – Wisdom Capital goes as high as 40 times for equity options
Stockbroker |
Equity Options |
|
|
Brokerage |
Leverage |
Wisdom Capital |
Rs. 9 per executed order |
Upto 40 times depending on the brokerage plan |
Trade Smart Online |
Rs. 15 per executed order or 0.07% (whichever is lower) |
Upto 5 times |
SAS Online |
Rs. 9 or 0.01% per executed order (whichever is lower) |
Upto 20 times |
Tradejini |
Rs 20 or 0.01% per executed trade |
Upto 2.5 times |
Upstox |
Rs 20 per order |
Upto 4 times |
Karvy Online |
Rs. 30 per lot |
Upto 4 times |
5Paisa |
Rs 10 Per executed order |
Upto 2 times |
Aditya Birla Money |
Rs. 50 per lot |
NA |
Bonanza Online |
Rs 15 per lot |
Upto 2 times |
Nirmal Bang |
Rs 35 per lot |
Upto 4 times |
Currency Futures
Stockbroker |
Currency Futures |
|
|
Brokerage |
Leverage |
Wisdom Capital |
Rs. 9 per executed order |
Upto 15 times depending on the brokerage plan |
Trade Smart Online |
Rs. 15 per executed order or 0.07% (whichever is lower) |
Upto 3 times |
SAS Online |
Rs. 9 or 0.01% per executed order (whichever is lower) |
NA |
Tradejini |
Rs 20 or 0.01% per executed trade |
NA |
Upstox |
Rs 20 per order |
Upto 4 times |
Karvy Online |
0.03% |
NA |
5Paisa |
Rs 10 Per executed order |
Upto 2 times |
Aditya Birla Money |
0.03% |
NA |
Bonanza Online |
0.0025% |
Upto 2 times |
Nirmal Bang |
0.02% |
NA |
Currency Options
Stockbroker |
Currency Options |
|
|
Brokerage |
Leverage |
Wisdom Capital |
Rs. 9 per executed order |
Upto 15 times depending on the brokerage plan |
Trade Smart Online |
Rs. 15 per executed order or 0.07% (whichever is lower) |
Upto 3 times |
SAS Online |
Rs. 9 or 0.01% per executed order (whichever is lower) |
NA |
Tradejini |
Rs 20 or 0.01% per executed trade |
NA |
Upstox |
Rs 20 per order |
Upto 4 times |
Karvy Online |
Rs 30 per order |
NA |
5Paisa |
Rs 10 Per executed order |
Upto 2 times |
Aditya Birla Money |
Rs 20 per lot |
Upto 3 times |
Bonanza Online |
Rs. 5 per lot |
Upto 2 times |
Nirmal Bang |
Rs 20 per lot |
Upto 3 times |
Commodity – 5Paisa does not trade in commodity segment
Stockbroker |
Commodity |
|
|
Brokerage |
Leverage |
Wisdom Capital |
Rs. 9 per executed order |
Upto 20 times depending on the brokerage plan |
Trade Smart Online |
Rs. 15 per executed order or 0.07% (whichever is lower) |
Upto 5 times |
SAS Online |
Rs. 9 or 0.01% per executed order (whichever is lower) |
Upto 5 times |
Tradejini |
Rs 20 or 0.01% per executed trade |
Upto 3 times |
Upstox |
Rs 20 per order |
Upto 3 times |
Karvy Online |
0.03% |
Upto 4 times |
5Paisa |
NA |
NA |
Aditya Birla Money |
0.03% |
Upto 2 times |
Bonanza Online |
0.004% |
Upto 3 times |
Nirmal Bang |
0.01% |
Upto 3 times |
Based on the comparison of stockbrokers across different segments, we can conclude that out of 10, six of the stockbrokers offer low brokerage and high exposure which are preferred by active traders. Discount brokers are able to offer lucrative deals to their customers which makes then a likeable choice.
Although Investyogi has made the comparison to provide clarity to its readers, the final decision is still upto you. You can pick and choose the broker that best suits your trading requirements. Ensure that you pick the right stockbroker based on the services they provide such as trading tools and platform, customer service, research accuracy and so on