Apr 09, 2024 Value Broking 6 Mins 1.8K
zero brokerage trading account

A Zero Brokerage Trading Account is a financial arrangement that allows investors to execute trades without incurring additional charges based on transaction volume. In simpler terms, it means that when you buy or sell stocks, commodities, or other financial instruments, you won’t be burdened with brokerage fees. Instead, the brokerage charges are effectively reduced to zero. 

It aims to attract new traders and investors by offering free access to platforms and tools. They allow potential customers to test drive services, building trust and confidence before committing funds.

This article will explore the top and finest zero brokerage accounts in India, their advantages and more.

Table of Contents

  1. List of Zero Brokerage Trading Accounts in India
  2. Advantages of the Zero Brokerage Model
  3. Conclusion

List of Zero Brokerage Trading Accounts in India

India has seen a rise in discount brokers offering zero brokerage trading services in recent years. These platforms have made equity trading more accessible and affordable. The following is the list of some of the top zero brokerage accounts and its brokerage fees:

Zero Brokerage on Equity Delivery

  1. Zerodha

Founded in 2010, Zerodha pioneered discount broking in India with its zero brokerage model on delivery equity trades. With over 50 lakh clients, Zerodha has become India’s largest retail stockbroker.

TypesBrokerage Charges
Equity DeliveryZero Brokerage Charge
Equity Intraday0.03% or Rs. 20/traded order whichever is lower
Equity Futures0.03% or Rs. 20/traded order whichever is lower
Equity OptionsRs 20 per executed order
Currency Futures0.03% or Rs. 20/traded order whichever is lower
Currency OptionsRs 20per executed order
Commodity Futures0.03% or Rs. 20/traded order whichever is lower
Commodity OptionsRs 20/trade

 

  1. Angel One

Angel One, earlier known as Angel Broking, is one of the oldest stockbrokers established in 1987. It has recently started providing discount brokerage services. Their digital-first focus blends 20+ years of investment expertise with digital tools to meet the needs of multiple investor types, from casual traders to seasoned market experts.

TypesBrokerage Charges
Equity DeliveryZero Brokerage Charges
Equity Intraday₹0 brokerage upto ₹500 for first 30 days*Then, lower of ₹20 or 0.03% per executed order
Equity Futures₹0 brokerage upto ₹500 for first 30 days*Then, ₹20 per executed order
Equity Options₹0 brokerage upto ₹500 for first 30 days*Then, ₹20 per executed order
Currency Futures₹0 brokerage upto ₹500 for first 30 days*Then, ₹20 per executed order
Currency Options₹0 brokerage upto ₹500 for first 30 days*Then, ₹20 per executed order
Commodity Futures₹0 brokerage upto ₹500 for first 30 days*Then, ₹20 per executed order
Commodity Options₹0 brokerage upto ₹500 for first 30 days*Then, ₹20 per executed order

 

  1. FYERS

FYERS stands for “Focus Your Energy & Reform the Self,” which indicates the company’s core values. FYERS allows investing in stocks, futures, options and currencies aided by trading education, community support and a collection of smart investment tools. Low pricing, zero account opening and lightning-fast trade execution make them appealing to first-time and active traders alike.

TypesBrokerage Charges
Equity DeliveryZero Brokerage Charge
Equity Intraday0.03% or Rs. 20/traded order whichever is lower
Equity Futures0.03% or Rs. 20/traded order whichever is lower
Equity OptionsRs 20/Trade
Currency Futures0.03% or Rs. 20/traded order whichever is lower
Currency OptionsRs 20/Trade
Commodity Futures0.03% or Rs. 20/traded order whichever is lower
Commodity OptionsRs 20/Trade

Zero Brokerage on Equity Futures

ICICI Direct

ICICI Direct Neo is a discounted brokerage plan offered by ICICI Direct for a price of Rs. 299. It is specifically designed for active traders who frequently trade in futures, options, and intraday equities. Here’s a breakdown of the plan:

TypesBrokerage Charges
Equity DeliveryAs per existing plan
Equity Intraday₹20
Equity Futures₹0 
Equity Options₹20
Currency Futures₹20
Currency Options₹20
Commodity Futures₹20
Commodity Options₹20

Zero Brokerage Across Segments

  1. Kotak Securities

Kotak Securities’ Trade Free Youth plan is a brokerage plan designed specifically for investors under the age of 30. It offers zero brokerage on all trades across all segments for Rs. 299 for first year, this includes intraday, delivery, futures & options, currency, and commodities. This can be a great option for young investors who are just starting out and want to save on costs. 

