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What are the Top Brokers in India with Lowest Transaction and Brokerage Charges?
Which is the Best of the Affordable Brokers in India?
Choosing the right brokerage firm can significantly impact your investment returns. One of the key factors to consider when selecting a broker is the transaction and brokerage charges they impose. Find out about some of the best brokers in India that offer the lowest brokerage and transaction charges across various segments of the market.
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What are the Top Brokers in India with Lowest Transaction and Brokerage Charges?
Here is the list of some of the most affordable brokers in India:
1. ProStocks
ProStocks is one of the most well-known brokers in India, reputed for its cost-effective pricing structure. For equity delivery, it offers commission-free trading, making it an attractive option for long-term investors. In the case of equity intraday, futures, and options trading, ProStocks maintains a flat fee of Rs 15 per order, which is highly competitive.
It is important to note that while its brokerage charges are minimal, ProStocks does have transaction charges, with rates of Rs 335 per crore for equity delivery and intraday, Rs 200 per crore for futures, and Rs 5050 per crore for options.
Additionally, the brokerage per order is a mere Rs 15, further enhancing its affordability among brokers in India for traders and investors alike.
2. Angel One
Angel One offers competitive brokerage rates across various market segments. For equity delivery, it provides free brokerage, making it one of the most attractive brokers in India for long-term investors. In equity intraday trading, the brokerage is 0.03% or a minimum of Rs 20 per trade, whichever is lower, which can be cost-effective for active traders.
Similarly, in the futures and options segments, they charge 0.25% or a minimum of Rs 20, whichever is lower, making it accessible to traders of different profiles.
Transaction charges at Angel One are also reasonable, with Rs 335 per crore for equity delivery and intraday, Rs 200 per crore for futures, and Rs 5050 per crore for options. Moreover, the flat brokerage per order is set at Rs 20, simplifying the cost structure for traders and investors.
Check our Angel One Charges 2023.
3. Zerodha
Zerodha offers a competitive fee structure for traders. In equity delivery, there is no brokerage fee, making it attractive among brokers in India for long-term investors.
For equity intraday and futures trading, it charges 0.03% or Rs 20 per trade, whichever is lower. Options trading incurs a flat fee of Rs 20 per order.
When it comes to transaction charges, Zerodha levies Rs 335 per crore for equity delivery and intraday, Rs 200 per crore for futures, and Rs 5050 per crore for options.
Additionally, the brokerage per order across all segments is Rs 20, providing cost-effective options for traders and investors.
4. Nuvama Wealth
Nuvama Wealth offers a straightforward fee structure for traders, with a flat brokerage rate of Rs. 10 per executed order across all segments, including equity delivery, equity intraday, futures, and options.
In addition to the brokerage charges, it imposes transaction charges, which are competitive in the market: Rs. 335 per crore for equity delivery and intraday, Rs. 200 per crore for futures, and Rs. 5050 per crore for options.
This pricing model provides clarity and affordability for investors, with a minimal brokerage cost of Rs. 10 per order.
5. 5paisa
5paisa offers a straightforward fee structure for traders, with a flat fee of Rs 20 for equity delivery, equity intraday, futures, and options trading. This means that regardless of the trading volume, the brokerage per order remains fixed at Rs 20.
In addition to the brokerage charges, 5paisa imposes transaction charges, including Rs 335 per crore for equity delivery, Rs 335 per crore for equity intraday, Rs 200 per crore for futures, and Rs 5050 per crore for options trading.
This competitive pricing makes 5paisa one of the best brokers in India for those looking for cost-effective trading solutions.
6. Fyers
Fyers offers competitive brokerage rates in various segments. For equity delivery, it provides commission-free trading. In equity intraday and futures trading, its charges are 0.03% or Rs 20 (whichever is lower), and for options trading, it imposes a flat fee of Rs 20 per order.
While its brokerage per order is Rs 20, it is essential to note the associated transaction charges, with equity delivery incurring Rs 335 Per Cr, equity intraday and futures at Rs 335 Per Cr, and options at Rs 5050 Per Cr.
This combination of low brokerage and transaction charges makes Fyers one of the affordable brokers in India for traders seeking cost-effective trading solutions.
7. SAMCO
SAMCO offers competitive brokerage rates across various trading segments. For equity delivery, it charges 0.5% or a flat fee of Rs 20, whichever is lower, ensuring cost-effective long-term investments.
In equity intraday trading, the brokerage is 0.05% or Rs 20, again, whichever is lower. For futures and options trading, SAMCO applies a flat fee of Rs 20, making it one of the straightforward and affordable brokers in India.
Additionally, its transaction charges are competitive, with Rs 335 per crore for equity delivery and intraday, Rs 200 per crore for futures, and Rs 5050 per crore for options. With a fixed brokerage per order at Rs 20, SAMCO provides a cost-efficient platform for traders and investors alike.
8. Paytm Money
Paytm Money offers a flexible brokerage structure with Equity Delivery at 2.5% or a maximum of Rs 20 (whichever is lower), while Equity Intraday is charged at 0.05% or a maximum of Rs 20 (whichever is lower).
Futures trading incurs a fee of 0.02% or a maximum of Rs 20 (whichever is lower), and options trading comes with a flat fee of Rs 20 per order. In addition to brokerage, it has transaction charges, including Rs 335 Per Cr for Equity Delivery, Rs 335 Per Cr for Equity Intraday, Rs 200 Per Cr for Futures, and Rs 5050 Per Cr for Options.
Paytm Money ensures that each order’s brokerage cost is capped at Rs 20, ensuring its spot among the best brokers in India for traders looking for cost-effective trading solutions.
9. Upstox
Upstox offers a tiered brokerage structure, catering to various trading needs. For equity delivery, it charges 2.5% of the transaction value or a maximum of Rs 20 per order, whichever is lower.
In the case of equity intraday and futures trading, the brokerage is 0.05% of the turnover or Rs 20 per trade, again choosing the lower of the two. However, for options trading, Upstox levies a flat fee of Rs 20 per order.
Additionally, it maintains competitive transaction charges, with equity delivery and intraday trading incurring Rs 325 per crore of turnover, futures at Rs 190 per crore, and options trading at Rs 5000 per crore.
One of the most important brokers in India, it ensures that the brokerage per order is capped at Rs 20, making it a cost-effective choice for traders looking for affordability and flexibility in their trading commissions.
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Which is the Best of the Affordable Brokers in India?
Based on the above analysis, ProStocks emerges as the best among the best brokers in India for lowest brokerage and transaction charges across all segments.
For delivery and intraday trading, you only need to consider the brokerage charges, and brokers like Zerodha, ProStocks, Fyers, Paytm Money, and Angel Broking offer Free Delivery trades.
For options trading, ProStocks, 5paisa, Angel Broking, and SAMCO charge the lowest transaction charges. Additionally, ProStocks offers an unlimited monthly plan for active traders at just ₹899 per month, making it a standout choice for frequent traders.
Go through our informative post on Commodity Trading Brokers: 10 Best Ones in India.
Conclusion
So that was all about the best brokers in India. While trying to pick an option, make sure to review each broker’s offerings and select the one that aligns with your investment goals and preferences. Happy investing!
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