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Can you imagine trading at zero brokerage cost if you only pay a fixed monthly fee? The answer is undoubtedly no but in today’s time, it is possible as there are some brokers who charge you absolutely no brokerage fees for trading in any segment by simply charging a fixed fee on a monthly basis. Here we present you the top brokers that offer you zero brokerage unlimited trading plans in India.
Brokerage fees are a key concern for any trader because higher brokerage costs minimize the ultimate trading profit. In such a landscape, unlimited trading plans or fixed monthly brokerage plans are a real boon for day traders. As the name suggests, the unlimited trading plans allow traders to place an unlimited number of trades across segments without any brokerage fees. You don’t have to pay brokerage for each trade executed.
Read more about unlimited fixed monthly brokerage plans including a full review of how it works, best brokers with zero brokerage trading accounts, pros and cons, and more.
Fixed monthly brokerage plans are trading plans that come with a fixed flat monthly fee regardless of the number of times you trade across segments. Thus, the brokerage will always remain fixed and you can place an unlimited number of trading orders in that particular month at zero cost. The unlimited zero brokerage trading plan does not charge you an upfront brokerage fee on each executed trade.
Let’s understand how a monthly unlimited trading plan works with an example. Suppose a broker has two plans; a flat Rs 20 brokerage plan and a fixed monthly plan of Rs 499/per month for trading in equities and equity derivatives. Now calculate the cost of brokerage for each scenario.
Note: Unlimited brokerage plans charge you zero brokerage but other charges such as STT, exchange transaction charges, stamp duty, and GST still will be there.
Whether you are an equity intraday trader or F&O trader, unlimited monthly trading plans are available for all segments (Equity, commodities, and currencies). However, the brokers may offer different plans for different segments.
For instance, Prostocks has separate unlimited monthly brokerage plans for equity and equity derivatives trading as well as currency trading segments on NSE and BSE. Another discount broking house, SAS Online has different monthly plans for every segment such as equity, currency, and commodity (MCX) trading. Trade Plus has a Flat Pro plan for derivative traders to place any number or volume of trades in any segment at a fixed monthly fee.
Now, the question is who are the best brokers offering zero brokerage unlimited trading plans in India? Here is a complete list of the top stock brokers that has the best monthly plans for you. The list of popular brokers with monthly trading plans includes both full-service brokers and discount brokers. You can consider these brokers to open zero brokerage trading and demat account.
| Broker | Segment | Monthly Fee | Exchange | Request Call back |
|---|---|---|---|---|
| Prostocks Monthly Plan | Equity Cash and F&O Currency F&O |
₹899/month ₹499/month |
NSE or BSE NSE or BSE |
Open Account |
| SAS Online Monthly Plan | Equity Cash and F&O Currency F&O Commodity F&O |
₹999/month ₹499/month ₹1,999/month |
NSE and BSE NSE and BSE MCX |
Open Account |
| Tradeplus Flat Pro Monthly Plan | Equity Futures Equity Options Currency F&O Commodity F&O |
₹499/month |
NSE and BSE NSE and BSE NSE and BSE MCX |
Open Account |
| Kotak Securities Trade Free Plan | Intraday trades in equity, F&O, currencies, and commodities Carry forward F&O, commodity, and currency trades are charged at Rs 20 flat feeBrokerage on equity delivery trading is 0.25%. |
₹Rs 499 (one-time) fee | NSE, BSE, and MCX | Open Account |
Choosing a monthly unlimited trading plan brings you the following benefits or advantages;
Zero brokerage unlimited trading plan is an ideal choice for the following type of traders and/or investors;
The zero brokerage unlimited trading plan is the best-suited plan for frequent traders to save huge on monthly brokerage costs. It provides unlimited trading opportunities to intraday traders to make profits from small price movements without worrying to cover the brokerage payment.
An unlimited trading plan does not offer you good margins so before opening an account, ensure to check all the aspects carefully and select the right broker with the right plan that matches your profile. Top discount stock brokers like Zerodha, Upstox, 5paisa, etc. do not offer unlimited monthly trading plans.
However, if you are an occasional trader then never opt for monthly brokerage plans, instead, it is recommended to trade at a flat brokerage fee.
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Investors/traders may choose the Unlimited Trading Plans option for many reasons:
The pricing model that works for one type of investor may not work for another. It is also possible that a pricing model that suits one broker may not suit another. Selecting a perfect online discount broker depends on the type of trader you are. i.e. - active trader, high-volume trader or penny stock trader, short term investor or long term investor.
Active traders make many trades throughout the day. They attempt to profit from the daily price fluctuation of a particular stock. Usually Active Traders don't hold the securities for the long term.
As the frequency of trade is much higher, active trader always looks for low brokerage online trading account. Active trader prefer strong & reliable trading platform, lowest brokerage charges for online trading. Most brokers are providing online trading platform with cutting edge technologies. In such case only competition is in lowest brokerage. Discount brokers in India are providing low brokerage trading account in two ways -
For Active trader, "zero brokerage unlimited trading plan" is the best. Where they need to pay fixed monthly brokerage and get unlimited trading.
You can check the best brokers in India to provide monthly plans in this article-Top 5 brokers by monthly plans in India
Long Term Investor invests and hold equity over an extended period of time to create wealth in the long run. In long term holding you need not to pay lofty short-term capital gains taxes.
For Long Term Investor zero brokerage trading is best. Brokers like Zerodha, Upstox, Fyers offers Zero Delivery Brokerage. They can hold the script for long term or can BTST to get overnight price movement.
The Client needs to pay GST on brokerage. With an unlimited plan, you need to pay GST on the amount you get charged as brokerage. I.e. If you have Rs 899 per month plan, you need to pay GST on Rs 899.
As of July-2017, you need to pay 18% GST on your brokerage.
When you join an unlimited trading plan in any day of the month, you need to pay full fees of the plan. After that 1 paisa brokerage (which is negligible) amount. There is no prorated brokerage concept in unlimited trading plans.
No, the broker charge brokerage only when you do trading. So in case of any given calendar month, if you have not done any trading, you don't have to pay monthly brokerage charges.
With growing competition, there is no contract with any plan and no termination fee. Users can switch the plan as per their convenience. But still, you have to check with the broker you choose.
No, Zerodha doesn't have unlimited trading plans. Zerodha support free delivery base trading. Please refer article on Zerodha's trading plans
In fixed monthly plan, brokers receive a fixed payment. Fix price brokerage revenues are predictable and timely and thus are less risky.
Let's take a scenario of buffet restaurants, where you eat unlimited by paying a fixed price. You can eat as much food as you like at no extra charge. Restaurant owners may be able to do so by volume business model which reduce the cost. Thus, in a flat rate context, increasing consumption decreases the per unit price.
Same way discount brokers also performing. By increasing volume and cutting down costs. By offering online trading from centralize location is the key to offer low rates to end clients.
ProStocks offers monthly zero brokerage plans per exchange. Thus, if you want to trade on both the NSE and BSE, you have to take two plans for each stock exchange.
Zero brokerage unlimited monthly plans by ProStocks remain active on a calendar month basis till the last date of a month. The broker charges a fixed monthly fee from traders; however, if there is no trade executed in a month, the brokerage levied will be zero.
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