In India there are several stock market brokers, however, not all brokers are worth your time and money. After trading with various brokers and spending most of my investment in brokerage, I have narrowed down a list of brokers which you can rely for stock market trading.
Image Courtesy: NSE India
However, to your surprise, the list of India’s best stock market brokers is not long but comprises only three names. The reason? Well, they not just offer you cheap brokerage but also good services.
Let us now check the brokerage of these best brokers in India one by one
1. Trade Smart Online of Mumbai
Website – www.vnsfin.com
The brokerage rate of VNSFin.com is here as under:
Delivery Rate – 0.007% x 2 (i.e. for both sides + ST)
Intraday Rate – 0.007% x 2 (i.e. for both sides + ST)
Delivery Rate – Rs. 15.00 fix per trade x 2 (i.e. for both sides + ST)
Intraday Rate – Rs. 15 fix for any trading amount x 2 (i.e. for both sides + ST)
Rs. 1899 fix for 1 month + ST for any trade (incl. Buy and Sell) for both, Intraday and Delivery
SAS Online of Delhi
Website – www.sasonline.in
Delivery – Rs. 9.00 or 0.1% for each Trade whichever is lower x 2 (i.e. for both sides + ST)
Intraday – Rs. 9.00 or 0.1% for each trade whichever is lower x 2 (i.e. for both sides + ST)
Rs. 999 + ST fix per month for any trade and any amount (incl. Buy and Sell) for both, Intraday or Delivery
Zerodha of Bangalore
Website – www.zerodha.com
Rs. 10 per Lakh x 2 (i.e. for both sides + ST) for both Intraday and Delivery.
Rs. 20 (fix amount) for each trade x 2 (i.e. both sides + ST)
Please note, for Intraday, A Trader has to pay additional charges of STT and other taxes which is @Rs 36 per Lakh on sale amount. However, the same is not applicable on buy amount.
Note: If you trade with VNSFin, you can trade directly on the NSE app as it provides you with a Member ID. But, with Zerodha and SAS, you have to trade on their respective websites or on www.now-online.in
Now enjoy cheap brokerage. Happy Trading!
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