Unlimited Trading Plans (Fixed Monthly Plans)

Broker Articles   Buyback Dashboard   Compare Top Stock Brokers in India  
Rated 4.5/5 by TopShareBrokers.com team

Need help choosing a broker?

Name 

 Phone 
Email   City 
State   

Let me explain it with a very simple example, a real-life experience. When we go to the fair with kids, buying tickets for rides leaves us with 2 choices. Either pay per ride or buy a fixed price ticket for unlimited rides. In the beginning, pay per ride is a better option as we are not sure how many rides kids are going to do. So we usually choose pay per ride. As it goes, we pay per ride and kids though may not want to take all the rides but like to take their favorite rides again and again. We end up paying more as compared to the fixed price ticket.

For high-volume traders, Unlimited brokerage plans per month are the best fit.

Updates on Unlimited Trading Plans:

  • Upstox stopped providing Unlimited Trading Plans. RKSV was the first discount Stock Broker in India to come up with an Unlimited Trading Plan.
  • Kotak Securities Ltd announced Free Intraday Trading (FIT) Plan or Unlimited online Intraday Trading for 999 PA.

How unlimited trading plan works?

    As per SEBI guidelines, the broker is allowed to charge brokerage only on trading. So brokers who are providing unlimited trading plan will not charges brokerage upfront. In the unlimited trading plan, the broker takes most brokerages allowed by SEBI which is 2.5%. Once he gets his monthly plan equivalent amount. After that, he will not charge any brokerage or 1 paisa brokerage for remaining of your trades.

    Example: Assume, on day-1 you have done trading of Rs 10,000 @ 2.5%, your brokerage will be Rs 250. If you have a Rs 899 Monthly plan, a broker is going to charge 250 as a brokerage. Assume on day-2 you have done trading of Rs 50,000 @ 2.5% your brokerage is Rs 1250. So you are going to charge 899-250 =Rs 649 as your brokerage. By day 3rd onwards you are going to charge 1 Paisa which is negligible till the calendar month end.

The best unlimited trading plans in India

    The flat monthly charges can be by segment or for any segment, its depend from broker to broker.

    Here we are providing the details of best online stock brokers with unlimited trading plans.

    1. ProStocks unlimited trading plans >>More

      • Rs 899 Equity Plan/PM for unlimited trading in NSE Cash, NSE F&O or BSE Cash, BSE F&O segment
      • Rs 499 Currency Plan for unlimited trading in currency derivatives(NSE/BSE)
      • Rs 8999 Equity Plan/PY for unlimited trading in NSE Cash, NSE F&O or BSE Cash, BSE F&O segment
      • Rs 4999 Currency Plan/PY for unlimited trading in currency derivatives(NSE/BSE)
      • Free 2 months unlimited trading with Yearly Plan
      • Lowest Transaction Charges with NO PCM FEE
    2. SAS Online's unlimited trading plans >>More

      • Rs 999 Equity Plan for unlimited trading in NSE Cash, BSE Cash and NSE F&O segment
      • Rs 499 Currency Plan for unlimited trading in currency derivatives.
      • Rs 999 MCX Plan for unlimited trading in commodities
    3. Kotak Securities unlimited trading plan >>More

    4. TradePlus Online unlimited trading plans >>More

      • Tradeplus offers unlimited trading plans:
      • Unlimited equity option trading @ Rs 99 per month (refundable).
      • Unlimited currency future and option trading @ Rs 99 per month (refundable)
      • Unlimited MCX commodity trading @ Rs 99 per month (refundable)
      • Unlimited Equity Future Trading @ Rs 799 per month ( refundable)
    5. Indiabulls Ventures Shubh Online Unlimited Subscription Plan >>More

      • Indiabulls Ventures Shubh offers unlimited subscription plans:
      • Unlimited Equity Cash (Delivery and Intraday) trading @ Rs 1000 for 30 days (non-refundable).
      • Unlimited Futures and Options (Equity and Currency) trading @ Rs 1000 for 30 days (non-refundable).
      • Free Margin Trading Funding (Zero Interest) with higher subscription plans.
      • 30 Days Free Trial of subscription plans.
      • For Complete plan details please read detail article >> Read
Switch to unlimited trading plans and Save up to 90% on your brokerage fees.....

Conclusion

Fixed price models or unlimited trading plans allow customers to lock their monthly expense. The brokers who offer unlimited trading plans are a bit conservative in the margin policy. So if you are a day trader and looking for higher margin. You need to do the due diligence of each broker offering before deciding on the best-fit pricing model for you.

