Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Published on Saturday, July 12, 2014 by Chittorgarh.com Team | Modified on Thursday, May 13, 2021
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Online stock trading has changed the trading experience for forever. It made trading convenient, fast, inexpensive and reduced the faulty trade orders placed by brokers on phone. The revolution made by online share trading was capitalized by brokers to reduce the cost of trading at their end. But none of these brokers passed the profits to the customers.
Unlimited Trades & Unlimited Volumes (Fixed Monthly Fee Model)
In the year 2010-11; few young entrepreneurs decided to challenge the traditional brokers. They started offering discount brokerage plans to reduce the brokerage bills up to 90% by leveraging the technology. The concept of 'unlimited brokerage plan' was an innovative plan came from discount brokers.
It's a brokerage plan (for trading in equity, commodity and currency); where broker charges fixed monthly fee for unlimited trading. It offers literally unlimited trades by volume or size of the trade-in a month. Unlimited trading plans are like a monthly pass given to the traders for whatever they want to do in the stock market.
In this plan, the flat monthly fee is charged per segment. This means you pay a flat fee of Rs 2000 (example) for unlimited trading at equity segment (including equity cash, delivery, future & options) or Rs 1000(example) for unlimited currency derivative trading.
The monthly brokerage charged per month depends on the broker to broker.
The easiest way to find out if unlimited trading plans are suitable to you is looking at your trading history and your future trading plans. Check the monthly fees below and see if you are paying more than this. If your answer is 'yes' then it makes a lot of sense to move to a discount broker for unlimited trading plans.
| Broker | Plan / Schemes | Segment | Exchange | Monthly Fee | Catch |
|---|---|---|---|---|---|
| ProStocks | Monthly Plan | Equities & Derivatives | BSE, NSE | Rs 899 | |
| Monthly Plan | Currency Derivatives | BSE, NSE | Rs 499 | ||
| Yearly Plan | Equities & Derivatives | BSE, NSE | Rs 8999 | ||
| Yearly Plan | Currency Derivatives | BSE, NSE | Rs 4999 | ||
| SAS Online | Equity Plan | Equities & Derivatives | BSE,NSE | Rs 999 | |
| Commodity Plan | Commodity | MCX | Rs 999 | ||
| Currency Plan | Currency Derivatives | NSE | Rs 499 | NSE Only | |
| Tradeplus | F&O Plan | Equities & Derivatives | BSE, NSE | Rs 799* (Futures), Rs 99* (Options) | |
| Commodity Trading | Commodity | MCX | Rs 99*(Futures), Rs 99*(Options) | ||
| Currency Trading | Currency Derivatives | NSE | Rs 99*(Futures), Rs 99*(Options) |
Note: * Tradeplus offers multiple trading platforms. While NSE NOW and Nest Trader are available for free, for INFINI Trading Platform, Tradeplus charges additional software uses fee for Equity Trading @ Rs 499 per month, Commodity Trading at MCX @ Rs 249 per month and Call & Trade @ Rs 1000 per month. Other discount brokers listed above offer the trading software for free.
Some of the benefits discount brokers offering through monthly flat fee brokerage plans in India are listed as below. Please note that these features may vary by the broker to broker.
Following are popular stock brokers in India offering Unlimited trading fixed brokerage plans:
Unlimited trading plans are the best offering available to frequent traders in India. It allows you to trade without worrying about the brokerage charges on each trade. But most brokers offering unlimited trading plans, do not offer the high leverage.
Top brokers like Zerodha, ICICI, 5paisa, and Sharekhan do not offer unlimited trading plans.
We recommend every trader to try ProStocks unlimited monthly plans. There trading platform and services are very competitive. Traders can literally save 80% to 90% brokerage cost with these plans.
Yes, these plan offers literally unlimited trades in given segments and month. You just don't have to worry about the number of trades or size of trades as they offer unlimited trades and unlimited volumes for the fixed monthly fee.
With fixed monthly fee model you don't have to worry about how many trades you place during a particular month. Also, you never need to worry about how large or small your trade size is.
This is partially true and that's the reason it's important to choose the right broker. With ProStocks unlimited trading plans; except taxes; you don't have to pay any other charges.
It depend on the broker to broker. A discount broker like ProStocks doesn't charge the monthly fee if you don't make any trade in the given calendar month; even though you are registered to an unlimited trading plan.
The biggest saving with these plans is the saving on taxes. The GST and other taxes are only charged on the monthly fees you pay (i.e. service tax only on monthly fee i.e. on Rs 899)).
For example:
ProStocks charges flat monthly fee + 18% GST. If you take Monthly Equity Plan for unlimited Equities & Derivatives Trading; the cost of the plan is Rs 899 and additionally Rs 161.82 is charged as the tax on fixed brokerage.
Each broker is different in terms of offering and pricing plans. Here is some detail about popular brokers:
The unlimited trading plans offer literally unlimited brokerage free trading in the given segment for a month for a fixed monthly fee.
There are few stock brokers who offer an unlimited trading plan in India. Following the list of unlimited trading brokers and their charges:
| Broker | Plan Name | Segment | Exchange | Fixed Charges |
|---|---|---|---|---|
| ProStocks | Monthly Plan | Equities & Derivatives | BSE, NSE | Rs 899 per month |
| Monthly Plan | Currency Derivatives | BSE, NSE | Rs 499 per month | |
| SAS Online | Equity Plan | Equities & Derivatives | BSE, NSE | Rs 999 per month |
| Commodity Plan | Commodity | MCX | Rs 999 per month | |
| Currency Plan | Currency Derivatives | NSE | Rs 499 per month | |
| Tradeplus | F&O Plan | Equities & Derivatives | BSE, NSE | Rs 799 (Futures), Rs 99 (Options) |
| Commodity Trading | Commodity | MCX | Rs 99 (Futures), Rs 99 (Options) | |
| Currency Trading | Currency Derivatives | NSE | Rs 99 (Futures), Rs 99 (Options) |
Indiabulls is the only stockbroker in India offering bracket order (BO) and cover order (CO) under the monthly unlimited trading subscription plan.
Other brokers who offer unlimited trading plans exclude BO and CO orders from the plan. Unlimited trading customers are charged usually a flat rate brokerage i.e. Rs 20 per trade for BO and CO.
For example SAS Online unlimited Rs 999 per month equity plan doesn't cover BO and CO. They charge Rs 9 per executed order for all BO and CO orders.
Most stockbrokers don't offer BO and CO under the monthly unlimited trading plan as these orders have additional leverage which costs extra money to the broker.
Prostocks, another most popular broker offering monthly plan doesn't offer BO and CO.
|
| Link|February 27, 2022 3:33:49 PMReply
|| Link|October 25, 2017 5:52:53 PM
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
