Unlimited Trading Plans or Fixed Brokerage Plans in India

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   State 
City    NRI Form ⇒

Unlimited trading plans or fixed brokerage plans as the name suggests is the monthly or yearly fee that a broker charge to allow traders to perform unlimited trading of any volume in the chosen segment in a month/year. Once you opt for an unlimited plan, there is no restriction of no. of trades and volume of trades. Unlimited trading plans are especially beneficial for high-frequency traders, high volume traders and penny stock traders.

Let's see how unlimited monthly plans is a better option with 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 to 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. That is when we think that paying a one-time fee is a better option than paying as you go.

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 plans will not charges brokerage upfront. In the unlimited trading plan, the broker charges the maximum brokerages allowed by SEBI (2.5%) for the initial trades. Once it reaches to the monthly plan equivalent amount, then the broker stop charging brokerage or charge 1 paisa brokerage for remaining of your trades.

Advantages of Unlimited Monthly Plans

  • Full refund of the fee if you do not trade in any month. Brokers like SAS Online and Prostocks are the example.
  • If you trade only few trades in a month than the monthly fee is charged only upto your brokerage, rest is refunded. Example Prostocks.
  • Switch between monthly plan to pay per trade plan is permissiable.
  • No additional software usage charges and annual maintenace charges.
  • GST is charged on monthly fee only.

Updates on Unlimited Trading Plans

  • Upstox stopped providing unlimited trading plans. They were the first discount stock broker in India to come up with such plans.
  • Kotak Securities Ltd announced Free Intraday Trading (FIT) Plan or unlimited online intraday trading for 999 per annum.

Stock Brokers offering Unlimited Monthly Plans and Yearly Plans (Fixed Brokerage Plans) in India

Few Indian stock brokers offer unlimited trading monthly and yearly plans not all. Here is the list of discount and full-service brokers offering fixed brokerage plans.

  • Prostocks (Discount Broker): Prostocks offer both monthly and yearly plans unlimited plans in equity cash, F&O and currency derivatives segment.
  • SAS Online (Discount Broker): SAS Online monthly plan covers equity cash, F&O, currency and commodity derivatives segment.
  • Tradeplus (Discount Broker) : Trade Plus monthly plans covers Equity F&O, currency and commodity F&O.
  • Finvasia (Discount Broker) : Finvasia is the only broker in India that offers abosolutely zero brokerage trading plans across all segment. Finvasia customer can trade in equity delivery, intraday, equity F&O, currency and commodity segment by paying zero brokerage. Taxes and other charges apply as usual.
  • Indiabulls (Full-service Broker): Indiabulls Shubh unlimited plan covers equity delivery and intraday in one plan and equity and currency F&O in another plan.
  • Kotak Securities (Full-service Broker): Kotak Securities Free Intraday Trading Plan (FIT) covers equity and F&O Intraday only. The plan is available at a yearly subscription.

Top Brokers offering Unlimited Monthly Plans or Unlimited Trading Fixed Brokerage Plans in India

Broker Segment Monthly Fee Exchange Request Call back
Prostocks Monthly Plan Equity Cash and F&O
Currency F&O
₹899
₹499
NSE or BSE
NSE or BSE
Open Account
SAS Online Monthly Plan Equity Cash and F&O
Currency F&O
Commodity F&O
₹999
₹499
₹499
NSE and BSE
NSE and BSE
MCX
Open Account
Tradeplus Monthly Plan Equity Futures
Equity Options
Currency F&O
Commodity F&O
₹799
₹99
₹99
₹99
NSE and BSE
NSE and BSE
NSE and BSE
MCX
Open Account
IndiaBulls Shubh Unlimited Plan Equity Delivery & Intraday
Equity and Currency F&O
₹1000
₹1000
NSE and BSE
NSE and BSE
Open Account

Top Brokers offering Unlimited Yearly Plan

Same as monthly plans, few brokers also offer yearly plans to lock the brokerage for full year.

Broker Segment Fee Exchange Request Call back
Prostocks Yearly Plan Equity Cash and F&O
Currency F&O
₹8999
₹4999
NSE or BSE
NSE or BSE
Open Account
Kotak Securities Yearly Plan Equity and F&O Intraday ₹999 NSE and BSE Open Account

Free Unlimited Trading Plan

Under free unlimited trading plan, broker is offering zero brokerage for all segments.

Broker Segment Yearly Fee Exchange Request Call back
Finvasia Free Unlimited Plan Equity Cash and F&O
Currency F&O
Commodity
FREE NSE and BSE
NSE and BSE
MCX
Open Account
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.

Last updated on 30th Apr 2020

SAVE 70% ON YOUR BROKERAGE

Name 

 Phone 
Email   State 
City    NRI Form ⇒

FAQs

  1. 1. Why traders/investors prefer no brokerage unlimited trading plans?

    Investors/traders 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 high frequency trading.
    • Reduce transaction charges and 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 sessions. 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.

     

     

  2. 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.

       

     

  3. 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.

     

     

  4. 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.

     

     

  5. 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.

     

     

  6. 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.

     

     

  7. 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

     

     

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

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

     

     

  9. 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.

     

     

Enquire Trading Account:

Name 

 Phone 
Email   State 
City   
Compare 3 Brokers

User Comments

avatar
14. Suraj Kanojiya  11/9/2020 12:46:02 PM Reply
go for finvasia
avatar
13. Dulal Das  2/7/2020 10:44:45 AM Reply
Why not Finvasia, they are not charging any brokerage which is a free unlimited plan.
avatar
12. venkatesh  5/27/2017 4:56:14 PM 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
12.1. VTVR MURTY  3/21/2018 10:50:36 PM
Sir,

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

URGENT

VTV RAMANA MURTY
avatar
12.2. R Krishna  3/22/2018 3:27:55 PM
I can suggest you - Prostocks is best discount broker for unlimited plans. Good Monthly and Yearly plans.
avatar
11. Sundar Das  3/20/2018 11:46:37 PM 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
10. Vijay Balan  2/20/2016 8:56:50 AM Reply
Whats TradePlus hidden charges as no broker can provide rs 99 PM plans?
avatar
10.1. Ajay  1/25/2018 10:36:54 AM
Best brokers for yearly and monthly plans
avatar
10.2. Ajay  1/25/2018 10:37:40 AM
Best brokers for yearly and monthly plans
avatar
10.3. Pradeep B  3/20/2018 11:43:05 PM
Tradeplus 99 Pm charges are just one point, but they are charging high PCM fee. So you need to pay indirect charges. Avoid.
avatar
9. Sumit  8/6/2017 9:42:26 AM Reply
Tradeplus is good or not
avatar
8. prateek  5/19/2017 3:18:05 AM 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
7. Sudheer  5/2/2017 4:36:06 PM Reply
Which of these offers maximum margin amount for intraday trading.?
avatar
6. Namrata  5/2/2017 10:13:44 AM 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
5. bhasker jee  2/23/2017 7:36:10 PM 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
5.1. TSB team  2/23/2017 8:06:45 PM
No, Service tax for Rs 899 is going to be one time. You need to pay service tax on other charges.






Search topsharebrokers.com:

Translate topsharebrokers.com: