List of brokers which charge Zero Brokerage in stocks

Zero brokerage trading has become an important component of the Indian stock market, transitioning from an exclusive offering to an expected standard. 

The introduction of trading services that provide zero brokerage is revolutionising the established norms, making investors seek out more affordable alternatives. This has completely changed the way in which trades and investments are done.

In this blog, we provide a comprehensive analysis of zero brokerage stock trading platforms, examining their costs, unique features, and suitability for different kinds of investors.

Why lower costs matter

To begin with, it is important to first look at the reason why having low costs makes all the difference. The problem with the old style of broking was that the investors were required to pay a commission on each transaction, and over time, this made an impact on their profits.

This is where the concept of zero-brokerage comes into play, as there will be no delivery cost involved; hence, the only expenses that will remain are the statutory costs. These factors allow more money to be reinvested and provide a better opportunity for the compounding process to occur.

Knowing the entire structure of the cost, including the transaction fee and account fee, is important in comparison. Investors searching for the best stock broker in India usually look for platforms that are cost-efficient, seamless, and convenient.  

Zero Brokerage Brokers

Bearing all this in mind, here is our list of brokers who do not charge any brokerage on stocks.

1. Dhan

Dhan identifies itself as a tech-powered discount broker, merging low-cost stock trade deals with sophisticated technologies. It does not charge any commission for delivery of equity trades and has zero commissions for account opening, AMC, and trading terminals, making it a broker with one of the lowest brokerage charges. For intraday and derivative trade services, Dhan imposes a maximum charge of either ₹20 or 0.03%, whichever is lower.

Features that set this trading platform apart include TradingView support, powerful charts, and integrated research tools that ensure easy analysis and trading from one platform. Dhan provides alerts (up to 2,500 live alerts), many watch list groups to keep track of up to 10,000 stocks, and advanced orders like Super Orders (entry point, target price, and stop loss all in one) and many other intelligent orders to make trading more efficient.

Overall, Dhan boasts affordable pricing and exposure to diverse financial instruments, making it suitable for both novice and seasoned traders.

2. Zerodha

Zerodha is another well-known stockbroker which offers free equity delivery transactions, which means you have to pay Rs. 0 for buying and selling delivery stocks. However, in case of other categories like intraday trading, futures, forex, and commodities, Zerodha levies a flat rate of Rs. 20 or 0.03% per transaction, whichever is lower, whereas option transactions incur a flat Rs. 20 charge per transaction.

The brokerage’s convenient mobile app, named Kite, enables placing orders and tracking the market seamlessly. Smallcase investing, along with its Mutual Funds feature, enables users to create their own diversified portfolio. 

With automated notifications for all market activities, the broker ensures you never miss out on important market developments.

3. Upstox

Upstox is another leading online trading platform providing zero brokerage on equity delivery trades, thus being economical for long-term investors. For intraday trading, futures trading, options trading, currency trading, and commodities trading, Upstox levies a transaction fee of either ₹20 or 0.05% per trade, whichever is lower.

The mobile application on the trading platform makes it possible to monitor the markets in real time, make an order instantly, have various kinds of assets at hand, and integrate APIs to develop algorithms.

Furthermore, the Smallcase and mutual fund investments facilitate diversification of portfolios while automatic alerts keep users informed about market dynamics.

By using simple pricing and user-friendly tools, Upstox ensures a perfect combination of speed, convenience, and affordability, thus catering to efficient investors.

4. Groww

There is zero brokerage for equity delivery transactions on Groww, meaning that investors can buy and retain equities without paying any brokerage fees. The company's low brokerage rates are supplemented with other attributes that promote efficient investments. 

Investors can track their stocks and mutual fund investments through a single interface at no additional cost. Groww allows stock system investments (SIPs), enabling investors to invest money automatically in a specific equity or exchange-traded fund (ETF).

In case of intraday trading and equity delivery on Groww, the commission is levied based on the lower amount of either ₹20 or 0.1%, whichever is lesser per order. Other trading costs remain minimal. Various other features like portfolio management, beginner’s guide, etc., help in analysing and making profitable investment decisions while taking advantage of the no-cost delivery trade facility provided by Groww.

5. Angel One

Angel One waives the broker fees for equity delivery transactions only until the total amount reaches ₹500 threshold after opening the demat account. For any transaction above the threshold value, broker fees for equity delivery and equity intraday trading are ₹20 or 0.1%, whichever is lower, and ₹20 for higher futures and options.

There are multiple investment tools available on Angel One, where investors can register for IPO applications, trade ETFs, mutual funds, and equities from one platform and gain access to research documents and market information for informed decisions. The SmartAPI feature on the platform enables professional traders and programmers to develop trading algorithms and scripts.

For those who prefer manual trading, Angel One provides a variety of orders and alerts, allowing you to monitor your investments and react accordingly. 

Conclusion

By now, you should be able to grasp how zero-brokerage platforms facilitate cost savings and smoother trade execution.  The trick here is to choose a platform that suits your needs, watch out for all the fees charged – statutory included, and take advantage of tools such as alerts and dashboard functionality. Start small and gradually increase your investments to ensure that you are in full control of your trading experience.