FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Zero Brokerage unlimited trading or fixed monthly plans

Rated 4.5/5 by InvestorGain.com team

Zero Brokerage Unlimited Trading Plans in India

Can you imagine trading at zero brokerage cost if you only pay a fixed monthly fee? The answer is undoubtedly no but in today’s time, it is possible as there are some brokers who charge you absolutely no brokerage fees for trading in any segment by simply charging a fixed fee on a monthly basis. Here we present you the top brokers that offer you zero brokerage unlimited trading plans in India.

Brokerage fees are a key concern for any trader because higher brokerage costs minimize the ultimate trading profit. In such a landscape, unlimited trading plans or fixed monthly brokerage plans are a real boon for day traders. As the name suggests, the unlimited trading plans allow traders to place an unlimited number of trades across segments without any brokerage fees. You don’t have to pay brokerage for each trade executed.

Read more about unlimited fixed monthly brokerage plans including a full review of how it works, best brokers with zero brokerage trading accounts, pros and cons, and more.

What is Unlimited Trading Plan or Fixed Monthly Brokerage Plan?

    Fixed monthly brokerage plans are trading plans that come with a fixed flat monthly fee regardless of the number of times you trade across segments. Thus, the brokerage will always remain fixed and you can place an unlimited number of trading orders in that particular month at zero cost. The unlimited zero brokerage trading plan does not charge you an upfront brokerage fee on each executed trade.

How does unlimited zero brokerage trading plan work?

Let’s understand how a monthly unlimited trading plan works with an example. Suppose a broker has two plans; a flat Rs 20 brokerage plan and a fixed monthly plan of Rs 499/per month for trading in equities and equity derivatives. Now calculate the cost of brokerage for each scenario.

  1. Rs 20 Flat Brokerage Plan: Suppose you have placed 50 trading orders in a month. Then, the brokerage cost incurred will be 50 multiplied by Rs 20 brokerage/per executed order, which is Rs 1,000.
  2. Unlimited Trading Plan: If you have subscribed to the Rs 499 fixed monthly plan then irrespective of the trading volume or the number of orders be it 50 or 100, the brokerage will be the same as Rs 499 per month. In this example, you can save up to 50% on the brokerage fee. So, frequent day traders can save a lot of brokerage fees by opting for monthly trading plans with no brokerage.

Note: Unlimited brokerage plans charge you zero brokerage but other charges such as STT, exchange transaction charges, stamp duty, and GST still will be there.

Unlimited Trading Plans: What are the segments available?

    Whether you are an equity intraday trader or F&O trader, unlimited monthly trading plans are available for all segments (Equity, commodities, and currencies). However, the brokers may offer different plans for different segments.

    For instance, Prostocks has separate unlimited monthly brokerage plans for equity and equity derivatives trading as well as currency trading segments on NSE and BSE. Another discount broking house, SAS Online has different monthly plans for every segment such as equity, currency, and commodity (MCX) trading. Trade Plus has a Flat Pro plan for derivative traders to place any number or volume of trades in any segment at a fixed monthly fee.

Best stock brokers offering unlimited trading brokerage plans in India

Now, the question is who are the best brokers offering zero brokerage unlimited trading plans in India? Here is a complete list of the top stock brokers that has the best monthly plans for you. The list of popular brokers with monthly trading plans includes both full-service brokers and discount brokers. You can consider these brokers to open zero brokerage trading and demat account.

Broker Segment Monthly Fee Exchange Request Call back
Prostocks Monthly Plan Equity Cash and F&O
Currency F&O
₹899/month
₹499/month
NSE or BSE
NSE or BSE
Open Account
SAS Online Monthly Plan Equity Cash and F&O
Currency F&O
Commodity F&O
₹999/month
₹499/month
₹1,999/month
NSE and BSE
NSE and BSE
MCX
Open Account
Tradeplus Flat Pro Monthly Plan Equity Futures
Equity Options
Currency F&O
Commodity F&O
₹499/month
NSE and BSE
NSE and BSE
NSE and BSE
MCX
Open Account
Kotak Securities Trade Free Plan Intraday trades in equity, F&O, currencies, and commodities
Carry forward F&O, commodity, and currency trades are charged at Rs 20 flat fee
Brokerage on equity delivery trading is 0.25%.
₹Rs 499 (one-time) fee NSE, BSE, and MCX Open Account

Advantages of Zero Brokerage Unlimited trading plans

Choosing a monthly unlimited trading plan brings you the following benefits or advantages;

  • Brokerage-free trading each executed trade order.
  • Fixed brokerage fee regardless of the number of trade orders.
  • Some brokers also offer you a refund if you do not place any trade orders in a given month.
  • Tax savings as GST is levied on the monthly fee.

