Flat fee stockbroker

Traditionally share trading brokerage charges or fees is charged on percentage of value of the trade i. ICICI Direct charges 0. These brokers are also known as ' full-service brokers ' or ' traditional brokers '. There are few challenges with these brokers as they are expensive, the brokerage with them goes high with the size of trade, client has to do lot of calculations to find out the cost of the share and a minimum brokerage charged i.

ICICIDirect charges minimum Rs 25 per trader makes the trading in penny stocks almost impossible. With the technology used in trading has changed significantly in recent years and online trading become a norm, a new category of brokers known as ' Flat Fee Stock Brokers ' or ' Discount Brokers ' has flourished and took away a major chunk of trading volume from the traditional brokers in last few years.

Flat fee stock trading is a much simplified and cheaper option available to traders today. The flat fee share dealing is already become very popular in developed countries company's like E-Trade, Sharebuilder, Fidelity, Charles Schwab, and TD Ameritrade and finally making its way in to India's Stock and Commodity Trading market.

Flat Fee Stock Trading brokers also known as discount brokers charges a fixed amount i. Rs 20 or Rs 25 per trade irrespective to the size of the trade. The trader pays fixed price brokerage, say Rs 20, for trade of Rs or Rs 1,00, When you buy share of XYZ Ltd at Rs 0. When you buy share of ABC Ltd at Rs per share, the brokerage charged by Fixed Price Broker will still be Rs 20; while the traditional broker will charge Rs at the rate of 0.

The above example clearly show that the brokerage charged in flat fee share dealing is significantly low and simple. There are multiple advantages of moving to a Flat Fee Stock Trading Broker. Some of them are discussed as below:. Online account statements, trade conformations, bills, payments etc are available for free. But additional services like call and trade, paper statements etc are charged extra. This is quite similar to the traditional brokers who also have additional charges for add-on services.

The flat-fee brokers also may not provide all the investment options a full-service broker may provide. For example Zerodha doesn't provide option to invest in IPO's. In person visits to branch offices is not possible with almost all discount brokers. As said earlier, to reduce the cost, they keep limited number of branches in metro cities only.

Customer service of the flat fee brokers may not be as good as other big traditional brokers. Very few discount brokers provide customer services on late evening or on Saturdays and Sundays.

The flat fee stock trading brokers are same as traditional brokers. They are registered with SEBI and multiple stock exchanges. They provide trading facility in almost all popular stock and commodity exchanges in India including BSE, NSE, MCX etc. They also provide services across all the segments of equity and commodity trading including Intraday Cash, Delivery Cash, Futures and Options Trading.

Trading with discount brokers is as safe as trading with any other rational broker as they are registered with or govern by the same bodies SEBI and Stock Exchanges. They are discount brokers who run on volume based business model. Their main objective is to increase the volume of trades and thus make more money. Also their operational cost is very low as they provide no-frill broker services.

They leverage technology to keep the cost low. They do not spend money on managing branches in every city and team of researchers who provides daily recommendations. Their spending on advertizing is also less as they work on referral model to promote their services.

By keep the cost low and trade volume high, they can make more money than traditional brokers. The simplicity in the business model makes them very attractive to the traders. Each investor is unique and has different requirements. Following are few key parameters which can help a trader in choosing a broker:. You should carefully look at the fixed price brokerage as well as additional services charges of each of the brokers.

Do not make your decision only on the fixed brokerage amount. Zerodha charges Rs 20 per trade and ProStocks charges Rs 15 per trade. Unlike tradition full-service brokers, the discount brokers do not provide wide range of investment options i. You should carefully look at the investment options available.

Zeordha doesn't provide share trading at BSE, option to invest in IPOs and Mobile trading platform. It is important to know the timings of customer service representatives availability on phone or online though chat.

Before you open the account, make sure to ask for a demo of the trading platform you will be using. It is important to check if your computer is compatible and your internet connection is good enough.

The interface, usability and security of the online trading account and trading software's should be check before opening the account. ProStocksa Sunlight Broking LLP venture is a Mumbai based online stock broker offering flat-rate stock broking services. ProStocks is fastest growing stock broker in India.

Brokerage plans offered by ProStocks are as below:. Click here to know more about ProStocks. A Bangalore based Flat Fee Share Trading Broker who charges Rs 20 per trader.

Zerodha was the first company to introduce this brokerage model in India in June Click here to know more about Zeordha. RKSV is a Mumbai based popular discount broker. RKSV offers both unlimited trading plans and flat fee stockbroker Rs 20 per trade brokerage plan across segments at NSE, BSE and MCX. RKSV's Dream Plan offers trading at flat Rs 20 flat irrespective to the size of the trade or number of lots in a trade, with the first 5 trades free, each month, for life.

