Zero Brokerage Trading
Last Updated: Nov -7-2019
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Zero brokerage is a plan where the broker charges absolutely nothing for any kind of trade. As fascinating as this plan sounds, zero brokerage has led to a surge of trading in the Indian stock market today. By taking the advantage of the rise in trading, some brokers create fraud plans. They claim to offer zero brokerage plans, however, they charge on per trade basis or may also charge on monthly, yearly, or lifetime basis. If the investorsdo not understand schemes properly, they probably get trapped in one such plan andend up paying hefty amounts of the money. To save oneself from being cheated, it is important to understand stock brokers and their brokerage schemes well.
In India, the discount stockbrokers outperform the traditional brokers by offering low brokerage or minimum brokerage plans. Some of them even offer zero brokerage plans wherein they charge nothing at all. There are brokers who provide zero brokerage or lowest brokerage demat trading account allowing the investor to trade in equities, shares, commodities, FnO, and so on. For stockbrokers, the main objective is to offer 100% customer satisfaction. Before choosing for the right broker, it is important to understand your requirements and expectations.
Let’s divide the Zero Brokerage Trading into 3 types -
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0 (Zero) Brokerage for all Segments
Finvasia & Wisdom capital are the only brokers in India who offers Zero Brokerage for all Segments.
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0 (Zero) Brokerage for Delivery Trading
Discount brokers like Zerodha, Upstox, Fyers lets you buy and sell individual stocks in cash segment at Rs 0 per trade. The idea behind it is to introduce beginners to trade in the stock market with free equity delivery trades and as they become used to with trading, they will more likely to do Intraday and derivative trading which is not free.
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Unlimted Trading Plans (Zero Brokerage unlimited Plans)
The third segment is 0 (Zero) Brokerage Trading with Monthly or Yearly Plans. Brokers like Prostocks, SAS Online & Tradeplus Online is providing Equity delivery and equity derivative monthly plan in just Rs 899/999 per month. This plan is almost like free trading for active investors who performs daily high volume trade in equity segment. Kotak Securities also started offering Free Intraday Trading (FIT) @999 PA.
www.Investyogi.com studies the Indian market and comes up with some of the best stock brokers who offer zero brokerage plans in a true sense. Several discount brokers are found to be the best choice for zero brokerage plans as they offer large savings in brokerage. An additional benefit of these brokers is if the investor does not trade often, then he need not pay any brokerage fees. The list of discount brokers mentioned below offer the required trading facilities at a low cost.
Here is the list of brokers providing "Zero Brokerage Trading Accounts in India":
| S.No | Stock Broker | Brokerage | Review | Request CallBack |
|---|---|---|---|---|
| 1 | Wisdom Capital | 0 (NSE,BSE,NFO & MCX) |  |
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| 2 | Finversia | 0 (NSE,BSE,NFO & MCX) | |
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| 3 | Prostocks | Unlimited Trading Plan | |
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| 4 | SAS Online | Unlimited Trading Plan | |
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| 5 | TradePlus | Unlimited Trading Plan | |
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| 6 | Zerodha | Brokerage Free on Equity Delivery | |
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| 7 | Upstox | Brokerage Free on Equity Delivery | |
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| 8 | Fyers | Brokerage Free on Equity Delivery | |
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| 9 | Angel Broking | Brokerage Free on Equity Delivery | |
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Conclusion
Finding a zero brokerage account or a brokerage free trading plan can help you save a lot of money which will add to the trading profitability. However, you need to do due diligence and check on all the details of the brokerage policy before opting for such plans.
In case you are looking to get started with stock market investments or looking to open account with any of the above listed stock brokers,let us assist you in taking the next steps ahead.
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