Are you looking for the right broker to invest in penny stocks? Well, most brokers do not offer penny trading. But Zerodha offers trading in penny shares at unmatchable rates. Wondering what is the Zerodha Brokerage on Penny Stocks? Let’s find out.
Zerodha Brokerage Charges for Penny Stocks
Being a discount broker, Zerodha charges a minimum fee for trading in any segment. Here when it comes to trade in penny stocks, you can trade them only in the equity market.
Further in the equity market, one can either hold it overnight for BTST or delivery trades or do intraday trading.
On the basis of trading products, the brokerage is charged, the details of which are given below.
Apart from the mobile trading facility, the broker provides you the provision to place, modify, and exit from trade on call through the ‘Call and Trade’ Facility. However, to use this facility one has to pay an additional ₹50 per order is charged.
Zerodha Call and Trade Charges
Call and Trade Charges
₹50 per order
Unlike trade charges, these charges are imposed per order. Hence you can place multiple trade requests in a single call. Also, these charges are imposed when you do not square off the intraday position on time for penny stocks.
To simplify this, you can rely on the brokerage calculator where you just need to enter the trade value and quantity, and Zerodha brokerage for penny stocks along with the PnL percentage will display on the screen.
Penny stocks are low-cost shares having a value of ₹10 or less. They are traded in quantity and depending upon the trading segments Zerodha charges the minimum and maximum fees.
However, there are no futures and options contracts for penny stocks hence one can only trade them in the equity market.
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