Click here to know more about RKSV Securities. Choosing the right broker mainly depend on your investing patterns and need for services and advice.

The trader should consider multiple options before choosing the broker. While Flat Fee Share Brokers are cheaper options, they may not provide research, recommendations and the level of personal services is forex trading easier than stocks you may exchange rate inr to uae dirham getting from your traditional broker.

Learn a proven trading method from the best in this two-week program Find out more. Rs 0 account opening fee Rs waived Request Demo. Switch to RKSV and earn brokerage credit of Rs Get RKSV Trading Account. Compare Brokers Articles Complaints Compare Side-by-Side About Brokers. ICICI Direct HDFC Sec ProStocks India Infoline Kotak Sec Sharekhan Axis Direct Ventura SBI Capital Zerodha Karvy Trade Smart SASOnline Aditya Birla Motilal Oswal Upstox Bajaj Capital Nirmal Bang IDBI Capital Angel Broking Indiabulls Reliance Sec Religare Geojit Anand Rathi Edelweiss More RK Global Standard Char.

Wisdom Capital Procon Capital Tradejini Bonanza MyValueTrade Achiievers. Choose Broker 1 Achiievers Equities Ltd Aditya Ce este stock options plan Money Ltd Anand Rathi Angel Broking Axis Securities Bonanza Portfolio Ltd Edelweiss Broking Ltd Geojit BNP Paribas HDFC Securities Ltd ICICI Securities Pvt Ltd. IDBI Capital India Infoline Limited Indiabulls Ventures Limited Just Trade Securities Limited Karvy Stock Broking Ltd Kotak Securities Ltd MyValueTrade Networth Stock Broking Ltd Nirmal Bang Securities Pvt Ltd ProStocks Reliance Securities Limited Religare RKSV Securities Ltd SAS Online SBICAP Securities Ltd Sharekhan SMC Global Limited Trade Smart Online Tradejini Financial Services Pvt Ltd Upstox Ventura Securities Ltd Wisdom Capital Zerodha.

Choose Broker 2 Achiievers Equities Ltd Aditya Birla Money Ltd Anand Rathi Angel Broking Axis Securities Bonanza Portfolio Ltd Edelweiss Broking Ltd Geojit BNP Paribas HDFC Securities Ltd ICICI Securities Pvt Ltd. One of our associates will contact you shortly. We can help you find the right broker for your trading needs. Phone Email City State Select State Andaman and Nicobar Islands Andhra Pradesh Arunachal Pradesh Assam Bihar Chhattisgarh Dadra and Nagar Haveli Daman and Diu Delhi Goa Gujarat Haryana Himachal Pradesh Jammu and Kashmir Jharkhand Karnataka Kerala Lakshadweep Madhya Pradesh Maharashtra Manipur Meghalaya Mizoram Nagaland Odisha Puducherry Punjab Rajasthan Sikkim Tamil Nadu Telangana Tripura Uttarakhand Uttar Pradesh West Bengal Are you a day trader?

Purse money us open golf Comment Post New Flat fee stockbroker. The investment shall be only in shares only, no mutual funds no banks, Which is the best broker to deal with. SAS online based in Delhi has presently zero Account opening chargeszero AMC charges forever, and zero demat charges forever, if referred through this website. Yes, they have amc and demat amc lifetime free.

I find them prompt and helpful in solving my queries through email and on phone. I am tried demo of Nest Software and I find it okay for my purpose of delivery based trade and occasional options trade or day trade. They also told me they are developing there own software for all platforms. When I do not know. Generally people need, windows and Mac based softwares plus android, windows and ipad based tablet softwares and again android, windows and iphone based phone softwares. So they can be in touch with the market even when they are on the move.

I have been in the market for 25 years before it went online. In last 15 years I was with 5paisa. Of the 7 I tested and used, I lived with Indiabulls the longest becathey had a great software powerbulls. IIFL was outright useless and mired in problems from to when I closed it.

Nirmal Bung never knew I exist, period. Geojit is slow and steady but has great software, platinum and now Selfie. Of the seven HDFCsec and ICIC direct were outright frauds.

The first had promised great software when there was none as they had just startedso I closed it in 15 days with Rs lost. The ICICidirect made some of my shares disappear and after lot of fight reappear. They may be good for people who have very very very deep pockets. Angel has its own problems as they can not solve simple problems in ODIN the trading terminal. They do not bother to reply of they can not solve the problem. I am closing that too.