Last updated on 9th Aug 2019

SAVE 70% ON YOUR BROKERAGE

Name 

 Phone 
Email   City 
State   

FAQs

  1. Why investors prefer NO brokerage-Zero brokerage/unlimited trading plan?

    Investors may choose the Unlimited Trading Plans option for many reasons:

    • It is a low risk model.
    • Budget lock - To insure against the possibility of large bills due to over consumption.
    • Due to the inconvenience associated with choosing the correct plan.
    • More flexibility to do higher-frequency trading.
    • Reduce transaction charges and has to pay no service tax on brokerage.

    The fixed brokerage/unlimited trading plans are good for active investors, where they do average 20+ trading per day. In this case you will recover your money in 2 trading session. After that you will enjoy "zero brokerage unlimited trading" completely free. By using fixed brokerage/unlimited trading plans investor can do more trade in small movemement of market. Other charges like STT, stamp duty, transaction charges, GST and so on still need to paid by investor.

    Discuss this question

  2. Which discount brokerage pricing model suits me?

    The pricing model that works for one type of investor may not work for another. It is also possible that a pricing model that suits one broker may not suit another. Selecting a perfect online discount broker depends on the type of trader you are. i.e. - active trader, high-volume trader or penny stock trader, short term investor or long term investor.

      Active Trader

      Active traders make many trades throughout the day. They attempt to profit from the daily price fluctuation of a particular stock. Usually Active Traders don't hold the securities for the long term.

      As the frequency of trade is much higher, active trader always looks for low brokerage online trading account. Active trader prefer strong & reliable trading platform, lowest brokerage charges for online trading. Most brokers are providing online trading platform with cutting edge technologies. In such case only competition is in lowest brokerage. Discount brokers in India are providing low brokerage trading account in two ways -

      • Flat fee brokerage
      • Zero brokerage unlimited trading plan.

      For Active trader, "zero brokerage unlimited trading plan" is the best. Where they need to pay fixed monthly brokerage and get unlimited trading.

      You can check the best brokers in India to provide monthly plans in this article-Top 5 brokers by monthly plans in India

      Long Term Investor

      Long Term Investor invests and hold equity over an extended period of time to create wealth in the long run. In long term holding you need not to pay lofty short-term capital gains taxes.

      For Long Term Investor zero brokerage trading is best. Brokers like Zerodha, Upstox, Fyers offers Zero Delivery Brokerage. They can hold the script for long term or can BTST to get overnight price movement.

    Discuss this question

  3. How GST calculated on Unlimited Trading Plan?

    The Client needs to pay GST on brokerage. With an unlimited plan, you need to pay GST on the amount you get charged as brokerage. I.e. If you have Rs 899 per month plan, you need to pay GST on Rs 899.

    As of July-2017, you need to pay 18% GST on your brokerage.

    Discuss this question

  4. If I am opening an account in the middle of a month, do I need to pay for the full month charges?

    When you join an unlimited trading plan in any day of the month, you need to pay full fees of the plan. After that 1 paisa brokerage (which is negligible) amount. There is no prorated brokerage concept in unlimited trading plans.

    Discuss this question

  5. If I have opted unlimited trading plan and not done any trading in a month, do I still need to pay?

    No, the broker charge brokerage only when you do trading. So in case of any given calendar month, if you have not done any trading, you donít have to pay monthly brokerage charges.

    Discuss this question

  6. Is there any contract and do we need to pay any early termination fee for unlimited broker plan?

    With growing competition, there is no contract with any plan and no termination fee. Users can switch the plan as per their convenience. But still, you have to check with the broker you choose.

    Discuss this question

  7. Does Zerodha have unlimited trading plans?

    No, Zerodha doesn't have unlimited trading plans. Zerodha support free delivery base trading. Please refer article on Zerodha's trading plans

    Discuss this question

  8. Does unlimited monthly plan start and end with the calendar month?

    Yes, but still you have to check with the broker you choose.

    Discuss this question

  9. Why discount brokers offer such low fixed price plan and how they afford it?

    In fixed monthly plan, brokers receive a fixed payment. Fix price brokerage revenues are predictable and timely and thus are less risky.

    Let's take a scenario of buffet restaurants, where you eat unlimited by paying a fixed price. You can eat as much food as you like at no extra charge. Restaurant owners may be able to do so by volume business model which reduce the cost. Thus, in a flat rate context, increasing consumption decreases the per unit price.

