Is there a Firm in India that offers Zero Brokerage?
As per SEBI guidelines, for the purpose of trading in the stock market, one needs to open a Demat and trading account with a registered broker. There are typically 3 kinds of brokers in India:
Full-service brokers
Discount brokers
Brokers offering Zero Brokerage
As the name suggests, full-service brokers provide a full spectrum of services including market research, insights, and relationship managers for hand holding etc. But they charge very high brokerage for providing these services.
The next type of brokers are the discount brokers. They do not provide investment advice or relationship managers or branches for trading. Instead, they pass on this saved cost to their customers by way of flat fee irrespective of the trading volume.
The third type of brokers are brokers who charge zero brokerage. You can trade in equity delivery segments for free with m.Stock, which is pioneering the zero brokerage revolution in India.
What is Zero brokerage?
Zero brokerage is when a broker allows customers to place orders without any brokerage fee at all. It is an offshoot of the discount brokerage model. m.Stock is a broker that provides free demat account opening with zero brokerage on equity delivery, mutual funds and IPOs.
Benefits of Zero Brokerage account
Zero Trading Costs:
By deducting the trading brokerage costs, you can improve your profitability. It is ideal for high-volume intraday traders and active investors.
Increases Affordability:
For first-time investors and those with limited capital, trading in the share market becomes more affordable when the cost of brokerage is eliminated.
Boosts active trading:
It motivates active traders to make more trades in order to increase their potential at gaining higher returns. It helps in managing risks and diversifying the portfolio traders.
Transparency in Pricing:
With zero brokerage accounts, you receive transparency and simplicity as there are no hidden charges.
Cost Savings:
By eliminating the brokerage charges, you can end up saving and maximising your profits, especially if you are a frequent trader or investor.
Ideal for beginners:
Beginners who may not have the capital to make large trades or trades in large volumes benefit the most with a zero-brokerage account.
Why you must open a Zero Brokerage account with m.Stock
Zero brokerage
m.Stock charges zero brokerage on equity delivery, mutual funds and IPOs. Alternatively, you can also choose to open a Free demat account at zero cost and pay a flat rate per order on intraday, F&O, currencies and so on.
Zero AMC
m.Stock charges zero AMC.
No hidden charges
There are no hidden brokerage charges when you trade or invest with m.Stock. Trade freely with utmost transparency across equity delivery, mutual funds and IPOs. It helps in keeping your trades transparent.
Unlimited orders
There are no limitations on the number of orders that you can buy or sell. So, even if you place 1 order or 1,000 orders, m.Stock will charge you Zero brokerage. Therefore, you can increase your trade volumes and number of orders as much as you want. Not only this, there is also zero commission on investing in mutual funds.
No subscription fees
Many platforms charge you a subscription fee to avail Pay Later (MTF) & Pledge Shares facility. But with m.Stock, there are no subscription fees. When you eliminate the subscription costs, your real rate of return increases. Calculate your savings with m.Stock MTF calculator.
Free investing & trading
Most brokers do not levy brokerage on delivery trades. Instead, they charge one of the lowest brokerages on intraday and F&O trades. But with m.Stock, you trade across equity delivery, mutual funds and IPOs at zero brokerage. So, place as many orders as you want without worrying about brokerage charges.
High Returns
m.Stocks charges no subscription fees or brokerage, which ultimately yields higher returns for investors as the profit is accumulated without the brokerage charge being deducted.
Brokerage charges might look miniscule in the beginning, but if you trade on a regular basis or if you are a long-term investor, then high brokerages will eat into your profits. The best way to avoid this is to shift to m.Stock free demat account where you can enhance your trading experience and earn better ROI.
Read Also: Advantages of Zero Brokerage Trading
Read Also: What All is Free in Zero Brokerage
Read Also: How Do Zero Broking Charges Really Help Me as an Investor?
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FAQ
Is trading free with m.Stock?
Yes, with m.Stock, you can free trade on equity delivery, mutual funds and IPOs.
Who should trade with a zero brokerage company?
Ideally, everyone should trade with a zero brokerage on delivery as it results in humongous brokerage savings, and there is no gap or mismatch in the services provided.
Is there any order limit on m.Stock?
No. There is no cap on the maximum number of orders. You can purchase or sell as many stocks as you want at zero brokerage with m.Stock.