So only geogit remains. At least they have transparency in everything. Now, I and my wife are in talks with SAS online an mytrade. Most probably I will go with Frankfurt stock market listings. Zerondha are not much interested in dialogue with me. Can anyone suggest which is the best and cheapest broker for NRI''s giving the best service.

Mobile app is not very good but you can trade. CAN I SWITCH TO OTHER FINANCIAL SERVICES WITH LOWER RATES along WITH ALL MY SHARES AND MUTUAL FUNDS TO NEW ACCOUNT AND FINANCIAL SERVICES LIKE RSPK etc.

Please suggest me the cheapest brokerage plan for intraday trading. Dear investors, Please suggest me the cheapest and safe brokerage plan to invest in share market. I have account with icicidirect and I have lost my lots of money becaof their high brokerage charges by icicidirect. I already have one demat account with sbi and I want to open another one, with which I can trade in penny stocks can you please provide me some good broker firms for it.

Does anyone have experience of Indiabulls Securities? If you have please share.

Smart Investing Means Using Flat Fee Trades - oxicivaru.web.fc2.com

I want to open account as It is the only broking hoin india giving linux terminal. They are offering me 0. Please share your experience. I am using SAS online account from March Icici destroying my capital.

I am looking for zerodha. HAS ANYONE TRIED SAS ONLINE? DO THEY PROVIDE MARGIN TRADE IN DELIVERY BASED EQUITY TRADING? I TRIED ALL like rk bezel geojit out of all SAS ONLINE IS THE BEST.

Recently they have started commodities trading also with unlimited plan of just only or flat 9 per trade Earlier i used to spend lot amouny on brokerage now iam one of the happiest person. Becaboth provide 3-in-1 account but that''s the attractive trap they to attract investors. Do you think there is a sense of having dp and banking in same place than seperate. Also don''t think these ICICI or HDFc will serve to make profit at all. People will help you to choose. But in other brokers is just fixed rupees.

Hearty wishes For your Investments. Please advice me which is best cheapest share broker with good costumer service which is best either sos or rksv th1nk u. Never go for it. When it comes to Services. I have heard Just Trade Securities is doing well.

In fact their Research is pretty good. Hi I just need to open an account. Plz tell me which brokers will be the best ICICI direct is bull crap. Its very expensive and cust service is worst.

Tools are great but very costly. THEY WILL BLOCK YOU MONEY AND THEN CUT YOUR CALLS AND NOT REPLY TO EMAILS AND YOUR MONEY WILL BE STUCK! How much custmor Sas online have currently.? And from how many year it is in operation.? Yeah guys, you should post about SAS ONLINE? DILIP RASHMI Did anyone of you spoke with any representative of SAS Online? I have spoken to Anubha one of their representative. I am planning to visit their office as it''s only in Delhi itself.

If any of you guys wanna talk to them personally let me know and we could all go together, their office is in Mayur Vihar somewhere I think. What about SAS online????? Dont take geojit Its hopeless slowly eat your capital. The mgt keeps the media happy and loots customer money. I would like know about birlamoney,geogit,religare and its brokerage charges and who is cheapest brokerage provider. I agree with Chintan.

Also there is always a technical problem at peak hours becaof this I had lost a lot of money. If you are frequent trader, Go with RKSV with freedom plan otherwise go with zerodha. This is my advice and experience. COM becarecently i have made a penny stock trade on icicidirect. First Page Previous Page 1 Next Page Last Page. More articles in this category List of all Articles. NRI Trading Account Charges, Questions, Guide - India Stock Market Sharekhan acquired by BNP Paribas, France Securities Transaction Tax STT in India - Explained The top 10 reasons to trade with ProStocks Prop Trading by Stock Brokers in India - A risky proposition Minimum Brokerage Per Contract Note Explained with Real Example Is your broker charging higher Exchange Transaction Charge, illegally?

Trade Smart Online Vs Zerodha Angel Broking Vs 5paisa SASOnline Vs Trade Smart Online Geojit Vs Sharekhan. By Popular Stock Brokers. ProStocks Flat Fee Broker. Top 5 Discount Brokers ProStocks Zerodha RKSV Trade Smart Online SAS Online.

Top 5 Full-Service Brokers ICICIDirect Sharekhan HDFC Securities Reliance Securities Kotak Securities. Top 5 Brokers by Clients ICICI Securities Ltd HDFC Securities Ltd Sharekhan Ltd India Infoline Ltd Kotak Securities Ltd.

Stock Brokers in your City Mumbai New Delhi Chennai Kolkata Ahmedabad. ProStocks, Flat Fee Broker.

A stockbroker earns a commission by a flat fee for each transaction as well as a fee per share. On a particular transaction, the stockbroker sold 5, shares t () | Wyzant Resources

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