TypesBrokerage Charges
Equity DeliveryZero Brokerage Charges
Equity IntradayZero Brokerage Charges
Equity FuturesZero Brokerage Charges
Equity OptionsZero Brokerage Charges
Currency FuturesZero Brokerage Charges
Currency OptionsZero Brokerage Charges
Commodity FuturesZero Brokerage Charges
Commodity OptionsZero Brokerage Charges

 

  1. mStock

mStock is an online stock broking and share market trading platform offered by Mirae Asset Capital Markets (India) Pvt Ltd. They cater primarily to the Indian market. Here’s a summary of what they offer in their Zero Brokerage Plan for a one time fee of Rs. 999:

TypesBrokerage Charges
Equity DeliveryZero Brokerage Charges
Equity IntradayZero Brokerage Charges
Equity FuturesZero Brokerage Charges
Equity OptionsZero Brokerage Charges
Currency FuturesZero Brokerage Charges
Currency OptionsZero Brokerage Charges
Commodity FuturesZero Brokerage Charges
Commodity OptionsZero Brokerage Charges

 

  1. Shoonya

Shoonya is a discount broking platform offered by Finvasia, a financial services company based in India. It’s designed for investors who want to trade at low costs and have access to advanced trading tools. Here’s a summary of what they offer:

TypesBrokerage Charges
Equity DeliveryZero Brokerage Charges
Equity IntradayZero Brokerage Charges
Equity FuturesZero Brokerage Charges
Equity OptionsZero Brokerage Charges
Currency FuturesZero Brokerage Charges
Currency OptionsZero Brokerage Charges
Commodity FuturesZero Brokerage Charges
Commodity OptionsZero Brokerage Charges
  1. Flattrade

Flattrade is a discount broking platform based in India that offers zero brokerage on all trades across all segments, including equity intraday, equity delivery, equity futures & options, currency futures & options, and commodity futures & options. This makes it a compelling option for traders who are looking to minimize their trading costs.

TypesBrokerage Charges
Equity DeliveryZero Brokerage Charges
Equity IntradayZero Brokerage Charges
Equity FuturesZero Brokerage Charges
Equity OptionsZero Brokerage Charges
Currency FuturesZero Brokerage Charges
Currency OptionsZero Brokerage Charges
Commodity FuturesZero Brokerage Charges
Commodity OptionsZero Brokerage Charges

Advantages of the Zero Brokerage Model

A zero brokerage account reduces direct costs per trade significantly. This makes frequent trading affordable for small investors. The following are several advantages of the zero brokerage model:

Potential for Higher Trading Volume

Traders may be motivated to trade more actively with no trading fees. All participants are benefitted by higher trading volumes as it can lead to increased liquidity in the markets.

  1. Encourages Long-Term Investing

Investors may opt a long-term, buy-and-hold strategy with no trading costs. This approach matches with long-term investing and can lead to higher returns over time.

  1. Cost Savings

Zero brokerage accounts remove trading fees entirely. You can wisely use the investment capital that would’ve otherwise been utilised as brokerage fee, thus increasing returns. 

  1. Simplified Accounting and Tax Reporting

Record-keeping and tax calculations become simpler with no trading commissions. Traders don’t have to track commission expenses separately. This can save time and reduce potential errors, especially for active traders.

  1. Encourages Diversification

Investors may be more interested to diversify their portfolios across various assets and markets without the trading fees. It can help divide risk and increase overall returns.

Conclusion

Zero brokerage trading accounts offer many advantages such as cost savings and increased trading flexibility. It attracts small investors and boosts market liquidity. It’s important for traders to maintain discipline, manage risk effectively, and not let the absence of trading fees lead to impulsive trading. Traders can enhance their trading experience and improve their overall returns by taking advantage of zero brokerage accounts responsibly.