Less brokerage and AMC free trading account

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Deal Cadet
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Dear Dimers,

Kindly suggest a good securities company to open trading and demat accounts with less brokerage and AMC free/less.

I am currently with kotak but their AMC charged are 750/year and trade hardly once a year.

Heard about zerodha.

Thanks

22 Comments  |  
16 Dimers
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Zerodha is good. Also heard about invasia which is absolutely free but I would recommend Zerodha.

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sivakumarmca wrote:

upstox

They have only web interface as they do not have application based so I guess there will be slight time delay for updates

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Upstox not good I had some amt in available to trade section now it’s shows zero and is down from morning

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edges wrote:

They have only web interface as they do not have application based so I guess there will be slight time delay for updates

They do have app also. I am using upstox but zerodha is much better.

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I’m using upstox. But I won’t personally recommend it.It crashes a lot in crucial times and orders don’t get executed . Btw if you’re a small trader(holdings less than 50k/whatever i amount i don’t know) then you can open a bsda account with some discount broker. (I’m not pro in this segment but providing info on just what i know).

I think zerodha is better. (Note that word, I think)

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Called up zerodha for opening and asked them for brokerage calculator which the exec promised to send by mail since yesterday…seems they are busy even after calling 4-5 times…ivr informed will get a revert call as they are busy due to shortage of staff

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You can look for finvasia. Brokerage and AMC, both are zero with them.

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edges wrote:

Called up zerodha for opening and asked them for brokerage calculator which the exec promised to send by mail since yesterday…seems they are busy even after calling 4-5 times…ivr informed will get a revert call as they are busy due to shortage of staff

It is available online on their website.

https://zerodha.com/brokerage-calculator#tab-eq...

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Moderator
edges wrote:

Called up zerodha for opening and asked them for brokerage calculator which the exec promised to send by mail since yesterday…seems they are busy even after calling 4-5 times…ivr informed will get a revert call as they are busy due to shortage of staff

MTRIP has given the link of brokerage calculator above. They have recently increased the intraday brokerage to 0.03% (from 0.01% earlier), with flat capping of 20/- per order.

PS: I signed up with them last month.

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Kotak is not bad for unlimited trading plan, if you’re looking for alternative unlimited trading with low charge, finvasia would be a better option.

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which discount broker provides margin for trading and bsda account? i guess zerodha doesn’t provide any margin.

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Unknown wrote:

which discount broker provides margin for trading and bsda account? i guess zerodha doesn’t provide any margin.

Angel

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shriAyodhya wrote:

I am using finvasia it is great

Do they provide demat as well?
And can IPO be applied through them ?

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Sudarshan61 wrote:

Do they provide demat as well?
And can IPO be applied through them ?

Yes they do. Recently new app called Shoonya, it has IPO option, never tried there though. You can check with them in live chat.

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