I tried to research on what are the rates of various brokers in our country and this is the summary of brokerage rates across the top brokers in our country,
Brokerage firm | Equity delivery | Equity intraday | Futures | Options |
---|---|---|---|---|
ZERODHA | Zero | Rs. 20 or 0.03% (whichever is lower) |
Rs. 20 or 0.03% (whichever is lower) |
Rs. 20 per order |
UPSTOX | Rs. 20 or 2.50% (whichever is lower) |
Rs. 20 or 0.05% (whichever is lower) |
Rs. 20 or 0.05% (whichever is lower) |
Rs. 20 per order |
ANGEL BROKING | Zero | Rs. 20 or 0.25% (whichever is lower) |
Rs. 20 or 0.25% (whichever is lower) |
Rs. 20 or 0.25% (whichever is lower) |
ICICI SECURITIES | 0.55% | Neo plan – Rs 20 per order I-secure plan – 0.275% |
Neo – zero I-secure – 0.05% |
Neo – Rs 20 per order I-secure – Rs 95 per lot |
GROWW | Rs. 20 or 0.05% (whichever is lower) |
Rs. 20 or 0.05% (whichever is lower) |
Rs. 20 per order | Rs. 20 per order |
5PAISA | Rs. 20 per order | Rs. 20 per order | Rs. 20 per order | Rs. 20 per order |
HDFC SECURITIES | 0.50% or min Rs.25/- or ceiling of 2.5% on transaction value | 0.05% or min Rs.25/- or ceiling of 2.5% on transaction value | 0.05% or min Rs.25/- or ceiling of 2.5% of transaction value | Higher of 1% of the premium amount or Rs.100 per lot |
KOTAK SECURITIES | Ranging from 0.25% to 0.39% | Ranging from 0 to 0.039% | Ranging from 0 to 0.039% | Ranging from 0 to Rs. 39 per lot |
SHAREKHAN | 0.50% or 10 paise per share or Rs 16 per scrip whichever is higher | 0.10% (only on the buy side) | 0.10% (only on the first leg and 0.10% more if squared off on any other day) | 2.50% or Rs 250 per lot on the premium (whichever is higher) |
MOTILAL OSWAL | 0.50% | 0.05% | 0.05% | Rs 100 per lot |
I hope that this information is helpful to tradingqna community. please add any points if I missed something
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Just to add, on equity delivery, there is GST of 18% on top of brokerage.
So while Zerodha remains zero, brokerage in ICICI direct almost reaches 0.65% with GST.
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kotak has trade free plan
Brokerage Free Plan | Zero Brokerage Charges for Intraday | Kotak Securities
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HDFC Securities now charges no interest on derivative margin, and 20 per order – With 199 yearly plan.
https://www.hdfcsec.com/derivative-plan
Is this a new development?
Finvasia has zero brokerage across all segments and has zero account opening fee and AMC
Can Finvasia be trusted? How is the execution speed during intraday on expiry days?
Yes can be trusted. Never had an execution problem with them. Their backoffice however is no where near zerodha, Fyers etc
Zerodha seems to be best in terms of simplicity, kite app, online interface, low fees, basket orders, reports, back office support etc etc. fyers comes second for online interface… although not a big fan of their mobile app.
Only issue with Zerodha is open interest restrictions on strike range for buying far otm options as a hedge and margin benefit… although selling first and buying far otm later solves the issue if you have sufficient margins in the first place.
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Am actually hearing pretty good things about FYERS from my active trader friends. There is a slight getting used to their interface if we are moving from Zerodha though.
@nithin
please start a subscription-based brokerage plan for heavy derivative traders