Brokerage comparison of online discount brokers in India

By | November 16, 2015
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Today online discount brokers have totally revolutionized the trading arena.  If you’re a trader you will very well understand that a large part of your profits go into paying brokerages. When you pursue day-trading as a part-time or full-time business, the most important part to increase your profitability is having low brokerages. And if you are into derivatives (futures and options) then brokerages eat up large pie of your profits. If you’re a high volume trader you must have your trading account with any of the discount brokers with low brokerage plans across the segments in which you trade.

Having low brokerages also mean your trades will break-even more quickly, reducing the risk and increasing the profit margin.

Most of the discount brokerage firms offer free trading account and free Demat account for first year. You can check for any offers from their websites. Almost all the brokers have facility of desktop as well as mobile based trading platform.

In this article we will discuss few of the brokerage firms that provide lowest brokerages in India.

SAS Online

 SASonlineogo1

Brokerage pricing: Rs. 9 per Executed Order.

SAS Online is one of the popular discount brokers in India offering the cheapest brokerage. Irrespective of the trade size (quantity of shares or number of lots in derivatives) you pay a flat fee of Rs. 9 per executed order across all segments like equity, commodity or currency.

Website:  http://sasonline.in/

Zerodha

zerodhalogo1

Brokerage pricing: Flat Rs.20 per executed order.

Same for intraday/delivery equity, F&O, currency, and commodity on NSE, BSE, MCX-SX, MCX.

Zerodha has fast become the most sought after discount brokerage house in India. It was amongst the first to launch the pay per trade brokerage pricing plan in India. It claims to have more than 60000 clients and a daily turnover of Rs. 6000 Crores.

Website:  https://zerodha.com/

 

SAMCO:

samcologo1

Brokerage pricing:  Flat Rs. 20 per Executed Order.

Same Brokerage Applicable to all segments – Cash, Derivatives, Currency Derivatives and Commodities.

SAMCO has a good trading platform. Its mobile trading platform is also good amongst the discount brokers in India with live tick by tick stock quotes.

Website:  https://www.samco.in/

 

My value Trade

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Brokerage pricing:  Rs. 10 per Executed Order.

Website:  http://www.myvaluetrade.com/

 

RKSV

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Brokerage pricing:  Rs. 20 per Executed Order.

Free Trading: 5 free trades each month, for life.

Website: http://rksv.in/

 

RK Global

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Brokerage pricing:  Rs.999/month unlimited for high volume traders

Rs. 9 per Executed Order.

Website:  http://www.rkglobal.net/

 

Tradejini

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Brokerage pricing:  Rs. 20 per Executed Order.

Website: http://www.tradejini.com/

 

CompositeEdge

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Brokerage pricing:  Rs. 18 per executed order for first 1000 orders

Rs. 15 per executed order thereafter.

Website: http://www.compositedge.com/

 

tradesmartonline

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Brokerage pricing:  Rs. 15 per Executed Order.

0.007% for low volume traders.

Rs.1999/month unlimited for high volume traders

Website: http://tradesmartonline.in/

 

Achiieversequities

Achiieversequitylogo1

Brokerage pricing:  Rs.50/- will be charged per day for each segment Equity(Cash and F&O), Currency(NSE CDS), and Commodity (MCX)

Rs.750/month unlimited for high volume traders

Rs. 15 per Executed Order.

Website: https://www.achiieversequitiesltd.com/

 (* Logos and Trademarks belong to the respective owners)

Following table shows comparison of top discount brokers in India based on the brokerage plan offerings:

 

brokeragecomparison3

brokeragecomparison4

 

If you are a trader or an investor do share your trading experiences, complaints, feedbacks on any of these brokerage firms in the comment box below. If we have missed any of the discount brokers do mention about it.

 

 

Options Trading for beginners

 

10 thoughts on “Brokerage comparison of online discount brokers in India

  1. Champ Trader

    Brokerage is very important part of trading. Every trader needs to thoroughly understand the brokerage structures provided by their broker before starting their trading activity.
    I myself have switched some 3-4 brokers for the want of low brokerage. Low brokerage is not the only point that one should look for while selecting a broker. Ease of operating the trading plaform, web and mobile interface, time lags, charting analysis are also equally important.
    After experimenting with lot of brokerages I have finally settled for Zerodha. And very happy with it.

    Appreciate the detailed information provided here on various brokerages and their services.

    Reply
  2. Vs rao

    Really helpful for beginners. It deals with very essential part of investing and saves much valuable time of one who seriously thinks of investing or trading
    Thanks

    Reply
  3. Junaid

    2016 chart to compare best online brokerage firms in India on pricing, investments, trading tools, beginner support, research amenities, and customer service.

    Thanks for it!

    Reply
  4. RMAU

    These days, online discount brokers have become pretty universal in their acceptance — they’re convenient, their fees are lower, and you can get your information instantly. But for some people, being able to walk into a real office and talk to a real person is a big deal. If that’s the case for you, then a traditional “brick-and-mortar” or full-service broker might be worth looking at.

    Reply
  5. Vivek K

    Very helpful article. I was searching for good online brokers. The list helped me to zero it on one of the cheapest brokerage firms in India..

    Reply
  6. Rahul Dongre

    Wow! Excellent post. The kind of post I was looking for from quite some time. Researching on which is the best brokerage in India to open a trading account takes considerable time.
    The comparison table is very helpful. Just a look at it ans you can very well make a decision which brokerage firm to go for.

    Thanks buddy.

    Reply

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