    Same way discount brokers also performing. By increasing volume and cutting down costs. By offering online trading from centralize location is the key to offer low rates to end clients.

    Discuss this question

Enquire Trading Account:

Name 

 Phone 
Email   City 
State   
Compare 3 Brokers

User Comments

avatar
13. venkatesh  May 27, 2017 3:56:14 PM IST Reply
Hi, Those who do day trading with more orders daily, it is best to go with unlimited Trading plan and do not go with per trader of Rs 20 or 15 becasuppose you have done 40 buy + 40 sell and total 80 trades in a day, then the brokarage per trader charge) = 1600 that is in a day and if you have done a Turnover on that day of suppose of 1 crore then the STT/NSE charges are 1800 Rs, so total has become 1800+1600=3400 Rs in a day, which is huge, so better go for unlimited plan and your money. Eventhough for us only 20 RS but when we do more orders it is RS 1600 per day, so better switch to 899/999 plan per month is better.
avatar
13.1. VTVR MURTY  Mar 21, 2018 9:50:36 PM IST
Sir,

PLEASE PROVIDE the best broker who service on fixed monthly plan.

URGENT

VTV RAMANA MURTY
avatar
13.2. R Krishna  Mar 22, 2018 2:27:55 PM IST
I can suggest you - Prostocks is best discount broker for unlimited plans. Good Monthly and Yearly plans.
avatar
12. Sundar Das  Mar 20, 2018 10:46:37 PM IST Reply
Hows is 5 paisa? does he providing unlimited trading plan? Rs 10 plan is attractive but monthly plan is really good where I dont need to worry about any brokerage.
avatar
11. Vijay Balan  Feb 20, 2016 7:56:50 AM IST Reply
Whats TradePlus hidden charges as no broker can provide rs 99 PM plans?
avatar
11.1. Ajay  Jan 25, 2018 9:36:54 AM IST
Best brokers for yearly and monthly plans
avatar
11.2. Ajay  Jan 25, 2018 9:37:40 AM IST
Best brokers for yearly and monthly plans
avatar
11.3. Pradeep B  Mar 20, 2018 10:43:05 PM IST
Tradeplus 99 Pm charges are just one point, but they are charging high PCM fee. So you need to pay indirect charges. Avoid.
avatar
10. Sumit  Aug 6, 2017 8:42:26 AM IST Reply
Tradeplus is good or not
avatar
9. prateek  May 19, 2017 2:18:05 AM IST Reply
i am newbie in market currently am zerodha customer bt i want unlimited trading pack just becaof frequency of trades. so suggest me which one is best bt i compare brokarage calculator of zerodha and prostocks unlimited intraday and i just 2rs on the name of unlimited trade. and in my contract note i see 2.44 for stamp in zerodha and 12.19 in prostock
avatar
8. Sudheer  May 2, 2017 3:36:06 PM IST Reply
Which of these offers maximum margin amount for intraday trading.?
avatar
7. Namrata  May 2, 2017 9:13:44 AM IST Reply
"From day 3rdonwards you are going to 1 Paisa) which is negligible as your brokerage till the calendar month end."

From your example, it is not clear 1 paisa will changed (per order/per trade/per 100 rs turnover)???
avatar
6. bhasker jee  Feb 23, 2017 6:36:10 PM IST Reply
everytime we have to pay service tax on monthly plan....like if i do 20 times trade in a day so 20 times i have to pay 15% service tax on 899??????bcz if it is then its too much.....please clear this ......
avatar
6.1. TSB team  Feb 23, 2017 7:06:45 PM IST
No, Service tax for Rs 899 is going to be one time. You need to pay service tax on other charges.
avatar
5. Sandeep B  Dec 13, 2016 6:26:09 AM IST Reply
ProStocks is providing unlimited trading in Rs 899 with lowest transaction charges. Is it reliable broker?
avatar
5.1. ProStocks Team  Jan 15, 2017 1:37:04 AM IST
ProStocks is most reliable brokers, you can visit prostocks com for more details.

Company is registered with SEBI,NSE,BSE and CDSL
No PropTrading
Lowest transaction charges compare to all discount brokers - Review ProStocks Comparison page
Review brokerage calculator for more details about the individual charges, including Stamp Duty.







Search topsharebrokers.com:

Translate topsharebrokers.com: