In today’s world, trading in stocks is considered a great opportunity to improve and secure financial futures. The growing range of opportunities makes trading more popular. The ease of entry into the market has especially attracted the younger generation. Recent years have seen a significant increase in the trend of trading. It is now a highly versatile platform for investing.
But due to lack of knowledge, they start their investment journey on any platform. Due to which they have to face various types of heavy charges and spend a lot of money in paying brokerage charges in the beginning itself. However, there are some trading platforms in the market which charge very little or no brokerage charges. These platforms will prove to be very beneficial for new investors.
Types Of Brokers In India
First of all, we need to understand about the types of brokers available in India. There are two types of brokers in India.
- Full-service brokers :– These are the traditional brokers who offer a wide range of products and services to their clients. The products they offer are trading, investing, research, advice, and more. They usually charge high fees on brokerage, account opening, maintenance charges, and more.
- Discount brokers :– These are the modern brokers who offer a limited range of services like trading and investing. They usually charge low brokerage on a fixed fee or zero brokerage basis for the products. Discount brokers also charge other fees and charges low or no fees at all.
Who Has The Lowest Brokerage Charge?
Most brokerage platforms charge ₹20 per order. Therefore, in this list, we have given priority to those platforms that charge the lowest brokerage in India, which charge less than ₹20. These include the names of platforms like Zerodha, m.Stock, Kotak Securities and StoxKart. Let us know about their brokerage charges in detail.
Zerodha
The brokerage fee for equity delivery for Zerodha Kite is zero. Intraday trades are charged flat Rs 20 or 0.03% (whichever is lower) on each executed order. Equity futures brokerage charge is zero. Equity options are charged flat Rs 20 on each executed order.
Zerodha Kite can be accessed from its website on various devices. The technology is built on HTML-5. It is ultralight and responsive. The application has a real-time market watch. Trade execution involves trading directly from the charts. Moreover, it is available in multiple languages. Equity markets have a T+2 settlement cycle transaction time. For futures options, settlement through Zerodha Kite happens in real-time.
m.Stock
m.Stock is one of the best trading platforms in the country. Which becomes the first choice of millions of traders for its zero brokerage model. m.Stock charges only ₹5 per order. However, it also offers a zero brokerage plan. In which you can avail the benefit of zero brokerage trading for lifetime by paying a one-time fee of just ₹999. Whether you trade in equity or futures and options, you will not have to pay any kind of brokerage.
Kotak Securities
Kotak securities has been providing excellent services for the last 30 years. Its biggest feature is its low brokerage charge. Which is only ₹ 10 per order. Along with this, zero brokerage facility is also available for delivery trades. Currently, Kotak Securities has more than 5 million customers. Which makes the trust towards it even stronger.
StoxKart
Stoxkart trading platform is becoming popular very fast. Which charges only ₹ 15 per trade brokerage for intraday, derivative, commodity and currency trading. Whereas there is no brokerage fee for equity delivery. Also, ₹ 20 per order is charged for trading in F&O. However, the option of StoxKart Smart Trader 99 Plan + 18% GST is also available. After subscribing to which, customers can avail brokerage free trading and investment for 1 month. Also there is another option of Rs 699 plus GST which gives the facility of brokerage free trading for a year.
Conclusion
We have mentioned the list of best brokers with low brokerage charges. Here you can find the suitable broker for you, compare it and open a demat account with it. You just need to do a thorough research and consider opening your trading account with low brokerage charges in India. If you have any question regarding this post, then you can tell us by commenting in the comment box given below. Your feedback and suggestions are welcome as always. Thank you.
