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Lowest Brokerage Broker in India by Broker Buzz

India has a vast variety of stock broker which are mainly categorized under 2 categories- full service brokers and discount broker, but recently, a new category has emerged namely- commission free brokers.

Naturally, as the name suggests commission free brokers are offering trading at lowest brokerage.

Here is the list of brokers, ranked according to their brokerage plans:

  • FINVASIA-

India’s first commission free broker finvasia was setup in 2013. It is Chandigarh based company who envisions freeing the traders/investors from the unnecessary cost to increase the number of traders and investors in the stock market and has quite successfully been able to do so.

Brokerage:

  1. Equity Delivery: ₹0
  2. Equity Intraday: ₹0
  3. Equity Future: ₹0
  4. Equity Options: ₹0
  5. Currency Futures: ₹0
  6. Currency Options: ₹0
  7. MCX Commodity: ₹0
  • WISDOM CAPITAL-

Joining the race of zero brokerage, wisdom capital also offers zero brokerage trading in one of their plans, making wisdom capital and finvasia the only commission free brokers in India. An important thing to note here is, although wisdom capital is offering zero brokerage trading under their freedom plan, the leverage for every segment will remain 1x, meaning no leverage will be offered under this plan.

Brokerage:

  1. Equity Delivery: ₹0
  2. Equity Intraday: ₹0
  3. Equity Future: ₹0
  4. Equity Options: ₹0
  5. Currency Futures: ₹0
  6. Currency Options: ₹0
  7. MCX Commodity: ₹0
  • SAS ONLINE-

Third in the line- SAS online, setup in 2013, offers trading at a flat rate i.e. rs.9 or you can pay Rs. 999/month and trade unlimited.

Brokerage:

  1. Equity Delivery: ₹9
  2. Equity Intraday: ₹9
  3. Equity Future: ₹9
  4. Equity Options: ₹9
  5. Currency Futures: ₹9
  6. Currency Options: ₹9
  7. MCX Commodity: ₹9
  • 5 PAISA

5 paisa is a Mumbai based broker and currently is India’s second largest discount broker. 5 Paisa is a subsidiary of IIFL. And just like sas online, 5 paisa also charges brokerage at a flat rate i.e. rs. 10

Brokerage:

  1. Equity Delivery: ₹10
  2. Equity Intraday: ₹10
  3. Equity Future: ₹10
  4. Equity Options: ₹10
  5. Currency Futures: ₹10
  6. Currency Options: ₹10
  7. MCX Commodity: ₹10
  • ZERODHA/ UPSTOX/ FYERS

All three, zerodha, upstox and fyers are discount brokers and offer same brokerage plan i.e. rs20 or 0.01% of the traded volume whichever is less. Do note here, zerodha, upstox and fyers offer equity delivery free of cost.

Brokerage:

  1. Equity Delivery: ₹0
  2. Equity Intraday: ₹ 20 or 0.01% of the traded volume whichever is less
  3.  Equity Future: ₹ 20 or 0.01% of the traded volume whichever is less
  4. Equity Options: ₹ 20 or 0.01% of the traded volume whichever is less
  5.  Currency Futures: ₹ 20 or 0.01% of the traded volume whichever is less
  6. Currency Options: ₹ 20 or 0.01% of the traded volume whichever is less
  7. MCX Commodity: ₹ 20 or 0.01% of the traded volume whichever is less

To know more about the brokers who offer lowest brokerage in India: https://www.youtube.com/watch?v=Ka_kCJCz_Bs&feature=youtu.be

 

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Monday, 26 August 2019

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