8 Best Zero Brokerage Trading Account in India 2024

5paisa YoungVestor is a rare stock brokerage plan that provides zero brokerage across all trading segments. YoungVestor’s plan exclusively caters to individuals aged between 18 and 23.

Other brokerage firms that offer zero brokerage trading accounts come with a monthly subscription fee. Some stock brokers offer zero brokerage charges for equity delivery or intraday trading.

Based on this, I have divided the article into four parts – 

  • Zero brokerage trading account
  • Monthly subscription plans with zero brokerage
  • Free intraday trading with chargeable delivery
  • Free delivery trading with chargeable intraday

Zero Brokerage Trading Account (Free Both Delivery + Intraday)

#1. 5paisa (Youngvestor) 

5paisa (Youngvestor)

5paisa’s Youngvestor plan is designed for individuals aged between 18 and 23. 5paisa’s Youngvestor plan offers zero brokerage charges across all trading segments, including equity delivery and intraday trading.

5paisa provides free account opening & charges zero annual maintenance fee for the Youngvestor plan.

You can invest in Indian stocks, US stocks, mutual funds, loans, ETFs, and bonds.

Charges of 5paisa Youngvestor Trading account –

Account opening feeRs. 0
Annual maintenance chargesRs. 0

Brokerage Charges of 5paisa Youngvestor Plan

Trading SegmentsBrokerage Charges
Equity Delivery ChargesFree
Equity Intraday ChargesFree
Commison on Mutual FundFree

If you are older than 23 years, you need to pay annual maintenance charges & brokerage charges. 

Monthly Subscription Plans with Zero Brokerage Trading Account

#2. Kotak Securities Trade Free Youth Plan

Kotak Securities Trade Free Youth Plan

Kotak Securities Trade Free Youth plan is designed for individuals under 30, offering zero brokerage charges on equity, currency, commodity, delivery, intraday, and F&O trades. 

By waiving brokerage fees, Kotak Securities aims to make investing more accessible and affordable for young investors. 

However, you must pay a nominal subscription fee of Rs. 299 for the first year.

Charges of Kotak Securities Trading account –

Account opening feeRs. 0
Annual maintenance chargesFor BSDA ClientsHolding <50K = No AMCHolding >50K & <2 lakh = Rs. 100 AMC
For Non-BSDA ClientsHolding <10K = No AMCHolding >10K = Rs. 50 per month (Rs. 600 yearly)

Brokerage Charges of Kotak Securities Trade Free Youth plan 

SegmentBrokerage Charges Under Trade Free Youth Plan
Subscription Fee Rs. 299 (1st year)
Equity, Currency, Commodity, Delivery, Intraday, F&ORs. 0 Brokerage for all trades

#3. Prostocks Unlimited Trading Plan 

Prostocks Unlimited Trading Plan

Prostocks offers unlimited trading in specific segments, including equity (delivery and intraday) and equity derivatives, for a monthly fee of Rs. 899. 

The monthly fee for currency futures and options is Rs. 499. ProStocks does not offer trading in commodity F&O. By offering unlimited trading at a fixed monthly cost, Prostocks caters to active traders who frequently engage in high-volume trades. 

ProStocks also offers a free demat account. However, you need to pay Rs. 1000 during the account opening. The fee is refunded at the time of the account closing.

The zero brokerage trading account feature allows you to execute trades without incurring additional charges based on transaction volume. 

Charges of Prostocks Trading account –

Account opening feeRs. 0
Annual maintenance chargesRs. 0 (with Rs. 1000 one time refundable deposit)
Demat annual maintenance chargesRs. 0

Prostocks unlimited trading brokerages are under –

Trading SegmentsUnlimited trading in an exchange for a month
Equity (delivery & intraday) and Equity DerivativesRs. 899 per month
Currency Futures and OptionsRs. 499 per month

#4. SAS Online Trading Plan

SAS Online Trading Plan

SAS Online is the cheapest discount broker that offers unlimited free orders across all trading segments. With a monthly fee of Rs. 999 for the equity plan, Rs. 499 for the currency plan, and Rs. 1999 for the commodity plan, you can execute trades without worrying about brokerage charges. 

This plan suits traders who prefer to trade in multiple segments and engage in more transactions. 

However, you must pay account opening charges of Rs 200 for equity, Rs. 200 for MCX commodity, and Rs 200 for the demat account. You also need to pay the Rs. 200 for AMC charges. 

Monthly subscription fees with zero brokerage charges are – 

Equity PlanRs 999 per month
Currency PlanRs 499 per month
Commodity PlanRs 1999 per month

Charges of SAS Online Trading account –

ParticularsAmount
Trading Account Opening FeeRs 200 for equities
Rs 200 for commodity
Demat Account Opening FeeRs 200
Annual Maintenance Charges (AMC)Rs 200

Free Intraday Trading with Chargeable Delivery

#5. Kotak Securities Trade Free Brokerage Plan

Kotak securities trade free plan

The Kotak Securities Trade Free Brokerage Plan is designed for individuals over 30. Under this plan, you can enjoy zero brokerage charges for intraday trades across various segments, including equity, futures, options, currency, and commodity futures. 

However, for equity delivery trades, Kotak Securities charges a fee of Rs. 20 per executed order or 0.25% of the transaction value, whichever is higher, with a maximum ceiling of 2.5%.

