A Look At The 7 Cheapest Online Share Brokers In India

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The advent of technology has reduced brokerage charges significantly over the last decade or so. As a result online share broking has become a fiercely competitive business in India.

    Share broking today offers minimal broking charges, waives off account maintenance charges, while some others waive off annual fees maintenance charges in India.

    A Look At The 7 Cheapest Online Share Brokers In India
    Take a look at the cheapest online share brokers in India.
     

    1) Zerodha

    Zerodha has created a niche for itself in the field of discount brokerage in India. It was one of the first brokerages in the country to start discount broking in the country.

    Today, the brokerage firm charges a flat fee of Rs 20 per transaction, irrespective of whether you trade for Rs 1 crores, Rs 10 crores or Rs 100 crores. This is a superb deal and if you are trading high in value Zerodha is amongst the best.

    However, please note that because the brokerage is low, you are not going to get benefits like physical contracts and stuff, which would all be payable.

    2) RKSV

    RKSV is another popular broker along with Zerodha and may have a slight edge. Under its Dream plans the company charges a brokerage of just Rs 20 and there are 5 free trades per month.
    Over the last few years RKSV has also become a popular discount broking firm in the country.

    3) Trade Jini

    Tradejini like Zerodha and RKSV charges a flat fee of Rs 20 per transaction. However, it is important to note that there would be a security transaction tax, service tax and stamp duty that is applicable for all other brokerage houses as well. Interestingly, the charges under the currency segment is also Rs 20 per executed transaction.

    4) SAS Online

    SAS Online is a broking form that does an average turnover of Rs 4200 per day and has a client list of more than 7000. The firm has the lowest charges among discount brokers at Rs 9 per executed order.

    5) CompositEdge

     

    CompositEdge charges a broking of Rs 18 for the first 1000 transactions and Rs 15 thereafter. This is also a slight variation from the charges of other discount broking firms. The company is Bangalore based and has a significant presence in the state of Karnataka.

    6) R K Global

    The unique feature of R K Global is that it has a Rs 999 unlimited plan. So by paying Rs 999 you can do a number of trades for free. This is a broking firm that also has a presence in mutual fund distribution, IPOs etc.

    7) My Value Trade

    My Value Trade is yet another low cost broker that offer you trades at a discounted rate. The firm offers brokerage at Rs 10 per executed order. This amongst the most competitive in the field of low cost broking business.

    8) Samco Securities

    Samco Securities is also a low cost broker and one can visit the portal for more details.

    Conclusion

    It is extremely important to understand that you have to examine a whole lot of things before you choose a broker. All of these low cost brokerages do not offer you facilities like physical copies etc. Also, in some cases you have to download the account opening forms and courier them yourselves.

    GoodReturns.in

    Read more about: broking zerodha
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more