Best Trading Platforms in India with Lowest Brokerage Charges

Best Trading Platforms in India with Lowest Brokerage Charges

Trading platforms apply brokerage charges for each share market transaction. A brokerage charge is a commission applied by a stockbroker for placing orders on behalf of traders. When you buy or sell securities in the stock market, the respective stockbroker will apply a brokerage charge. Brokerage charges on an online trading account might vary according to the trade type or volume. Therefore, choosing a reliable trading platform with minimal brokerage charges in India is essential. You don’t want to pay more commission to the stockbroker and minimise your profits. Here are the best trading platforms in India with minimal brokerage charges:

  1. Religare Broking Limited

Religare Broking Limited has been a trusted stockbroker in India since 1984. You can choose the Religare One plan and enjoy minimal brokerage charges. The Fair Deal Plan offered by the company will make you eligible for zero brokerage charges on non-profitable intraday transactions. Options Pro plan reduces the brokerage charge to INR 5 per lot in India. HNI clients or elite investors can choose the Religare Elite plan for more benefits. You can enjoy brokerage charges as low as one paisa with the Religare Elite plan. Besides minimal brokerage charges, Religare Broking Limited also extends a next-gen trading platform with research support. It will help you make informed share market decisions without investing in research and analysis.

  1. Zerodha

Zerodha is a reliable discount broker in India that levies minimal brokerage charges. For executed share market transactions, you will pay INR 20 or 0.01% of the transaction value as a brokerage charge. For delivery trade transactions, zero brokerage charges are applied by Zerodha. For F&O and intraday equity transactions, the brokerage charge will be INR 20 or 0.03% of the total value (whichever is lower). Zerodha is also known to offer multiple trading platforms to cater to the diverse needs of customers. Coin, Console, Sentinel, Kite Mobile, and Kite 3.0 are the trading platforms provided by Zerodha in India.

  1. Samco Securities

Samco Securities is a well-known discount broker in India. You can open an online trading account with Samco Securities at minimal charges. For each executed transaction in the share market, Samco Securities applies a flat INR 20 brokerage charge. Also, it offers a special unified platform that includes your Demat, trading, and mutual funds account.

  1. Upstox

Upstox can help you open a low brokerage trading account in quick succession. Upstox applies a flat brokerage charge of INR 20 or 0.05% of the transaction volume (whichever is lower) for intraday trading. It is the brokerage charge for non-agricultural commodities traded on the Upstox platform. For agricultural commodities, the brokerage charge is INR 20 or 0.01% of the transaction volume (whichever is lower). However, statutory and maintenance charges are applied for using the Upstox trading platform.

  1. SAS Online

SAS Online is a renowned discount broker that has been offering trading services since 1995. You will pay INR 9 or 0.07% of the transaction value as a brokerage charge to SAS Online (whichever is lower). They can help you trade safely in multiple exchanges like BSE, MCX, and NSE.

In a nutshell
Choosing a discount broker is essential to save on your share market transactions. A low brokerage trading account in India can help you maximise your profits/returns. Besides brokerage charges, remember to check the security of the trading platform. Choose a low-brokerage trading account today!

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