Lowest Brokerage Charges in India 2023
Whether you are investing in stocks for the first time or have been investing in the same for several years, it is necessary to understand the importance of brokerage in stock trading. Generally, investors prefer to work with a stock broker which has the lowest brokerage charges in India. This is to save money while making better profits. There are several stock brokers in India that either charge zero brokerage or a flat brokerage against the trading done.
Primarily, there are two types of brokers in India:
1)
Full-service
Brokers
2)
Discount
Brokers
As their name indicates, full-service stock brokers are stockbrokers
that not only allow investors to buy and sell stocks, but also offer various
add-on services like portfolio management, financial planning, stock research,
and others. They charge a certain amount against these services which is
commonly known as brokerage.
On the other hand, discount brokers help traders and investors in
performing buy and sell orders with little or zero commission. Put simply, their
primary objective is to provide basic stock trading services to their clients.
Most new investors prefer to work with discount brokers as they charge the
minimum brokerage or a standard brokerage regardless of the order size and the
number of trades.
If you are searching for a stockbroker with the lowest brokerage charges
in India, you can consider the following options.
1.
ProStocks
ProStock is one of the fast-growing stock brokers in India and is
primarily known for its Rs. 15 per trade brokerage plan. It offers online
trading across BSE and NSE. Equity delivery, equity intraday, equity
derivatives (F&O), and currency derivatives (F&O) trading are all
available through ProStocks on the BSE and NSE. The specially developed trading
platform gives all users quick trading through an installable trading terminal,
a website, and a mobile app, all of which are free. They also provide the NSE
NOW trading platform.
Brokerage Charges
·
Equity Delivery:
Rs 15/trade (Flat Fee Plan) or Rs 0/trade (Unlimited Trading Plan)
·
Currency
F&O: Rs 15/trade (Flat Fee Plan) or Rs 0/trade (Unlimited Trading Plan)
·
Equity
Intraday and F&O: Rs 15/trade (Flat Fee Plan) or Rs 0/trade (Unlimited
Trading Plan)
2.
Zerodha
Zerodha is another popular name in the stock broking marketplace. It
offers flat fee discount brokerage to its clients looking to invest in
Currency, Equity, IPO, Commodity, and Mutual Funds. The discount broker charges
0 for equity delivery trades and mutual funds. In the case of intraday and
F&O, investors would pay flat Rs. 20 or 0.03% (whichever is lower) per
trade.
Brokerage
|
Category |
Brokerage |
|
Equity
Delivery |
Nill |
|
Equity
Intraday |
Rs. 20 per
order or 0.03% whichever is lower |
|
Equity
Futures |
Rs. 20 per
order or 0.03% whichever is lower |
|
Equity
Options |
Rs. 20 per
order |
Zerodha is also known for its lowest brokerage charges in option trading in India.
3.
Upstox
When it comes to choosing a stockbroker with the lowest brokerage
charges in India in 2021, Upstox must be included in the list. The stock broker
offers trading in different segments including commodities, equity, futures
& options, and currency.
Upstox equity delivery
brokerage is stood at Rs 20 or 0.1% per order (whichever is lower). In the case
of equity intraday, the brokerage of Upstox is Rs 20 per executed order or
0.05% (whichever is lower).
4.
5Paisa
5Paisa is one of the
leading stock brokers in India which has the lowest brokerage charges in India.
There are three membership plans offered by 5Paisa – Basic, Power Investor, and
Ultra Trader. All these plans come with zero account opening charges.
The brokerage charged
by 5 Paisa is as given below:
·
Rs. 20 per
order (Basic Plan)
·
Rs. 20 per
order (Power Investor)
·
Rs. 10 per
order (Ultra Trader)
5.
Fyers
Launched in 2015,
Fyers is a leading online discount broker in India. It allows trading in Equity
Cash, F&O, and Currency Derivatives segments at NSE. The name is counted
among the top stock brokers with the lowest brokerage charges in India. Fyers follows
an easy pricing model which allows trading across segments for the same flat
brokerage charge of a maximum of Rs 20 per executed order.
|
Segment |
Brokerage Fees |
|
Equity Delivery |
0 Brokerage |
|
Equity Intraday |
Rs 20 per executed order of 0.03% whichever is
lower |
|
Futures (Equity, Currency, Commodity) |
Rs 20 per executed order of 0.03% whichever is
lower |
|
Options (Equity, Currency, Commodity) |
Rs 20 per executed order |
The Conclusion
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