- Date : 23/09/2021
- Read: 4 mins
Many intraday traders operate on wafer-thin margins. So, keep an eye on the associated charges so that they don’t eat into your profits.
Start-ups have disrupted almost every industry, and stockbroking is no exception. Start-ups like Zerodha disrupted stockbroking in two major ways. On the one hand, they increased the reach of the stockbroking industry by making it accessible in every corner of the country. On the other, they dramatically reduced the cost of trading by reducing the brokerage charges.
Zerodha trading charges
SEBI allows stockbrokers to charge a maximum brokerage of up to 2.5% of the transaction value. But Zerodha and other digital stock brokers brought down the cost of share trading to a fraction of this. The charges differ for trades in the various market segments such as cash market (intraday and delivery) and derivatives (futures and options).
Let us understand the various charges involved in share trading and how much Zerodha charges for them.
Apart from the above, the following charges are also applicable:
- Account opening charges: Rs. 200 for an online account and Rs. 400 for an offline account
- Account maintenance charges (AMC): The annual maintenance amount is Rs. 300 + GST. The proportionate amount is charged every quarter.
- Depository Participant (DP) charges: Rs. 13.5 + GST per scrip (for example, Reliance Industries) when delivery shares are sold
Zerodha also offers various value-added services that are chargeable separately. Please refer to the Zerodha website for these charges.
ICICI Direct trading charges
ICICI Direct offers various plans to select from. One of the plans offered is ICICI Direct Neo that offers Rs. 0 brokerage.
Related: How to read candlestick charts for informed decisions in intraday trading?
As seen in the above image, ICICI Direct Neo Plan charges Rs. 0 for futures orders. For intraday cash segment orders and options trades, the charges are Rs. 20 per order. The one-time subscription fee for the Neo Plan is Rs. 299 + GST. Statutory charges like STT, exchange transaction charges, stamp charges, SEBI charges are applicable as explained in the Zerodha charges section.
Apart from Neo Plan, ICICI Direct offers various other brokerage plans such as ICICI Direct Prime, Prepaid Brokerage Plan, I – Secure Plan, etc. You may refer to the ICICIDirect website for the details of these plans.
Upstox trading charges
The trading charges levied by Upstox are as follows:
Note: 18% GST is applicable on brokerage, demat, and transaction charges. SEBI charges of Rs. 5/crore is applicable.
Apart from the above charges, the following charges are also applicable:
- Account opening charges: Rs. 150 for equity segments on NSE and BSE
- Account maintenance charges (AMC): The annual amount is Rs. 150
- Depository Participant (DP) charges: Rs. 18.5 per scrip (for example, Reliance Industries) when delivery shares are sold
Kotak Securities trading charges
Kotak Securities offers the Trade Free Plan in which the following charges are applicable:
The account opening fee for the Trade Free Plan is Rs. 499. But, as of 17th September 2021, the plan is being offered free of cost. Depository Participant (DP) fees are 0.04% of the transaction value or Rs. 20, whichever is lower for every demat account debit (sell) transaction. The Annual Maintenance Fee (AMC) for the demat account is Rs. 50 per month.
Related: Tomorrow Makers’ Comprehensive eBook on Intraday Trading
Last words
As an intraday trader, you should choose a brokerage plan as per your trading needs. Bear in mind that some brokerage firms charge separately for trading services and value-added services, whereas others include value-added services in the brokerage plan itself.
If you are looking for a plain vanilla trading account without any value-added services such as research reports, charts, etc., you should select the broker accordingly. If you operate on wafer-thin margins, you should pay attention to the charges as they can easily eat into your already low margins.
Start-ups have disrupted almost every industry, and stockbroking is no exception. Start-ups like Zerodha disrupted stockbroking in two major ways. On the one hand, they increased the reach of the stockbroking industry by making it accessible in every corner of the country. On the other, they dramatically reduced the cost of trading by reducing the brokerage charges.
Zerodha trading charges
SEBI allows stockbrokers to charge a maximum brokerage of up to 2.5% of the transaction value. But Zerodha and other digital stock brokers brought down the cost of share trading to a fraction of this. The charges differ for trades in the various market segments such as cash market (intraday and delivery) and derivatives (futures and options).
Let us understand the various charges involved in share trading and how much Zerodha charges for them.
Apart from the above, the following charges are also applicable:
- Account opening charges: Rs. 200 for an online account and Rs. 400 for an offline account
- Account maintenance charges (AMC): The annual maintenance amount is Rs. 300 + GST. The proportionate amount is charged every quarter.
- Depository Participant (DP) charges: Rs. 13.5 + GST per scrip (for example, Reliance Industries) when delivery shares are sold
Zerodha also offers various value-added services that are chargeable separately. Please refer to the Zerodha website for these charges.
ICICI Direct trading charges
ICICI Direct offers various plans to select from. One of the plans offered is ICICI Direct Neo that offers Rs. 0 brokerage.
Related: How to read candlestick charts for informed decisions in intraday trading?
As seen in the above image, ICICI Direct Neo Plan charges Rs. 0 for futures orders. For intraday cash segment orders and options trades, the charges are Rs. 20 per order. The one-time subscription fee for the Neo Plan is Rs. 299 + GST. Statutory charges like STT, exchange transaction charges, stamp charges, SEBI charges are applicable as explained in the Zerodha charges section.
Apart from Neo Plan, ICICI Direct offers various other brokerage plans such as ICICI Direct Prime, Prepaid Brokerage Plan, I – Secure Plan, etc. You may refer to the ICICIDirect website for the details of these plans.
Upstox trading charges
The trading charges levied by Upstox are as follows:
Note: 18% GST is applicable on brokerage, demat, and transaction charges. SEBI charges of Rs. 5/crore is applicable.
Apart from the above charges, the following charges are also applicable:
- Account opening charges: Rs. 150 for equity segments on NSE and BSE
- Account maintenance charges (AMC): The annual amount is Rs. 150
- Depository Participant (DP) charges: Rs. 18.5 per scrip (for example, Reliance Industries) when delivery shares are sold
Kotak Securities trading charges
Kotak Securities offers the Trade Free Plan in which the following charges are applicable:
The account opening fee for the Trade Free Plan is Rs. 499. But, as of 17th September 2021, the plan is being offered free of cost. Depository Participant (DP) fees are 0.04% of the transaction value or Rs. 20, whichever is lower for every demat account debit (sell) transaction. The Annual Maintenance Fee (AMC) for the demat account is Rs. 50 per month.
Related: Tomorrow Makers’ Comprehensive eBook on Intraday Trading
Last words
As an intraday trader, you should choose a brokerage plan as per your trading needs. Bear in mind that some brokerage firms charge separately for trading services and value-added services, whereas others include value-added services in the brokerage plan itself.
If you are looking for a plain vanilla trading account without any value-added services such as research reports, charts, etc., you should select the broker accordingly. If you operate on wafer-thin margins, you should pay attention to the charges as they can easily eat into your already low margins.