This unique combination of zero brokerage for intraday trades and competitive charges for delivery trades makes the Kotak Securities Trade Free Brokerage Plan compelling for investors seeking a cost-effective and comprehensive trading experience.

Brokerage Charges of Kotak Securities Trade Free Plan

SegmentBrokerage Charges Under Trade Free Plan
Equity DeliveryRs. 20 per executed order or 0.25% of transaction value, whichever is higher, with a ceiling of 2.5%
Equity IntradayRs 0 (free)
Equity FuturesDelivery – Rs. 20 per executed order
Intraday – Free
Equity OptionsDelivery – Rs. 20 per executed order
Intraday – Free
Currency F&ODelivery – Rs. 20 per executed order
Intraday – Free
Commodity F&ODelivery – Rs. 20 per executed order
Intraday – Free

Account opening charges of Kotak Securities Trading account –

Account opening feeRs. 0
Annual maintenance chargesFor BSDA ClientsHolding <50K = No AMCHolding >50K & <2 lakh = Rs. 100 AMC
For Non-BSDA ClientsHolding <10K = No AMCHolding >10K = Rs. 50 per month (Rs. 600 yearly)

Free Delivery Trading with Chargeable Intraday

#6. Zerodha

Zerodha Brokerage Charges

According to our research report of top 20 stock brokers in India, Zerodha is one of India’s largest discount brokerage firms with an active client base of 64+ lakhs.

With Zerodha, you can enjoy zero brokerage charges for equity delivery trades, making it an attractive option for long-term investors. 

For intraday trades and other segments such as equity futures, currency F&O, and commodity F&O, Zerodha charges 0.03% or Rs. 20 per executed order, whichever is lower. 

The zero brokerage feature for delivery trades combined with competitive charges for other segments make Zerodha a popular choice among traders and investors in India.

Zerodha provides multiple platforms to invest in various segments – 

  • Zerodha Kite – Minimalist stock trading platform with a simple and easy-to-use user interface
  • Zerodha Coin – To invest in direct mutual funds and bonds
  • Console – To invest in IPOs and you all trading and investing reports

Brokerage Charges of Zerodha 

SegmentZerodha
Equity Delivery0 (Free)
Equity Intraday0.03% or Rs. 20 per executed order, whichever is lower
Equity Futures0.03% or Rs. 20 per executed order, whichever is lower
Equity OptionsRs. 20 per executed order
Currency F&O0.03% or Rs. 20 per executed order, whichever is lower
Commodity F&O0.03% or Rs. 20 per executed order whichever is lower

Account opening charges of Zerodha 

Account Opening ChargesEquity – Rs. 200Commodity – Rs. 100
Annual Maintenance ChargesRs. 75 per quarter (Rs. 300 annually)

#7. Angel One

Angel One brokerage charges

Angel One offers zero brokerage charges for equity delivery trades, making it an appealing option for long-term investors. However, for intraday trades and other segments such as equity, currency, commodity, F&O, Angel One charges a fixed fee of Rs. 20 per executed order. 

Angel One assigns a dedicated relationship manager (RM) as a full-service broker to assist you with advisory tips and support. With the Angel One mobile app, you can utilize 40 technical chart indicators for technical analysis and implement various trading strategies.

Account opening charges of Angel One 

Account opening chargesRs 0 (Free)
Annual maintenance chargesFree – For 1st years
Rs 240 – From the second year onwards

Brokerage charges of Angel One  

SegmentsBrokerage Charges
Equity Delivery0 (Free)
Equity IntradayRs. 20 per executed order
Equity FuturesRs. 20 per executed order
Equity OptionsRs. 20 per executed order
Currency FuturesRs. 20 per executed order
Currency OptionsRs. 20 per executed order
Commodity FuturesRs. 20 per executed order
Commodity OptionsRs. 20 per executed order

#8. Prostocks

Prostocks trading plan

Prostocks offers zero brokerage charges on equity delivery trades. However, you have to pay a flat brokerage of Rs. 15 per trade for Intraday and F&O trades. If you want to do intraday trading, I would suggest starting investing with Rs 5000 as an initial investment.

You also get a free Demat account with no annual charges with ProStocks by paying a Rs. 1000 refundable security fee.

If you are interested in long-term stock investing, you can go with the ProStocks Flat fee plan. If you are a trader, you can opt for the Unlimited monthly plan of Rs. 899, which allows you to trade at Zero brokerage across all segments.

Brokerage Charges of Prostocks

SegmentBrokerage Charges
Equity DeliveryFree
Equity Intraday TradingRs. 15 per trade 
Equity F&ORs. 15 per trade 
Currency F&ORs. 15 per trade 
Commodity F&OProStocks does not provide trading in commodity F&O.

Account Opening and Maintenance Charges of Prostocks

Account Opening ChargesFree
Annual Maintenance ChargesFree (Rs. 1000 as refundable security)

Final Words

If you’re between 18 and 23, consider opting for the 5paisa Youngvestor plan.

For free equity Intraday, Kotak Securities is an excellent choice. For value investors, Zerodha is the top option, offering free stock delivery.

About Rajan Dhawan

Rajan has covered personal finance and investing for over 5 years. Previously, he was in the IT field for 8 years after completing his MCA but his deep interest in personal finance led him to become an investing expert. He is passionate about investing, stocks, startups, and cryptos.

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