8 Best Demat Account lowest brokerage charges for stock trading

what are brokerage charges

8 Best Demat Account lowest brokerage charges for stock trading

If you are frequent trader or investor who invest several times in a month in equities or derivatives, your brokerage charges might be eating away your profits. In such case, you should look for Best Demat Account lowest brokerage charges for stock trading to maximize your profit. While 3-in-1 demat and trading account offered by top banks charge very high brokerage charges, there are brokers who are offering flat fee lowest brokerage charges. Which are the best brokerage firms offering lowest brokerage charges in equity and derivatives? What are the account opening, AMC and brokerage charges from such brokers?

What are the charges to be paid for trading and demat account account?

Below are the main charges which need to be paid for a demat and trading account.

  • Account opening charges.
  • Annual Maintenance Charges (AMC) per annum.
  • Brokerage charges, which could be a % of value or a flat fee per trade.

Positives of low cost brokerage firms

  • Most of them are offering zero account opening charges.
  • Some of them are offering zero AMC charges.
  • If you are a frequent trader or investor who invests regularly, your profits can zoom as you pay less charges for stock market transactions.

Negatives of low cost brokerage firms

  • For the amount of investment, you need to deposit through cheque. You end-up in spending courier charges. Some brokers are offering online transfer which could be better.
  • Even when you are selling your equity or derivatives, funds transfer to your bank account would take time.
  • Poor customer service.

Best Demat Account lowest brokerage charges for stock trading

1) Zerodha Stock brokerage firm

  • This is one of the top discount broker in India.
  • Zerodha offers Rs 20 per trade of 0.01% whichever is maximum as flat charges.
  • You can invest in BSE / NSE / MCX in equity, commodities and currency derivative segments.
  • Trading Account Opening Charges – Rs 300 (One time)
  • Demat Account Opening Charges – Rs 150 (One time)
  • Trading Annual Maintenance Charges – Rs NIL
  • Demat Annual Maintenance Charges – Rs 400 per year
  • Currently they claim to have 30,000+ customers.

2) RKSV Stock brokerage firm

  • RKSV is one among to launch unlimited brokerage plan.
  • Like Zerodha, it offers a flat fee of Rs 20 per trade.
  • It offers 5 free trades per month for life time. This is a unique feature of RKSV brokerage firm.
  • Good for volume traders.
  • It offers an unlimited brokerage plan for Rs 3,999 per month. Means you can trade any volume

    and just pay Rs 3,999 per month. Good for traders or investors who would invest in derivatives where large volume would be purchased. If you are a frequent trader in derivatives, you can opt for such plans.

  • Trading Account Opening Charges – Rs 350 (One time)
  • Demat Account Opening Charges – Rs 300 (One time)
  • Trading Annual Maintenance Charges – Rs NIL
  • Demat Annual Maintenance Charges – Rs 400 per year

3) Trade Smart Online Stock brokerage firm

  • It offers a flat fee of Rs 15 per trade across equity, derivatives etc.,
  • Trading Account Opening Charges – Rs 200 (One time)
  • Demat Account Opening Charges – Rs 200 (One time)
  • Trading Annual Maintenance Charges – Rs NIL
  • Demat Annual Maintenance Charges – Rs 300 per year

4) SAS Online Stock brokerage firm

  • It offers flat fee of Rs 9 per trade across equity, derivatives etc.,
  • Trading Account Opening Charges – Nil (One time)
  • Demat Account Opening Charges – Nil (One time)
  • Trading Annual Maintenance Charges – NIL
  • Demat Annual Maintenance Charges – Nil

5) My Value Trade

  • It offers a flat fee of Rs 10 per trade across equity, derivatives etc.,
  • It offers an unlimited brokerage plan for Rs 1,000 per month.
  • Account opening charges – Rs 555 (One time)
  • Demat Account Maintenance Charges – Nil

6) Trader Jini

  • It offers flat fee of Rs 20 per trade across equity, derivatives etc.,
  • Account opening charges – Rs 300 (One time)
  • Demat Account Maintenance Charges – Rs 300 per year.

7) Wisdom Capital

  • It offers flat fee of Rs 9 per trade across equity, derivatives etc.,
  • Account opening charges – Nil (One time)
  • Demat Account Maintenance Charges – Rs 700 per year.

8) Achieve Equities Stock brokerage firm

  • It offers flat fee of Rs 15 per trade across equity, derivatives etc.,
  • Account opening charges – Rs 750 (One time)
  • Demat Account Maintenance Charges – Rs 400 per year.

Conclusion : If you are frequent trader or investor who invest frequently, you can consider such low cost brokerage firms where you save brokerage costs. This is one of the best ways to invest and increase profits . You should be little cautious about choosing these firms as you may not have good customer support.

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Suresh

Best Demat Account lowest brokerage charges for stock trading

Source: myinvestmentideas.com

Category: Forex

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