Lowest Brokerage Charges Options Trading in India
The volume traded on the options trading markets of the NSE is in a stage of constant growth as the foreign and institutional investors considers the Indian stock market as one of the best options due to the growth potential and the past market returns. As of YTD (1-06-17), the Indian benchmark market NSE recorded a 17.91% growth, with a standard deviation of 11.44%. But the options markets are often overlooked by the investors because of high transaction costs incurred while trading options. The margin of earning on day trading the options contract is hurt by the brokerage fees. Most of the options trading in the market are done by top brokerage firms in the country such as ShareKhan, HDFC Securities, and ICICI Securities. But, there are other cheaper option trading companies you can consider. The rankings are made after considering various factors such as account opening costs, Annual Maintenance Cost (AMC), per transaction trading costs, etc.
1. Wisdom Capital :
Wisdom Capital can be considered as the best possible choice to trade options. You can open your account for a free of cost, and it can also be done within 2 minutes. Wisdom Capital charges zero rupees as the brokerage for every trade we make. There is no Annual cost involved as well The company also offers various offers regarding Margin exposure levels. This customer centric approach and the lowest brokerage charges in the NSE options trading policy of wisdom capital makes it no.1 stock broker company on our list. Wisdom capital won the NSDL awards for the best discount rate broker for the years 2010, 2013, 2014 and 2015.
Zerodha was started in 2010 by Nithin Kamath. Zerodha offers one of the lowest brokerage charges in NSE options trading. At Zerodha, you can open your account at the cost of Rupees 200, and the account opening can be done within 2 minutes. Zerodha charges a minimum 01 20 rupees per trade or 0.01% of the total traded amount. As the AMC, Zerodha charges Rs. 400/ account. Zerodha is one of the rapidly growing firms in the market as more than 2.5 lakh people opted for the company in the last 6 years and it is also responsible for a total of 5% transactions in the entire NSE market.
Upstox was first started in 2011. Upstox uses a similar strategy like Zerodha. At Upstox, you can open your trading account at the cost of Rs. 200. Upstox provides the first five trades in a month at a free of cost and then it charges a 20 rupees per every trade you make. Upstox also offers Upstox pro service, where you can avail mobile trading platform with various tools such as technical analysis, option chain, and options strategies, etc. Upstox offers its services at one of the lowest brokerage charges in NSE options trading and the technological tools that supports it.
At Samco, you can open your options trading account just for a cost of Rs. 300. The process is very simple, and it can be done within 2 minutes. Samco charges a minimum of Rs 20 / trade or 0.01% of the total traded amount whichever is lower. As the AMC, you have to pay Rs. 400/ year With over a 24 years of experience in the market, Samco provides one of the best customer services in the market. The also have the support of all the necessary investment decision making technology.
5. SAS Online
SAS is a relatively new firm in this list with just 3+ years of market experience. At SAS online, the account opening charges are just around 400 Rs. The brokerage charges only Rs. 9/ trade. And as the AMC, they charge Rs. 500/ year The brokerage firm promises no hidden costs to the investors. SAS online has made a sizeable investment in the past few years to enrich the user experience.
Tradejini is another Bangalore-based trading company started 4 years before. You can open your options trading account just for a cost of Rs.300 at TradeJini. After a simple and quick process, you can open your trading account by providing all the necessary details in the application. At TradeJini, the brokerage charge per transaction is a minimum of Rs 20 / trade or 0.01% of the total traded value, whichever is lower. The AMC for your account is Rs. 400 every year Tradejini uses the cloud-based platform, and they have one of the finest online trading platforms in the entire market.
7. Trade Smart Online
Trade smart online, provides charges of third lowest brokerage charges in NSE options trading in the list. The brokerage charge per transaction is Rs.15/ trade. As the Annual maintenance cost, you have to pay Rs. 400/ year and additionally you also have to pay Rs. 300 to open your account. With 20+ years of experience under their wing, Trade Smart Online provides one of the finest trading platform and algo trading in the market.
8. TradePlus Online
Tradeplus online specialized in options and commodity trading. At TradePlus Online, you can open your options trading account just for a cost of Rs. 300. And for you can place your orders and trade for just Rs.99/month. As the AMC, you have to pay Rs. 400/ year It’s one of the most experienced company in the market with over 30+ years in the market. It won the NSDL star performer award in 2016. With a wide range of tools and tech at their disposal, Tradeplus online provides one of the premium services in the entire market.
9. My Value trade
My value trade is responsible for Rs.4500 crores daily turnover on the Indian markets. At My Value trade, you can open your options trading account just for a cost of Rs. 300. My Value trade charges Rs.10/ trade. And there is also AMC, you have to pay Rs. 350/ year The brokerage also offers a downloadable software, MVT trader to enrich the trading experience of the customers.
10. 5 Paisa
5 paisa is a premium discount broker, which provides services such as brokerage, mutual funds, and insurance. The trading platform of 5 Paisa is a mobile-first platform, which mainly focuses on trading with the App. At 5 paisa, you can open your options trading account for Rs. 150. 5 paisa charges a minimum of Rs. 10/ trade like My trade value. As the maintenance cost, you have to pay Rs. 400 every year annually. The 5 Paisa’s business model is powered by one of the lowest brokerage charges in NSE options trading and the strong mobile based platform.