Lowest brokerage for intraday trading
Last Updated: Nov -19-2019
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In recent years,Indian Financial markets especially brokerage industry has seen major changes. New stock brokers are coming with good technology and cheap brokerage plans for masses. When we talk about low brokerage charges, immediately what comes to our mind is a Discount broker, a new breed of stock brokers.
Discount brokers charge a fixed amount, for example. Rs 15 or Rs 20 per trade irrespective of the size of the trade. The trader thus pays only a fixed price brokerage for every trade he/she does. This comes in quite handy for traders who trade multiple times a day.
In this article, before we walk you through the list of brokers who are offering lowest brokerage for intraday trading, let us first understand what intraday trading is.
What is Intraday trading?
Buying and selling securities within the same day is known as intraday trading or day trading. In intraday trading all positions get squared off before the market closes down. The main objective of intraday trading is to gain profits from the fluctuation in the stock price within the trading day.
Who provides lowest brokerage for intraday trading?
In the competitive world of stock broking, new brokers like Finvasia, Wisdom Capital and even established brokers like Kotak Securities offer Intraday trading with free brokerage. Many other brokers have come up with unlimited monthly and yearly plans. It is a Jackpot offer for active or intraday traders to reduce the breakeven point.
Here is the list of brokers providing low brokerage for intraday trading:
Wisdom Capital, Finvarsia, & SAS Online are new and emerging discount brokers. These brokers mostly provide bare-bones platforms (NSE Now, Omnesys Nest) for trading or track on extra fees for data and tools.On the other hand, for some of the larger, more established brokers like Zerodha, Samco, and Upstox, you need to pay little higher commissions, but in exchange you get free access to all the information and great trading platforms-apps you need to perform due diligence.
We advise our readers to think wisely before opting a broker on a low brokerage parameter. A lousy broker can put you in a position of loss rather than setting you up for success by stacking the odds against you. So opt a broker who provides good trading platform, expert customer service, and of course low brokerage,the lesser you pay as fees the more profit you keep.
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