Are you looking for the lowest brokerage charges for F&O? In this post, I am going to walk you through 10 trading platforms with the lowest brokerage charges for F&O. By the end of the post, you should be able to choose the right trading platform among the ten trading platforms that we will share in this post.
Why Look for The Lowest Brokerage Charges for F&O
F&O trading involves high risk, and to succeed, you need to put in a lot of effort regarding technical analysis and money management. However, if we don't choose our trading platforms wisely, chances are that these trading platforms will eat up a big chunk of our profit by every year's end.
We don't realize it until we see our annual P&L statements; when we do, it's undoubtedly painful. Hence, we must choose a trading platform after comparing the charges well.
Lowest Brokerage Charges for F&O: 10 Trading Platforms
Launched in 2010, Zerodha has established itself as India's most reliable trading platform. Besides, it's one of those trading platforms that come with the lowest brokerage charges for F&O. Zerodha's Kite is secure and offers high usability backed by its intuitive interface, advanced charting tools, advanced order types, and excellent support. Kite offers fast order execution and works equally well on web and mobile devices.
Zerodha charges a brokerage fee of Flat ₹ 20 or 0.03% (whichever is lower) per executed order on Futures trades and a flat ₹20 on all Options trades.
Upstox entered the industry in 2009 and is another reliable trading platform backed by Ratan Tata and Tiger Global. Upstox has reliable applications across web and mobile devices with advanced charting tools, multiple watchlists, and advanced order types like GTT.
Upstox is also known for its Ready-Made Options Strategies. It's also worth mentioning that Upstox has the industry's best customer support.
When it comes to brokerage charges, Upstox keeps its brokerage fees minimal. The platform charges ₹20 or 0.05% (whichever is lower) per order. It wouldn't be wrong to say that Upstox has the lowest brokerage charges for F&O.
Pravin Jadav launched Dhan in 2021, and despite being new, Dhan quickly emerged as a popular trading platform in India. Many consider Dhan a competitor to Zerodha, considering Dhan's advanced features.
Dhan comes with tons of features and is also a reliable trading platform. The platform offers many ways of trading, including webhooks and APIs. Dhan has a dedicated application for Options trading, and advanced Options traders can benefit greatly from it. Other salient features include advanced charting tools, multiple watchlists, advanced order types, and excellent customer support.
Dhan is one of the platforms with the lowest brokerage charges for F&O, and the platform charges ₹20 or 0.03% of trade value per executed order, whichever is lower on all segment Futures and a Flat ₹20 on all segment Options.
Angel One has been there since 1996 and is the preferred trading platform of many F&O traders in India. Angel One comes with excellent trading applications across all device platforms. Angel One applications come with advanced charting tools. Angel One also offers a desktop software called Angel SpeedPro.
The platform runs on a discount broking model and keeps its brokerage fees nominal. Angel One charges Flat ₹20 or 0.25% (whichever is lower) on F&O all segments.
Paytm Money was launched in 2017, with its headquarters in Bangalore. Paytm Money is ideal for F&O trading and comes with a few delights, such as ₹0 account opening fee, ₹0 platform fee for one year, and ₹0 brokerage for ten days. If we consider Paytm Money applications, they are reliable with fast order execution.
As far as Paytm Money's brokerage charges go, the platform charges ₹0.01 per Executed Order for Futures trades and ₹20 per executed order for Options trades.
mStock started in 2022 and is famous as a zero brokerage platform. The platform has a zero brokerage plan for a lifetime at a one-time fee of ₹999. mStock has a good track record, a friendly and clean interface, and reliable trading applications across web and mobile devices. There is no delay in order execution.
Regarding brokerage charges, mStock charges flat ₹20 for F&O trades. Besides, mStock allows you to enjoy ₹0 brokerage charges if you opt for its ₹999 plan.
Bangalore-based Fyers is an innovative trading platform established in 2015. It would not be wrong to say that Fyers has led the way to innovation in online trading. Fyers allows users to trade from the chart and offers easy position management without leaving the chart. Further, users can access the Options chain right from the Fyers charting tool.
