Which Broker is Best and Cheap?

To maximize profits, the Indian stock market’s traders and investors need to minimize brokerage charges. These are commissions that brokers charge for executing trades and are usually expressed as a percentage of the trade value or as a fixed fee per trade.

For instance, such costs have a great impact on profitability especially for day-to-day traders or those with large volumes in hand. Thus, finding a broker who offers low brokerage rates is crucial.

Broker is Best and Cheap

This post will teach you how to pick out these brokers, give you some factors to consider when making your decision and introduce to some of India’s best brokers who charge the lowest possible fees for brokerage services.

Angel One

Angel One (earlier Angel Broking), it is among the leading full-service brokers having above 6.1 million active clients. They offer comprehensive Angel One Trade platform.

Features:

• Various trading segments can be met through several tools like Speed Pro, Trade App and Prime provided by this organization.
• Daily free technical and derivative reports.
• Brokerage services at fixed rate for everyday trading and derivatives also.
• Stock loans as well as corporate bond investments.

Charges	Amount
Account Opening	Free
Annual Maintenance	Free for 1st Year
Equity Delivery	Free
Equity Intraday	Rs. 20 or 0.03% whichever is lower
Call & Trade	Rs.20

Open an account with Angel One– Click here

Upstox

Upstox provides the free Upstox Pro trading platform, backed by Tiger Global and Ratan Tata, for trading stocks, futures, options, and currencies.
Features:

• Advanced charting tools with over 100 indicators.
• Integration with third-party trading platforms (Dartstock, NEST Trader, Fox Trader).
• Free advanced trading platform.
• Mutual fund investments are made through the Upstox MF platform.
• Margin up to 20% for intraday trading (maximum leverage of 5x).

Charges	Amount
Account Opening	Free
Annual Maintenance	Rs.150
Equity Delivery	2.5%
Equity Intraday	0.05%
Call & Trade	Rs.50 + 18% GST

Open an account with Upstox- Click here
Dhan

Dhan is a rising technology-driven brokerage platform with competitive and reasonable pricing.
Features:

• There are no charges for opening or maintaining an account.
• Trading and investing can be done with up to four times leverage.
• Brokerage costs are low and flat-rate.
• Various trading systems for organized commerce.
• Female consumers receive a 50% discount.

Charges	Amount
Account Opening	Free
Annual Maintenance	Free
Equity Delivery	Free
Equity Intraday	0.03%
Call & Trade	Rs.50

5paisa
5paisa is a rapidly rising discount broker that offers affordable financial services through a clear brokerage strategy.
Features:

• All-in-one account for stocks, mutual funds, commodities, currencies, research, and advice.
• Advanced trading platform offering free technical, derivative, and fundamental analysis.
• Free stock tips and research.
• Premium subscription services include portfolio analyzers and monitoring services.

Charges	Amount
Account Opening	Free
Annual Maintenance	Free
Equity Delivery	Rs. 0
Equity Intraday	Rs.20
Call & Trade	Rs. 50

Zerodha
Zerodha is India’s largest brokerage firm, noted for its quickness and dependability. It provides the intuitive Zerodha Kite app, which includes extensive charting capabilities and different order types.
Features:

• Advanced charting capabilities include more than 100 indicators and 30 sketching tools.
• Order types and execution modes include market, limit, stop-loss, bracket, and cover orders.
• The basket order feature allows you to place numerous orders at once.
• A comprehensive console dashboard for portfolio management.
• The ‘Coin’ platform charges no commission for direct mutual fund investments.
  Varsity offers free, interactive learning programs.

Charges	Amount
Account Opening (online)	Rs.200
Annual Maintenance	Rs.300
Equity Delivery	Free
Equity Intraday	0.03%
Call & Trade	Rs.50

Open an account with Zerodha– Click here

Conclusion

When looking for the best and cheapest broker in India, it is important to compare their features with your trading requirements. Angel One is a versatile platform that provides comprehensive tools and free equity delivery.

Upstox is ideal for active traders as it offers advanced charting and integration options. Dhan does not charge account maintenance fees and has a low flat-rate brokerage.

For those seeking comprehensive services at the lowest price, consider 5paisa or Zerodha. Examining their attributes and costs will assist you in identifying the right choice for optimizing your trading returns.

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