Since the advent of discount broking concept in India, it has become a lot easier for investors to avoid paying high brokerage for trading in stocks. There are even several stock brokers in India that charge zero brokerage from their clients.
Overall, this has made stock trading a lot easier and affordable. This gives an excellent opportunity to small investors who want to make big gains on their investment without paying high brokerage.
If you are looking to invest in stocks without paying brokerage, there are several zero brokerage trading platforms in India that can help you avail the lowest brokerage charges in India.
What are Brokerage Charges?
Brokerage charges refer to a little commission that stock brokers (Discount and Full-service) charge from their customers for a wide range of investment-based services related to managing and carrying out financial transactions for their client’s financial account or accounts.
Fees are often set by the brokerage company, the kind of transactions the broker is doing, and the assets that are being handled. They can be expressed as a certain percentage of the entire amount of an account or as a flat charge.
What are the lowest brokerage charges in India?
It’s pretty easy to understand which brokerage costs are the lowest. It is the lowest brokerage fee that Indian stockbrokers charge. Since each stockbroker has a distinct minimum brokerage amount in place, the lowest brokerage costs frequently apply when the computed brokerage amount is smaller than the minimum brokerage amount.
In the following portion of this article, you will find out more about the lowest brokerage costs in India and top trading platforms with zero brokerage charges in India.
m.Stock is one of the top trading platforms in India that offer zero brokerage stock trading in India. This trading platform is owned and managed by Mirae Assets. Through the stockbroker, investors have access to a wide range of trading and investment options.
The lowest brokerage costs in India are m.stock’s most noteworthy characteristics. The stockbroker uses a zero-brokerage and zero-commission pricing mechanism.
Under its 999 brokerage plan, an investor doesn’t need to pay anything as brokerage across all trading segments including intraday, F&O. delivery, and others. In its another 149 plan, the stock broker charges 0 brokerage for equity delivery trading.
- Kotak Securities
Kotak Group is a prominent banking group in the country and it has a subsidiary with the name of Kotak Securities, that looks after the stock trading segment of the group. The stockbroker charges zero brokerage for equity intraday trade orders.
Kotak Securities offers a trading platform with the name – KEAT Pro X. The trading software can easily be downloaded and installed on a desktop and laptop.
The trading platform by Kotak Securities offers a number of other features too like different types of reports, live stock market quotes, advanced charting tools, personalized watchlists, live stock recommendations, portfolio management and others.
Zerodha is a pioneering name in the discount broking sector. Kite by Zerodha is a popular stock trading platform in India that offers a wide range of features to investors. Zerodha charges zero brokerage for equity delivery trades and direct mutual funds.
It charges a fixed fee of Rs 20 or 0.03% (whichever is lower) per trade for intraday and futures trading. Additionally, there is a flat fee of Rs. 20 per completed order for options transactions. This implies that the most brokerage you will ever pay for an order (regardless of size, amount, or section) on Zerodha is Rs 20.
- Angel One
Angel One is another popular stock broker in India which offers Angel One desktop application, web-based trading software, and a mobile app. These platforms can be used by users to invest in stocks through Angel One which charges zero brokerage for equity delivery trades.
The financial services firm Mirae Asset provides an investment platform known as m.Stock. Through the stockbroker, investors have access to a wide range of trading and investment options. The lowest brokerage costs in India are m.stock’s most noteworthy characteristic. The stockbroker uses a zero-brokerage and zero-commission pricing mechanism.
Whether you are investing in stocks for short term or long term, it is necessary to pay close consideration to the brokerage part. A brokerage always forms a major part of the overall charge faced by stock investors.
Since various stock brokers offer zero brokerage plans to investors, it is recommended to take a look at them and choose the one that matches your needs the best. Getting the lowest brokerage charges in India is no big thing if you do the research well.