5Paisa offers brokerage and other charges as follows:
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Lowest Brokerage Charges in India
| | Industry Updates, Trading | 1 Comment
Check All Frequently Asked Questions
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:
1. 5Paisa
5Paisa offers brokerage and other charges as follows:
- Offers one of the lowest brokerage charges with straightforward pricing at ā¹10 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 addingĀ ā¹50k to your trading account, this discount broker levies the account opening charges ofĀ ā¹400 and annual maintenance charges ofĀ ā¹250 for the first year. Click here to get a Callback!
Check out this 5Paisa Brokerage Calculator for complete understanding.
Here are the 5Paisa transaction charges:
| Segments | Basic Pack | Power Investor Pack | Ultra Trader Pack |
| Equity Delivery | Rs. 20 /order | Rs. 10/order | Rs. 10/order |
| Equity Intraday | Rs. 20 /order | Rs. 10/order | Rs. 10/order |
| Equity Futures | Rs. 20 /order | Rs. 10/order | Rs. 10/order |
| Equity Options | Rs. 20 /order | Rs. 10/order | Rs. 10/order |
| Currency Futures | Rs. 20 /order | Rs. 10/order | Rs. 10/order |
| Currency Options | Rs. 20 /order | Rs. 10/order | Rs. 10/order |
| Commodity Futures | Rs. 20 /order | Rs. 10/order | Rs. 10/order |
| Commodity Options | Rs. 20 /order | Rs. 10/order | Rs. 10/order |
You can read this review in Hindi as well.
2. Zerodha
ZerodhaĀ brokerage charges are as follows:
- ā¹0 for Equity delivery
- 0.01% or ā¹20 per executed trade whichever is lower for any other trading segment
- The maximum brokerage irrespective of your trade value will always beĀ ā¹20
- Zerodha Mutual fund investments are completely free.
Zerodha Brokerage Calculator
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.
Here are the Zerodha transaction charges:
| Segment | Brokerage Fee | Transaction Charges |
| Equity Delivery | Rs. 0 | 0.1% on both Buy and Sell |
| Equity Intraday | 0.03% or Rs. 20/executed order whichever is lower | 0.025% on the Sell Side |
| Equity Futures | 0.03% or Rs. 20/executed order whichever is lower | NSE: 0.0019% | BSE 0.003% (each side) |
| Equity Options | Flat Rs. 20 per executed order | NSE 0.05% | BSE 0.003% (each side) (on premium) |
| Currency Futures | 0.03% or Rs. 20/executed order whichever is lower | NSE: 0.0009% | BSE: 0.00022% |
| Currency Options | 0.03% or Rs. 20/executed order whichever is lower | NSE: 0.035% | BSE: 0.001% (on premium) |
| Commodity Futures | 0.03% or Rs. 20/executed order whichever is lower | Group A: Exchange txn charge: 0.0026% Group B: Exchange txn charge: Pepper - 0.00005%, Castorseed - 0.0005%, Rbdpmolein - 0.001% |
| Commodity Options | 0.03% or Rs. 20/executed order whichever is lower | Rs 0 |
3. Angel Broking
When it comes to Angel Broking, although, it is positioned as a full-service stockbroker, it has recently pivoted towards flat-brokerage rates across trading segments.
Earlier, it used to charge a percentage commission based on your trading turnover. However, now the broker has come up with a couple of simple brokerage plans, as listed below:
- ā¹15 per executed order if your trading turnover is equal to or less thanĀ ā¹50k
- ā¹30 per executed order if your trading turnover is more thanĀ ā¹50k
- Free Stock market research, tips and recommendations are provided on a regular basis.
- Free Demat account if you open your account through A Digital Blogger
Feel free to check out this Angel Broking Brokerage Calculator for further reference. Looking at the pricing, they now easily made this list of low brokerage charges in India.
Also, here are the details on Angel Broking Transaction Charges:
| Segments | Brokerage Charges |
| Equity Delivery | Rs. 0 |
| Equity Intraday | Rs. 20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Equity Futures | Rs. 20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Equity Options | Rs. 20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Currency Futures | ā¹ 20 Per Executed Order Or 0.25% (Whichever Is Lower) |
| Currency Options | ā¹ 20 Per Executed Order Or 0.25% (Whichever Is Lower) |
| Commodity Futures | ā¹ 20 Per Executed Order Or 0.25% (Whichever Is Lower) |
| Commodity Options | ā¹ 20 Per Executed Order Or 0.25% (Whichever Is Lower) |
4. SAS Online
SAS OnlineĀ brokerage charges are as follows:
- ā¹9Ā orĀ 0.01% per executed order
- A fixed monthly charge ofĀ ā¹999 for Equity trading
- A fixed monthly charge ofĀ ā¹999 for Commodity trading
- A fixed monthly charge ofĀ ā¹499 for Currency trading
- Call and Trade charges areĀ ā¹20 per executed order
Check out this SAS Online Brokerage Calculator for complete understanding.
