Best Stock Brokers by Monthly Plans in India-2020
Last updated on 7th Nov 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.
- Equity Monthly Plan - Unlimited Plan of Rs 899 per month
- Currency Monthly Plan - Unlimited Plan of Rs 499 per month
- Yearly Equity Plan- Unlimited Plan of Rs 8999 per month
- Yearly Currency Plan - Unlimited Plan of Rs 4999 per month
- Lowest Transaction Charges, NO PCM Fee
- Rs 10 Call n Trade Charges, Lowest in industry
Special Offer:ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit.
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 Online is still offering the same.
- Equity Delivery, Intraday, and F&O segment for fixed price plan of Rs 999 per month
- Currency trading - fixed price plan of Rs 499 per month
- Commodity trading - fixed price plan of Rs 999 per month
Special Offer:Get up to 20% on referral bonus, free trading tools.
Cheaper plan in Monthly option:
- Unlimited Equity Option Trading for Rs 99 per month.Equity Delivery,Intraday & Future not part of Monthly Plans.
- Unlimited Currency trading - for Rs 99 per month
- Unlimited MCX commodity trading - for Rs 99 per month
Special Offer:Free Trading account opening for our visitors.
Indiabulls Shubh is offering unlimited trading plan for traders. They have base plan starting from Rs 1000 PM and have various higher subscription plan with margin funding facility.
- Equity Delivery & Intraday - Rs 1000 PM(30 Days)
- Equity & Currency Derivatives - Rs 1000 PM(30 Days)
Company have plan up to 1 lakh Rs PM with margin funding up to Rs 50 lakh.
Trade Smart do offer monthly plans, but the price of monthly plans are not competitive.
- Equity Delivery, Intraday, and F&O segment for fixed price plan of Rs 3999 per month.
- Currency trading - fixed price plan of Rs 1999 per month.
- Commodity trading - fixed price plan of Rs 3999 per month.
Special Offer:Free Account Opening, Rs 400 Waived for a limited time.
Does Monthly Trading Plan suitable me?
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.
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Who should use monthly trading plan?
- For Active Traders, doing multiple trades across segments, including Commodity, Currency, and Equity.
- High Volume Traders.
- Traders who love to trade frequently in Penny stocks/small stocks.
- By paying a one time monthly fee, traders are locking their budget towards brokerage.
- No need to pay GST on your transactions, you need to pay GST once in a month.
Detail article on Unlimited trading Plans.
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