Last updated on 7th Nov 2019
by Team Top Share Brokers
Monthly Trading Plans, Unlimited Trading Plans or Fixed Plans all are same where by paying monthly fees to brokers, one can trade unlimited without the worry of volume or size of trade in a month. Usually, monthly plans are charged by segments - (Equity - Intraday, delivery, F&O, currency or commodity). For example, pay Rs 899 PM to trade unlimited in Equity, Rs 999 to Trade unlimited on Commodity, Rs 499 to Trade unlimited in Currency. The Monthly Plan charges per month fix fee, depending on a broker to broker.
Please find below "Best Stock Brokers by Monthly Plans in India" or "Top 5 Brokers by Unlimited Trading Plans"
Prostocks, a discount broker in India offers monthly and yearly plans for equity, equity derivative and currency segment. Prostocks monthly plan is fixed at Rs 899 per month for unlimited trading in equity and equity derivatives on one exchange. Similar plan is there for unlimited currency derivatives trading at Rs 499 per month on one exchange.
Yearly plan is fixed at Rs 8999 annually for equities and equity derivatives on an exchange and at Rs 4999 for unlimited currency derivatives trading on an exchange.
SAS Online offers the cheapest monthly plans and is pioneer in the industry.
SAS Online monthly plans are as follows
Tradeplus offers monthly plan segment-vise. There is monthly plan for equity futures, equity options, currency futures and options and commodity futures and options.
Indiabulls Shubh is offering unlimited monthly trading plans for traders. The plans offer trading in respective segment with pre-paid subscription fee with margin funding facility.
To find an answer for this, you need to track your trading history and find out what is your average brokerage per month on each segment as well as what is your future trading plans. If your average monthly brokerage payment is exceeding the monthly trading plan, then it's worth to switch to monthly plans.
By paying a one-time monthly fee, traders can lock their budget towards brokerage. No need to pay GST on your transactions, pay GST once a month. Monthly plans are mostly suitable to
Detailed article on Unlimited Trading Plans.
Unlimited monthly plans come with the big savings in taxes. GST (Goods and Services Tax) is only charged on the monthly fees you pay i.e. GST of 18% on (monthly fee + transaction charges).
Advance order types like CO and BO are usually not included in the unlimited monthly plans since these are high leverage products. Brokers like Prostocks charges additional Rs 15 per executed order for CO. You need to check with your broker before opting for the monthly plan.
It depends from broker to broker. Some brokers only charge if you trade in a particular month otherwise your brokerage is zero while others charge fully irrespective of you trading in a month or not.