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If you are an active trader and perform an average of 40 to 60 trades per day and if you pay Rs 20 per trade, it sums up to Rs 800 to 1200 per day as brokerage charges. In such case broker like Prostocks is providing free trade or almost like free trade after paying a monthly fee of Rs 899.
Rs 899 or Rs 499 is recovered by levying brokerage in contract note @ 2.5% as and when trades are done by the client in any particular month after that they charge .01 Rs (1 Paisa per trade) as brokerage which is kind of free trading.
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Zerodha Trade@20
