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
Table of Contents
Zero Brokerage Trading Account (Free Both Delivery + Intraday)
#1. 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 fee | Rs. 0 |
| Annual maintenance charges | Rs. 0 |
Brokerage Charges of 5paisa Youngvestor Plan
| Trading Segments | Brokerage Charges |
| Equity Delivery Charges | Free |
| Equity Intraday Charges | Free |
| Commison on Mutual Fund | Free |
If you are older than 23 years, you need to pay annual maintenance charges & brokerage charges.
You can also learn – how to earn 1000 rupees daily with zero investment.
Monthly Subscription Plans with Zero Brokerage Trading Account
#2. 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 fee | Rs. 0 |
| Annual maintenance charges | For 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
| Segment | Brokerage Charges Under Trade Free Youth Plan |
| Subscription Fee | Rs. 299 (1st year) |
| Equity, Currency, Commodity, Delivery, Intraday, F&O | Rs. 0 Brokerage for all trades |
#3. 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 fee | Rs. 0 |
| Annual maintenance charges | Rs. 0 (with Rs. 1000 one time refundable deposit) |
| Demat annual maintenance charges | Rs. 0 |
Prostocks unlimited trading brokerages are under –
| Trading Segments | Unlimited trading in an exchange for a month |
| Equity (delivery & intraday) and Equity Derivatives | Rs. 899 per month |
| Currency Futures and Options | Rs. 499 per month |
#4. 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 Plan | Rs 999 per month |
| Currency Plan | Rs 499 per month |
| Commodity Plan | Rs 1999 per month |
Charges of SAS Online Trading account –
| Particulars | Amount |
| Trading Account Opening Fee | Rs 200 for equities Rs 200 for commodity |
| Demat Account Opening Fee | Rs 200 |
| Annual Maintenance Charges (AMC) | Rs 200 |
Free Intraday Trading with Chargeable Delivery
#5. Kotak Securities Trade Free Brokerage 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
| Segment | Brokerage Charges Under Trade Free Plan |
| Equity Delivery | Rs. 20 per executed order or 0.25% of transaction value, whichever is higher, with a ceiling of 2.5% |
| Equity Intraday | Rs 0 (free) |
| Equity Futures | Delivery – Rs. 20 per executed order Intraday – Free |
| Equity Options | Delivery – Rs. 20 per executed order Intraday – Free |
| Currency F&O | Delivery – Rs. 20 per executed order Intraday – Free |
| Commodity F&O | Delivery – Rs. 20 per executed order Intraday – Free |
Account opening charges of Kotak Securities Trading account –
| Account opening fee | Rs. 0 |
| Annual maintenance charges | For 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
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
| Segment | Zerodha |
| Equity Delivery | 0 (Free) |
| Equity Intraday | 0.03% or Rs. 20 per executed order, whichever is lower |
| Equity Futures | 0.03% or Rs. 20 per executed order, whichever is lower |
| Equity Options | Rs. 20 per executed order |
| Currency F&O | 0.03% or Rs. 20 per executed order, whichever is lower |
| Commodity F&O | 0.03% or Rs. 20 per executed order whichever is lower |
Account opening charges of Zerodha
| Account Opening Charges | Equity – Rs. 200Commodity – Rs. 100 |
| Annual Maintenance Charges | Rs. 75 per quarter (Rs. 300 annually) |
#7. Angel One
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 charges | Rs 0 (Free) |
| Annual maintenance charges | Free – For 1st years Rs 240 – From the second year onwards |
Brokerage charges of Angel One
| Segments | Brokerage Charges |
| Equity Delivery | 0 (Free) |
| Equity Intraday | Rs. 20 per executed order |
| Equity Futures | Rs. 20 per executed order |
| Equity Options | Rs. 20 per executed order |
| Currency Futures | Rs. 20 per executed order |
| Currency Options | Rs. 20 per executed order |
| Commodity Futures | Rs. 20 per executed order |
| Commodity Options | Rs. 20 per executed order |
#8. Prostocks
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
| Segment | Brokerage Charges |
| Equity Delivery | Free |
| Equity Intraday Trading | Rs. 15 per trade |
| Equity F&O | Rs. 15 per trade |
| Currency F&O | Rs. 15 per trade |
| Commodity F&O | ProStocks does not provide trading in commodity F&O. |
Account Opening and Maintenance Charges of Prostocks
| Account Opening Charges | Free |
| Annual Maintenance Charges | Free (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.
