5 Companies Offering Zero Brokerage Trading in Delivery Segment
Have you heard about brokers providing free or zero brokerage trading accounts for delivery trading? Well, this might sound surprising at first, but with the advancement in technology and the growing competition, zero brokerage delivery trading accounts are now a reality.
The Indian stock market industry consists of a thriving population of traders and investors. To cater their needs, brokers are coming up with lucrative offers to attract as many investors as possible to maximize their profits. With the growing number of brokers in the country, the competition amongst brokers is also growing. Gone are the days when free demat account was enough for attracting investors. As a result, discount brokers are now offering free trading or zero brokerage delivery trading accounts for investors.
The trades where the shares are bought for longer period ranging from few days to years is known as delivery trading. It is just the opposite of intraday or BTST trading, where shares are bought and sold within a span of a day or two. The free equity delivery trading is offered on equity delivery, equity cash and carry segments.
Let us take a look at some of the brokers providing free equity delivery trading accounts to investors and find the perfect one for your needs.
Companies offer Zero Brokerage Trading
Zerodha
Zerodha has completely transformed the Indian stock broking industry. Zerodha bought the concept of discount broking in India immediately after its incorporation in 2010. Zerodha charges its clients only for intraday trades and offer zero brokerage model on equity delivery trades.
After Zerodha, many brokers have come up with the concept of discount broking and offered similar plans as Zerodha to further heat up the competition. Zerodha has the highest number of active clients in India.
Upstox
Upstox was incorporated as RSKV securities and works on a similar plan as Zerodha. Upstox is the second largest discount broker in India and provides free equity delivery trading to its clients. Upstox is backed up by Mr. Ratan Tata and other such renowned business tycoons.
Upstox initially offered a monthly plan where the investor can pay a fixed monthly brokerage and trade unlimited, but this plan was withdrew later. Upstox became the first broker to have 1 lakh demat account holders.
Paytm Money
Paytm has been a renowned name in the Indian financial industry. From banking services to mutual funds and stock broking, Paytm has its presence in almost every financial field. Paytm through its wing Paytm Money offers broking services to its clients, operating on the discount brokerage model.
Paytm offers free demat account along with zero brokerage equity delivery trading. This means that Paytm money does not charge any brokerage from the investors for trading in equities on delivery basis.
Angel Broking
Angel Broking is a very old stockbroker, incorporated in 1987. The broker was a full-service broker but recently switched to the discount brokerage model after facing the heat from the competition. Angel broking has a massive customer base of over 20 lakh customers from 900+ Indian cities.
Angel Broking also offers free equity delivery trading account to its customers. A customer only needs to pay the brokerage as per the model for intraday and BTST trades. There is no brokerage charged on delivery trades.
IIFL Securities
Previously known as Indian Infoline, IIFL securities offers discount brokerage plan known as iserve. This plan entitles the user for free brokerage on equity delivery trades and a fixed charge of Rs 20 per trade on all intraday trades.
The company was incorporated on the year 1995 and is one of the most renowned names in the Indian stock broking industry.
These are some of the free brokerage trading account providers, who are offering free equity delivery trades for their investors. However, delivery trading requires long-term commitments and great market study. An investment advisor can help you in finding out, whether delivery trading will suit your investment profile or not. Market Neuron is a service which helps you in investing in fundamentally sound stocks with a holding period of 8-10 months. Happy Investing!
Author
CapitalVia
Pioneer in Investment Advisor
