Last updated on 21st May 2019
by Team Top Share Brokers
Monthly Trading Plans, Unlimited Trading Plans or Fixed Plans all are same where by paying monthly fees to brokers, one can trade unlimited without the worry of volume or size of trade in a month. Usually, monthly plans are charged by segments - (Equity - Intraday, delivery, F&O, currency or commodity). For example, pay Rs 899 PM to trade unlimited in Equity, Rs 999 to Trade unlimited on Commodity, Rs 499 to Trade unlimited in Currency. The Monthly Plan charges per month fix fee, depending on a broker to broker.
Please find below "Best Stock Brokers by Monthly Plans in India" or "Top 5 Brokers by Unlimited Trading Plans"
Prostocks - A discount broker in India, offeres monthly plans for Equity, Currency and also offers yearly plan for equity and currency. The monthly plan is very easy to understand and simple.
SAS Online offers the Cheapest Monthly Plan. SAS Online is the pioneer in starting the Monthly Plan after Upstox. Later Upstox stopped offering monthly plans, SAS line is still offering the same.
Cheaper plan in Monthly option:
First time in Industry - Yearly Brokerage Plan:
Trade Smart do offer monthly plans, but the price of monthly plans are not competitive.
Kotak Securities also started giving Free Intraday Trading (FIT) plan, this is limited to one segment only. For more details please refer the article on Kotak FIT.
To find an answer for this you need to track your trading history and find out what is your average brokerage per month on each segment as well as what is your future trading plans. If your average monthly brokerage payment is exceeding the monthly trading plan, then it's worth to switch to monthly plans.
Detail article on Unlimited trading Plans.