Zero Brokerage Unlimited Trading

Are you someone who is looking for Zero brokerage unlimited trading kind of a plan. Well, you are not alone. A lot of traders at different stages of their trading career lookout for such a broker that can charge a fixed amount per month or a year and allows unlimited trading with that subscription.

What kind of traders generally look for such a plan?

Well, honestly the traders that genuinely look for such a zero brokerage unlimited trading plan are traders who have a high frequency of trades being put on the share market,

OR

the traders whose overall trading turnover is on a really higher side, thereby, increasing the overall brokerage they end up paying to their stockbroker.

There is also another kind of traders who are relatively new to the system and believe they should opt for such a stockbroker to save brokerage charges. They fail to understand that going ahead with such a stockbroker might not be in the best of their interest.

While looking for such a brokers, apart from brokerage it is good to consider the mobile trading apps provided by them.

Nonetheless, irrespective of the kind of trader you are from the 3 types discussed above, let’s talk about the stockbrokers that provide zero brokerage unlimited trading plans to their clients in this review.

Zero Brokerage Unlimited Trading in India

Let’s say, you are hungry and have come to a restaurant for food and there are two options for buying food for yourself. Either you can pick al-a-carte and pay for individual dishes and more in case you want more food or you can just buy a buffet and have unlimited food as per your appetite. Which one will you choose?

Assuming, you are reasonably hungry, it’s highly likely you will pick up the buffet option.

Well, that makes sense. Similarly, if you trade at medium to high scale on the stock market – would you like to pay brokerage for each trade you do or you’d just pay for once and do unlimited trades without any further worry of the brokerage to be generated at the end.

Now let’s talk about some of the stockbrokers that offer you that provision, where you can just pay a subscription for once and trade without any brokerage concerns.

In this article, we have compiled a list of 5 stockbrokers that provide you with unlimited trading plans. Along with the plans, we have listed out the positives and negatives of using the corresponding stockbrokers.

Trade Smart Online

Trade Smart Online is a Mumbai based stockbroker and it is one of those stockbrokers that has pivoted towards discount broking looking at the trend of the industry.

Account opening charges are as follows:

• Demat Account – ₹200
• Trading Account – ₹200

Here is the Zero Brokerage Unlimited Trading plan from Trade Smart Online:

 

Other brokerage plans offered:

• ₹15 per executed order
• Value plan with 0.07% for delivery and 0.007% for intra-day trades

Use this Trade Smart Online Brokerage Calculator for the complete understanding of the charges and Your Profit.

Concerns with Trade Smart Online

• No Portfolio management services
• No provision to invest in IPOs and Mutual funds.

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Trade Plus Online

Trade Plus Online has seen multiple business model changes since its inception in the year 1995 with NSE and finally settled as discount brokers as recent as 2014.

Account opening charges are as follows:

• Demat Account – Free
• Trading Account – ₹199

Here are the details on the Zero Brokerage Unlimited Trading plan by Trade Plus Online:

 

Use this Trade Plus Online Brokerage Calculator for the complete understanding of the charges and Your Profit.

Few concerns with TradePlus Online:

• Trade and call facility is average in quality
• Average trading platforms

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SAS Online

SAS Online currently serves around 10,000 clients across 700 cities in India with its inception as recent as April 2013. As of now, they are trying to find their feet within the stockbroking space and by providing unlimited trading plans, they are majorly targeting medium to heavy scale traders.

Account opening charges are as follows:

• Demat Account – ₹200
• Trading Account – ₹200

Here are the details on the Zero Brokerage Unlimited Trading plan by SAS Online:

• MCX ₹999 per month –   With this plan, unlimited trading in commodities is allowed at ₹999 per month.
• Equity ₹999 per month – Trade across NSE Cash, BSE Cash and NSE F&O at ₹999 per month.
• Currency ₹499 per month – Trade in currency derivatives at ₹499 per month

Use this SAS Online Brokerage Calculator for the complete understanding of the charges and Your Profit.

Concerns with SAS Online:

• Offers one of the worst mobile trading apps in India
• Relatively high transaction charges
• Clients cannot invest in IPOs, Fixed deposits, Mutual Funds

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My Value Trade

My Value trade is known for one of the lowest brokerage stock brokers in India with the brokerage as low as ₹10 per executed order as the flat brokerage plan.

Account opening charges are as follows:

• Demat Account – ₹555
• Trading Account – Free

Here are the details on the Zero Brokerage Unlimited Trading plan by My Value Trade:

My Value Trade charges a total of INR 1000 as a fixed brokerage cost for 1 month for unlimited trade across all segments. The stockbroking company also offers a plan of INR 10,000 instead of INR 12,000 if a customer is looking for a 1-year plan.

Use this My Value Trade Brokerage Calculator for the complete understanding of the charges and Your Profit.

Concerns about My Value Trade:

• No provision to invest in IPOs
• Average performing trading platforms

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F6 Online (Expelled)

F6 Online is a recently established discount stockbroker with the backing of F6 Finserve Private Limited and F6 Commodities Private Limited. Even though its a discount stock broker, it has a presence in 6 major cities of India including Delhi/NCR, Mumbai, Bangalore, Ahmedabad, Kolkata and Bhubaneswar.

Account opening charges are as follows:

• Demat Account – Free
• Trading Account – Free

Here are the details on the Zero Brokerage Unlimited Trading plan by My Value Trade:

Concerns with F6 Online:

• Investment in IPOs or mutual funds not possible
• Average customer service

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There are other stockbrokers as well that offer unlimited trading plans, as listed below:

• Alice Blue Online
• DPL Online
• Prostocks
• Wisdom Capital
• Zeroshulk
• RK Global

However, these are average stockbrokers in their performance be it, trading platforms, customer service and so on.

In case you are looking to open an account with a stockbroker as per your preferences, you can provide your details here: