Lowest Brokerage charges are something that every trader, whether a newbie or an experienced hotshot, wants. Of course, they want it with reasonable quality services, trading platforms, margin and whatnot.
Although there are a very limited set of brokers, who can actually provide you with all that, the good part is – yes, there is a set of such brokers in India.
Let’s have a quick look at these lowest brokerage charges in India apart from the overall value they provide to your trading experience.
Lowest Brokerage Charges Review
A few years back, stock broking in India was comprised primarily of Full-Service brokers which made trading a high-cost affair.
Thus, people used to be hesitant to enter into trading assuming most of their profits will be eaten up by the broker itself.
However, in the recent few years, the dynamics of the stockbroking industry have changed with the introduction of discount brokers.
These types of brokers have hit the right spot by countering that age-old problem of high brokerage charges. Some of these discount brokers charge some of the lowest brokerage charges in India.
You can check out some of the top discount brokers in India with a detailed review here.
These discount brokers primarily charge a fixed brokerage at per trade level or provide a fixed charge at a periodic (daily, monthly or yearly) level. This brokerage has nothing to do with:
The monetary value of the placed transaction
Number of transactions done over a period of time
Lowest Brokerage Charges List
Here is the list of the brokers that charge the lowest brokerage charges:
5Paisa offers brokerage and other charges as follows:
Offers one of the lowest brokerage charges with straightforward pricing at ₹10 per executed order across segments
First 5 Trades for Free
One thing that differentiates 5Paisa from other brokers is that it has the backing of India Infoline, a trustable name in the stockbroking space in India.
If you start by adding ₹50k to your trading account, this discount broker levies the account opening charges of ₹400 and annual maintenance charges of ₹250 for the first year. Click here to get a Callback!
The overall charges are defined by the brokerage plus other taxes and fees imposed on trading.
Generally, traders skip evaluating this and hence fail to consider their overall profit percentage. To help you with this here is the brokerage calculator, which not only gives you complete detail of the brokerage but also the profit you can earn from your entire trade.
While we wrap up this review on the lowest brokerage charges in India, this needs to be known that the discount broking industry is way more dynamic than its full-service counterparts. This dynamism comes in the form of their trading platforms, margin trading, order types etc.
Thus, it is advised that you always stay on your toes and keep looking for any new offering the broker may have to offer.
As far as the brokerage is concerned, is definitely negligible in comparison to what is being charged by full-service stockbrokers.