Investing in share market can be quite risky if you are not aware and smart enough to decide when to invest and how to invest in the market. This arises an alarming demand for the brokers in this industry. But before talking about the best brokers in India and their roles in the market, we will brief you about the types of brokers in India.
Depending upon your trading style, your investments, your mindset towards the market, your demands, your personality and your financial needs and goals, you can easily choose between the two. If you are planning for long term investments and long play in the market, you can opt for a full-time broker but if you are planning to make a short-term investment with lowest brokerage charges, you can easily go for discount broker.
Lowest Brokerage Charges in India
The trading world brings a number of opportunities for traders to make profits from their investments. But the profit would become maximum, if the broker he gets is chosen wisely and also at a lowest brokerage rate. For a trader, they need to worry about brokerage + transaction charges, best trading platform, high margin and availability of a trading application.
Here we come up with "TOP 5 BEST BROKERS IN INDIA" with lowest brokerage charges:
ZERODHA and its brokerage charges:
Zerodha is the best discount broker in India. For delivery trades company, it don’t charge any brokerage. It’s completely free. So, for investors as well as beginners, this is the best company as they don't charge any brokerage fee whereas for traders, it charges up to rs.20 per executed orders.
| Type | Brokerage |
| Equity Delivery | Rs. 0 |
| Equity Intraday | Lower of Rs. 20 per executed order or 0.03% |
| Equity Futures | Lower of Rs. 20 per executed order or 0.03% |
| Equity Options | Rs 20 per executed order |
| Currency Futures & Options | Lower of Rs. 20 per executed order or 0.03% |
| Commodity F&O | Lower of Rs. 20 per executed order or 0.03% |
UPSTOX and its brokerage charges:
Upstox is known for its trading platform for beginners, offering free delivery trades like Zerodha and charging max rs.20 per executed orders for intraday., commodity training etc. It only differs from Zerodha in terms of transaction charges. You need to pay extra charges on transaction charge with UpStox.
| Type | Brokerage |
| Equity Delivery | Rs. 0 |
| Equity Intraday | Lower of Rs. 20 per executed order or 0.05% |
| Equity Futures | Lower of Rs. 20 per executed order or 0.05% |
| Equity Options | Rs. 20 per executed order |
| Currency Futures & Options | Futures – Lower of Rs. 20 per executed order or 0.05% Options – Rs. 20 per executed order |
| Commodity F&O | Futures – Lower of Rs. 20 per executed order or 0.05% Options – Rs. 20 per executed order |
5PAISA and its brokerage charges:
5PAISA is the digital investor of the future. It is the leading stockbroker in India.5paisa Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. 5paisa.com started operations in March 2016 and became 2nd largest discount broker and one of best stock broker in India by Dec 2018. It is listed on BSE and NSE. 5paisa online trading is available in equity, commodity, and currency at BSE, NSE, and MCX. It is a flat rate discount stockbroker. It charges flat 10 Rs brokerage irrespective of the size of the trade, segment or exchange.
| Segment | Brokerage Fee |
| Equity Delivery | ₹10 per trade |
| Equity Intraday | ₹10 per trade |
| Equity Futures | ₹10 per trade |
| Equity Options | ₹10 per trade |
| Currency Futures | ₹10 per trade |
| Currency Options | ₹10 per trade |
| Commodity Futures | ₹10 per trade |
| Commodity Options | ₹10 per trade |
PROSTOCKS and its brokerage charges:
ProStocks is fastest growing flat fee discount stock broker offering online trading at BSE and NSE. ProStocks is famous for the unlimited trading plan. This plan offers unlimited Equity and Derivatives Trading at Rs 899 per month or unlimited Currency Derivatives for Rs 499 per month. They are the cheapest broker in unlimited trading plans. It also offers Rs 15 per trade pricing plan.
| Segment | Value |
| Plan Name | Flat Fee Rs 15 Trading Plan |
| Monthly Plan | NA |
| Equity Delivery | Free |
| Equity Intraday | Flat Fee Rs 15 |
| Equity Futures | Flat Fee Rs 15 |
| Equity Options | Flat Fee Rs 15 |
| Currency Futures | Flat Fee Rs 15 |
| Currency Options | Flat Fee Rs 15 |
| Commodity | NA |
ANGEL BROKING and its brokerage charges:
It is one of the largest independent full-service retail broking houses in India committed in providing accurate and widespread data for every online share trader. This helps you in tracking your investments online at zero brokerage on delivery trade and trade across all segments.
| Brokerage Charge & Fees | Angel iTrade Prime |
| Equity Delivery Trading | FREE |
| Equity Intraday Trading | Rs.20 per order |
| Commodity Options Trading | Rs.20 per order |
| Equity Futures Trading | Rs.20 per order |
| Equity Options Trading | Rs.20 per order |
| Currency Futures Trading | Rs.20 per order |
| Currency Options Trading | Rs.20 per order |
| Minimum Brokerage | Rs.20 per order |
| Demat AMC Charges | Free or Rs.300 |
| Trading AMC Charges | Free |
| Margin Money | Zero |
FAQs
Ans - Both are considered same. Flat fee discount stock employs these terms to notion the brokerage fee. The more precise term among these is 'per executed order'.
Ans - Yes, you can lawfully have multiple stock trading accounts but each one of them should be with the different broker.
Ans - Yes, it is applicable to all type of orders under cash segment.
Ans - For every Transaction that the trader or investor begins, the broker charges a fee. This fee is known as Brokerage. Brokerage is one of the major components of trading expenditures in the stock markets. Other expenses for trading include STT, taxes and other transaction related fees.