Zero Paisa Demat Account (Free Brokerage Trading)

Published on Friday, October 11, 2019 by Chittorgarh.com Team

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Zero Paisa Demat Account (Free Brokerage Trading)

A Zero Paisa Demat account can help you cut your trading costs every year without compromising on any of the services you get in a normal demat account. When people look for zero paisa demat account, they actually are looking for zero brokerage trading plans. Let's discuss Zero Paisa Trading Account, Zero AMC Demat Account and stock brokers offering Zero Paisa Demat Account.

Note: This article assumes that by Zero paisa demat account means brokerage free trading.

1. Unlimited Trading plans (Zero Brokerage Unlimited Plans)

It's a brokerage plan wherein there is a fixed monthly fee for unlimited trading. It offers unlimited trades by volume or size in a month. The brokerage charged is zero. Unlimited trading works like a monthly bus or train pass wherein you can take unlimited rides by paying a monthly fee. Here, in case of unlimited trading plans, a trader can make as many trading transactions as he wants.

Brokers in unlimited trading plans charge a flat monthly fee per segment. The monthly brokerage amount varies from broker to broker.

Unlimited trading plans are suitable for-

  • Active traders who trade across segments including equity, commodity, and currency
  • High-volume traders who trade in large trading value
  • Frequent traders who make multiple trades in a day

Unlimited Trading Brokers List

Following stock brokers in India offer Unlimited trading fixed brokerage plans:

  1. ProStocks
  2. SAS Online
  3. Tradeplus
  4. Wisdom Capital
  5. Indiabulls Shubh

2. Zero Brokerage Delivery Trading Plans (Brokerage Free)

In a brokerage free delivery trading plan, stock brokers waive off brokerage on delivery trades and charge brokerage on other types of trades. Delivery trades are those trades wherein, the shares you buy are delivered to you and added to your demat account. You own the shares. It is in contrast to intraday or Buy Today Sell Tomorrow (BTST) trading wherein you buy and sell shares in a day or two.

Zero Brokerage Equity Delivery Trading Plans are suitable for-

Long term investors who want to hold onto stocks for weeks, months or years.

Zero Brokerage Delivery Trading Brokers List

Stock brokers offering zero brokerage equity delivery trading plans are-

  1. Zerodha
  2. Upstox
  3. Fyers

3. Zero Brokerage Trading Plans

There are some stock brokers who have come up with zero brokerage trading plans. In a zero brokerage trading plan, the brokerage is waived off for all types of trading, intraday, BTST, and delivery trading and across segments including equity, currency, commodity, and derivatives.

You may ask- what's the catch here? The catch here is that the stock broker will charge you for other services like trading platform fees, yearly account maintenance fees, etc.

Zero Brokerage Trading Plans are suitable for-

A zero brokerage plan is suitable for active, high-volume and intraday traders.

Zero Brokerage Trading Brokers List

Stock brokers offering zero brokerage trading plans are-

  1. Finvasia

4. Flat Brokerage Plans (Fixed Brokerage Plans)

Stock brokers also offer flat brokerage plan or fixed brokerage plans. Those plans were initially started by discount brokers but now many full-service brokers are also offering these plans.

In a flat brokerage plan, stock brokers will charge you a fixed brokerage per trade irrespective of the trade value. This is against the conventional percentage based brokerage wherein you are charged a percentage of the value of the trade. For example, Say a stockbroker charges 2% brokerage. The brokerage fee for a trade of value Rs 1 lakh would be Rs 2,000. Now, Zerodha charges flat Rs 20 or 0.01% (whichever is lower) per executed order whereas 5Paisa flat brokerage charge is Rs 10 per order. So, a flat brokerage trading plan helps you save a lot on brokerage if you are trading in high value.

Flat Brokerage Trading Plans are suitable for-

A flat or fixed brokerage plan is suitable for all types of traders.