Here are the SAS Online transaction charges:
| Segment | Transaction Fee |
| Equity Delivery | NSE: 0.00325% | BSE: 0.00325% |
| Equity Intraday | NSE: 0.00325% | BSE: 0.00325% |
| Equity Futures | NSE: 0.0025% |
| Equity Options | NSE: 0.065% (on premium) |
| Currency Futures | NSE: 0.00165% |
| Currency Options | NSE: 0.06% |
| Commodity | Non-Agri: 0.0031% |
5. My Value Trade
My Value Trade brokerage charges are as follows:
- ā¹10 per executed order
- A fixed monthly charge ofĀ ā¹1000 for trading across segments
- A fixed yearly charge ofĀ ā¹10000 for trading across segments
- Call and Trade charges areĀ ā¹20 per executed order
Check out this My Value Trade Brokerage Calculator for complete understanding.
Here areĀ details on the My Value Trade transaction charges:
| Segment | Transaction Fee |
| Equity Delivery | 0.00325% |
| Equity Intraday | 0.00325% |
| Equity Futures | 0.00300% |
| Equity Options | 0.0600% |
| Currency Futures | 0.00120% |
| Currency Options | 0.04200% |
6. Finvasia
FinvasiaĀ brokerage charges are as follows:
Finvasia does not charge based on the transaction. Instead, this discount broker charges you based on the trading platform you use for your trading. Here are the details:
- NEST:Ā ā¹149 per segment, ā¹99 bracket order Premium Plan – ā¹777 all segments, ā¹0 bracket order.
- AMI Broker:Ā ā¹299 per month for unlimited trading across segments.
- Presto:Ā ā¹1599 per month (license cost extra)Ā for unlimited trading across segments.
Here are the Finvasia transaction charges:
| Equity Delivery | 0.00325% |
| Equity Intraday | 0.00325% |
| Equity Futures | 0.00190% |
| Equity Options | 0.05000% |
| Currency Futures | 0.00115% |
| Currency Options | 0.0400% |
| Commodity | 0.00260% |
7. Prostocks
ProstocksĀ brokerage charges are as follows:
- ā¹15 per executed order
- ā¹899 per month for Unlimited Trades across Equity & Equity Derivatives
- ā¹499 per month for Unlimited Trades across Currency Trading
Check out this Prostocks Brokerage Calculator for complete understanding.
Here are the Prostocks transaction charges:
| Segment | Transaction Fee |
| Equity Delivery | 0.00325% |
| Equity Intraday | 0.00325% |
| Equity Futures | 0.0019% |
| Equity Options | 0.05% |
| Currency Futures | 0.00110% |
| Currency Options | 0.04% |
8. Upstox
Upstox brokerage charges are as follows
- ā¹20 per executed order or 0.01% of your turnover (whichever is lower)
- Free Delivery trades
- Call and Trade charges areĀ ā¹20 per executed order
Check out this Upstox Brokerage Calculator for complete understanding.
Here are the Upstox transaction charges:
| Segments | Brokerage Charges | Transaction Charges |
| Equity Intraday | Rs. 20 per executed order or 0.05% (whichever is lower) | NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group |
| Equity Delivery | Zero brokerage | NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group |
| Equity Futures | Rs. 20 per executed order or 0.05% (whichever is lower) | NSE: Exchange turnover charge: 0.0020% Clearing charge: 0.0002% |
| Equity Options | Flat Rs. 20 per executed order. | NSE: Exchange turnover charge: 0.053% Clearing charge: 0.005% |
| Currency Futures | Rs. 20 per executed order or 0.05% (whichever is lower). | NSE: Exchange turnover charge: 0.0009% Clearing charge: 0.0004% BSE: Exchange turnover charge: 0.00022% Clearing charge: 0.0004% |
| Currency Options | Flat Rs. 20 per executed order. | NSE: Exchange turnover charge: 0.04% Clearing charge: 0.025% BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% |
| Commodity Futures | Rs. 20 per executed order or 0.05% (whichever is lower). | Non-Agri: Exchange turnover charge: 0.0026% Clearing charge: 0.0005% |
| Commodity Options | Flat Rs. 20 per executed order. | Exchange turnover charge: 0 Clearing charge: 0.002% on buy + sell [Rs. 200/crore] |
Lowest Brokerage Charges Conclusion
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.
Also Read: Check out some of the latest offers and deals from top stock brokers in India.
Still, have more questions to get clarified? Why don’t you send your details and we will arrange a Free call back for you!
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Lowest Brokerage in India
Overall Rating
One Comment
Zerodha’s online PR is massive and overhyped. They just advertise themselves as one of the few brokers charging the lowest. But the absurdity in charging brokerage is such that you will eventually pay more or less the same as what you pay other companies. Here is how it works – now you would always want the best deal in your trade right? And hence in most of your trades, you will play the tug of war and try to get it at a difficult price. So let’s say you order 1000 shares of maybe Vodafone and it gets executed in multiple bits…there are some trades that even get executed in just one share. Like, if youre unlucky, you might end up with 50 different trades or even 100. They will charge you 20 Rs for EVERY single trade! Look at the absurdity in this…a 12 rs share, some of the trades getting executed with just one share bought or sold, they will charge you 20 rs plus a dozen odd stupid charges and taxes. If you’re really skilled in intraday and make sure to always get profits out of your trades, then go for Zerodha. If your earnings in each session are like barely 1000 Rs, you can expect 0 Rs to be credited into your account because most of it will be eaten by those people in the form of charges and taxes.