Stock broker with lowest brokerage in India

There are so many online brokers in India these days and every one of them has their own charges and different brokerage structures which could be different for each individual depending on the volume of trades you do every month or quaterly. Most of them charge you a percentage and a minimum of say 1 paisa if the percentage funda works out to be less then 1 paisa like in case of a company whose stocks are trading at say 5rs a peice they would not charge you a percentage but will charge you their minimum 1 paisa brokerage on both buying and selling and it works out very costly especially these days when the margins are very thin given the choppy markets.

I just though I would share the details of the broker I use these days as they are the cheapest in the Indian market be it day trade or delivery based and even futures and options.

Zerodha is the company that I use and they only charge Rs20 flat rate per trade no matter how big the transaction is. For instance if you want to buy 1000 shares of RIL it would only cost you Rs20 with Zerodha where as another broker who charges you on a percentage model will cost you a lot more.
Here is a little comparision:

Charges for buying 1000 shares of RIL at Rs 830

Another company charging 0.05% : Rs415 for buying Rs415 for selling Total charges Rs830

Zerodha : Rs 20 for buying Rs 20 for selling Total charges Rs40

Plus whatever the stt , service tax and education cess works out at which will be the same in both the cases... there is a huge difference Instead of paying this money to your broker it would come into your pocket.

Think about how much money you could save. I have been using Zerodha for some time now and its been a lot of saving and I can trade on extremely thin margins when I know there isint much play available given the condition of the market we have these days. Its the same for delivery as well just Rs20 per trade and with other brokerage companies you would be paying a lot more then their normal intra day charges.

If I had to rate Zerodha out of 10 I would give them a 10 out of ten.

What about the trading interface provided by Zerodha? I see in some forums that it is buggy as anything. Is it true? Do they provide a software platform or web-based platform?

any unlimited volume options?

looks good reviews in most forums i went thrugh.

Originally Posted by cool_techie_tvm

What about the trading interface provided by Zerodha? I see in some forums that it is buggy as anything. Is it true? Do they provide a software platform or web-based platform?

You can trade using NSE NOW and I don't find it buggy or anything its just fine.

Originally Posted by panchabhut

any unlimited volume options?

You can trade as much as you want and its going to be 20RS per trade so that is unlimited. If you mean unlimited trades for a fix price then no they dont have anything like that. If your trade volumes are high and you trade regularly then I would suggest Bajaj capital as they have a unlimited plan for Rs600 something per month and you can trade as much as you like in cash.

I forgot to add that Zerodha does not give you any margin and all your trades have to be in cash. Same with this 600Rs something plan with bajaj capital they let you trade unlimited in cash.

For small traders like me I find Zerodha more economical then anything else available in the Indian market. Bajaj capital looks promising but then I some times dont trader for months and I dont want to keep paying them their monthly charges even when I am not trading so this Zerodha fits the bill for me

Yes, Rs. 20 per trade applies for FnO as well at Zerodha. It's a blessing for Options traders. I remember more than 60% of my profit used to get eaten by the dumb Motilal Oswal's brokerage. When it was a losing trade, it was like a bullet-shot! Suppose if I ordered 40 lots, Rs. 50 per lot meant Rs. 2000 for buying and Rs. 2000 for selling + tax. Now, Rs. 20 + Rs. 20 + tax. However, as mentioned above, you need cash. :-)

Originally Posted by itsmemad

Yes, Rs. 20 per trade applies for FnO as well at Zerodha. It's a blessing for Options traders. I remember more than 60% of my profit used to get eaten by the dumb Motilal Oswal's brokerage. When it was a losing trade, it was like a bullet-shot! Suppose if I ordered 40 lots, Rs. 50 per lot meant Rs. 2000 for buying and Rs. 2000 for selling + tax. Now, Rs. 20 + Rs. 20 + tax. However, as mentioned above, you need cash. :-)

Hello. so do we need a dmat a/c for using cash deal? you may find my question noobish bt i m in learning process of stock market and how it functions. I really appericiate your help if give some more informaiton regarding its functions

what is STT? what is the method of its calculation?

STT means securities transaction tax.

Thank you so much for sharing information about this company.Reviews are looking good and need to visit once.Actually i am also looking for the best online broker for trading online

But Zerodha charges the clients more indirectly, which most of the clients are not aware. The maximum Nse transaction charges payable by any broker is Rs.1.9 per lakh or Rs.190 per crore of Futures turnover (Nse circular No. NSE\F&A\13029 dated 7-9-2009). But Zerodha is charging the clients at Rs.490/cr. No other broker is charging this much. Also, in Options segment, NSE levies Rs.5000 /cr premium as transaction charges, but Zerodha charges Rs.8000/cr of premium.