Good brokers other than Zerodha?

58°
Budding Star
bobby_123

Good evening everyone…
Can you please suggest good brokers other than Zerodha?
I primarily am dealing in fno, and use pledged instruments (basically gsecs, and some shares) for trading in fno…
I have a relatively small account, and the fact that I have to sell lots first and then only I’m able to buy lots for hedging is killing me in brokerage…
The thing that can be done in under 100 rs brokerage, is being done in multiple times this amount…
I like Z a lot, but this is just killing me.
Can someone please suggest where I should shift to?
I need pledging of gsecs and shares, basket orders for fno and good order executions.
Thank you…

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Deal Subedar Deal Subedar
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Check Finvasia or Fyers or prostocks and find if it works for you

Deal Cadet Deal Cadet
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i think you are just doing it wrong if fno brokerage is bothering you.

edit: just saw your other posts which mentions how much you profit. I take back what i said. You are doing it right

Post Emperor Post Emperor
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Groww

Budding Star Budding Star
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what are grow charges ?
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Deal Cadet Deal Cadet
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Upstox:

  • Charges:
    • Flat fee per trade: ₹20 for Equity, ₹20 for Futures, and ₹20 for Options (both buy & sell).
    • Subscription-based plans for unlimited trading: Starting from ₹249 per month.
  • Potential Disadvantages:
    • Customer service may be slower compared to full-service brokers.
    • Platform interface may not be as comprehensive as some other brokers.

5paisa:

  • Charges:
    • Flat fee per trade: ₹20 per executed order for Equity, F&O, Currency, and Commodity.
    • Subscription plans for unlimited trading: Starting from ₹499 per month.
  • Potential Disadvantages:
    • Occasional issues reported with the platform's user interface and customer service.
    • May lack some advanced features compared to full-service brokers.

Angel Broking:

  • Charges:
    • Brokerage charges may vary based on the plan chosen and trade volume, usually a percentage of trade value for F&O.
    • Typically ranges from 0.16% to 0.40% of the turnover for Equity Futures and Options.
  • Potential Disadvantages:
    • Brokerage fees may be relatively higher compared to discount brokers.
    • Lacks certain advanced research tools and features offered by full-service brokers.

ICICI Direct:

  • Charges:
    • Percentage of trade value as brokerage fees, typically ranges from 0.05% to 0.55% for Futures and Options.
    • Account maintenance charges: ₹700 per annum for retail clients.
  • Potential Disadvantages:
    • Generally higher brokerage fees compared to discount brokers like Zerodha.
    • Requires a higher minimum deposit or account balance compared to discount brokers.

Sharekhan:

  • Charges:
    • Percentage of the trade value as brokerage fees, typically ranging from 0.1% to 0.5% for Futures and Options.
    • Account maintenance charges: ₹400 per annum for Classic account.
  • Potential Disadvantages:
    • Brokerage fees may be higher compared to discount brokers.
    • May lack certain advanced trading features offered by discount brokers.

Consider these exact fees along with the potential disadvantages and your trading requirements and preferences to make an informed decision on choosing the right broker for your needs.

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