Well, for those who are trading regularly you have to look at the cheapest share broking charges in India, if you really want to make money, as broking charges could differ significantly from broker to broker.
Take a look at some of the cheapest broking firms in the country.
|Name of Broking Firm||Charges|
Flat charges of Rs 20 per trade
Can be as low as Rs 8. Individuals need to study conditions first.
|Trade Smart Online|| |
Pay monthly charges and avail free brokerage.
|Composite Investments||Flat fee of Rs 25 per transaction.|
a) Zerodha Brokerage Charges
Zerodha somehow pioneered the concept of flat broking charges. What the firm does is that it does not charge brokerage based on the value of your transaction. It charges a flat Rs 20 on every executed order. What this means that a buy and sell trade would cost you just Rs 40, which is really very cheap. Securities Transaction Tax and other charges would of course would be separate. But, these trading charges are extremely cheap and perhaps one of the best in the country.
b) RKSV Brokerage Charges
RKSV offers charges that vary, but could still turn out to be among the best in the industry. The firm says that customers on an average pay Rs 8 per trade. There is a flat monthly fee that is levied which brings down the cost per trade. The interesting thing is that for a flat monthly fee you can do any number of trades. Now this is interesting for regular traders and is a good bet for those doing several transactions in a day. Therefore, since you are paying a monthly charge the daily brokerage is zero.
c) Trade Smart Online
Trade Smart Online is yet among the few brokers that offer you among the cheapest broking plans in India. You can do unlimited trading by paying the broking firm a monthly charge of Rs 1899 per month. It's also possible to trade with commodities with most of these brokers. Trade Smart online also provides Personalized Customer Support and Centralized Help Desk.
d) Composite Investments Private Ltd
Like most others Composite Investment also charges a flat brokerage fee. The fee is Rs 25 per transaction. This is mostly like most other broking firms. It claims to have no hidden fees and no other charges
Cheapest Share Broking Charges: Things to Know
1) Many of the firms or some of them at least may not provide exemplary service standards, as they may have minimal employee to keep costs low.
2) Some may not provide research and hence you have to have adequate knowledge. The purpose once again is to keep costs low.
3) Look for hidden charges before you take a decision on opening an account.
4) Most of them provide free software. Nonetheless it's best to see that the software is user friendly.
5) Check whether you can engage in commodity trading with these brokers.