Know the Best Stock Market Brokers in India

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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.

stock-market-brokers-india-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. Tradeplus 

Website – https://tradeplusonline.com/

With Tradeplus, traders can trade at an unlimited trading plan with zero brokerage or low brokerage equity trading:

Plan 1 – Low Brokerage Equity Trading

For Intraday – 0.01% x 2 (i.e. for both sides + ST)
For Delivery – 0.1% x 2 (i.e. for both sides + ST)

Traders get Intraday leverage of up to 33 times and Delivery Leverage of up to 4 times.

Plan 2 – Infinite Equity Options

In Rs. 99 per month, traders can trade with unlimited options trading with an Intraday leverage of 2x on selling.

Plan 3 – Infinite Commodity Options

In Rs. 99 per month, traders can trade with unlimited MCX options trading with an Intraday leverage of 2x on selling.

Plan 4 – Infinite Equity Futures

In Rs. 799 per month, traders can trade with unlimited Futures options trading with an Intraday leverage of 2x on Futures.

Plan 5 – Infinite Commodity Futures

In Rs. 99 per month, traders can trade with unlimited Futures options trading with an Intraday leverage of 2x on all metals and energy.

Plan 6 – Infinite Currency F&O

In Rs. 99 per month, traders can trade with unlimited Futures options trading with an Intraday leverage of 2x on futures.

Two of the most important features of Tradeplus is that there is absolutely no ceiling on Turnover and that, it has the advantage of unlimited Trading at zero brokerage. Also, the monthly fee is refundable if there is no trade in the given month. With Tradeplus, you get DP based margin. The value of stock in your DP Account with the broker will add on to your base capital. 

Besides, the referral program helps you earn 100% of the monthly subscription fees paid by your friend for Currency, Commodity and Options trading and 50% of the subscription fee paid for trading in Futures.

Opening an account with Tradeplus is very easy and submitting your KYC details only takes two minutes as it is one of the very few brokers in India to have launched Digital KYC (D-KYC). Through this unique module you can submit your KYC details in just 2 minutes and complete the account opening formalities in 15 minutes. KYC is fetched from Aadhaar website and eSigned through E-Mudhra. Alternatively, you can call 1800-425-75757 for all your account opening and other queries.

2. Trade Smart Online of Mumbai

Website – www.vnsfin.com

The brokerage rate of VNSFin.com is here as under:

Plan I

Delivery Rate – 0.007% x 2 (i.e. for both sides + ST)

Intraday Rate – 0.007% x 2 (i.e. for both sides + ST)

Plan II

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)

Plan III

Rs. 1899 fix for 1 month + ST for any trade (incl. Buy and Sell) for both, Intraday and Delivery

3. SAS Online of Delhi

Website – www.sasonline.in

Plan I

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)

Plan II

Rs. 999 + ST fix per month for any trade and any amount (incl. Buy and Sell) for both, Intraday or Delivery

4. Zerodha of Bangalore

Website – www.zerodha.com

Plan I

Rs. 10 per Lakh x 2 (i.e. for both sides + ST) for both Intraday and Delivery.

Plan II

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!

Do Not Miss Reading:

How and When to Enter Intraday at Correction and Reversal

Know How and When to Enter and Exit Intraday Trading

How to Start Trading in Stock Market ~ Beginner’s Guide

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About RN Verma 13 Articles
The author is practicing sustainable farming by using modern technologies and theories. Professionally, he is a graduate Civil Engineer (B.Tech from Benaras Hindu University) with expertise in estimating, tendering, and quantity surveying. He has also worked for the government (center & state) as well as private organizations in the past.