Disadvantages of Zero Brokerage Unlimited trading plans

  • If you are a low-volume trader or investor, unlimited trading plans are not suitable.
  • Compared to the other brokerage plans, the low margin is available in unlimited plans.
  • Advanced orders such as bracket orders (BO) and cover orders (CO) are not offered or, if available, are subject to an additional brokerage fee.
  • Brokers offering zero brokerage trading plans may charge fees for other services such as trading platform charges or may have other hidden charges.

Who should opt for zero brokerage trading account?

Zero brokerage unlimited trading plan is an ideal choice for the following type of traders and/or investors;

  • Active traders or frequent traders: Traders who place and execute multiple trades in stocks, derivatives, commodities, and currencies every day must opt for monthly zero brokerage trading plans. This is because frequent traders end up paying high brokerage fees even at a flat pricing model due to the large number of orders they place per month
  • High-volume traders: If you are the one who does high-volume trades must choose the unlimited trading plans because the cost of brokerage fees would be really high in a percentage-based pricing model.
  • Penny stock traders: Traders who frequently trade in penny stocks in multiple segments such as stocks, commodities, and currencies, or have a high volume of trades per month must opt for a zero brokerage trading account.

Summing Up

The zero brokerage unlimited trading plan is the best-suited plan for frequent traders to save huge on monthly brokerage costs. It provides unlimited trading opportunities to intraday traders to make profits from small price movements without worrying to cover the brokerage payment.

An unlimited trading plan does not offer you good margins so before opening an account, ensure to check all the aspects carefully and select the right broker with the right plan that matches your profile. Top discount stock brokers like Zerodha, Upstox, 5paisa, etc. do not offer unlimited monthly trading plans.

However, if you are an occasional trader then never opt for monthly brokerage plans, instead, it is recommended to trade at a flat brokerage fee.

Zerodha Trade@20

Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account

Last updated on 22nd May 2023

FAQs

Investors/traders may choose the Unlimited Trading Plans option for many reasons:

  • Budget lock by paying a fixed monthly fee
  • No limit on the number of trades, orders, or quantities
  • Flexibility to do high-frequency or high-volume trading
  • Low tax since GST is charged on the monthly brokerage.

 

The pricing model that works for one type of investor may not work for another. It is also possible that a pricing model that suits one broker may not suit another. Selecting a perfect online discount broker depends on the type of trader you are. i.e. - active trader, high-volume trader or penny stock trader, short term investor or long term investor.

    Active Trader

    Active traders make many trades throughout the day. They attempt to profit from the daily price fluctuation of a particular stock. Usually Active Traders don't hold the securities for the long term.

    As the frequency of trade is much higher, active trader always looks for low brokerage online trading account. Active trader prefer strong & reliable trading platform, lowest brokerage charges for online trading. Most brokers are providing online trading platform with cutting edge technologies. In such case only competition is in lowest brokerage. Discount brokers in India are providing low brokerage trading account in two ways -

    • Flat fee brokerage
    • Zero brokerage unlimited trading plan.

    For Active trader, "zero brokerage unlimited trading plan" is the best. Where they need to pay fixed monthly brokerage and get unlimited trading.

    You can check the best brokers in India to provide monthly plans in this article-Top 5 brokers by monthly plans in India

    Long Term Investor

    Long Term Investor invests and hold equity over an extended period of time to create wealth in the long run. In long term holding you need not to pay lofty short-term capital gains taxes.

    For Long Term Investor zero brokerage trading is best. Brokers like Zerodha, Upstox, Fyers offers Zero Delivery Brokerage. They can hold the script for long term or can BTST to get overnight price movement.

     

The Client needs to pay GST on brokerage. With an unlimited plan, you need to pay GST on the amount you get charged as brokerage. I.e. If you have Rs 899 per month plan, you need to pay GST on Rs 899.

As of July-2017, you need to pay 18% GST on your brokerage.

 

When you join an unlimited trading plan in any day of the month, you need to pay full fees of the plan. After that 1 paisa brokerage (which is negligible) amount. There is no prorated brokerage concept in unlimited trading plans.

 

No, the broker charge brokerage only when you do trading. So in case of any given calendar month, if you have not done any trading, you don't have to pay monthly brokerage charges.

 

With growing competition, there is no contract with any plan and no termination fee. Users can switch the plan as per their convenience. But still, you have to check with the broker you choose.

