Unlimited Trading Plans (Fixed Monthly Plans)

Posted on 9th Jan 2015
by TopShareBrokers.com team

Rated 4.5/5 based on 32 customer reviews

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Why to choose unlimited trading plans /Fixed Monthly trading Plan?

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, we think 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 fixed price ticket.

From above scenario, it is easy to understand that for those executing multiple trades across all segments or high-volume trader - who performs bulk trades or Penny stock trader executing frequent trades in penny stocks, Unlimited Trading zero brokerage plans per month is the best suit.

Updates on Unlimited Trading Plans:

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

Why investors prefer NO brokerage/Zero brokerage/unlimited trading plan?

Investors may choose the flat rate brokerage 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 India 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 and 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 be paid by investor.

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 type of trader you are- active trader, high-volume trader or penny stock trader, short term investor or long term investor.

    Active Trader

    Active traders make multiple trades throughout the day. They attempt to profit from the daily price fluctuation of a particular stock and usually don’t hold the securities for long term.

    As frequency of trade is much higher, active trader always look for low brokerage online trading account in India. Active trader prefer strong and reliable trading platform and lowest brokerage charges for online trading. Maximum full service and discount brokers are providing online trading platform with cutting edge technologies, so competition is coming towards 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 fix monthly brokerage and get unlimited trading after minimum monthly fee.

    Long Term Investor

    Long Term Investor invest and hold portfolio of stocks, mutual funds, bonds and other investment instruments over an extended period of time to create wealth in long run. In long term holding you need not to pay lofty short-term capital gains taxes.

    For Long Term Investor we suggest zero brokerage trading which is offered by Zerodha, Upstox where investors don’t have to pay any brokerage for equity delivery trading and invest money for long term.

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

What are the best unlimited trading plans available with Indian discount share brokers?

The flat monthly fee charged by discount brokers can be either in just one segment or one flat fee to trade in all segments depending from broker to broker.

Here we are providing the details of best discount online brokers with their 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)

How unlimited trading plan works?

As per SEBI guidelines, the broker is allowed to charges brokerage only on trading, so brokers who are providing unlimited trading plan will not charge brokerage upfront. In the unlimited trading plan, the broker takes maximum brokerage allowed by SEBI which is 2.5% till he recovers monthly/yearly plan money, and after that, he will not charge any brokerage or 1 paisa brokerage for remaining of your trades.

Example: If on day-1 you have done trading of Rs 10,000 @ 2.5%, your brokerage will be Rs 250. If you have Rs 899 Monthly plan, a broker is going to charge 250 as 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 be charged 899-250 =Rs 649 as your brokerage. From day 3rdonwards you are going to charge .01 Rs (1 Paisa) which is negligible as your brokerage till the calendar month end.

If I am opening an account in the middle of a month, do I need to pay for the full month or pro-date basis?

When you join an unlimited trading plan in the middle of the month or any day of the month, you need to pay max 2.5% brokerage for your initial trade till you reach the amount of your defined plan brokerage and after that 1 paisa brokerage (which is negligible) amount. There is no prorated brokerage concept in unlimited trading plans.

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

No, as defined in the previous question, the broker is allowed to charge brokerage only when you do trading, so in case of any given calendar month if you have not done any trading, you don’t have to pay any brokerage.

How GST is calculated on Unlimited Trading Plan?

Client need 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.

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.

Does Zerodha have unlimited trading plans?

No,Zerodha doesn't have unlimited trading plans, but zerodha support free delivery base trading.Zerodha's trading plans

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

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

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

In fixed monthly plan, brokers receive a fixed payment regardless of whether services are actually rendered. Fix pricebBrokerage revenues are predictable and timely, and thus are less risky than revenues from conventional pay per transaction methodologies that are tied to volume. Let's take a scenario of buffet restaurants where you can eat unlimited food by paying one fixed price. You can eat as much food as you can at no additional charge. Restaurant owners may be able to do so under competitive pricing pressure that leads them to cook more food at zero marginal cost of production. Thus in a flat rate context, increasing consumption decreases the per unit price. Same way discount brokers by cutting down their profit margin and minimize their transaction costs by restricting services like relationship management and offering online trading platform are able to offer services at such unbelievably low rates.

Switch to Discount brokers and Save up to 90% on your brokerage fees.....


Fixed price models or unlimited trading plans allow customers to pay a fixed price for services that are agreed upon by both the parties. It should help in arriving at a price that is competitive yet profitable, flexible, simple and easy to apply. It should be representative of business realities and maximize benefits for both the parties. That's why it is essential to do the due diligence of each broker offerings before deciding on the best-fit pricing model for you.


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User Comments

12. 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.
12.1. VTVR MURTY  Mar 21, 2018 9:50:36 PM IST

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


12.2. 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.
11. 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.
10. Vijay Balan  Feb 20, 2016 7:56:50 AM IST Reply
Whats TradePlus hidden charges as no broker can provide rs 99 PM plans?
10.1. Ajay  Jan 25, 2018 9:36:54 AM IST
Best brokers for yearly and monthly plans
10.2. Ajay  Jan 25, 2018 9:37:40 AM IST
Best brokers for yearly and monthly plans
10.3. 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.
9. Sumit  Aug 6, 2017 8:42:26 AM IST Reply
Tradeplus is good or not
8. 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
7. Sudheer  May 2, 2017 3:36:06 PM IST Reply
Which of these offers maximum margin amount for intraday trading.?
6. 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)???
5. 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 ......
5.1. 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.
4. 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?
4.1. 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.

3. AJAY SURENDRA JHA  Jan 14, 2017 11:56:39 PM IST Reply
In unlimited trading plans how the service tax is calculated.
3.1. TSB Team  Jan 15, 2017 1:24:44 AM IST
Client need to pay service tax on his brokerage, so in case of unlimited plan you need to pay service tax on the amount you get charge on brokerage. I.e if you have 899 Rs per month plan, you need to pay service tax on 899 Rs. As of Jan-2017 you need to pat 15% Service Tax on your brokerage.

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