If we consider Fyers' brokerage charges, the platform charges ₹20 or 0.03% of trade value, whichever is lower on all segments of Futures and ₹20 per executed order on All segment Options.
Founded in 1994, Kotak Securities is a subsidiary of Kotak Mahindra Bank and is one of the finest trading platforms in India at the lowest brokerage charges. Kotak Securities has reliable trading applications, advanced charting tools, and a clean interface.
Kotak Securities keeps its brokerage charges simple and charges a brokerage fee of ₹20 for all F&O trades. Besides, the platform has plans such as Trade Free Max and Dealer Assisted to reduce brokerage charges and enjoy other benefits. It's also worth mentioning that Kotak Securities has comprehensive customer support, including phone, live chat, WhatsApp chat, and email support.
5paisa entered the industry in 2016 to offer users low-cost trading and is undoubtedly a popular trading platform in India. The trading was launched when Zerodha was growing increasingly popular in India. If we consider 5paisa's interface, it's super clean and user-friendly. The trading applications work flawlessly across all devices and are easy to use.
Brokerage fees are simple and nominal in 5paisa, and the platform charges flat ₹20 per executed trade for F&O trades. Besides, 5paisa has SuperSaver packs to get the brokerage charges down to ₹10 per executed trade.
Groww was launched in 2016, and the platform was initially more of an investment platform. Over the years, Groww has diverged its services and included the F&O segment. Groww doesn't charge any account opening charges, and AMC.
If we consider the interface, it still looks like an investment-friendly interface. However, the platform works equally well for F&O trading, now backed by advanced charting tools and over 100 indicators. Regarding the brokerage charges, Groww comes with low brokerage charges. The platform charges ₹20 per executed order for Futures and Options.
Finding the right trading platform with the lowest brokerage charges for F&O in India is now easy with so many good trading platforms around. I have walked you through the ten best trading platforms with the lowest brokerage charges for F&O in India, and you should be able to choose the right one for you. However, you must know your requirements well before that. Most importantly, you must ensure that you choose a reliable and easy to use trading platform alongside looking for a trading platform with the lowest brokerage charges for F&O.
What are brokerage charges for F&O trading?
Brokerage charges for F&O trading are fees that traders pay to their brokerage firms for executing buy and sell orders in the derivatives market.
How do brokerage charges for F&O trading work?
Brokerage charges are typically calculated based on the transaction value or the number of lots traded. Different brokers have varying fee structures.
What factors affect brokerage charges in F&O trading?
Brokerage charges can vary depending on the broker, the volume of trading, the type of F&O contracts traded, and the trading platform used.
Are there brokers that offer lower brokerage charges for F&O trading?
Yes, some brokers offer competitive rates and lower brokerage charges for F&O trading to attract traders. It's essential to research and compare brokerage plans.
What are flat-rate brokerage charges?
Flat-rate brokerage charges are a fixed fee per trade, regardless of the transaction value or the number of lots traded. They can be cost-effective for high-frequency traders.
How can I find brokers with the lowest F&O brokerage charges?
You can compare brokerage charges and plans offered by different brokers online or contact them directly to inquire about their pricing structures.
Do brokers offer discounts on brokerage charges for high-volume traders?
Yes, many brokers provide discounts on brokerage charges for traders who maintain a high trading volume or meet specific criteria outlined by the brokerage firm.
Are there any hidden charges associated with F&O trading?
Some brokers may have additional charges, such as account maintenance fees or regulatory charges. It's crucial to read the terms and conditions.
What should I consider when choosing a broker based on brokerage charges?
When selecting a broker based on brokerage charges, consider factors like your trading style, the type of F&O contracts you trade, and the overall services offered by the broker.
Can I negotiate brokerage charges with my broker?
In some cases, you may be able to negotiate brokerage charges with your broker, especially if you are a high-volume trader or have a long-standing relationship with the firm.