Zerodha
Zerodha is the first India's discount broker. In the equity delivery section, the first successful attempt was made on zero brokerage. Zerodha provides exchange-traded funds and stock trading with no brokerage fees. Because of this, Zerodha is becoming a very well-liked and frequently utilized cheap broker among traders, particularly novices.
mStock by Mirae Asset
mStock by Mirae Asset is one of the most up-and-coming trading platforms gaining popularity for its unique approach to zero brokerage trading. Not only does it provide a Demat account with Zero brokerage charges for life, but it also manages transparency, which investors are highly seeking in long-term savings in brokerage. Additionally, m.Stock is considered the best trading app as it provides a fast and intuitive platform with best-in-class technology, making it hassle-free for its users.
Know what makes m. Stock Trading App different:
Zero Brokerage: This is a one-time fee of just ₹999, where m. Stock equips its traders to execute all the products without paying any brokerage in life.
Margin Trading Facility: With mStock, you can unlock all the benefits of margin trading. For investors, it is an opportunity to magnify their potential returns. Explore the Margin Trading Facility (MTF) with rates as low as 6.99% (eMargin)
Intuitive Interface: m.Stock has created an intuitively designed user interface for both new investors and seasoned professionals. It is simple, and hence, it makes trading easier.
Real-time Market Insights: With the offerings of m.Stock on stocks, ETFs, and lots more security types, stay well-informed. Live price quotes, interactive charts, and up-to-the-minute news keep investors in a proactive edge when making decisions.
Real-time tracking of investment portfolio: Track investments in real time, know gains or losses, and understand diversification.
Refer and Earn Rewards: The referral program on m.Stock is so easy to earn rewards. Share your referral link or insert your friend's mobile number in the 'Refer & Earn' section of the mStock web/trading app. Once your referred friend opens a ₹999 Zero Brokerage account, you will receive ₹555 as your referral bonus.
Upstox
Another popular name in the world of discount brokerage is Upstox. Similar to Zerodha and mStock, they also allow zero brokerage trading for equity delivery. The platform at Upstox is friendly and full of trading tools that work well for both beginners and seasoned traders.
Paytm Money
Paytm Money, a subsidiary of a leading mobile wallet service, Paytm, also forayed into zero brokerage play. The company has helped in making trading accessible by waiving equity delivery trade brokerage charges. Integration with the entire ecosystem of Paytm makes it easy to manage both investments and day-to-day finances.
Conclusion
Zero brokerage delivery has opened up participation in the Indian stock market for everybody. These five companies, namely Zerodha, m.Stock by Mirae Assets, Upstox, Paytm Money, and Angel Broking, have dominated the front end of this change. When considering a demat account trading broker, consider what might be available in terms of a trading platform, available research, and what fees, if any apply. With the right broker and a well-thought-out trading strategy, you could be maximizing zero brokerage trading as your first step toward achieving your financial objectives. Happy investing!