Flat Brokerage Trading Brokers List

Stock brokers offering fixed brokerage trading plans are-

  1. Zerodha
  2. 5Paisa
  3. Angel Broking
  4. Edelweiss
  5. Indiabulls Shubh
  6. Prostocks

Lifetime AMC free Demat Account

AMC or Annual Maintenance Charges are recurring expenses borne by traders. If they can get a Lifetime AMC free demat accounts then it will help them substantially reduce their trading costs. Some stock brokers in India offer Free AMC Demat Accounts. For these demat accounts, you don't have to pay any AMC charges. Some brokers may charge a one time fee at the time of account opening or refundable deposits.

Lifetime Free AMC Brokers List

  1. Finvasia
  2. iTradeOnline
  3. Prostocks
  4. RMoney
  5. Trustline
  6. Wisdom Capital

How To Find Zero Paisa Demat Account or Zero Brokerage Trading Plans?

Finding a zero brokerage trading plan may look tough but it may not. With some online research and comparison, you would be able to find the best zero brokerage trading account-

Tips to find the best zero paisa demat accounts in India-

  • Create a list of brokers who offer zero brokerage plans

Please note that only a few stock brokers offer zero brokerage or unlimited trading plans. We have provided a list of brokers offering different types of brokerage free trading plans.

  • Compare and Select

Compare brokers from your list on brokerage. Brokers also run promotional campaigns when some offer zero brokerage trading plans. Check if any of the brokers are currently offering a zero paisa trading plan.

  • Read the pricing details

Often ignored but it is important to read the pricing details and check if the zero brokerage trading plan is really zero brokerage. Please note that there will be taxes levied by the Government in the form of GST, charges by central depositories and some transaction costs by stock exchanges. These charges need to be paid in such plans.

Conclusion

Finding a zero paisa demat 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.

Frequently Asked Questions

  1. 1. How to find zero paisa demat account?

    Finding a zero brokerage trading plan may look tough but it may not. With some online research and comparison, you would be able to find the best zero brokerage trading account:

    Tips to find the best zero paisa demat accounts in India-

    • Create a list of brokers who offer zero brokerage plans

      Please note that only a few stock brokers offer zero brokerage or unlimited trading plans. We have provided a list of brokers offering different types of brokerage free trading plans.

    • Compare and Select

      Compare brokers from your list on brokerage. Brokers also run promotional campaigns when some offer zero brokerage trading plans. Check if any of the brokers are currently offering a zero paisa trading plan.

    • Read the pricing details

      Often ignored but it is important to read the pricing details and check if the zero brokerage trading plan is zero brokerage. Please note that there will be taxes levied by the Government in the form of GST, charges by central depositories and some transaction costs by stock exchanges. These charges need to be paid in such plans.

     

  2. 2. Is there a limit to the number of trades I can do in unlimited trading plans?

    No, there are no limits to the number of trades in a month in unlimited trading plans.

    An unlimited trading plan allows you to do unlimited trades for a fixed monthly fee. However, it is important to check with your stock brokers on the conditions and caveats, if any, on brokerage free unlimited trading plans.

     

  3. 3. Is Zero Brokerage Delivery Trading Plan suitable for me?

    A zero brokerage delivery trading plan is suitable for traders who preferably trade in stocks and like to hold on to their shares for the long-term. If you're someone who majorly invests in shares for the long term then it is perfectly suitable for you.

     

  4. 4. Is zero brokerage trading plan available for intra-day trading?

    Zero brokerage trading plans are available for intraday trading.

    Very few stockbrokers offer zero brokerage or brokerage free trading plans. One such stockbroker is Finvasia. The broker offers zero brokerage plans for intraday trading. However, you need to pay for trading platform costs.

     

  5. 5. Does a zero paisa demat account mean I don't have to pay any charges?

    No, you need to pay a few charges and taxes a zero paisa demat account.

    A zero paisa demat account normally means that fees charged by the broker like account opening fee, Annual Maintenance Charges (AMC), etc., are waived off. You have to pay GST, charges by central depositories and transaction costs charged by stock exchanges.

     

  6. 6. Will I get the same services in a zero paisa demat account as in a normal demat account?

    Yes, you will get all the services provided to a normal account in a zero paisa demat account.

    A zero paisa demat account is nothing but a normal demat with some charges like account opening fee, Annual Maintenance Charges (AMC), etc., waived by the brokers.

     



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