If you are thinking about investments in shares and other financial instruments in India then you need to think about a brokerage house as well. And when this word brokerage comes into your mind, you think let not waste the money, don’t you? Or at least you start thinking more about the brokerage and less about how to and where to invest. This is a common phenomenon and every newbie in the market and even the pro traders find ways every day to cut the brokerage expenses and to make more profit on their investments. If you are investing for the first time or thinking about taking your first leap in the market then you need to find a good and reasonable brokerage house for sure so that your hard-earned money is not wasted in paying brokerage and annual maintenance charges which are more than your profits sometimes.
The concept of discount brokerage house came holding the hand of Zerodha in India. Here is an insight of their trading and brokerage fees –
There is no brokerage on equity delivery segment in Zerodha. Invest any amount for any time period and you don’t have to pay a single penny as brokerage.
Then for all other segments like intra day in equities, equity futures, equity options, currency futures, currency options, commodities, there is a flat fee of INT 20 per trade or 0.01% of the trading amount whichever is lower of the two for the particular will be charged as brokerage.
This is why Zerodha is one of the cheapest brokerage houses in India as it charges a flat fee of only INR 20 on each trade or just 0.01%. The other benefits of this brokerage house are that there is no concept of minimum brokerage and this idea was also initiated by this brokerage house in the country again. Then there is a referral program of this brokerage house where you can earn and save brokerage again. There are various other benefits like trailing stop loss for the institutional traders or bracket orders etc. It is hundreds of branches in the country so, if you are looking for a brokerage house where you can save maximum brokerage then you must choose Zerodha.
It is one of the leading discount brokers in India with 1% total turnover on NSE. Its loyal client base has made it one of the top brokers in India within few years of its incorporation. This brokerage house made mobile trading famous in India with Omnisys NEST OMS on the mobile trading platform; it made the trading easier on the mobile. The other trading platforms of Upstox are also well advanced in terms of technology and ease of trading.
- The brokerage plan of Upstox is quite simple and mostly like Zerodha.
- It is INR 20 or 0.01% of the amount of the order executed on whichever is the lower basis.
- It is for all the segments that are equity intra-day, futures, options, currency futures, options as well as for the commodity futures.
- For equity delivery, there is no brokerage.
Coming to the benefits of Upstox, the first and the third point of the above-mentioned points are checked. There is no trading platform fee and there is no annual maintenance fee on the trading account but there are a trading account opening fees of INR 150. The annual maintenance fees on the De-mat account is also INR 150 which has to be paid yearly on the beginning. The other benefits include the iOS and the android trading platforms which are super fast and have technical analysis charts and other various features with which you can trade on the go. These trading platforms whether on phone or computer or on any other device are available free of cost. Being a discount broker in the market, it has all kinds of facilities to make your trading smooth and profitable, it has bracket orders, cover orders, after market orders everything, so you are not loosing on anything even when the brokerage is one of the cheapest in the market. This is not the end; you get various indicators, charts, and graphs for predicting markets for better trading profits.