Today, the concept of investing small amounts for higher returns has gained momentum in the Indian trading community, which has led many discount brokers to enter the country and experience resounding success, which was not the case nearly 10 years ago. to invest with traditional full-service brokers who would charge very high brokerage fees to their clients.
Full-service brokers generally charge a percentage of the trade as a brokerage, which is unsuitable for traders who invest huge amounts in the stock market and therefore have to pay many brokerage fees. As a result, these merchants do not find it very profitable to work with such brokers and often work with discount brokers who charge a fixed amount of brokerage, regardless of the size of the transaction. Let's explain with an example:
Suppose you want to invest Rs. 1Lakh in a stock, then the brokerage charged by a flat fee broker is Rs. 20 while the traditional brokers would charge Rs. 500 for the same transaction. As a result, traders can save a lot by investing with discount brokers.
Here is a detailed list of brokers who charge the lowest fees for the brokerage services offered:
Founded in 2015, 5Paisa is the leading discount brokerage firm based in Mumbai. He provides services in the areas of online trading, insurance and mutual funds. Here are the brokerage fees and others as follows:
- 5Paisa was supported by India Infoline (IIFL), a full-service broker who has been in the brokerage business for over two decades.
- They charge one of the lowest brokerage fees with a simple fee of Rs 10 per transaction executed.
Here are the brokerage fees collected by 5Paisa in detail:
Shipping SegmentBrokerage (NSE) Shares0.00325% Shares Intraday0.00325% Stock futures0.0019% Stock options0.050% Futures contracts0.002% Currency options0.06% Commodities0.0030%
Capital of wisdom
Wisdom Capital is one of India's fastest-growing discount brokers, whose main value proposition is the considerable leverage it provides to its clients.
As a discount broker, it also offers its clients low brokerage fees that are competitive with other discount brokers.
Here is the detailed list of fees proposed by Wisdom Capital in different segments:
Shipping SegmentBrokerage (NSE) Shares0.00325% Shares Intraday0.00325% Stock futures0.0028% Stock options0.060% Futures contracts0.028% Currency options0.06% Commodities0.0025%
Zerodha is widely recognized as the first discount broker in India offering a maximum brokerage of 20 rupees, regardless of the value of the transaction.
Zerodha typically charges 0.01% or 20 rupees, whichever is less, per transaction, which is remarkably lower than that of traditional full-service brokers.
Here are the brokerage fees offered by Zerodha:
Shipping SegmentBrokerage (NSE) Shares0.00325% Shares Intraday0.00325% Stock futures0.0020% Stock options0.050% Futures contracts0.0135% Currency options0.04% Commodities0.01% or Rs. 20 / order executed if it is lower
Founded in April 2013, SAS Online is relatively new in the stock market sector but has made tremendous progress in acquiring customers at a very fast pace. Here's what he has to offer in terms of brokerage fees:
- Flat brokerage of Rs. 9 or 0.01% per transaction executed.
- Offers monthly brokerage plans for trading in equities, currencies and commodities.
- Call and Exchange available at Rs. 20
Here are the brokerage details offered by SAS Online:
Shipping SegmentBrokerage (NSE) Shares0.00325% Shares Intraday0.00325% Stock futures0.0250% Stock options0.065% Futures contracts0.00165% Currency options0.060% Commodities0.03%
Launched in 2013, Finvasia is a discount broker that allows its clients to trade in equities, currencies, commodities and derivatives.
They do not charge their customers based on the execution of transactions, but depending on the trading platforms you use. Here are the details of how they charge you for using their trading platforms:
NEST: Rs. 149 per segment, Rs.99 per support. Premium Plan – Rs 777 in all segments.
AMI broker: Rs. 299 per month for unlimited exchanges on all segments.
Shipping SegmentBrokerage (NSE) Shares0.00325% Shares Intraday0.00325% Stock futures0.0019% Stock options0.050% Futures contracts0.00115% Currency options0.042% Commodities0.025%
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