Low Brokerage And High Exposure

Brokerage

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