A few years back, stock broking in India 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 stockbroking industry have changed with the introduction of discount brokers.
These type 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
Here is the list of stockbrokers that charge lowest brokerage charges in India:
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 of the account opening charges of ₹400 and annual maintenance charges of ₹250 for the first year. Click here to get a Callback!