 

No, Zerodha doesn't have unlimited trading plans. Zerodha support free delivery base trading. Please refer article on Zerodha's trading plans

 

Yes, but still you have to check with the broker you choose.

 

In fixed monthly plan, brokers receive a fixed payment. Fix price brokerage revenues are predictable and timely and thus are less risky.

Let's take a scenario of buffet restaurants, where you eat unlimited by paying a fixed price. You can eat as much food as you like at no extra charge. Restaurant owners may be able to do so by volume business model which reduce the cost. Thus, in a flat rate context, increasing consumption decreases the per unit price.

Same way discount brokers also performing. By increasing volume and cutting down costs. By offering online trading from centralize location is the key to offer low rates to end clients.

 

ProStocks offers monthly zero brokerage plans per exchange. Thus, if you want to trade on both the NSE and BSE, you have to take two plans for each stock exchange.

Zero brokerage unlimited monthly plans by ProStocks remain active on a calendar month basis till the last date of a month. The broker charges a fixed monthly fee from traders; however, if there is no trade executed in a month, the brokerage levied will be zero.

 


User Reviews

15. shankar reddy Jun 02 2023 08:26:26 AM Reply
friends, my humble suggestion to all traders not to go MASTERSTRUST CAPITAL SERVICES. They are blood suckers. They suck all your funds in various forms of penalities and charges. Even if you complaint to NSE you wont get justice. After investing huge capitals we cant fight with these fellows and waste our time. After shifting to Mstock there were no any penalities. I am happy with Mstock.
14. Suraj Kanojiya Nov 09 2020 12:46:02 PM Reply
go for finvasia
13. Dulal Das Feb 07 2020 10:44:45 AM Reply
Why not Finvasia, they are not charging any brokerage which is a free unlimited plan.
12. venkatesh May 27 2017 04:56:14 PM Reply
Hi, Those who do day trading with more orders daily, it is best to go with unlimited Trading plan and do not go with per trader of Rs 20 or 15 becasuppose you have done 40 buy + 40 sell and total 80 trades in a day, then the brokarage per trader charge) = 1600 that is in a day and if you have done a Turnover on that day of suppose of 1 crore then the STT/NSE charges are 1800 Rs, so total has become 1800+1600=3400 Rs in a day, which is huge, so better go for unlimited plan and your money. Eventhough for us only 20 RS but when we do more orders it is RS 1600 per day, so better switch to 899/999 plan per month is better.
12.1. VTVR MURTY Mar 21 2018 10:50:36 PM
Sir,

PLEASE PROVIDE the best broker who service on fixed monthly plan.

URGENT

VTV RAMANA MURTY
12.2. R Krishna Mar 22 2018 03:27:55 PM
I can suggest you - Prostocks is best discount broker for unlimited plans. Good Monthly and Yearly plans.
11. Sundar Das Mar 20 2018 11:46:37 PM Reply
Hows is 5 paisa? does he providing unlimited trading plan? Rs 10 plan is attractive but monthly plan is really good where I dont need to worry about any brokerage.
10. Vijay Balan Feb 20 2016 08:56:50 AM Reply
Whats TradePlus hidden charges as no broker can provide rs 99 PM plans?
10.1. Ajay Jan 25 2018 10:36:54 AM
Best brokers for yearly and monthly plans
10.2. Ajay Jan 25 2018 10:37:40 AM
Best brokers for yearly and monthly plans
10.3. Pradeep B Mar 20 2018 11:43:05 PM
Tradeplus 99 Pm charges are just one point, but they are charging high PCM fee. So you need to pay indirect charges. Avoid.
9. Sumit Aug 06 2017 09:42:26 AM Reply
Tradeplus is good or not
8. prateek May 19 2017 03:18:05 AM Reply
i am newbie in market currently am zerodha customer bt i want unlimited trading pack just becaof frequency of trades. so suggest me which one is best bt i compare brokarage calculator of zerodha and prostocks unlimited intraday and i just 2rs on the name of unlimited trade. and in my contract note i see 2.44 for stamp in zerodha and 12.19 in prostock
7. Sudheer May 02 2017 04:36:06 PM Reply
Which of these offers maximum margin amount for intraday trading.?
6. Namrata May 02 2017 10:13:44 AM Reply
"From day 3rdonwards you are going to 1 Paisa) which is negligible as your brokerage till the calendar month end."

From your example, it is not clear 1 paisa will changed (per order/per trade/per 100 rs turnover)???