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In the stock market, Zero Brokerage Trading Account is a buzzword you may have heard about. In traditional times, a zero brokerage trading account was just a dream for everyone, but discount brokers have made it possible. The entry of discount brokers into the Indian brokerage space has significantly disrupted the market into a new business model with Free Trading Accounts at zero brokerage and flat brokerage charges. If you are new to the market, read our in-depth article to check out the top 10 zero brokerage trading accounts in India .
Traditionally, all full-service brokers charge a certain percentage of brokerage whenever you trade. Higher trade value means greater the amount of brokerage you charged or vice-versa. Later, discount brokers stepped in with a completely new flat discount brokerage model that charges a fixed fee from customers irrespective of the trade value. Few discount brokers even started offering free or zero brokerage delivery trading while charging a flat brokerage on intraday, and F&O trades. The zero brokerage trading was like a dream come true for customers as they can now invest in shares for free or nil charges, and saves more money. In that sense, a zero brokerage trading account means online trading in the equity delivery segment at nil charges, and therefore, different from a zero brokerage plan that charges Rs. 0 brokerage on all segments. The concept is now so popular among traders & investors and the reason behind the growing popularity of discount brokerage houses.
Zerodha, Angel One, and Fyers are a few of the stock brokerage firms that offer zero brokerage trading account services. Prostocks is another popular brokerage firm that charges nil brokerage on investment in shares and Rs. 15 flat brokerage in other segments.
Opening a trading account with India's leading discount brokers like Zerodha, ProStocks, etc. who have a flat brokerage pricing model and offer free delivery trading serves the following advantages;
Let's check out a list of top shortlisted brokers to open zero brokerage trading account in India .
| Broker | Equity Delivery |
Brokerage (Maximum per order) |
Review | Request Callback |
|---|---|---|---|---|
| Zerodha | Free | Rs 20 |  | Open Account  |
| ProStocks | Free | Rs 15 | | Open Account |
| Paytm Money | 2.5% or Rs 15 whichever is lower | Rs 15 | | Open Account |
| Fyers | Free | Rs 20 | | Open Account |
| Angel One | Free | Rs 20 | | Open Account |
Zerodha is the most famous and popular discount broker for zero brokerage trading in the equity delivery segment and charges Max Rs. 20 brokerage in other segments. The broker has an excellent Kite mobile app and web based online trading platform. Prostocks and Angel One are the other recommended brokers to open zero brokerage account in India. Delivery trading at NIL fees helps traders to save a lot on brokerage front by offering low-cost trading services.
As per financial experts, the broker's revenue mostly comes from intraday and derivative traders. Brokers do not generate huge income from delivery trading. Delivery based trading is very less, also to invest in delivery trading, the investor needs to pay 100% amount in cash. For brokers who are providing zero brokerage trading, the main source of income for them is interest on your money which is left unused in your account, as well as some brokers also do prop trading from the fund which is left out in their account.
Answer to this question is yes. Brokers like Zerodha, Prostocks, Angel Broking are 100% reliable brokers. They are regulated by SEBI and are registered members of NSE, BSE, MCX.
There are no hidden charges with a broker like Zerodha, Angel broking, Prostocks, etc. Other charges like transaction charges, STT, SEBI turnover fees, GST, stamp duty, demat charges are extra from brokerage and you need to pay as per the broker's policy. There are no other charges charged by broker like minimum brokerage or any hidden charges.
Zerodha online discount brokerage firm offers the cheapest trading plan by offering zero brokerage delivery trading and trading in other segments at a flat Rs. 20 per order brokerage. Angel One is another top brokerage firm that offers exactly same brokerage plan. Prostocks is another top discount broker that offers nil brokerage delivery trading, and charges Rs. 15 flat brokerage on equity intraday, derivatives, commodity, and currency trading.
No, Upstox does not offer zero brokerage online trading services, it charges a lower of Rs. 20 flat fee or 0.05% on the delivery segment. Customers can open Upstox Demat & Trading Account and start online trading across segments at Max Rs. 20 flat brokerage.
If you are looking to open a trading account with the lowest brokerage then you must go with discount brokers. There are a number of discount brokerage firms in India that is offering free delivery trading and charging flat brokerage in other segments.
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